REGISTERED COMPANY NUMBER: 08078275 (England alld Wales) REGISTERED CHARITY NUMBF.R: 1149705 rt of the TISteeS and Unaudited Financial Stateinents loi. the Year Ended 31 March 2025 for Kilburn Islamic CentsE Ltd Prestons & Jacksons Partneiship LLP 364 - 368 Cianbrook Road llford E8sex IG2 6HY
K11bn Islamic Centre Ltd Contents of the Financial Statements for the Yeai. Endcd 31 March 2025 Page Report of the Trustees I to 8 Lndcpcnd¢nt Examillei's Report Statement of Financial Activities 10 Balance Sheet 11 lo 12 Cash Flow Statement 13 Notes to the Cash Flow Statement 14 Notes to th¢ Financial Statements 15 to 24 Detailed Statement of Financial Activities 25 to 26
Kilbuill Islamic Centie Ltd oit of die Tiustees for the Year Ended 31 March 2025 Tbe ti'ustees who are also directors of the chai'ity for the puiposes of the Companies Act 2006, present their report WAth the finallcial statanents of the charftty for Ihe year ended 31 M'Ch 2025. The ttwtees have adopted the piovisions of Accounting and RepoilÈng by Charities: Statement of Recon)meiJded Practice applicable to chai"itie8 prep.Ing theii. accounts in accordance with the Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102) (effective l Januaiy 2019). Kilburn IsIamic Centi'e (KIC) is a reStered charity established to provide religious, educational, and commiiillty sfflvices foi. the Muslim comii)unity in Kilburn and tbe sun'ounding ai'eas. Governed by a Board of Ti"u8tees. the charity opei'ates in accoi'dance with its goveiring documeJJt and complies with the Charity Commission's Statement of Rccominended Pi'actice (SORP) under FRS 102. This report outlines the charity's activities. achievements, governance, and finaiicial position for the yeai. ending 31 March 2025. KIC exists to deliver cotnmunity-led initiatives oUnded iii Islamic values while i'esponding to the clianging necds of society, The Ccntre functions as a hub for worship, learning, leadei7liip development, and sei'vice, conti'ibuting positively to both the Musliin con)munity and widei. society. Dwing the i'eportiiig pei'iod, the chai'ity focused on strengthellillg its organisational foundations, expanding service provisioii, and improving long-teiin sustainability. Page I
Kilbum Islamic Centre Ltd oit of the Tn]stees foi. the Year Ended 31 Mai'ch 2025 OBJECTIVES AND ACTIVITIES Objectives and aims KIC is led by a committed teallt guided by Islatllic principles. crealivity, and compassion. The charity aims to serve t]ie coinmunity tkn.ough inclusive and foiww"d-looking initiatives that brÈng togethcr people across cultui'es aiid generations, while i'emaining firmly rooled in IsEamic teachings. Tkn'oligh its programmes and services, KIC seeks to nurtw'e faith, develop character, and str¢ngthcn unity within the comtnunity. Vision.. To develop a lasting and puiposeI impact in oui. community. Mission: To ci'edtively Se the needs of the comn)unity. Values., Delivei'ing liigh standards Engaging young generations Becoming a beacon of change Balancillg tladition <iiid pi'ogrcss Leading in community developinent Strategies: Long-Tei'm Sti'ategic Aims (2020-2030) l- Leadership.. Develop leaders equipped to guidc both the organisation and the wider community ivith inte.ty and foi'esight, 2- Sustainability.. Build systems and StCtUreS that support long-tenn 'OwtIl, opei'ational efficiency, and financial independence. 3- Empowei'ment.. Create oppoi'lunities for community members, particulai'ly young people, to actively shape and dcliver impact1 initiatives. 4- AccountabAIity: Maintaill transparency alld inteIty in all areas of opci7tion, ensuring public tiust and confidence. Short-Term Objectives (2020-2025) l- Space: Ellliance facilities to maximise engagement and piDgi?mme delivery. 2- PeopEe: Str¢ngtlien leadersliip capacity and staff developjnent. 3- Sustain: Establish a sclf-sustaiiiing opcrational and financial Jnodel. 4- Cominunity: Build a cohesive, faithrftsiven comtnunity ccntrcd on conts"ibution and sbai'ed puipose. Page 2
