Charity rnglstratlon number 1191187
THE SLOUGH ISLAMIC TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED SAPRIL 2024

THE SLOUGH ISLAMIC TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustqos
r MohammadAfzal
Mr Mohammad Usman
MrN2ad Hussa
Mr Mohammad Bilal Rlaz
MrAsrf Mirza
Gharlty numbor
1191187
Prlnclpal addrnss
The Sbugh Iskm¢¢ Trust
Diamond Road Mosque
78 Diamond Road
Slough
England
SL1 1RX
Audltor
klUSAccountsnts knmited
268 Bath Road. Regus
Office 146
Slough
SL14DX

THE SLOUGH ISLAMIC TRUST
CONTENTS
Page
Trustees report
Indepgndent audiloffs report
Statement offinanoal
Balance sheet
Notes lo the financial statements
9-17

THE SLOUGH ISLAMIC TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Iwslees present their annual rep)rt and fin8n¢ial statements for the year ended SApnl 2024.
The financial statements have been prepared in accJ)rdan¢e wryth the aC￿Unting polioes $91 out In note 110 the
)Inanoal statements and compty with the 's tgoveming ¢Jocumentl. Ihe Chariknes Act 2011 and "A¢￿untIng and
Reporting by Charities: Ststement of Recommended Practi￿ applicabk to chaiibes preparing their ac£tsunls in
accordance with tha Financial Reporbng Stsndard appli￿ble in the UK and Republic of I￿rand IFRS 1021"
(effective 1 January 2019).
Obiectsve5 and activities
The Prinapal object of the charity is lo provKle facilTties for worship for the benefft of Ihe lo¢al Muslim Community
and to promote the faith tsf15Jam and the151amic charitabk institutions throughout the world. and more partic#Jlarty tn
United lfjngdom in the county of Berkshire. The charity alw supports the ￿lief of ptsvety. di5tres5 and suffering of
any person in need. The charity has mosques in Slough a$ place of worship and cultural and education cèntres.
The charity also rents a hall used for the provision of education for children. The charty employs the seNces of
preacher5 and depends on the help of volunteer5 in order lo fulfil its piovisKgn of facil￿85 of w0￿h1P ar￿ tyjltural
education. The charity has not had any changes in tts p0￿eS since last rep)rL
Public bgngfit
The Iruslees have paid due regard lo guidance issued by the Charity Commi￿lDn in deciding what actwit￿8 thè
shoutd undertake.
Achlev•m•nts and p•rfornunce
Significant acLrvitigs and athievements 8wnstobfft¢tsves
The main aCtiV￿e5 of Ihe ¢hartty have o)ntinued to be that of hokling prdyets al eath ot tha its tsvo mosques five
times a day and of providing Islamic eduotion lo chitdren be￿een the ages of 5 aTrJ 16. The d￿nty also oiganises
religious festivals on special Islarn￿ Occas￿n$. holds seminars and prowdes general support and assistsnce Its thè
local Muslim communty. Thore has been regular attondance at both nwues and thè religious dasses.
F5nanclal r•vl•w
The c*arity continues lo rec*N¢ regular donat*)ns from local o)mmunty. The net income from ￿ntInuing operations
of the charity and the expense5 are disdosed in page 6. The trustees believe Ihat thè chartty will hav? enough
rèsources to fu￿1 its obligalion and continue its ¢)perations for the foreseeable firture.
The trust deed authori5es the trustees to sell. kase or ex￿￿r￿ land and buildirvjs acquired for the purposes of the
charity. bul which Subseq￿lt1Y become unsuitable for suth purposes. It also authorise$ the trustees to place
monies on deposit
Res8N8spolicy
It is the policy of the that unrestsictgd funds whth not been dgsignaled for a spei?fic use should be m8int8ined
at a level equNalent to betrleen thiee art<1 SÈX month's expendilure. The tntslees o)nsNJer that reseNes al thi5 level
will ensure that, in the event of a $ignffi¢anl drop in fvndirt9, they wil be able to continue the 's current activities
whde Consideration is given lo ways in whth addilh)nal funds may be iaised. This level ol reseN8S has beèn
maintained Ihioughout the year.
Structurg. goveman¢g and manag•mènt
The Slough Islamic Tnjsl is a charilabk Inco￿ordIed organ￿tiOn aTrJ govemed by the constr￿trOn of th& Charity.
dated 7 September 2020.
The Inislees who served durirwj the yearand up to the date of signature of the finanual $tatemonts wwe:
Mr MohammadAfzal
Mr Mohammad Usman
MrAzad Hussain
Mr Mohammad B￿al Ri
MrAsrf Muza

