CHARITY REGISTRATION NUMBER: 1163032
# **Worksop Islamic Society Trust Financial Statements**
# **31 March 2025**
## **Worksop Islamic Society Trust**
## **Financial Statements**
## **Year ended 31 March 2025**
Trustees' annual report Independent examiner's report to the members Statement of financial activities Statement of financial position Notes to the financial statements
## **Worksop Islamic Society Trust**
## **Trustees’ Annual Report**
## **Year ended 31 March 2025**
The trustees present their report and the financial statements of the charity for the year ended 31 March 2025.
## **Reference and administrative details**
Worksop Islamic Society Trust
1163032 34 Watson Road Worksop S80 2BE United Kingdom
Dr Abdul Rahman El Khatib Dr Anwar Ali Khan Dr Ghulam Muhammad Wattoo Dr Najam Us Saqib Dr Syed Shakil Javed Hashmi Mr Tariq Saadat
## **Governing document**
The Worksop Islamic Society Trust (WIST) is a charitable trust, registered with the Charity Commission under the charity number 1163032. It is controlled by its governing document, the trust deed last updated on the 15[th ] of July 2015.
## **Organisational Structure**
The charity comprises of seven ‘first’ trustees who are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet together as a body on regular basis and are responsible for all decision taken in relation to running the Community facilities and activities provided by the charity. The Office bearers consist of a Chairman, Secretary and Treasurer.
## **Risk Management**
The trustees and office bearers have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against vandalism, fraud and error. The trustees and office bearer are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place and finances of the WIST are kept under review. We shall in future put in place safeguarding policies when we plan to start our activities including education in particular for all those who work with children or other vulnerable groups within the WIST.
## **Objectives and activities**
The aims and objectives of the charity are set out in the charity’s trust deed and are summarized as follows: To advance the Islamic faith in the Worksop area for benefit of the public in particular through the holding of prayer meetings, lectures, the public celebration of religious festivals of the Islamic faith to enlighten other communities.
To advance the education of, and to provide facilities in the interests of social welfare for leisure-time occupation with objectives of improving the conditions of the life for all residents of Worksop and the
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## **Worksop Islamic Society Trust**
**Trustees’ Annual Report**
## **Year ended 31 March 2025**
neighbourhood by the provision, maintenance of the community centre.
## **Achievements and performance**
The achievements of the charity towards our aims and objectives throughout this year are summarised as follows:
The continuation of the refurbishment works of t he building that would be used as the main premise for the charity and be used as both a centre and prayer facility for the community.
Extensive fundraising activities throughout the year to allow for the refurbishment and conversion work to continue.
Planning, surveying and gaining all the necessary permissions for the conversion of the property to a centre and prayer facility.
Engagement exercises with the local community, local authorities and religious groups of all faiths. Completion of the primary construction work on the property in April 2021.
## **Financial review**
The trustees have reviewed the reserves of the charity, currently all of the money held in the bank is unrestricted funds. These funds are held in order to provide for the running costs of the new community centre and primarily the refurbishment works of the property which have started and expected to complete within the next year. The charity aims to hold at least £10,000 in the bank in order to cover the expenses of the assets and guard against unforeseen costs.
The main source of funds are donations from the community in the form of collection boxes and directly, as well as regular donations from members and trustees of the trust.
## **Trustees’ responsibilities statement**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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Worksop Islamic Society Trust
Trustees, Annual Report
Year ended 31 March 2025
The tllLStees are T¢sponsible for keeptng adequate %counting records thai are sutTieieni to show and
explain thc ihariW$ INSaCtiOnS and disLIvb¢ w¢¢h reasonable accuracy at kny tim¢ the fsnanci
J%iiion of the charity and ¢nabl¢ them io ensure Ihat th¢ fin8n¢ial statetnents COTnply witb th¢
hariiies Act 2011. the applicabl¢ Charities IAccounls and Reports) Regulatiozjs. and the provisions of
the Ttust Deed. Thiy arc also responsible foi safeguarding the a%se15 of ihe chartty and h¢nce for
raktng reasonable steps for the preventio* and d¢tectiOEJ of fraud and viber irregularities.
The trusi¢¢s' annyal report was approved on 21 January 2026 sigtted on b¢half of the boanj or
siees by..