I(lIbn Islamic Centre LAd oit of the TISteeS for tlie Year Ended 31 March 2025 STRATEGIC REPORT Achievements alld pei'formance Major Religious Ei vents DurLllg 2024125, Kilburn Islamic CentA'C marked five years of sustained development, IEflccting Significant pl.0eSS in oi'ganisational growth, service delivery, alld financial resilience. Organisatioiial Development The yeai. marked a sigliificant milestone in the development of the cltre, with the completion of all planned building works, i-esulting in a fully operational and enhanced facility. This has enabled the oi'ganisation lo inciease both capacity and quality of service delivcry. To suppoi't continued 'Owth, the Centi'e undej'took a stritlegic recruitment pi'ocess, appointing new staff aci'oss education, administl'ation, and fundraising functions. These appointm¢llts strengthen opeiational iesilience and position the oL'gaiiisatlOlL to incet incre&siiig community demand. Tiustees have maintained a cle. focus on long-teiin fjnancial sustainability. Alongside expanding sei'vices, efforts Iiave continued to diversify incom¢ slreains, strengthen governance ove131]t, and enstu'¢ i'esponsible 8lewardship of charitable resources. Islamle Affalrs IslaAlliC education and w0h1p remained central to tlje Centse's work throughout the year, with a wide iallge of pi'ogrammes supporting 6piritual growth, Qur'anic literncy, and comniunity engageinent, Core Progi'ammes The Ccnti'e delivered a comprehensive rang¢ of spiritual and reltgious services tbroughout tbe year. Hi111gts IDcluded.. J- Weekly Jumu'ah prayers and Eid cclebrations, providuig consistent spirAtual support 2- Ramadan progratnme seLving approxijnately 30,000 people, including y.aweeh and Qiyaam prayei3, community iftai"s, and spiritual gatherings 3- Dhul Hiiiab prOaMrne, featw'ing themed sesslons on Sacrifice, Retention, and Jowney. focusing on tbe spiritual sigllificance of Haji, pei'soiial developm¢nt, and acts of woj'ship during this sacred period. These core pr0gralnm wcre aimed to develop community cohesion and provided oppoi'tunities foi. spii'itual iefleclioll and engagement. Qur'anic Initiatives Tlie Centi'e strengthened Qur'anic ¢ngagement through: l- The annual Qur'an Confei'ence, featuring Hassan Saleb, Alomgir Ali, and Jamal Abdinasll 2- Night of Qur'an alld thematic reflcction s&ssions (The (2ur'an) 3- Ongoing Explanation of tbe Qur'an programm¢, now in its fourth year 4- Weekly Qur'anic circles, including the Women's Qui an Circle Tliese initiatlVe8 erthanced Qur'anic literacy and provided accessible leaming oppoitLmitics for all community members. Edllcatioiial Programmes Page 3
Kilbum Islamic Centi"e Ltd ort of die Trustees foi. the Year Ended 31 March 2025 The Centre deliveied open-to-all educational events, welcoming distinguished speakei"s frojn across tl)e UK. Topics included: Tajweed Essentials, Pei'haps It Is Best, Oppi.s10n, The Gift of Islam, Gai'ments, Repentaiice, The Realm of Dieams. Solitude, Branches of Emaan, One, 73 Major Sins, Fiqh of Ramadan, One Year Latei., and Tafsii" of Sui?b Maiyam. These sessions strengthelled knowledge, reflection. and engagement with Islamic teachings. Community OutR'each The Cents'e expanded its social responsibility tIOUgh. l- Launch of KIC Against Opprcssion. adth'e&8ing injustic¢ locally nationally, and inÈeiMationally 2- Foiinalisalion of Einaaii Relief as Ihe Cenlre's exclusive charity partner 3- Humanitarian fundraising CampaIS in PalcsliDe, Yemen, and Syria These efforts enabled the comrnunity to respond collectively to urgent needs. reinfoi'cing the Ccntre's role as both a spit'itual and socially responsible instittition. Key Projects and Services Adrninistratlon Administrative capacity was significantly strengihcned, ensuring thc Ceiitre is wellquipped to support Continued growtli arÉd selvice deliveiy. Key developments included: l- Completion of Inandatory trailllllg for all staff, includllig safeguarding, fiiBt aid, and fil'e marshal cei'tifLcation 2- Rccruitiiient of an Administrator and Fundraising Officcr, enh}cing operational ¢ffi¢i¢ncy alld income developjnent 3- Implementation of HR systems to strengthcn compliancc and governance 4- ThitrodiicLion of new software systems. includiiig automated sign-in pl'ocesses to itnprove safeguai.ding and monitorAng 5- Staff engagement initiatives, including a staff diiiner and weekly football sessions to pl'omote moi'ale and teain cohesion 6- Illvestsnent in professional developmen¢ with two staff members enrollijig in apprentic&ships suppoited by local authority funding Tliese impi'oveinents have created a Jnoi'e structured, compliani and rcsilient administrative fowidation to suppoi'l the Centre's expalldiog services and long-terni sustainability. Academy (Children's ServRces) The KIC Academy experienced significant growth and development in 2025, str¢nEthening its provision of high-quality Islamic education foi. cliildi'en and young people. l- The Acadcmy expanded, reflecting inci'eased delllld from families within tli¢ coll]ll]unity and enabling "cat. access to structured IsIniC learning. A new Hifdh PIDgi"amme was successfully laullched, eni"olling an additional 48 childT¢n and marking an iniportant mtlestonc in the Acad¢my's conunitsnent to Qur'anic memoiisation and excellence. Page 4
