Charity Dumber: 1180757 The Milton Keynes Islamic and Cultural Association CIO Trustees, report and financial statements for the year ended 31 October 2025 The Milton Keynes Islamic and Cullural Association CIO Contents Page L£gal and administrarive information Twstees report Independent examiners, ieport Statetnent of financial activities Balance sheet Notes to the financial stateTnents 7- Ilb The Milton Keynes Islamic and Cultural Association CIO Legal and administrative information Charity number 1180757 Businoss address Al-Rawdha 401 South Row, Central Mil￿￿ Keynes MK9 2PG Registered office 7 Weybourne Road Broughton Milton Keynes MKIO 9ND T￿￿tee5 Mr Idris Abdinasir Mr Bishar Khamis Adan Mr Ibrahim Abdulahi Abdiqadir Mr Mohamed Ali Wadad Mr Ahn￿d Sheikh Has5an Khalif Mr Farh&qn Muhamed Awas Mr Ali Ahrned Jama Accountants RUS Chartered Accountants 1190a-1192 Stratford Road Hall Green Birmingham B28 8AB Papp I The Milton Keynes Islamic and Cultural Assoeiation CIO Report of the trustees for the year ended 31 October 2025 The trustees preseni iheir report and the financial siarements for the year ended 31 October 2￿5. The trustees who served dllriTrg the year and up to the date of this report are set out on page l. Structurey governance and management G()vérniptg Di)ciiM¢ni The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. OrgL7nisatEonal Struciure The Charity has a n￿￿agement conunittee who has overall control and responsibiliiy for policy and major decision making and all members of the cOmmit￿e are trusiees. Dad to day matjagement and responsibiliiy for implenting policies is carried out by the irusiees on a voluntary basis. Membership of conunittee is open to ail individuals over 18 years of age who are approved by the trustees. The trllstees ubt accept applicaiitsns for rneTnbeiship unless they cortsider thai it would be in the best inierers of the chariry ts) refuse the applicaiion. Risk ManL7gement The truste55 have a duty to identify atkd review the tisks to which the ctwity is exposed and to ensure appropriate conrrols are in place to provide reasonable assurance against fraud and error. Objectives and activities ObjeLtives Uims The principle objeciives of the charity are as follows.. The advancement of the Islamic religion in Milion Keynes and in parttcular the provision of facilities for a masjid, ceremonies, Muslirn lestivals and n￿ra$Sa. The advanc¢Tnent of education of persons of the Muslim faith resident in Milion Keynes: To provide and assist in the provision of facilities for prayer, recreation and leisure time occupation of member5 of the muslim communiiy ill the interest of social welfare and with the objective of irnproving their condition of life.. and: Such other clwitable puq>05es to benefit the Muslirn5 in Milton Keynes area and the wider Muslim communiry as their tn￿ree8 in their absoluie discreiion think fil. Volunieers The Ctwity relies on the unpaid work of the trustees io further il's objectives. Achievements and perforniance The Charity's biggest achievement was the purchase of the building. Al- Rawdha 401 South Row thai is now a very popular Mosque and Education Centre. Financial review The incoming resources were £342,58?for the year ended 3Jst Oclober 2024 and rhese were higher th¢7n the lasi year (2023 - £241.4361. The ()utguinx resources ¢oiull¢d £130,851 c'ompured to the las1)ears (2023 - £84,47JI. PAWe 2 The Milton Keyne8 Islamic and Culthrgl Association CIO Report of the trnstees for the year ended 31 October 2025 Statement of trustee8' responslbilitles The tnjstees are responsible lor prepaTing the Trns*es' Amwal Report aud the f￿￿￿12] statem￿ts in a￿OrdanCe with applicable taw and Unitd KiTJgdomA¢counting StaE]dards (Ullited Kingdorn Gelkrally Accepted Accounting Practice). Law applicable to charities in England and Wa]es requires the trustees to prepa￿ financial sthtements for each flnancial year which give a rrne and fair view of charity ar￿ of the incoming resources and application of resources of the charity foi thai year. In preparing these fman¢ia] statements the trustees att required to: select suirable accounting policies and then apply them consistently,. obseThTe the r¢th¢)ds and principles in the Charities SORP; make1udgell￿llts and estimates th&t are reasonable and pn￿ellL state whet￿r app]i¢able UK Accounting Standttrds have been followed. subject to any material deparrures disclosed and explained it) the financial ststements., and prepare the [￿ancIal stateffients on the going concern basis unles5 Ét is inappropriate to presume that the chariry will continlle xn operation. The trustees ate responsible for keeping proper accollnung re￿rdS which dis¢lose with reasonable a¢¢uracy at any time the finan¢ial posiuofi of the charity and enable theyll to en8ure that the finan¢Aal statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) R¢gulations 2(X)8. They a￿ also iesponsible for safeguarding the assets of the Charity and hence for taking re&80nable SWS for the prevention alld detection of fraud and other On behlf of the board Mr Idris Abdinasir Trnstee Date .. IJ L Pavp..1 The Milton Keynes Islamic and Cultural Association CIO Independent examiner's report to the trustees on the unaudited financial statements of The Milton Keynes Islamic and Cultural Association CIO. I report on th¢ wollnts of The Milton Keynes Islatnic and Cllltllral AssociatiOD CIO for ihe year ended 31 (kiobei 2025 sei out on pages 2 10 10. Respective responsibilities of trustees and independent examiner As the charity's trusiees you are responsible for the preparation of the acctsunts. you consider that the audit requiremeni of seciion 4312} of the Charitie% Act 1993 (the Act). a8 amended by.