THE SLOUGH ISLAMIC TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
R8cruitment and 8ppointrnertoltnis18es
None of the trustees has any beneficaal interest in the charity. All of the trustees aR membors of the company and
guarantee lo conlribule £10 ￿ the evenl of a Mnding up.
Appoinlmenl of trustees is govemed by the ())nsti￿t￿n of the Charity. dated 7 September 2020. A new Trustee may
be appointed, and existing TnJ5tee may be discharged by resoltstion of the twstee$.There should be not105s than
Ihree nor more than nine appointed charity trustees. There rnust bè at ka5t threg charity trustees. If the number falls
below this minimum, the remainin9 Charity trnstees or trustee may act onty to ¢811 a n￿etIng of the charity trusl88$.
018ppoinl a new charity trustee.
The Trustees rety on the hglp and advice ol some twenty volunteer5 who provide regufaf SUPF¥Jrt and serv¥￿S
toward the chariws govemance induding colwon of dOnat￿n$. deaning the Mosques and makin9 arrangem8nl$
for Spe￿al religious o￿aS10￿S such as the festival of Eid.
The Trust deed authorises the trLÈslees to sell. lease or exthange Jand and buiklings acquired for tha purpose5 of
the charity, bul which subsequenty become unsuitable for such pu￿059$. 118150 authorises the trustee5 to place
rnonigs on depostL
Organis8tionalstrncture
Ststsment of Tr￿19¢$ r¢sponslbllltlos
The trustees are responsible for preparing the Tntstees Rewrt and the financial statements in a￿rdance with
applicable Liw and UnÈted Kingdom Accounting Standards (United lQngdom General￿ Accepted Accounting
Pra¢ti(*).
The law applicable to Charities in England and Wales requi￿$ the Iruslees lo prepare financial stslemenls for each
financial year which gwe a true and fair ￿eW of the state of affairs of the and of the ino)ming resou￿$ and
applicalion of resources of th9 forthal year.
In preparing th9se finanoal sta18ments. the tr￿tee$ are required to:
- S8led suitsble acuunting p0￿cleS and then appty them ¢¥n￿Sten1ty.
- obseNe the melhtsJs and prinLyples in the Chariligs SORP..
- m8ke judgements and estimates that are reasonab￿ and prudent..
- slate whether apP￿Cable accounling standards havo been fo&￿e(l, subpd to any material dapariures discJos&d
and explained In the finanrial statements.- and
- preparg the fin8n(ial statements on the goiry o)ncem ba￿$ unless it is inappropriate to p￿sUme that the charity
WIN ￿ntinUe ui operatton.
The Iru51ees are responsible for keeping suffK4enl accounling retsjrds that disdose vhth Rasonabl& ac￿raCY al any
time the finanual position of the and enable them lo ensure that the finanoal statements o)mpty with the Charibes
Act 2011, the Charty (Accourtls and Reports) Regulations 2C4)B arKI the provisions of the tNst deed. Thtry are also
iesponsible for safeguardin9 the assets of the and he￿8 for taking reasonable steps for the prevention and
detection of fraud and other i(￿UlarIties.

THE SLOUGH ISLAMIC TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 5APRIL 2024
The Trustees report was apwoved by the Board ofTNstees.
Mr MohammadAfzal
Trusts•
28 January 2025