Kilbum IslairAiC Centie Ltd oirt of tlie Tiustees foi. the Year Ended 31 Mai'ch 2025 2- Alongside this expansion, the cuiJ"iculum was further developed with a strong emphasis on Qui anic i"eading, fluency, and tajweed, enSing students build confidence. accuiacy, and a dcepci" conllection with the an from au early age. 3- The year concludcd with the successful deliv¢ry of the Summer Gi"aduation Conference, celebrating student achievement, l.ec01811lg progiess, and reinforcillg a culture of aspiration and excellence within the Academy. Througli the.se developments, the KIC Academy Contillu to nurture confident, knowledgeable young Muslims ¢quipped with sts'oiig Qur'anic foundations and positive Islamic character. Women's Servlces The Women's Depaitment has continued to make a significant impact, engaging ovci. 500 woinen aciDs8 a diverse rallgc of spirttual, educational, and social programmes tIOUghoUt the yeai.. Ow. focus on coinmunily building, pei'sonal developmeiit, and spiritual growth has ensuied strong paiticipation and strengllieEied sisterhood, Educational Pi.0mmeS & Courses l- The Crown Confei'ence - Embi'acing Divine Roles.. A highlight of the yeai., celebi'ating women's rol¢s and contributions wilhin tlie community alld pj'oviding inspiration alld learning for all attend¢e.8, QUA an Cll"¢Ke & Pcai"Is of I,ight (bi-weekIy): Ongoing Qur'anic study and spii'itual ejll'ichmeijt foi. women of all ages. 3- Jouiiiey of Light Pro,2me.. StrUCred spiritual learning suppoiting personal growlb and reflection. 4- Peat'ls of Wisdoin (Free Coui'se) and oth. leaining pi'ogrammes including Gai'dell of P¢ace, Peai'ls of Patience, alld Cui'tains of Clarity, offering accessible opportiinities to deepen understanding of Islaiiiic teacliings. 5- Woikshops & Thelnatic LeaL'nillg.' Sessions covering Mallei's of the Heart, The Heai't, Modesty, Hei'oine of Faith, Under Dimension of Prayer, and Ramadan-focused leaining. Soclal Activities The Women's Depaitment also delivered a vaiiety of social and wellbeing tnitiatives to pi'omote connection, health, and community engagement. Monthly Mocha Events piovided regulai. social gathei'lngs for sisteiE to meet, Colect, and supi)ort one another, while picnics and meiital hcalih woi'kshops offered additional oppoi'tunilies for reflection, relaxation, and peraonal wellbeillg. The depaitment fui'ther pi'omoted health aW.¢S through breast cancer workshops, supporting participants, overall wellbcing. Page 5
I(ilbuin Islamic Centre Ltd oit of tlie Trustees foi. the Year Ended 31 March 2025 STRATEGIC REPORT Achievements and pei'foi'rnance Fundraising activities Donation Streams The Cellts'e's fundraisiiig modcl is built around a divei3ified set of streatns: l- Ramad2n Geneial Donation & 27th N17t campaign: Engaging th¢ coJ]]munity durillg the spii'itually sigiiificant montli with accessible giving options including in-pei'soll buckcts and cal'd donations. 2- Direct Debit & subsci-iE)tion siipport: Providing regular, sustainable incomc. 3- Jumu'ah donations., Haniessing congi'egational gcnci'o.sily to support ongoing operations. 4- Biisincss suppoit pai-Inei%hips'. Developing long-tenn institutional i-elationships. 