REGISTERED COMPANY NUMBER: CE008445 (England and Wales) REGISTERED CHARITY NUMBER: 1169996
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2025
for
Manchester Islamic Institute
Sterling Partners Limited Chartered Accountants Chartered Tax Advisors 2nd Floor, Grove House 774-780 Wilmslow Road
Didsbury Manchester Greater Manchester M20 2DR
Manchester Islamic Institute
Contents of the Financial Statements for the Year Ended 31 October 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Manchester Islamic Institute
Report of the Trustees
for the Year Ended 31 October 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the religion of Islam in accordance with the principles and tenets of the Shia Ithna Ashari branch of the Muslim faith including the message of monotheism, equality and harmony within England and Wales.
The provision of support in the advancement of education in all matters relating to the Muslim faith through use of its library, book collection and digital resource. The provision of facilities in the interest of social welfare for recreation and leisure-time occupation of persons who are in need by reason of their youth, age, infirmity, disablement, poverty, social or economic circumstances in order to improve their conditions of life.
The provision of a peaceful place to practise the Shia Ithna Ashari faith, offering a suitable meeting point for religious events, celebrations and social gathering.
Public benefit
As a Shia Muslim Centre, we have had a number of religious activities.
We have been performing congregational prayers every day. we have had spiritual gathering every Thursday evening and occasional programs based on the Islamic calendar. we have specifically served believers on the holy month of Ramadan and the first 10 days of Muharram.
FINANCIAL REVIEW
Financial position
We have raised £69,000 worth of donations compared to last years £42,000 and we will continue to grow and help the community around us.
We have also been putting a lot of our donations into program management and have increased our investments into it compared to last year by around £4,500.
With the increase in donations has come with an increase in labour costs and also general overheads.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The organisation is governed by its constitution, which sets out its purpose for the advancement of the religion of Islam in accordance to the principles of the Shia Ithna Ashari branch of the Muslim faith.
Recruitment and appointment of new trustees
Trustees are appointed internally and within the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE008445 (England and Wales)
Registered Charity number
1169996
Registered office
5 Sidney Street Manchester M1 7HB
Page 1
Manchester Islamic Institute
Report of the Trustees
for the Year Ended 31 October 2025
Trustees
Dr A Cheraghi Dr M Salehi Mr S Sekaleshfar
Independent Examiner
Mir Seyed Mokhtassi Sterling Partners Limited Chartered Accountants Chartered Tax Advisors 2nd Floor, Grove House 774-780 Wilmslow Road Didsbury Manchester Greater Manchester M20 2DR
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Dr A Cheraghi - Trustee
Page 2
Independent Examiner's Report to the Trustees of Manchester Islamic Institute
Independent examiner's report to the trustees of Manchester Islamic Institute ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mir Seyed Mokhtassi The Institute of Chartered Accountants in England and Wales
Sterling Partners Limited Chartered Accountants Chartered Tax Advisors 2nd Floor, Grove House 774-780 Wilmslow Road Didsbury Manchester Greater Manchester M20 2DR
Date: .............................................
Page 3
Manchester Islamic Institute
Statement of Financial Activities
for the Year Ended 31 October 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 69,170 EXPENDITURE ON Raising funds 2 67,146 NET INCOME/(EXPENDITURE) 2,024 RECONCILIATION OF FUNDS Total funds brought forward (1,804) TOTAL FUNDS CARRIED FORWARD 220 |
2024 Total funds £ 42,658 46,213 (3,555) 1,751 (1,804) |
|---|---|
The notes form part of these financial statements
Page 4
Manchester Islamic Institute
Balance Sheet
31 October 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 5 | 191 | - |
| Cash at bank | 479 | 2,959 | |
| CREDITORS | 670 | 2,959 | |
| Amounts falling due within one year | 6 | (450) | (4,763) |
| NET CURRENT ASSETS/(LIABILITIES) | 220 | (1,804) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 220 | (1,804) | |
| NET ASSETS/(LIABILITIES) | 220 | (1,804) | |
| FUNDS | 7 | ||
| Unrestricted funds | 220 | (1,804) | |
| TOTAL FUNDS | 220 | (1,804) | |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Dr A Cheraghi - Trustee
The notes form part of these financial statements
Page 5
Manchester Islamic Institute
Notes to the Financial Statements for the Year Ended 31 October 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Support costs | 67,146 | 46,213 |
continued...