THE SLOUGH ISLAMIC TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE SLOUGH ISLAMIC TRUST
Oplnlon
We have audrted the financial statemènts of THE SLOUGH ISLAIAIC TRUST {the') for the year ended 5 April 2024
which ¢x)mprise the statemen¢ of ffinanaal actNTties. the balanc* sheet and notes to the finarrial stalemenl5.
induding significanl accounting pdioes. The financial reportin9 framewo￿ that has been applied in their preparation
is applicable Faw and United ￿ngdoM AC￿UnI1n9 Standards, inrAuding Finanrial Reporling Standard 102 Tho
Financial Roporting Slandaffjl 8ppIic8blè in thg UK and R8publiG of Irgland (Unrted lQngdom Gènerally A￿epted
Accounting Praclice>.
In ouropinion. th9 financi￿ statements=
gwe a true and fair view of thfj state of the thaiiws affairs as at 5April 2024 and of its incoming resourcas and
applirAtion of resources. forthe yèar then erHled,'
have been woperfy prepared in acA))rdance wrfh United lfjngdom Genernlty A￿pIed ArAunting Prnct1￿..
and
have bean P￿pared in a￿Orfance with the r8quiren*nts ofthe ChariliesA(# 2011.
8a$i¥ for opinion
We conducted our audit in accordanc* with Intemational Slandards on Audiling IUKI (ISAS {UK)l and applicable
law. Our fesponsibilthes under those stsndards are furlher described in the Auditorfs rnsponsith'lits-es forthe audit of
the financtal slatomgnts section of our reporL We are independent of the in a￿rdance with the ethical
requiremant$ that are ￿levant lo our audit of the financial statements in the UK, induding the FRC'S Ethical
Standard, and we have luffilled our other ethul resp)nsibilitie5 in accordance with these requirements. We believe
that the audit evhlence we have obtained Is suffioent arwj appropriate to prwde a basis for our opinion.
Concluslons rnl*tlng to golng Con￿rn
In auditin9 the finantyal slatemenls. we have condLKled that the Trustees use of tho going ￿nC*[n basls of
accounts'ng in the weparation of the finanoal slatements is appropriate.
Based on the woth we have perfom)ed. we haNE not identified any material Lrncertainlies relating to events or
conditions that. indmdually or colkctivdy. may cast significant doubt on the 's abillty lo continue as a going concern
for a period of at least twdva months from when the finarKial statwwts are authorised for wie.
Our responsibilities and the responsibifdies of the trustags wilh respeca to going cor￿eM are described in the
relevant sections ol thi$ rep)rL
Other Inforniatlon
Th& other information cy)mwses Ihe inforfflation in¢kKled in the annual report other than the financlal statements
and our audilorfs report thereon. The tnJstee$ a￿ responsible for the olher irtfonnation ￿ntain9d within the annual
reporL Our opinion on the thnanaal statements does nol covef the other infomiation and we do not express any form
of assurance trjndusion Ihereon. Our resp)nsibilty is lo read the other infomiation and. in doÈng so. consider
whether thè other infonnation is materialty I￿)nsIStenI the financ4al statements OT our knowtedge obtained in
the cOu￿e of the audit. or otherwise appears lo be materially misstated. If we identify such material inconsislencAes
or apparent material misstatements. we are wuired to deteThnine whether this gNes rise to a material misstslement
in thg fina￿la[ statements themsefves. If. based on the work we have performed. we condude that there is a
material mi$statem¢nl of this othpr infonnation. we are required to report that fac
Wa have nothing to report in this regard.
IAatt•rs on **hlch w• ar• r•qulr¢d to r•port by
We have ntslhing lo report in resped of th& fotknyirwj matters in relation to whith the Charitiès (Accounts and
Reports) Regulations 2008 require us to report to you rf, in ryjr opinion..
the infomiation gNen in the financial stat8m9nls is ir•x•n&stenl in any material respect with the Trustees
report., or
sufficient accounting reojrds have not been kept or
the finanaal statements are not in agreement with the ac￿unting records., or
we have not received all the information ar￿ explanalions we require for ¢)ur aui*t.

THE SLOUGH ISLAMIC TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE SLOUGH ISLAMIC TRUST
Rosponslbllltlos of trustees
As eyplained more ful￿ in the Statemènt of Trusle8s wpon5ibi1th9s. the trustees are responsible for the preparation
of the financial $talemenls and for being satiSf￿d that they give a Iwe and fair view, and for such intemal control as
the trustees determine is necessary lo enablg the preparation of financAal stslements that are free from rnalerial
misststemenl, whether due to fraud or error. In preparing the finan￿al statements. the trustees are responsible for
assessing the .5 ability to ￿ntinue as a goirg concem. disclosing. as applicable. matters related lo going con￿rn
and using the going concem basis of a￿ntil¥j un19ss the tntstees either intend lo cease op&rnt￿￿s, or ha￿ no
realislic ajtgmalive but to do so.
Audltofs lesponslbllftl￿ for tho audit of the financlal statèments
We have bèèn appointed as audÉtor under section 144 of the Charibes Art 2011 and report in a¢cordanc8 with the
Act ond relevant regulaltons made or having affe¢t thereunder.
Our objectNes are to obtain reasonable assurance at#)ul whether the financral statements as a whole are free from
material misslatemenl. whether due to fraud or error. and to i55ue an auditorfs report that indudes our opin#Jn.
Rèasonable assurance is a high level of assurarKe bLrt is not a guarantee that an audit conducted in acoJtdan¢e
with ISAS IUKI will always detect a material misstatèment when il exists. Misstatemen15 can arise from fraud or
e￿0[ and are ¢onsKlered malgrial rf. Individual￿ or in the aggregale. wsonabty bo expected to influence
the economic deC4s￿nS of users taken on the basts of these finanlial ststements.
Irregularitigs. induding fraud. ar8 instsnces of nortro)mpliance wilh laws 8nd regul*ions. We desvjn procedurgs in
line with our ￿SponSIbl1ities, ouUin¢d above. to dele¢t maierial misstatements in iespect of irregularities, including
fraud. The extent lo whtch our procedures are Capab￿ ofdetethng irregularthes. induding fraud. is detailed below.
Our approach to identifying and assessiTrJ the rÈsks of material misstatement ￿ respect of irregularities. inc4udinp
fraud and noncompliance with laws and regulalions. was as fol￿..
. the engagement partw ensured thal the erwjagement team (xjlectivety had the appfopriale competence.
apabilities and S￿.11$ to identify or rep)gnise non-compliance wilh applicable laws and rtr3ulalions,"
we identffied the Jaws and regulalh)ns applic3ble to the tharrty through dis¢)Jssions with trustees and other
manag9menl, and from our commer¢¢al knrN41edge and experience of the sector. and
we focused on speufic Laws and rogulations whth we considered may have a direct material effect on the
financial stslements or the operalK*ns of the charty, includin9 the SORP, taxation legislalictn and data
prolection. anti*ribery. empknymenl, entyiionmentsl and heahh an¢J safety *islat￿n.
We a150 cons*Jeied potential fraud dfivers: incfuding financial or other P￿$S￿re3. opporlunrty. ovarride of o)nlrols
and personal or corporate motivations. We considered the programmes and controls that the c*arity has
established lo address risks identffied. or that olhen¥ise prevent. deter and delect fraud. Where the risk was
¢onsidered to bè hffjher, we performed au<lit procedures lo a￿d￿sS ea¢h identified fraud risk. These pio¢edures
Ir￿uded testing ioumals, evaluatin9 thè business rationa￿ of signifThnt transactions outsid& the nomial o)urge of
business and valKlalityJ the appropriateness ol intemal Lry)nlrols and significant a¢o)unting sstimalions based on our
traud risk criteria,.
Wo a$$essed the suscept1bi￿ty of the comparfs ￿ana81 statements to material misstatement. iicluding obtaining
an undetslanding of how fraud might occur. by=
making enqui￿$ of managernenl as to where Ihey c*)n$Klered thère wa5 susceptibilsty to fraud, their
knowJedg• ofa¢tual, Suspected and aneged fraud.. and
trjnsidering the intemat o)ntrals in place to mi1Tr3at¢ of fraud and nor￿0)MPlI8nce wlth laws and
regulations.
To address the risk offraud through management bias and ovenide 0f￿ntrolS. we".
perfonned anatytscal procedures to identsfy any unusual or unexpecled rdationships.,
lesled journal entries lo wjentify unusu¥ trarwthon$'.
assessed whelher judgements and assumptions made in determining the aco)unting estimates sel out in
note 2 were indicative of potential bias-. and
Investigated the rational& behind signfficanl or unusual transac￿nS.