5- Anniial KIC Campaign.. An annual Cenlrc-wide initiative enabling collective resi)onsibility and internal engagement using our u¢tworks to support the centre. Fundraising activity during the year demonstrated steady progress across all key income streams, sti'cngthening the Centre's sustainability and donoi. engagement. Regular giving continued to 'ow, witb inci'eiised uptake iii Dii'cct Debit and subscl'iption-based donations, helpitig to build predictablc aJ)d su8tainablc income. Jutnu'ah donations al.so showed positive momentuin, reflecting the continued generosity and commitment of the congregation. The Annual KIC campaign was successfully produced, generating strong engageinent and Irinforcillg the Centre's vision and ijnpact. Positive donor feedback resulted in continued support fi'om majoi. contributors, wl)ile ongoiug outreacli tiiitiatives helped broaden the Cents'e's dollOI' base. These Sti.ean collectively support the Centre's obje¢tiv¢ of building long-tenn donation capacity, enabling investment into community developinent while progiEssing towards financial siistainability and opei'ational I'esAliencc. ri Inanclal revleiv Financial position The Chai'ity had Inconie from Tuition fees and dollations of £511,479 and total expense of £468,289 in the year. At the ycai. ended 31st Marcli 2025, unrestrieted ndS can'ied foiward weiE £661,169 which is made up of Fix¢d Assets - £650,815 and fl'ee i'eseives £10.354, (2024: £617.979) whiLh is made up of Fixed Assets £645,036 and Fi'e¢ Rcsei'ves - (£27,057). Future plans KIC has id¢ntified the following priorities: l- Progtessing discussioiis to pui'cbase the firehold. transitioning from leasehold owneisbip 2- Inci'easing capacity through a i"¢ai extension 3- Devclopinent of a Head of Operations 4- Finali2ing einployment stiucture with the recruitment of new managers 5- Achieving fllii fjnancial seEf-suffJ¢icncy incl surplus and secui-ity fwids 6- Launch of new depai'ttneiits aimed at providing solutions to the ComtDunity Page 6
Kilbum Islamic Centie Ltd ort of tlie Trustees for the Year Ended 31 Maicli 2025 STRUCTURE, COVERNANCE AND MANAGEMENT Goveriilng document KIC is a conipany limited by guarantee govemed by its Articl of Association. The Board of Trustees provides sts'ategic ovei'sighL with day-to4lay operat£ons delegated to staff alld senior volunteers. Tiijstees meet i'¢gularly to monitor peifonnance, review risks, and ensure compliance with the charily's objectives. All tsustees, staff, and volunteers undergo induction and safeguarding Iraining. Key Personnel: l- Chair.. Rahell Ahmed 2- Trustee., Jubel Uddin 3- Trustee, Jamal Abdinasu. Rtsk management The TISteeS i'egularly review key risks, includillg: l- Financial 8UStainability 2- Safeguai'ding and health & safety 3- Opei'atlOLial dependcncy and capaclty Mitigation measui'es include: l- Regular trainithg 2nd policy reviews 2- Compliance monitoi'Éng 3- Contingency and colltinuity planning 4- Due diligence on partllerships and connected organisalions Page 7
I<ilbum Is]nIC Centre Ltd ReJ)oit of the TISteeS for the Ye. Ended 31 March 2025 REfERENCE AND ADMtNISTRATIVE DETAILS Reglstered Company nuinber 08078275 (England and Wales) Registered Charity number 1149705 Registered office 292/294 Kilburn High Road London NW6 2DB TrusteeslDirectors R U Ahtllcd B N Ahnied- Rcsigned ou l Noveinber 2024 Jamal Abdi- Resigiied on 8 July 2025 J U Alin)¢d - Appointed on l Noveinber 2024 S Shah- Api)oinlcd on 8 July 2025 Independent ExaTniner Anwei. Patel BA (Hoiis), FCA, BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Ssex IG2 6HY Repoi't of the trustees, incorpoi'ating a strategic repoo dpproved by order of the board of tiustees, as the cojnpally directors, on ... ..3.11Q.312Q.2fj............... and signed on the board's behalf by: R U Alimed - Trustee / Director Page 8
Inde endent Exaininevs Re I(ilbuin IsInIC Centie Ltd ort to the Tivste&s of liidependent examiner's report to the tru5tecs of Kilburll Islamlc Centre Ltd (Ithe Company,) I report to the charity trustees on my examination of the accounts of the Compally for the yeai. ended 31 March 2024. Responsibilities and basis of report As tlie chality's trustees of the Compally (2nd also its du"ectors for the pUoseS of company law) you are iesponsible foi. the preparation of th¢ accounls in accordance witli the iequirements of the Companies Act 2006 {'the 2006 Act,). FIaving satisfied myself that the accouiits of ibe Company are not requiied to be audited under Part 16 of the 2006 Act and ai"e eligible for Andependent examination, I repoit in i'espect of my examination of youi. ckiai'ity's accounts as caiyied out lder Section 145 of tbe Cbaritics Act 2011 ('tlie 2011 ACV). In carrying oiit my examination I have followed the Directions given by the Charity Cominission under Section 145(5) (b) of the 20 I I Act. Independent examiner's statement I havc completed Tny examination. I c0nfJn Ihat no mattel's Ive cojne to my altei)tion in conncction with the examination