%ection 28 of the Charities Aci 2006 does not apply and that an independent examination is needed. It is tny responbibility to exatnine the accounts under section 4313}la} of Ihe ACL as amended,. to follow the procedures laid down in ihe General Directions given by (he Charity Con]mission U[￿er section 43(7llbl of the Act, as amended. and to Sta￿ whether particular matter5 have come to my attention. Basis of independent examiner's statement My examination wa% Ca￿led out in accordance with the General Directions given by ihe Charity Commission. examination includes a review of ihe accounting records kept by the charily and a cotnparison of the accounts presented with those records. It also include5 C0115ideration of any unusual items or disclosures in the accounis, and seeking explanations from you as Irusiees concerning any such mattrrs. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fail view, and ihe report is limited io those matters set Oul in the statement below. Independent examiner's statement In connection wilh my examination. no matter has come io my aiienuon.. li) which give5 tne reasonable cause to believe that in any n￿terial respect the requirements.. to keep proper accounting records in accordance with section 41 of the Act,. and io prepare accounis which accord with the accounting records and to comply with the accounting reqlliTemenrs of the Act have not been mel- or li1} to which, in my opinion, aiteniion should be drawn in order io enable a proper understanding of the accounts to be reached. Charte￿dA(CO￿￿trTrts 1190A-I 194 Stratford Road Birmingham B28 8AB +44 (01 121 777 1200 infoQrus.co.uk www.rus.co.uk Mr Raza Samar FCA ICAEW 1190a-1192 Stra￿Ord Road Hall Green Birmingham B28 8AB The Milton Keynes Islamic and Cultural Association CIO Statement of financial activities For the year ended 31 October 2025 Unrestriettd RestriLted Endowmettt funds funds funds 2025 Totsl 2024 Total Notes Incoming resources Incoming resources from generdting funds.. Voluntary income 409,432 409,432 342,582 Total incoming resourtes 409,432 409,432 342.582 Resources expended Staff Costs Establishment costs Accountancy fees L£gal and professional fees Training costs Event cosrs Cotnmunications and IT Other office expenses 52,026 33,376 1,200 240 52,026 33,376 1,200 240 50.512 51.475 1.200 1,398 287 8.9?8 566 2,079 3.147 1.845 5.036 4,378 6,210 638 1,561 5,018 1,476 6.374 2,458 6,210 638 ,561 5,018 1,476 6,374 2,458 Depreciation and impairment Bank charges Cl&qning Total resources expended 110,576 110,576 130,851 Toial funds brollght forward 631,416 722,110 1,353.531 1,141,8(X) Total funds carried forward 930,272 722.110 1,652,387 ,353,531 The notes on pages 7 to 10 forni an integral part of th￿C financia] statements. The Milton Keynes Islamic and Cultural Association CIO Balance sheet as at 31 October 2025 202S 2024 Notes Fixed assets Tangible assers Current assets Cash at bafjk and in hand 1.438,201 1,228,177 464,986 376,221 464,986 376.221 Credltors". 2mounts falling due within one year {250,800) 1250,867) Net current assets 214,186 125.354 Net assets 1,652387 1,353,531 Funds Elldow]nent funds Restricted Incon￿ fim(Ls'. Unrestricted incoll￿ funds 722.110 722,110 930.272 631,416 Total fwids 1,652,387 1,353,531 The fJn8ncial statments were approved by the tru$12es signed its behalf by .' Mr Idris Abdinaslr Trustee The notes on pages 7 to 10 forni an integral part of thefje financial statelnents. PAWP 6 The Milton Keynes Islamic and Cultural Association CIO Notes to financial statements for the year ended 31 October 2025 Accounting policies The principal accounting policies are summatised below. The accounting policies have been applied consisiently throughout the year and the preceding year. 1.1. Basis of accounting The financial staietnent8 are prepared under the hi8torical cosi convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Chatities ISORP FRS 1021 and the chariiies acr 2011. 