THE SLOUGH ISLAMIC TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE SLOUGH ISLAMIC TRUST
In resportsè lo the iisk of iwularrli8s and norK￿M[￿lan¢e with Iwws and regulaknns. we designed prc£8dures
which induded. but were not limtied lo-.
agreeing ￿nar￿la[ ststemenl dISdr￿U[eS to undertyirt9 supporting d￿￿mentation-,
enquiring of management as to aL*ual and po￿tial I￿g8th)n and daim$.
Wa obtsined LEnderstanding of the legal and regulatory framthwrks that are applicablg lo the company and
delermingd that the most siqnthcanl ars thosg rg1*8d to the f￿aNa1 repoiting fr8meworK tax regulation5 in the
jurisdidions in whith the tharity operales.
8a5ed on this undeTStandiro we desig￿j our audil procedures lo Njenlrfy n0￿COMpr1ance with laws and
regulations. Our procedures invdved: malong enquiries of martagement. those res￿nsIble for leg81 and oJmplian¢8
procèdures and w8wing oth&ro)rrespondencè.
There are Inherent limitations in the audit procedures described above. arg likety to beC￿me aware of
instances of nonv¢omplian¢e with laws and regulations that are not dosely related to events and transactTr)n$
reflected in the finan¢k815ts1ernents. Ajso Ihe risk of rtol deleL*ng a material misstslemenl due to fraud is higher
than the risk of not delec*ng one resylbng from error. as fraud may In￿￿e dell)ernte o)ncealnwnt by, for example.
forgery. misreprgsenlattons orthrough c*lIus￿n.
A lurther description of our re5ponsibiltbes Is available on the Finanoal Reporttng Councfi's website at-. https'.11
www.frc.org.ukJaudilorsresponsibiltbes. This descwiption forns part of our audito¢s report.
Oth•r matt¢rn
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with"A￿oUnting
and Reporting by Charit*s.' Ststement of Recommended PraclK* applicable to tharities preparing their accounts in
accordance with the Financial Repoiting Standard appli¢able in the UK and Republi¢ of IreL7nd {FRS 1021" (as
amended) in prefereft￿ to the Accounting and Reporting by Chaiilie5: Statement of Reo)mmended Pradic8 issued
on 1 April 2005 which is referred lo in the exiant re9Utalions but has now begn wth(tawn.
Thi5 has been done in order for the finan¢ial slalements to WKle a Inte and fair view in accordance with current
Ge￿ralty Accepted Accountin9 Practice.
U$• of our r•port
This report is made solety to the cwpon￿S members, as a body. in aco)rdance with section 39101 the Companies
Act 2014. Our audit work has been undertaken $0 that we might tste to the compart￿5 members those matters we
are required to state to them in an audrtofs arHI for no other purpose. To the fijlest exlent pemiittèd by law.
we do not al￿pt or assume responsibilty to anyofte other than the company and the CoMpan￿S mgmbers as a
body. for our audit work. for this ￿pOrt. or for Ihe OPFnions we have fonned.
Mr Muhammad SalarArnin FCCA ISenlorStatutoryAu(rrto
for and on b•haif of MUS Accountants Limited
29 January 2025
Chartèrnd Certified AGGountsnts and
ststsrtory Auditor
268 Bath Road. Regus
Offica 146
Slough
SL14DX