giving me cause to believe: . accounting i'ecords wei'¢ not kept in respect of the Company as iEquired by Section 386 of the 2006 2. die accounts do not accord with those recoiyls. or 3. the accounts do not comply with the accounting rcquirements of Section 396 of tbe 2006 Act other than any i'equit'einent that the accounts giv¢ a true and fair view which is not a inattci. considei'ed as pait of an independent examination. oi" 4. tli¢ accounts have not bccn piepai'ed in accordance with the iDetbods and pi'inciples of the Statement of Recoiiunended Piactice for accounting and reporting by cbarities (applicable to cbaritics prepai-ing thell" accounts in accoi'dance witl) tlie Financial Reporting S(andard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to wliich attention should be di'awii in this i'eport in ol'der to enable a proper understandiiig of tlie accounts to be reaclied. Anwer Patel BA(Hon8), FCA, BFP Tbe Institute of Chai'tered Accountants in England and Wales Prestons & lacksons Partnei'ship LLP 364 - 368 Cranbrook Road IlfoL'd Essex IG2 6HY Date: 31/0312026 Page 9
Kilbuin Islamtc Centre Ltd Statement of Financial Activities foi. tlie Yeai. Elided 31 March 2025 31.3.25 Tolal funds 31.3.24 Total funds Unrestt'icted Restricted fiind fund Notes INCOME AND ENDOWMENTS FROM Donations and legacÈ&s 363,121 363,121 266,540 Charltable activlties Ktc TuÈtion Fees 148J58 148,358 81,563 Total 511,479 511,479 348,103 EXPENDITURE ON Raising funds 36,217 36,217 16,710 Chai'itable actlvllies Adininisli'ative Exp Staff Training 432,072 432,072 357,431 2,284 Total 468,289 468,289 376,425 ET INCOMEI(EXPENDITURE) 43,190 43,190 (28,322) RECONCILIATION OF FUNDS Total funds brougbt forward 617,979 617,979 646,301 TOTAL FUNDS CARIUII D FORWARD 661,169 661,169 617,979 The notes forni part of these fanCIal statements Page 10
l(ilburn Islamic Centre Ltd Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestsicted Restticted fund fund Notcs FIXED ASSETS Taiigibl¢ assets 13 650,815 6SO,815 645,036 CURRENT ASSETS Debtors Cash ill hand 14 34,748 37,094 34,748 37,094 19,478 9,266 71,842 71,842 28,744 CREDITORS Ainounts fallillg due within one year 15 (61,488) (61,488) (51,818) NET CURRENT ASSETS 10,354 10,354 (23,074) TOTAL ASSETS LESS CURREf4T LIABILITIES 661,169 661,169 621,962 CREI DITORS Amounts falling duc after more than one year 16 (3.983) NET ASSETS 661,169 661,169 617,979 FUNDS Unrestricted ndS 19 661,169 617,979 TOTAL FUNDS 661.169 617,979 Tlie cbai'itable company is entitled to cxemptAOn from audit under Section 477 of the Conwanies Act 2006 foi the ye. ended 31 March 2025. The Illembe have not rcquired the company to obtain an audit of its furancial statements for the year ended 31 Mch 2025 in accordance with Section 476 of tlie compani Act 2006, The notes forni pt of these fllwicial statements Pagell contiiiued...
Ililbum Islainic Centi"e Ltd Balance Sheet - continued 31 Maich 2025 The Stee8 acknowledge tlieii. responsibilities for (¢i) ensing that the ch<lL'itable company keeps accounting recoi'ds tl)at comply with Scctions 386 387 of the Companies Ac12006 and (b) pi-epariiig fiiiaiicial staten)ents which give a tnje and faiL- view of the state of affairs of the charitable company as at die end of eacli financial year and of its sluS OL. deficit for cacEi financial ycai. in accoi"dance with the requirements of Sections 394 and 395 and wl)icli odierwise comply with the iequii'eineiits of tlie Coiiipanies Act 2006 relating to fancial staleiiieA)ts, so fai. as applicable to the cliaL'Étable company. The finaiicial statements weie approved by the Bnard of TnL8tees and autlioj'ised for issue on ..3.1/03/2026 . and W.C signed on its behalf by: R U AThed - TLwstee / Director The notes forn] part of these financial staternents Page 12
I(ilbun] Islamic Centt"e Ltd Cash Flow Statement foi. the Yeai. Ended 31 Mai'ch 2025 31.3.25 31.3.24 Notes Cash flows from operaling activities Cash geiiei'ated fi'oin operatÉoi]s Intei-cst paid 87,280 (123) 20,280 (216) Net cash providcd by opeiatillg a¢ttviti&8 87,157 20,064 Cash flows from investing actlvitles Purchas¢ of tangible fixed assets (59,329) (35,071) Nct cash used in investing activities (59,329) (35,071) Change im eash and caslL equlvalents ID the rcpui'ting pei'iod Ca$h and eash equivalents at the beginning of the i'cpoi'ting period 27,828 (15,007) 9,266 24,273 Cash and cash equlvalents at the end of Ilie repoi'ting pei4od 37,094 9,266 The notes fomi part of thesc fmancial statements Page 13