1.2. Incoming resources All incorning resources are included in the sraiement of financial activitie5 when the charsty is entitled to the income and the amtsunt can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of grants. donations and gifts and is included in ￿11 in the statement of fjnancial activities when receivable. Grants where entitlement is noi condiiional on the delivery of a specific perforniance by the charity, are recognised when the charity becomes unconditionally entitled lo the grant. Donated services and facilitses are included ai the value to the chatity where thts can be qllantified. The value of 8ervices provided by volunteers has not been included. Gifts donated for resale are Rncluded a5 incorning resources within aciiviiies for generating funds when they are sold. 1.3. Rosources expended Expenditure is recognised on an accrual basi5 as a liability 15 incurred. Expendi(ure includes ony VAT which Ca[￿0t be fully recovered, atEd is reported as part of the expenditure to which ir rela￿$. Cosis of generaiing funds comprise Ihe costs associated wilh attracting voluntary incon￿ and the costs of trading for fundraising purposes including the charity's Shop. Charitable expenth'ture comprise5 those costs incurred by the charity in the de￿Very of its aetivities and services for ifs beneficiaties. It includes both costs ibat be allocated directly to such a¢(ivities alld those costs of an indirect nature Decessary to support them. 1.4. ReseArch and development Research expenditure is written off io the profit and 1055 accourit in the year in whi¢h ir is incurred. 1.5. Tangible r￿ed assets and depreciation Tangible fixed a55et5 are stated at Cost less accutnulated depreciation. Depreciation is provided ar rares calculatrd (o wriie off the cost less residu￿ value of each assei over its expecied useful life, as follows.. Land and buildings Fixtllres. fLttings and equipTnent Noi depreciated as maintained tts a good standard 20% reducing balance The Milton Keynes Islamic and Cultural Association CIO Notes to financial statements for the year ended 31 October 2025 Voluntary income Unrestrictrd funds 2025 Total 2024 Totsl Donations Zakat Fitar 409,432 409,432 342.582 Employees Employment costs 2025 2024 Wages and salaties 52,026 50.512 No employte received emoluments of more than £60,OIXk12024 . None). Number of employees The average monihly numbers of employees (including the trustees) during the year, calculated on the basis of full lime equivalents, was as follows.. 2025 Number 2024 Number Employees Land and Fixtur buildings fittings and freehold equipment Tanglble fL¥ed assets Total Cost Ai l November 2024 Additians 1,220,795 211,500 14.647 1,235,442 211,500 At 31 October 2025 1,432,295 L4.647 1,446,942 Depreeiation At l November 2024 Charge for the year 7,265 1,476 7,265 1,476 At 31 O¢iober 2025 8,741 8,741 Net book values At 31 October 2025 1,432.295 5,906 1.438,201 At 31 October 2021 1,220,795 7,382 1.228,177 The Milton Keynes Islamic and Cultural Association CIO Notes to financial statements for the year ended 31 October 2025 Creditors: amounts falling due within one year 2025 2024 Amounts owed to group undenakings Other taxes and social securiiy Accruals and deferred income 249,6(K) 249,6(Kl 67 1,200 1,2 250,800 250,867 Analysis of net assets between funds Unrestricted Restricted Endowment funds funds runds Total funds Fund balances at 31 October 2025 as represented by.. Tangible fjxed assets CLurent assets Current liabilitieb 716.091 464,981 {250,8001 722,I10 1,438,201 464,986 {250,8001 930,272 722,110 1.652.387 Unrestricted funds At At 31 Oct 2025 01 Nov 2024 Incoming Outgoing resources resources 631,416 409,432 1110.576) 930,272 Restricted funds At At 01 Nov 2024 31 Oet 2025 Funeral Funds Endowmen¢ funds At 01 Nov 2024 At IncoTning Outgoing resources resources 31 Oct 2025 Freehold property 722.110 722,110 The Milton Keynes Islamic and Cultural Association CIO Notes to financial statements for the year ended 31 October 2025 io. Related party transactions There were no iransac(ions recorded with the related cl￿rItY 'The Milton Keynes and Cultural Association" during the y¢ar. Pg0• ln The Milton Keynes Islamic and Cultural Association CIO The folloiving pages do not forn] part of the statutory aceounts. The Milton Keynes Islamic and Cultural Association CIO Detailed statement of f￿ancial activities For the year ended 31 October 2025 2025 2024 Incomlng resources Incoming resources from generating lunds: Volunlory tAcome Donations 409,432 342,582 Total incoming resources 409,432 342,582 Resources expended Costs of generating funds: Cost of generating voluntary income Donation5 Donat20ns- Staff - Wages and salaries Donations- Establishment- Light & heat Donations- Establishtnent- Repairs & maintenan¢¢ Donations- Esrablishmeni- Insurance Donations- Cotnpuier cos Donations- Event costs Donations- Training Donatsons- Professional - Accountsn¢y fees Donations- Professional- Book-keeping services Donations- Advert Donations- Office- Telephone exp¢nses Donatsons- Firelsecuriiy Donations- Rates Bank ciwg¢s Cleaning 52,026 21,694 10,496 1,186 638 6,210 50,512 18,795 31.538 1,142 566 8.928 287 1,21)0 225 1.173 1,661 418 3,147 5,036 4,378 1,21)0 240 1,559 5.018 6.374 2.458 109.099 129.(X)6 Govern(7rsce Costs Depreciation & impairnieni 1.477 1,845 1.477 1,845 Total costs of generating funds 110.576 130,851 Net incomingl{outgoRng) resources for the year 298.856 211,731 PAwe 12