THE SLOUGH ISLAMIC TRUST
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5APRIL 2024
Unrnstrktsd Unrnstrl¢tsd
fund$
fund$
2024
2023
Income from:
Donations and legactes
Investments
227.526
217.231
189.869
196.C62
Total Income
444.757
385.931
Expendlturn oft".
Raising funds
Charilablo activities
9.993
203.342
20.863
164.141
Total 8x￿ndI￿re
213.335
184.804
Net gain￿{10$$8$I on investmènts
11
(411.OJO)
K•t 1ncomell•xpnd￿rn) and ￿￿VernOnt In funds
(179,578)
201.127
Rocon¢lllation of funds:
Fund balances a16April 2023
6.658.942
6.457.815
Fund balanGK at 5 Aprll 2024
6.479.364
6.658,942
The stslemenl of financAal aCb￿e$ i￿ludeS aH gains aThJ los￿ re¢ognised in the y8ar.AU income and 9xpgnditure
dori￿ from continuing aciNib8s.

THE SLOUGH ISLAMIC TRUST
BALANCE SHEEr
AS AT5APRIL 2024
2024
2023
Flxed assets
Tangible assets
Invgslment propwty
13
14
2.LW.435
3.215.OCI)
2.003.¥24
3,628.OJO
5,281.435
5,629.924
Current auots
Debtors
Cash at bank and in hand
15
21.0
1.373.019
11.876
1.261.412
1.394.109
1,273.288
Credltor5: amounts falllng due wlthln
one y￿r
17
(196,180)
1244,270)
Mot currgnt ass•ts
1,197,929
1,029.018
Total assets1o88 current liabilhl
6,479.364
6.658,942
Ilel assets •xcludlng pension liability
6.479.364
6.658.942
Tho funds of th•
Unrèstri¢ted fvnds
6.479.364
6.658,942
6,479,364
6.656,942
Tha finaft¢i￿ statements were approved by Ihe ITUSte8s ￿ 28 January 2025
Mr Moh8inmad Afzal
Thistso

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounyng pollcl¢s
Charity inforn*tion
The Slough Islamic TNSt is a puL4ic benofft entity and regis¢ered as c*aritaNe irKa)rporated organi5ation {ClOI
in England and Wdles with tharity ￿mMiSsion haming charity registration number 1191187. The prinapal
office address is 78 Diamond Road, Slough. SL1 1 RX.
1.1 A¢¢ountlng convention
The financial statements have been prepartd in accordarK* wilh the 's tgoveming do(￿mentI. the Chafibeg
Ac* 2011, FRS 102 Yhe Financgal Repojtng Standard appluble in the UK and Republic of Ireland. I'FRS
102'18nd the Charrttes SORP"Accounting and Reporting by Charibes: St*emenl of Reo)mmended Practice
appts'cable lo charities preparing their accounts in aceord8nce wilh thè Financxal Reporting Standard
appfjcable in the UK and Republic of Irek3nd {FRS 102)" (effertive 1 January 2019). The is a PLtbl¢ Benefft
Entity as defined by FRS 102.
The has taken advantage of the prO￿lOnS in tho SORP for ctharj1i￿ not to prepare a Statement of Cash
Flows.
The finanoal statements have departed from the Charit* (A￿)Urtts and Reports) Regulations 2008 onty lo
Ihe extent required lo pra￿de a true ar￿ fair wew. This deparknre has inv¢4ved following Ihg Stalernenl of
Recommended Pra¢bce for ¢haritie5 app￿r￿j FRS 102 rather than the veTSion of the Slalement of
Recommended Prn¢*ce whith is refeff9d to in the fteg￿aknnS bul whK* has ￿nc0 1)gen wilhdrawn.
The finanrAal statements are prepared in sterfing. whK* the funclional currery ofthe . Monetsry amounts
In these financial statements are rounded to the nearest £.
The ffnancAal statements have been prepared under the hithrical cost ￿nVentIon, Imodified to indude the
revaluation of freehold properties and to include invesbnenl properties and ￿rtan finanual instruments al fail
valu&l. Tha prinopal accounting polirAes adopled are set out bel¢Jw.
12 Golng concarn
Al the lime of appwng Ihe financial ststements. the tntstees have a reasonable expectalKJn that the has
adequata resources lo continue in operational existence for the foreseeabl8 firture. Thus the trustees continue
to adopt the going con¢em basis of accounting ift preparing Ihe finanual stslements.
During t￿ finarKial reporting peiiod. thg assets, lkn?biffties. rgsgNes and operattons of The Slough 151ami¢
Trust (Chartty number 254759) were transfetred lo a registered chaiitable incorporated organisation ICIOI .
The Slough IsJami¢ TNsf' (registered charity number 1191187). The stQUgh IsLgmic Trusl onty changed ts
legal fomi from unin¢orwraled charity to a eharitable incorporated organisation however its pury)osè.
obje&ivgs and beneficiaries remain the Saff￿.
1.3 Charitabl• funds
Unrestricted funds are aYaiFabte for use at d￿et1)n of the trnslees in furthera￿ of the￿ charitsblg
objectives.
Restricted fijnds are subjecl to S￿ryfic ￿)ndItsonS by donors or grantors as to how they may be used. The
purposes arHI uses ofthe reslri¢#e¢l fvTrJ5 are sel oul in thg notes to the financ4al ststements.
Endowmont fvnds are subp¢X to speafiG C4MKlikns by don0￿ that the Ca￿￿1 musl be maintained by the.
1A In¢ome
Incorne is recognlsed when the is legalty entitted to it after any perfomiance ¢onditsons have been mel, th8
amounts (an be measured ieliabty, and li is probab￿ that income will be received.