Kilbuin Islamic Centre Ltd Notes to the Cash Flow Statement foi. the Year Ended 31 m'ch 2025 RECONCILIATION OF NET INCOIKEI(EXPENDITURE) TO CASH FLOW FROM OPERATING ACTIVKTIES 31.3.25 31.3.24 Net incomel(expeiiditui'e) for the repoi.ting period (as per the Statement of Flnancial Actlvities) Adjustments foi": Depi'eciation cliai'ges Inteiest paid tncrease in debtoi's Increase in ci'editoi's 43,190 (28.322) 53,549 123 (15,270) 5.688 47,870 216 (19,478) 19,994 Net casli provided by opei'atlons 87,280 20,280 ANALYSIS OF CHANGES IN NET DFBT At 114124 Cash flow At 3113125 Net CAsh Cash at bank and in hand 9,266 27,828 37,094 9,266 27,828 37,094 Debt Debts falling due within l year Debts falliiig due after l year (43,000) (3,983) (2,000) 3,983 (4S,000) (46,983) 1,983 (45,000) Total {37,717) 29,811 {7,906) The notes foiin part of thes¢ financial statements Page 14
I(ilbum Islamic Cents'e Ltd Notes to tlie Financial Statements for tlie Year Ended 31 Mai'ch 2025 ACCOUNTING POLICIES BasRS of preparing the financial statements The financial stat¢m¢nts of the cliaritable comi)any, which is a public benefit entity undei. FRS 102, have been prepai.ed in accordance with the Charities SORP (FRS 102) 'Accounting and Repoiting by Chiirities: Statement of Recominended Practice applicable to chai'ilies prep.Ing their accounts in aCc'danCe witli the Financial Reportiiig Standard applicable in the UK atid Repiiblic of Ireland (FRS 102) (effective I January 2019),, Financial Repoiting Standai'd 102 'The Financial Reporting Standard applicable in the UK alld Republic of Irelalld, and the Companies Act 2006, The financial statejnents have b¢en pl'epared under the histoi'ical cost convention. Income All income is rccognised in the Statement of Financial Activities once the chai'ity has entiilemellt to the funds, it is probable tliat the income will be received and the aiiiount can be ineasured reliably. Expenditure Liabilities are recogniscd as cxpenditure as soon as th¢i'e is a legal or con8tJvclive obligation coinmilling the cliarity to tbat expexiditure, it is probable that a transfei. of economic bcnefAls will be required in settlenient and the amount of the obligation can bc measui'ed rellably. Expenditw'e is accounted for on an a¢¢iuals basis alld bas been classified undel. lieadings that aggregate all cost related to the category. Where costs cannot be directly altributed to particular headings they have been allocated to activitles on a basis consistent with the use of resowtes. Grants offered subject to conditions which ljave not been met at thc year end date arc noted as a commitment but not acciued as expenditure. Tangible fixed assets Depi"eciation is provAded at the following annual rates in order to write off cach asset ovei. its estin)ated useful lif¢. Leaseliold improvcm¢nts are depreciated on a straight-line basis ovej" 20 y¢ar8. Plaiit aad macbinery are depreciated on a straight-line basis over 5 years. Computei Equipments are depreciated at 33.330/0 on cost. Taxatlon The charity is ¢xempt fi'om corporalion lax on its cbaritable activiti¢s. Fund aecounting Unrestricted fLmds can be used in accordance WAth the charitable objectives at th¢ discretion of the stees. Rests'icted funds can only be used foi" particular restricted puiposes within the objects of the challty. Rests'ictions aiise when specified by th¢ donor or when funds are ixised foi paLticulai iests'icted pury)oscs. Page 15 continued.-.
l<ilbuin Islamic Centre Ltd Notes to the Financial Statements - continu¢d foi. the Year Ended 31 March 2025 ACCOUNTING POLICIES - contillued Fund accounting Fuithei. explanatioii of tlie nathre and puipose of each fulld is included in the notes lo the finEuicial statemenL8. Hire purcliase and leaslng cominitments Rentals paid under operating leases are charged to the statement of fmancial activities on straight line basis over the peL'iod of lease. Coiice8sionai'y loans Intei'est frce loans (Icaize Hasna) from the community are accounted for as due within one year. DONATIONS AND LEGACIES 31.3.25 31.3.24 Doiialions Gift aid 363,121 212,272 54,268 363,121 266,540 INCOME f4ROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity KIC Tuition Fee8 Tuition Fees 148,358 81,563 Page 16 continued...
