COMPANY REGISTRATION NUMBER: CE010562 CHARITY REGISTRATION NUMBER: 1172035 AL-Ikhlas Culture and Education Centre Unaudited Financial Statements For the year ended 31 March 2025 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU
AL-Ikhlas Culture and Education Centre Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account} Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 14 Notes to the detailed statement of financial activities 15
AL-Ikhlas Culture and Education Centre Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative detsils Registered charity name AL-Ikhlas Culture and Education Centre Charity registration number 1172035 Company registratlon number CE010562 Principal office and registered 16 Bayside Road offlce Cardiff CF24 SNA UK The trustees Mr A Taha Mr A A Jalal Independent examiner SAK2020 Ltd. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Objectives and activities To providing and support Islamic education through the study of the Quran anol Arabic language., To providing facilities for regular prayer meetings for the Musllm community., To fosler interfaith relationships and promoting religious harmony in Cardiff and the surrounding area by working in partnership wilh other faiths. To provide assistsnce to those in need through Islamic counselling and dispute resolution, To provide support to young people through means such as leisure time activities, conducted with a religious elhos in order to develop their capabilities. Aims The ultimate aim of Al-lkhlas cent is to bring about wider religious and social benefits. It is to prevent any social, psychological or physical harm to our members, their community and wider society. We strive to provide a moderate yet continuous Islamic environment for the Muslim community, particularly in Adamsdown, We also aim to contribute towards portraying a peaceful image of Islam in the city of Cardiff based on our guiding principles. We aim to ensure that our services are delivered tc very high standards and with professionalism. Therefore, our weekly Glasses, regular activities and after school Qur'an club for children are planned, prepared and delivered to a high standard of teaching. We aim to expand and improve our newly established youth club. This will encourage the youth to integrate and occupy themselves in an environment that will protect and guide them.
AL-Ikhlas Culture and Education Centre Trustees, Annual Report (continued) Year ended 31 March 2025 Achlevements and perfonnance Al-lkhlas Centre wa5 established to fijlfil the growing demand for education classes. a Friday and Ramadhan activities space, and other culturallrelig ious activities in the area that lacks the presence of such an Islamic community centre. We seek to create a God Almighty centric, spiritually balanced, peaceful and prosperous Cardiff, where all communities respect each other and work together for the common good. Al-lkhlas Centre is close to a burgeoning asylum seeker community and a recent refugee comrnunity. The improvement work at 88 and 90 Broadway is completed. Interfaith & Communit Connections Al-lkhlas Centre arranged 12 visits from schools, neighbors and organizalions lo promote mulual respect and cross-cultural leaning. Centre hosted inclusive events, attended by local officials, police and faith leaders especially during community gathering s like Ramadan Iftar. Dail Food Su ort Al-lkhlas Centre served nutritious meals to 2330 individuals, including refugees, low-incom8 households and people experiencing homelessness. During Ramadan, Alikhlas Centre shared over 7860 Iftar Meals, welcoming everyone to experience the spirit of togetherness. Centre provided 2640 food hampers 81ong with emotional and wellbeing support for indNidu8ls and families facing hardship. Women's Em owerment Al-lkhlas Centre held 56 women-led sessions supporting education, wellbeing, spiritual growth and community voice. Centre also delivered 106 educational sessions open to all interested in learning about faith values and civic responsibility. Most importantly Centre provided help to children for learning QARAN and Arabic language. Celebrations & Life Events It is worth mentioning that the Cenlre supported and allowed 8 weddings and 74 bereavement gatherings, honoring life's milestone with care and compassion. Imam & Teacher Imam Ali Ahmed, who departed Al-lklas Centre early last year and joined an Islamic Centre in Leeds, agreed to come back and joined Al-lkhlas Cenlre again in March 2025. The worships and Trustees are pleased and thankful to him. His services to the Centre, when Centre was being built, are acknowledged and appreciated. In this regard efforts of the Chairman Trustee Ahrned Taha have played a curial role, and Board of Trustee appreciate his efforts. Plans for future perlods Trustees are planning, depending on the availability of funds, either to improve 92 Broadway by renovating the existing building or to demolition and rebuild a new structure that merges with 88 and 90 Broadway. This will increase the prayer space and will allow us to add more classrooms and youth zones. Centre will start to organize youth leadership program for men and women and provide accessible childcare during events. Truslees are considering hosting more open days, expanding school visits and collaborative events with local organizations, expanding food bank operalion, refugee support and mental health care support.
