Ch•iity rpglslTrOon number 1191187 IEngland and Walejl THE SLOUGH ISLAMIC TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 THE SLOUGH ISLAMIC TRUST LEGAL AND ADMINISTRATIVE INFORMATION TNstw¥ Mr Mohammad Afzal Mr klohammad Usman MrAzad Hussain Mr Mohammad Bilal F￿aZ MrAsrf Kqirza Charfty r•glslAtion England aThJ Wares 1191187 Prlnclpal addross The Slough Islam￿ Trust Diamond Road Mosque 78 Diamond Road Slough England SL1 IRX Auditor MUS Atttyjntants Limited 268 Bath Road. Rè9US Office 146 Sltyjgh SL14DX THE SLOUGH ISLAMIC TRUST CONTENTS Page Twstees reFQrt Independent a￿lI10￿S report Stalemenl of finanual aclivit*s BafarKe shgot Notes to tha ffftanoal statsments 10-18 THE SLOUGH ISLAMIC TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2025 trustee$ present thelrannual report and financial stalements for the year ended 5 April 21r25. The financi81 statements have been prepared in 8COJTdance with the a¢￿Un11ftg policiès sel out in nol8 1 to the ffinancial stalern¢nts and oJmF4y wth the 's goveming do¢umenL the Chaiities A(* 2011. FRS 102 Yhe Financial Reporting SlaNJard appliCa￿e in the UK and Republ￿ of Ireland" and the Charibes SORP "A(zounling and Reporting by Charities.. Stalernent of Re￿nmended Practic4 appficable to charities preparing thetr aLYounls in ag)?￿ance with the FinanfAal Reporting slaida￿ appI1(ab￿ in Ihe UK and RgPUt4ic of Ireland IFRS 1021". ObjecUvK and acti¥ltl•8 The Princtpal object of thè charity is to pro￿de faCrI￿eS for worship for thè benefrt of the local Muslim Community and to promote the faith of Islam and the151amic charitable insliiutions throughout the world, and more Parti￿larty in United lthngdom in the ￿Unty of Berkshire. The charity also supports thè ￿lief of povefy, distress and suffering of any person in need. The cha￿ty has hvo mosques in Stough as place ofworship and cultural and education ￿ntres. The charity also rents a hall used for the pmwsion of education for chiklren. The charity employs the seN¢es of preachers and depends on the help of volunt881s in order to futfil rts pro¥ish)n of fa¢ilibes of worship and ¢)Jttural education. Thè charity has not had any Charges in it5 poIKiès since last report. Pubk benefit The Iruslees have paid due regard lo gurdance isswl by the Charity Commission in deoding what actNit¢es the ShoU￿j undertake. Achievements aftd perfornian¢¢ Significant activibgs andacthov8mgnls againsl obieclNes The rnain activ￿eS of the thafity have conlinued to bÈ that of holding prayers at eath of the its two mosques five times a day and of provtding151amic education lo children be￿een the ages of 5 and 16. The charrty also organlses religious festivals on spe&￿ Islamic ocwions. holds $em￿arS and pro¥id9S 9eneral support and assistance lo the local Muslim ￿rnMunty. Thore has bggn fetyFar attendance al both mosques and the religious classes. Flnancial rnvlow The charity continues to receive regular donations frorn bjcal L)>rnmunity. The net inrx)me from c¥Jntinuing operdlb)ns of the Charity and the expense$ are disdosed in page 6. The trustees believe that tho charity wll havg enough resources to fulfil its oblvJation and ¢¢ntinue its cperations for foreseeable fijture. The In￿1 deed aLrthorises thg tnjstees to sell. ￿se or exc*ange land and bU￿ding$ acquir8d forthe purposes of tho charity. bLrt whic* subsequentty bec0Th￿ unsuitable for such purposes. 11 also atthori5es the trustees lo place monie5 on depos11. Res8rvgspoIAcy It is the policy of the that unreststcled funds vthich have not bgen de￿gnated for a speLafic use should be maintained at a level equivaiènl lo betsveen Ihree and six month's expenditufft. The trustee5 consider that reserves al thi5 l&vel will en5UTe that. In the event of a signfficant drop in fijnding. they will be able lo continue the 's current activthes while con5tderation is given lo ways in vthich addilional funds may bo rdised. This revel of teseNes has been maintained thioughout the year. str￿turn, gov•man¢è and managtrment The Slough IsL4mic Trust is a charilth incorporated oryanisation #nd govemad by the C*)nsts￿l0n of the Charity. dated 7 Seplember2020. The tru$teo$ WI￿ seNed during thg year and up to the dale Ofsign￿re of thg ffina￿al slalements were: Mr MohammadAfral Mr Mohammad Usman MrAzad Hussain Mr Mohammad Bdal Riaz MrAsrf Mirza THE SLOUGH ISLAMIC TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Remitm&ntandappolntm8ntoltrnsl8es None of the Iwstees has any benefiiial inieresl in the tharity. Al of the trustees are members of th8 company and guardntee lo contribLrto £10 in the ewnt of a Mnding up. Appointment oftrustees is govemed by the constitution ofthe Charity. dated 7 September 2020. A new Trust8e