Kilbuin Islamic Cents'e Ltd Notes to the Finallcial Statements - continued foi. the Yeai. Ended 31 Marcli 2025 RAISING TUNDS Raisfing donatlons and Eegacies 31.3.25 31.3.24 Consultants Eveni Cost 29,720 6,497 16,060 650 36,217 16,710 CHARITABLE ACTIVITILS COSTS Support costs (see note 7) Direct Costs Totals Adtninisti"ative Exp 188,015 244,057 432,072 GRANTS PAYABLE 31.3.25 31.3.24 Adtninistrative Exp 68,486 SUPPORT COSTS Governance costs Managcment Finance Totals Administrativ¢ Exp 223,899 433 19,725 244,057 Page 17 continued...
Kilbuin Islamic Centre Ltd Notes to die Fiiiancial Statements - continued for the Yeai. Elided 31 March 2025 NET INCOMEI(EXPENDITURE) et incoin¢/(expenditwt) is stated aftei. chargingl(ci'editing)'. 31.3.25 31.3.24 Depreciation - Oled assets Independcnt Examination 53,550 4,790 48,223 3,750 'rRUSTEES' REMUNERATION AND BENEFIrs Tlierc weA"e no tsustees, remuneratAon or oiher benefjts for tl)e Ye ended 31 Mai'cb 2025 nor foi. the yeai ended 31 Marcb 2024. Trustees expenses Thei'e were no tsustees, expenses paid for the year ended 31 March 2025 nor foi. the yeai. ended 31 Maich 2024. 10. STAFF COSTS 31.3.25 31.3.24 Wages and salaries 129,515 97,843 129,515 97,843 The average monthly number of employees during the ycar was as follows: 31.3.25 23 31.3.24 18 Chai'itablc Adinin and management 27 19 No cinployees received emoluments in excess of £60,1rf)0. Page 18 continiied...
I(ilbum Islamic Centre Ltd Notes to the Financial Statements - continued foi. the Yeai. Ended 31 M'¢h 2025 11. COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL AcfIvITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacie8 263,873 2,667 266,540 Charltable aetivities KIC Yuitioll Fees 81,563 81,563 Total 34S,436 2.667 348,103 EXPENDITURE ON Raisillg fullds 16,710 16,710 Charltable activitles Administrative Exp Staff Training 340,336 2,284 17,095 357,431 2,284 Total 359,330 17,095 376,425 NET INCOMF,I(EXPENDITURE) Transfers betiveen lunds (13,894) (14,428) (14,428) 14,428 (28,322) Net movemenl in funds (28,322) (28,322) RECONCILIATION or FUNDS Total funds brought forward As previously ieported Pi'ioi. year adjustnicnt 21,363 624,938 21,363 624,938 As restated 646.301 646,301 TOTAL FUNDS CARRIED foRWARD 617,979 617,979 Page 19 continued...
KilbuiY] tslamic Centt'e Ltd Notes to tlie Financial Statements - coiitinued fol. die Yeai. Ended 3 1 M'Ch 2025 12. KEY MANAGEMENT PERSONNEL The Key Management Personnel Compris of the Board of Trustees 13. TANGI]JLE FIXED ASSETS Sliort leasehold Plant and machinery Compiiter equipment Totsls COST At l April 2024 Additions 740,152 59,329 61,827 1,060 803,039 59,329 At 31 Marcb 2025 799,481 61,827 1,060 862,368 DEPRECIATION At l Api'il 2024 Chai-ge foi. ycai. 117,165 40,831 40,132 12,365 706 354 158,003 53,550 At 31 March 2025 157,996 52,497 1,060 211,S53 NII T IIOOI< VALtrE At 31 M'Ch 2025 641,485 9,330 650,815 Al 31 Mai'ch 2024 622,987 21,695 354 645,036 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Prepayments 34,748 19,478 Page 20 continued...
K11bn Islainic Centre Ltd Notes to the Financial Stateinents - continued for the Year Ended 3 1 m-ch 2025 15. CREDITORS: AMOUNTS FALLINC DUE WITHIIY ONK YEAR 31.3,25 31.3.24 Bank loans and overdrafts (see note 17) Other loans (see note 17) Trade ci'editors Social security and other taxes Otlier ct'ediloi's Acciued expee$ 3,000 40,000 45,000 4,663 3,285 5,068 3,750 8,540 61,488 51,818 16. CREDITORS: AMOUNTS FALLIIYG DUE AFTER MORE THAN ONE YEAR 31,3.25 31.3.24 Bank loans (see note 17) 3,983 17. LOANS An analysis of th¢ maturity of loans is given below.. 31.3.25 31.3.24 Amounts falling du¢ Wltbin one year on demand.. Bank loans KaLZi Hasana 3,000 40,000 45,000 45,000 43,000 Amounts falling between one and two years: Bank loall8 - 1-2 y¢ar8 3,983 Karzi Hasana are interest &Ee loans fi.om th¢ comtlluDity repayable on request. Page 21 continued...