AL-Ikhlas Culture and Education Centre Trustees. Annual Report (continued) Year ended 31 March 2025 Digital Midia Policy is being drafted, and planning is underway to launch mobile-friendly website soon. In the light of an unpleasant incident that occurred in the very near past, trustees are very mindful enhancing bu ild ing security lo prevent similar incidents occurring in the future. Srnall company provislons This report has been prepared in accordance with the provisions applicable to companies entitled to the small cornpanies exemption. trustees by: MrA Taha Trustee Mr A A Jalal Trustee
AL-Ikhlas Culture and Education Centre Independent Examiner's Report to the Trustees of AL-Ikhlas Culture and Education Centre Year ended 31 March 2025 We report to the trustees on our examination of the financial statements of AL-Ikhlas Culture and Education Centre {'the charity,) for the year ended 31 March 2025. Responsibillties and basis of report As the charity's trustees you are responsible for Ihe preparation of the accounts. The charity'5 trustees consider an aud il is not required for this year (under s43 (31 of the Charities Acl 1993 (the Act). It is our responsibility to.. 1. Examine the accounts (under s43 (3) (al of the 1993 Act) 2. Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 43 {7) (b) of the Act, and 3. to state whether particular matters have come to our attention. Having satisfied ourselves that Ihe charity is not subject to audit under company law and is eligible for inclependent examination, it is our responsibility to.. ' examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in Ihe general Directions given by the Charity Commission under section 14515){b) of the 2011 Act. and to state whether particular matters have come to our attention. Independent examiner's statement We have completed our examination. We confirm that no matters have corne to our attention in connection with the examination giving us cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the fin8nclal statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a 'true and fair, vlew which is nol a matter considered as part of an independent examination., or the financial slatements have not been prepared in accordance wilh 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 Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)- We hav8 no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. r/4 Af 10 2&)2 ndependent Examiner SAK2020 LTD. Chartered Certified Accountsnts Broadway House Broadway Cardiff CF24 1PU
AL-Ikhlas Culture and Education Centre Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations 8nd legacies Totsl income 114,300 114,300 138,177 114,300 114,300 138,177 Expenditure Expenditure on raising funds.. Costs of raising donations and legacie5 Expenditure on charitable activities Total expenditure 10,136 67,080 10,136 67,080 77,216 58,310 58,310 77,216 Net income and net movement In funds 37,084 37,084 79,867 Reconclliation of funds Total funds brought forward Total funds Carried forward 1,209,587 1,246,671 1,209,587 1,246,671 1,129,720 1,209,587 The statement of flnancial activities includes all gains and losses recognised in the year. All income and expendlture derive from continuing activities. The notss on pages 7 to 12 forni part of these financial statements.
AL-Ikhlas Culture and Education Centre Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 10 1,146,508 1,154,161 Current assets Cash at bank and in hand 121,163 77,231 Net current assets 121,163 1,267,671 77,231 Total assets less current liabilities 1,231,392 Creditors: amounts falling due after more than one year Net assets 11 21,000 21,805 1,246,671 1,209,587 Funds of the charity U nrestriGted funds 1,246,S71 1,209,587 Total charity funds 13 1,246,671 1,209,587 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Trustees, respDnsibilities'. 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 trustees acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and the prep8ralion 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 statemenls were approved by the board of trustees and authorised for issue on .os/.p.S./.>025.... .. , and are signed on behalf of the board by,, Mr A Taha Trustee MrA AJalal Trustee The notes on pages 7 to 12 fomi part of these financial statements.
AL-Ikhlas Culture and Education Centre Notes to the Financial Statements Year ended 31 March 2025 ststement of compliance These financial statements have been prepared in Complian 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 IFRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. 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 al fair value through income or expenditur8. The financial statements are prepared in sterling, which is the functional currency of the enlity. Going concern There are no material uncertainties about the charity's ability to Gontinue. 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 unreslricted 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 sub-classes., restricted income fijnds or endowment funds. Incoming resources All incoming resour5 are included in the stalement of financial aclivities when entitlemenl has passed lo the charity- il is probable that the economic benefits associated with the transaction will ftow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from éonations or grants is recognised when there is evidence of enlitlement to the gift, receipi is probable and ils amount can be measured reliably. legacy income is recognised when receipt is prob2ble 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 arnounts are included for the contribution of general volunteers. income from Contracts for the supply of serViS 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.
AL-Ikhlas Culture and Education Centre Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies fcontlnued) 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 ststement of financial activities to which it relates.. expenditure on raising fijnds 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 charily in undertaking activities that fvrther 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 expendilure 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 thal activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently staled at cosl less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amounl 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 ha5 previously been recognised as expendilure within the statement of financial activities. A decrease in the carrying arnount of an asset as a result of revaluation, is recognised in olher 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 Ihe statement of financial activities. Depreciation Depreciation is calculated so as to write off the cosl or valualion of an asset, less its residual value, over the useful economic life of that asset as follows: Impalrment of flxed 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 dale. 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 cash-generating 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 cther assets or groups of assets.