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng pollclos
IContlnu•d)
Cash donations are recognised on recerpL Other donations arg ￿C￿nised once the has been notffied of the
donation. unless perfomiance conditsons require deferral of the amounL Income tax reo)verable in relation lo
donation5 rec8iv8d under GfftAx1 ordeeds of CO4WAnt 5$ re￿nISed at the time of Ihe donation.
Legaryes are recognised on receipt or otherwise rf the has been notified of an impendng distribution, the
amount is known. and rec*m is expèded. If the amwnt not known. the legacy is treated as a eantingent
8$sel.
1.5 Ex￿ndItur0
Expenditure is recognised once there 15 a tegal or ctttstruth obli9at*Jn to transfer economic bgngfit lo a
third paty, it 1$ probable that a transfer of g￿rK)m￿ beneftts wiu ￿ required kn setuement. and the amount of
the obligation can be measured reliabty-
Expenditure is dassifjed by acbvity. The costs of each acbW arg made up tsf the tolal of direct costs and
shared costs. induding SUPFQrt costs invofved in undertakin9 èach at*vty. Direct costs attributable lo a single
aclivty are allocated dire¢My to that a￿VIty. Shared costs whth ￿ntribUte lo more than one actmty and
support costs which are not attn"butabte lo a single actrvity are apportioned be￿&￿n those actrvities on a basis
consistent with the use of resources. Central staff costs are alloLZted on the ba*s of time spenL and
depreryation charge5 are allocaled on th8 pot1ion of the assefs use.
1.6 Tanglble fixed assets
Tangible fixed assets are initialty measured at ￿$1 and subsequenty measured al ¢ost or valuation, net of
deprKiation and any impairment losses.
Deprecaalion is recognis¢d so as to wrfte off the (*5t orvalualion of assets les5 thetr residual walues over their
usaful bvos on the foll(Av1r￿ basas:
Froehold land and buildings
F￿lureS and fftbngs
O¥er 125 years
15% redwirvJ balance
The gain or loss arisin9 on the disposal of an asset is determined as the drfference bthegn the sale proceeds
and the Car￿n9 value ofthe asset. and is recognised in the statement of financAal aththties.
1.7 Inveslment prop•ty
Investment property. which is prO[￿Y held to •am f￿1* andlor for capi&l appr¢aation. is inrlialy
recognised al ￿1, which indudes Ihe purchase cost and any direc*ty attributable expendrture. Subsequen*ty
it is measured at I￿r value at the reporting end date. The surp￿j5 or defyit on revatuation is iecognised in
pnrrt or k*SS.
1.8 knpalmiont of fix￿ a8s•ts
At each rgPOrtin9 en¢J ¢Jale. the feviews the c*rying amounts of its tsngible assets to delemiine whether thère
is any indi¢ation that those assets have suffeied an impaim*nt loss. If any such indication exists. the
recoverable amount ofthe a$5el 15 estimated in orderto delemiine the extent of the impaim*nl loss lif any).
1.9 Cash and cash equfvahnts
Cash and ¢ash equivalents indude ￿sh in hand. deposits held at call wilh banks. other short-terrn liquid
inveslments Mth original maturitses of three monts or tess. and bank overdrafts. Bank ov¢rdrafts are shown
within borrowings in curren¢ Flat*1￿￿e$.
-10-