Page 6
Manchester Islamic Institute
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There are no remuneration or benefits for the trustees this year.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other tax Pension payable |
Unrestricted fund £ 42,658 46,213 (3,555) 1,751 (1,804) 2025 2024 £ £ 183 - 8 - 191 - |
|---|---|
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
Page 7
Manchester Islamic Institute
Notes to the Financial Statements - continued
for the Year Ended 31 October 2025
==> picture [474 x 685] intentionally omitted <==
----- Start of picture text -----
|||||
|---|---|---|---|
|6.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|2025|2024|
|£|£|
|Social security and other taxes|-|43|
|Trustee loan|-|4,000|
|Accrued expenses|450|720|
|450|4,763|
|7.|MOVEMENT IN FUNDS|
|Net|
|At|movement|At|
|1.11.24|in funds|31.10.25|
|£|£|£|
|Unrestricted funds|
|General fund|(1,804)|2,024|220|
|TOTAL FUNDS|(1,804)|2,024|220|
|Net movement in funds, included in the above are as follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted funds|
|General fund|69,170|(67,146)|2,024|
|TOTAL FUNDS|69,170|(67,146)|2,024|
|Comparatives for movement in funds|
|Net|
|At|movement|At|
|1.11.23|in funds|31.10.24|
|£|£|£|
|Unrestricted funds|
|General fund|1,751|(3,555)|(1,804)|
|TOTAL FUNDS|1,751|(3,555)|(1,804)|
|Comparative net movement in funds, included in the above are as follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted funds|
|General fund|42,658|(46,213)|(3,555)|
|TOTAL FUNDS|42,658|(46,213)|(3,555)|
----- End of picture text -----
continued...
Page 8
Manchester Islamic Institute
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.11.23 | in funds | 31.10.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,751 | (1,531) | 220 |
| TOTAL FUNDS | 1,751 | (1,531) | 220 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 111,828 (113,359) |
(1,531) |
| TOTAL FUNDS | 111,828 (113,359) |
(1,531) |
8. RELATED PARTY DISCLOSURES
During the year, the trustee loaned amount of £10,450 became recognised as a donation. Also, as per constitutional requirements, pending wages of £18,594 from working trustees were recognised as donations too.
Page 9
Manchester Islamic Institute
Detailed Statement of Financial Activities for the Year Ended 31 October 2025
| Detailed Statement of Financial Activities for the Year Ended 31 October 2025 |
|
|---|---|
| 2025 2024 |
|
| £ £ |
|
| INCOME AND ENDOWMENTS | |
| Donations and legacies | |
| Donations | 69,170 42,658 |
| Total incoming resources | 69,170 42,658 |
| EXPENDITURE | |
| Support costs | |
| Management | |
| Trustees' salaries | 21,672 14,536 |
| Trustees' pensions paid | 399 160 |
| Insurance | 2,432 - |
| Utilities & safety | 9,918 6,195 |
| Administration | 196 108 |
| Program management | 22,725 18,160 |
| Legal fees | 6,357 4,000 |
| Finance | 63,699 43,159 |
| Accountancy | 90 720 |
| Information technology | |
| Building / maintenance | 3,358 2,327 |
| Other | |
| HMRC interest | (1) 7 |
| Total resources expended | 67,146 46,213 |
| Net income/(expenditure) | 2,024 (3,555) |
This page does not form part of the statutory financial statements
Page 10