TTus¢ee
## **Worksop Islamic Society Trust**
## **Independent Examiner’s Report to the Members of the Worksop Islamic Society Trust**
## **Year ended 31 March 2025**
I report to the trustees on my examination of the accounts of the Worksop Islamic Society Trust for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,:
- the accounting records were not kept in accordance with section 130 of the Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signature:
Date: 21 January 2026
Name: Shoakat Zaman
Relevant professional qualification(s) or body (if any): IFA (Institute of Financial Accountants)
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## **Worksop Islamic Society Trust**
## **Statement of Financial Activities**
## **Year ended 31 March 2025**
|**2025**
Unrestricted
funds
**Note**
**£**
**Income and endowments**
Donations and legacies
**4**
86,106
**Total income**
86,106
**Expenditure**
Expenditure on charitable activities
**5/6**
7,174
**Total expenditure**
7,174
**Net income and net movement in funds**
78,932
**Reconciliation of funds**
Total funds brought forward
486,276
**Total funds carried forward**
565,208|2024
**Total**
**funds**
Total funds
**£**
**£**
86,106
48,321
86,106
48,321
7,174
12,942
7,174
12,942
78,932
35,379
486,276
450,897
565,208
486,276|2024
**Total**
**funds**
Total funds
**£**
**£**
86,106
48,321
86,106
48,321
7,174
12,942
7,174
12,942
78,932
35,379
486,276
450,897
565,208
486,276|
|---|---|---|
|||486,276|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Worksop Islamic Society Trust
ststement of Financial Position
Yearended 31 March 2025
2025
2024
FIMed assets
Tangible fixed assets
Current assets
Cash at bank and in hand
363,804
363,804
201,404
122.471
Creditors: amounts fallln8 due withln one year
io
Net current assets
201404
122 471
Total a55ets less Current liabilltles
Fund5 of the charity
Unrestricted funds
Total charlty funds
565 208
450 897
li
Thes¢ fin&ncial stAtements wer¢ approved by tbe bo*d of trustees and auihorised for issu¢ on 2 1
January 2025. and are si$ned behalf of th¢ board by..
## **Worksop Islamic Society Trust**
## **Notes to the Financial Statements**
## **Year ended 31 March 2025**
## **1. General Information**
The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 34 Watson Road, Worksop, S80 2BE, United Kingdom.
## **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 Charities Act 2011.
## **3. Accounting policies**
The financial statements have been prepared under the historical cost convention.
There are no material uncertainties about the charity's ability to continue.
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.
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.
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## **Worksop Islamic Society Trust**
## **Notes to the Financial Statements** (continued)
## **Year ended 31 March 2025**
- 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.
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, non-charitable 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 are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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.
## **Financial Instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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## **Worksop Islamic Society Trust**
## **Notes to the Financial Statements** (continued)
## **Year ended 31 March 2025**
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## **4. Donations and legacies**
|**nations and legacies**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||**£**|**£**|**£**|**£**|
|**Donations**|||||
|Donations|86,106|86,106|48,321|48,321|
## **5. Expenditure on charitable activities by fund type**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||**£**|**£**|**£**|**£**|
|Support costs|7,174|7,174|12,942|12,942|
## **6. Expenditure on charitable activities by activity type**
|Support
costs
**Total**
£
Governance costs
7,174|**funds**
**2025**
Total funds
2024
**£**
£
7,174
12,942|
|---|---|
## **7. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
|2025|2024|
|---|---|
|£|£|
The average head count of employees during the year was Nil (2025: Nil).
No employee received employee benefits of more than £60,000 during the year (2025: Nil).
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## **Worksop Islamic Society Trust**
## **Notes to the Financial Statements** (continued)
## **Year ended 31 March 2025**
## **8. Trustee remuneration and expenses**
The Trustees did not receive any remuneration and did not charge any expenses during the year 2025 - £Nil (2024 - £Nil).
## **9. Tangible fixed assets**
|Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2025
**10. Creditors: amounts falling due within one year**
Trade creditors
Other creditors|
2025
**£**
-
-
-|Freehold
property
**£**
363,804
0
363,804
-
363,804
363,804
2024
**£**
-
-
-|Freehold
property
**£**
363,804
0
363,804
-
363,804
363,804
2024
**£**
-
-
-|
|---|---|---|---|
|||
|
|
## **11. Analysis of charitable funds Unrestricted funds**
|**Unrestricted funds**|||||||||
|---|---|---|---|---|---|---|---|---|
||||At|||||At|
||1|April|2024|Income|Expenditure|31|March|2025|
|||**£**||**£**|**£**||**£**||
|General funds||486,276||86,106|7,174||565,208||
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