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounting pollclos
(Continued)
1.10 Flnanclal In8trumeTrts
The ha5 elected lo app￿ the proviwjns of S8thon 11 'BasiG Finanoal Instnvnenls. and Secllon 12 '01her
Financial Instruments Issues. of FRS 102 to all of its fmanoal instruments.
Finanaal inslruments ar8 re¢ogni58d in 's balance Sheet when the b￿0m¢S paty lo the conlr8dual
prowsions ofth9 instrument.
Finanaal 85sets and liabililres are offset, WI￿ the nel amounts presented in the finanaal stalemenls. when
there is a legalty enforceable ¢ighl lo set off the recognised amounis and there 1$ 8n inlention to settle on a nel
basis or lo reali5e the asset and settfe th• liabilty siNwilaneousty.
8asic finan¢ial •ss•ts
Basic finanoal assets. whlch include debtors ￿sh and bank balan￿$. are in￿alty measured al
Iransaction prie¢ inctuding transaction o)sts and are subsequentty carried at amortised cost using the effethe
interest metho(l unless the arrangemènt constitutes a finanang transaction. where the transaction is
measured at the present ￿￿lue of the fuiure receipts discounted al a market rale of inler¢sL Financial assets
dassiffed as recewable within one year are Thjt amortised.
Bask ffnancialllabHitss
Basic financial liabilili9s. induding creditor5 and bank loan$ are in￿aty recogn¢sed at transactton price untes$
the arrangement constitLrte5 a financ4ng transaction. where the debt instrument is measured al the present
valuo of the fvture payments discounted at a market rate of inte￿$1. Financ4al liabilitres classrfie<l as payable
within one yoar are not amortksed.
Debt i￿trUMentS ar8 subsequenty ¢anied at an￿[lISed cost, utsw￿ Ihe effectN8 Snterest rate method.
Trade ¢￿ditorS are obligations to pay for good$ or se￿1￿ that have been aCqUi￿d in thè ordinary ¢ourse of
operations from suppliers. Amounts payable are dassified a5 current Ik3bilities rf payment is due within one
year or le$5. If not. they are pre￿nted as nOn￿rrent tiabilrfies. Trade rxeditors are recognised Inthalty at
transaction pric9 and subsequentty fflea$LwI al amcrflised o)st usin9 the effec*i¥e inlorest method.
Derncognltlon of finaneialllabililies
Financi81 liabilthes are derecognised when the's conlra¢tiAI oblwJations expire or ale discharged or canc8Ngd.
1.11 Employ0• benofits
The cost of any unused hol￿aY entitfement is re(y)9ni*J in the per*)d in which the empbjyee's Sery1￿ are
Termination benefits aré r¢wnised immed[ate￿ as an expense when the is domonstrabF¥ o)mmitled lo
lemiinate tho emloyment of an employee orto pmwde temiinalion ber*fft$.
1.12 R•tirement ￿n¥fits
Paym&nts to defined ¢ontribution rolirement benefit schemes are tharged as an exper￿ as they fall due.
11

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Crftlcal a¢¢ountlng estimates and judggm•nts
In the applr¢alirJn of the 's a¢¢ounting p)ItC4es. the Injstees are required to rnake judgements, estimates and
assumptions about the caryng amount of assets and ￿bilItIeS that are not readily apparent from other
sources. The estimates and assouated assumptions are based on historical experien￿ and other factors that
are CA)nsidered to be re￿vanl ktual resulis may differ from thesè estimates.
The estimates and undwfying assumpl*)ns are reviewed on an ongoing basis. Rew$ions to accounting
estimates are reojgnised in the period in which thè estima￿ is ￿￿Sed where the remsion affects only that
period, oi in the pewd of the re¥igon and fuiure period5 where the reviston affe¢*s both current and firture
periods.
Donations and legacl•s
Unrestricted Unrnstrl¢ted
fvnds
fund
2024
2023
Donalions and gffts
Donated goods and sefyices
220.926
6,600
189.869
In¢ome from inV￿lj￿nts
Unrnstrictod Unr•strtctod
fvnd5
funds
2024
2023
Rental income
Interest receiydblo
210.335
6.896
190.505
5,557
217,231
19S,C152
Expondliurè on rdblng funds
Uftrestrict•d Unrestri¢t•d
funds
funds
2024
2023
Investment man•J8menl
9.993
20.663
12-

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Expendiiure on eh•ril*ble acthihies
Charilable
Charitabl•
Exp9ndi￿re Expenditur•
Unrestricted Unwestrt¢tsd
2024
2023
Direct Costs
Stsff e4J5ts
DeprerAation and impaiment
DonatK)n paid
Rent and rates
ghl and heal
Repairs and maintenance
Telecommuniczbon
Insurance
General expgnse
IT cost
Cleaning
Other charitable expenditure
78.831
17.667
8.595
17.712
31.034
24.125
728
7.639
89,307
19.976
17,519
25.464
13.640
1.323
2,584
1.474
1.450
2.100
3.5
Share of support and governanc• ¢osts ($e8 nol• 71
Goveman¢e
8,276
9,870
Analysls by fund
Unrestrided funds
203.342
164.141
Support costs alloca1￿ to acdvhlas
2024
2023
Governance t>)sts
8.276
9.870
Analy8ed
Governar￿e o)sl
8.276
9,870
2024
2023
Govamance costs comprf80:
Audit fges
Legal and profrssion81
5,520
4.350
2.756
8.276
9.870
13-