K11bll Islamic Celltre Ltd Notes to die Financial Statements - continued foi. the Year Ended 31 mai.ch 2025 18. LEASING ACRKEMVNTS Minimum leas¢ pallelltS under non-cancellable operattng Ieases fall due as follows,, 31.3.25 31.3.24 Within one ye Between on¢ and five years 6,240 7,657 13,897 19. MOVEMENT IN FUNDS Net movelneiit in funds At 3113125 At 114124 UnrestYActed funds Geiieral fund 617,979 43,190 661,169 TOTAL FUNDS 617,979 43,190 661,169 Net mov¢meRIl in fijnds, included in th¢ abovc are as follows: Incoming iesourees Resources expended Movement in lld8 Unresti'icted funds Genei'al lld 511,479 (468,289) 43,190 TOTAL FUNDS 511,479 (468,289) 43,190 Page 22 contiiiued...
Icilbum Islamic Centre Ltd Notes to the Financial Stateinents - continiied foi the Yeai Ended 31 Mai'ch 2025 19. MOVEMENT IN FUNDS - contillued Comparattves for moveinent in funds Prior year adjustment Net movement in fimds Ti'ansfeis between funds At 3113124 At 114123 Unrestt'icted funds Genci'al fund 21,363 624,938 (13,894) (14,428) 617,979 Restrlcted funds Restricted fund (14,428) 14,428 TOTAL fi UI¥DS 21,363 624,938 (28,322) 617,979 Comparative net moveinent in nds, included in the above are as follows: Sncoining resources Resow'ces Movement expended Lll funds Uni'esti'icted funds CJeneral fund 345,436 (359,330) (13,894) Restrlcted funds Rests'icted lund 2,667 (17,095) (14,428) TOTAL FUNDS 348,103 (376,425) (28,322) Page 23 coiitinued...
Kilbuin Islamic Centie Ltd Notes to tlie Finallcial Stateinents - continued for tlie Year Ended 31 M'cli 2025 20. RELATED PARTY DISCLOSURES There were no related party transactions for the y¢ar cnded 3 1st March 2025 and 31 st Mai'ch 2024. Page 24
Kilbuni Islamic Centre Ltd Detailed Stateinent of Financial Activities foi. the Yeai. Ended 31 March 2025 31.3.25 31.3.24 INCOMfi AND ENDOWMEIYTS Donations and legacies Donations Gift aid 363,121 212,272 54,268 363,121 266,540 Chai'ltable actlvltles Tuition Fees 148,358 81,563 Total Incomlng resources 511,479 348,103 EXTrENDITURE Raising donations and legacles Consultants Event Cost 29,720 6,497 16,060 650 36,217 16,710 Chai'ltable activltles Wages and salari¢s Contracloi's Ramadan cost Illl cost Donations 129,515 53,005 3,149 2,346 97,843 32,622 68,486 188,015 198,951 Suppoi't costs Management Rates and water Insurance Ligbt and heat Telephone Postage and stationeiy Carried forward 12,513 5,056 9,840 8,413 450 36,272 1,901 3,754 11,639 1,296 I,OL3 19.603 This page does not fomi part of the statutory financial statements Page 25
Kilbuin Islamic C¢ntr¢ Ltd Detailed Statement of Fillancial Activities foi. the Year Ended 31 March 2025 31.3.25 31.3.24 Management Brought foiward Adveitising Educational resources Subsci'iption Equipment Expensed Repairs and maintenance Travelling costs Staff training & welfare Rent Cleanillg Commiinity welfare Scivic¢ fee Depi'eciatioii 36,272 853 8,276 3,319 5,003 23,467 19,603 234 963 2,404 1,022 1,404 880 56,250 15,973 57,473 24,185 6,402 5,100 53,549 47,870 223,899 146,603 Finance Bank chai'ges Bank Èntei'est 310 123 55 216 433 271 Governance costs Ind¢p¢nd¢nt Examination Fccs Otbei. logal & professional Consultancy Fee 4,790 735 14,200 3,750 2,490 7,650 19,72S 13,890 Total i'esowr¢s expended 468,289 376,425 Net lllcomel(expeiiditure) 43,190 (28,322) This page does not forn] part of the statutory financial statements Page 26