AL-Ikhlas Culture and Education Centre Notes to the Financial Statements (conlinued) Year ended 31 March 2025 Accounting policies {contlnued) Impalrment of f ixed assets (continued) For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of Ihe cash-generaling 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. 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 ceIvable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or roceived and not discounted. Debt instruments are subsequently measured at amortised cost. ere investments in shares are publicly traded or Iheir fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair valua recognised in income and expenditure. All other such investments are subsequently measured at cost less impaiment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payrnent for an assel is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at 8 market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instrumenls in 8 designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date, If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of Significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar cred it risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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.
AL-Ikhlas Culture and Education Centre Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accounting policies (contlnued) Defined contribution plans (continued) 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 presenl value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Donations and legacies Unrestricted Total Funds Unrestricled Total Funds Funds 2025 Funds 2024 Donations Donations Fee ieceived Gift Aid Grant received 89,952 7,740 12,108 4,500 114,300 89,952 7.740 12,108 4,500 125,879 125,879 12,298 12,298 114,300 138,177 138,177 Costs of raising donatlons and legacles Unrestrlcted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of raising donations and legacies- Donations 10,136 10,136 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Activity type 1 67,080 67,080 58,310 58,310 Expenditure on charitable activities by activity type Activities undertaken Total funds directly 2025 Total fund 2024 Activity type 1 67,080 67,080 58,310 10
AL-Ikhlas Culture and Education Centre Notes to the Financial Statements (continued) Year ended 31 March 2025 Net income Net income is stated after chargingl(crediting)'. 2025 2024 Depreciation of tsngible fixed assets 7,653 9,566 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 21,076 4,121 1,500 16,342 256 26,697 16,598 The average head count of employees during the year was Nil {2024'. Nil). No employee received employee benefils of more than £60,000 during the year12024'. Nil). 10. Tangible fixed assets Freehold Fixtures and propety fittings Total Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 1,115,895 59,451 1,175,346 21,185 7,653 21,185 7,653 28,838 28,838 Carrying amount At 31 March 2025 1,115,895 1,115,895 30,613 38,268 1,146,508 At 31 March 2024 1,154,161 11. Creditors: amounts falllng due after more than one year 2025 2024 Ka e Hassana 21,000 21.805 12. 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 £1,500 (2024.. £Nil). 11
AL-Ikhlas Culture and Education Centre Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 13. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 1,209,587 114,300 (77.216) 1,246,671 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 1,129,720 138,177 158,310) 1,209,587 12
AL-Ikhlas Culture and Education Centre Management Information Year ended 31 March 2025 The following pages do not form part of the flnanclal statements. 13
AL-Ikhlas Culture and Education Centre Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations and legacies Donations Fee received Gift Aid Grant received 89,952 7,740 12,108 4,500 125.879 12,298 114,300 138,177 Total income 114,300 138,177 Expenditure Costs of raising donations and legacies Wages and salaries 10,136 Expenditure on charltable actlvltles Volunteer Expense Bank Charges Sub-contractors Rates & Water Lighl & Heat Repairs & maintenance Insurance Food Expense (Feeding Refugees) Service Charge Donation I Zakat Telephone & Internet Depreciation Ramadan Iftar Printing, Stationery & Postage Sundry Expenses Cleaning and Refuse 10,940 4,121 1,500 2,443 2,681 10,753 1,413 6,494 480 3,033 696 7,653 13,122 164 715 872 16,342 256 2,641 {4.306) 931 1,213 5,816 189 9,932 600 9,566 13,553 125 737 715 67,080 58,310 Total expenditure 77,216 58,310 Net Income 37,084 79,867 14
AL-Ikhlas Culture and Education Centre Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Costs of raising donations and legacies Costs of ralsing donations and legacies - Donations Wages and salaries 10,136 Costs of raislng donatlons and legacies 10,136 Expenditure on charitable activities Activity type 1 Activities und8rtaken directly Volunteer Expense Bank Charges Sub-contractors Rates & Water Light & Heat Repairs & maintenance Insurance Food Expense (Feeding Refugees) Service Charge Donation I Zakat Telephone & Internet Depreciation Ramadan Iftar Printing, Stationery & Postage Sundry Expenses Cleaning and RefiJ5e 10,940 4,121 1,500 2,443 2,681 10,753 1,413 6,4g4 480 3,033 696 7,653 13,122 164 715 872 16,342 256 2,641 (4,306) 931 1,213 5,816 189 9,932 600 9,566 13,553 125 737 715 67,080 58,310 Expenditure on charltable activities 67,080 58,310 15