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 5 APRIL 2024
N•t movement In funds
2024
2023
The net movement in fur¥Js is staled after tharglngl((¥edbbng):
Fe8$ payable lor the aud(( ofthe chaws financial statements
Depreoation of owned tsftgible fixed assets
5,520
17.667
5,520
19.976
Truste
None of the trustees (or any pe￿nS connerted with them) re￿1Ve￿ any remuneration or beneffts from thg
during the year.
10 Employ••s
The av&rage monthfy number of employees duriThJ the ye8rwas:
2024
Numbèr
2023
Number
12
Emplo￿Ont costs
2024
2023
Wages and salaries
Other pension fAists
77.223
1.608
68,463
78.831
69.307
There were no emptoyees whose annual remuneration was more than £60.OLYJ.
11 Galns and1088è8 on Investynents
Unrttstrictrd Unre$trict•d
funds
nds
2024
2023
GaIn￿lI0$SeS) arising on:
Revaluation of inveslmgnt properties
1411.000)
12 Taxaljon
The tharity is exampl from taxation on ils a¢iiwt*s bÈcause al Its intsjme is applied for tharilable purpjses.
14-

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (covfiNUED)
FOR THE YEAR ENDED 5 APRIL 2024
13 Tanglbl¢ fu•d assots
Fr•éh¢4d land Asmts Ltndtyr Flxthr¢s and
buifdln9s consyuctton
fdtlngs
Tolal
Co
Al 6 April 2023
Additions
2.341.707
101.750 2.443,457
23.312
80,177
At 5April 2024
2.341,707
56.865
125.062 2.523.634
Doprttlatlon and inylrnient
AI 6April 2023
DepTrci81ion charged in the year
344.822
13,114
94,710
4,553
439.532
17,687
At 5Awl 2024
357.936
99.263
457,199
Carrylng amount
At 5 April 2024
1.983.T11
25,799 2.066,435
At SApril 2023
1.996.884
7,040 2,003,924
14 Investment property
2024
Falrvaluo
At 6ApTil 2023
Net g￿n5 or losses through fair vthe adjustments
3.628.(KJO
1411,000)
At SA￿1 2024
3.215,000
Investment wopety ¢omprises Chiltem Place. Upton Road. Sk)ugh, SL1 2AD. 20 India Road. Slough. SL1
1SF. 135 Stoke Road. Slojgh. SL2 &AS and 37 kqontem Lane. Slough. SL1 20W. The fair valuè of the
inve5tsnenl prowrty has been arrived al on Ihe basis of a valualion caffled out 0122 February 2024 by L80
Hor5field SuN¢ying Chartered Surveyors & RICS registered valuers, who are not connected with the charity.
The valuation wa5 madg on an open mathel valuo basis by reference to market evidence of transaction price5
for similar properties.
2024
2023
Freehold
3.215,000
3,626.000
15-

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
15 Dabtorn
2024
Amounts hlllng dvt withln one year.
2023
Tradè deblo
Other debtors
18.350
2.740
9.652
2.224
21.09)
11.876
16 Loans and overdrd
2024
2023
other loan$ (Qatt+Hasna)
180.482
225,991
Payable within one year
180.482
225,991
Other loans (Qarz+Hasna) are interest fr88 giwn by the local oimmunty for the development of the
¢harity and a￿ ￿Payable on demand.
17 Crndltors: amounts falllng due wlthln year
2024
2023
Borrowings
Other tsxation arKI social Set￿rity
Other creditor5
Accruals and deferred inoyn8
180.482
244
9.483
5,971
225,991
734
11.574
5.971
196.180
244.270
18 Retirem•nt bonefft Sc1￿M•S
2024
2023
Defined conlribution 8chomgS
Charye lo prtsfft or loss In respect of defined c(￿tn￿l10n 5d￿Me$
The operates a defrned contribu￿n pension scheme for all qualtfying empfoyees. The assets of thè s¢heme
are held separalety from those ofthe in an independentty administere(I fund.
16-

THE SLOUGH ISLAMIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (cO￿rINUED)
FOR THE YEAR ENDED 5 APRIL 2024
19 Unre$trlct¢d fund¥
The unrestricted fvnds of the charity (￿mpriSe the unexpended balan￿$ of donations and 9rants which aro
not subject lo spectfic conditions by donors and grdntors as to how they may be used. These include
designated funds whith havg been Sèt aside out of unrestri&ed tund$ by Ihe trustees for speofic purposes.
At 6 Aprll
Incoming R•swr¢•s
2023 ex￿nded
Galn8 and
losses
At S Aprll
2024
Ge￿rdI fiJnd$
6.658.942
444,757
(213.335)
(411.OTrJ)
6.479,364
Prnvlous year.
At 6Aprll
2022
Incomlng
vosourc•s
Re$ources
oxpendèd
Galns and
10s8es
At S AprTI
2023
Genefal fijnds
6.457.815
385.931
(184.804)
6.658.942
20 R•lated party transactions
Th8rg wgre no diseJ)5abte related partylrans*kns during the year (2023- none).
17-