may be 8ppointed. and existing Trustee may be discharged by resolulTon of the truslees.Th8re should be not less than three nor more than nine appointed charity trustees. There rnusl be at ￿ast three ¢haiity trustees. Iflhe numterfaus below this minirnum, the remaining tharity trustees or tnth may act only lo call a meetiThJ of the chartty trustees. or appoint a new ¢harity trustee. The Trustees rety on the help and thce of soTr￿ iwenty wjlunleets who prov*Je regL￿ar support and sgMce$ toward the charivs g0Veman￿ induding ￿lect￿￿ of donations. deaning the Mosques and maknng arrangements for speoal reljghjus oCcas￿nS such as festival of Eid. The Trust deed athhorises the Iru5tees to sell, lease or exchange land and buildings atr]ul￿d for the purposes of the tharity. but which subsequenty become unsuilable for such PUryK*se5. It a150 authorises the trustees to place monies on deposit. oryan￿allOnaI slnKtur8 The charity is governed under a Charitable Incorfvirnted Organisation (CIO) struclure. registered under Charity number 1191187, and is managed by its trustees. THE SLOUGH ISLAMIC TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 othermatte Fund raising and ¢ommunlcations: Thg Slough IslamK Trust is a wislered c*aiilable organryalK)n dedI￿ted to sep•ing the spwilual. edurAlional, and SOCI￿ needs of the ￿mmUnIty. All lunds raised are used to support and sustain the mosque's operalions and cornmunity services. Purposo of FundAlslng Donations and fuThJraising efforts W suPF￿. Dady mosque operations and maintenanc8 Prayer farjlitiès and ullrfies . IslamK eilucation programs lQurfan. Arabic. aid youth dasses) . Communty se￿￿$. outreach, and We1[a￿ a$￿ce Religious events, kthres, and pro9rnms . FLrture deveh)pment and impn)vement projects Uso of Donatlons All cgJntsibution$ aft managed fysponsibFy and used stiKaly in a¢Cordar￿ with Islamie winuplgs and th8 mosque's charilable objecbves. Financial rg))rds are maintained transparentty. and funds are allocated based on approved needs and priorities. Ellglbility and Complianco The SIO[￿h I￿aM1¢TnJst operales on a norbprofft basis. Donations are voluntary and non-refvndatrAe. Where applicable. donations may be eligible for tax rnltef in accordarKe with kxal regulations. Donors are encouraged to c))rwilt local tsx auth)iitigs for gu*Jan¢e. Methods of Donation Oonations may be madg throu9h'. Cash or in-P8rson contsibutb)n$ Bank transfer Online donation pktfom Stsnding ordets or reGuthng donations countablllty The mosque is committed lo transparency, accountabl￿. and trust. Regular finanual reports may bg shared with the community, and all fvnds are handle)unling Praclice," and hove be8n prepared M) #￿rdar￿ with the ChaiilièsALI 2011. Bas1$ for oplnlon We conducted our audit in accordance with Intemational Standard5 on Auditing (UK) IISAS (UK)) and apF4icable law. Our responsibilities under those standards a￿ fijrther deS￿bed in the Auditoffs rgspon&"tslitios forlhg audit of thg finan￿81 s18tem&nls section of cwr rem We are independent of the in a0￿rdance wrth tha ethical requiremgnls that are relevant lo our audit of the finanoal sL7tements in the UK, indLrding the FRC'S Ethical Stsndard. and we have fulfilled our other eth￿8[ resp)rt5ibilthe5 in a￿rdanL* with these ￿qUIrements. ￿ believe that thg audit e￿dence we have obtsined 15 suffiwrt arwj appropriate to promde a basis for our opinion. Conclusion$ ffElatlng to golng collGwn In auditing the finanoal statements. we have &)nduded thal the Ta￿tee¥ use of the going concem basls of a￿O￿nting in the prepafttion of the finan¢ial slatgments ￿ apprO￿late. Based on the work wo have performeil. we have not idenlffied any material uncertalnties relating lo events or condttions that. individualty or oSlectNety, May east stgnificart doubl on the's abilty to ￿ntInue as a going concem for a period of at least ￿e1Ve months from w￿n the fmanual st*ments arè auihorised for issue. Our ￿spOnsibl1111eS and the rgsp)n$ibiMw of the trustges With regpgct to going l￿n¢￿ are descrlbed in the r81evant sections of thi$ reporL Olher Informatlon The other information comprlses Ihe inf0m1￿l￿n i1￿1th vl the annual report other than th¢ financial statements and our audiloffs report Ihereon. The trustees a￿ responsible for the other infomabon contained within Ihg annual repoiL Our opinion on the ffinanoal statements does not ¢>)verthe other infomiats.on and we do not express any fomi of assurance condu$ion thereon. Our resFonsibilty is lo read the other infomatKJn an¢J. in doing $0, consider whglher the other infomation is malerialty inconsistent wth the finanual statements or our knowfedge obtained in the cOu￿e of the audit. or otherwise appears to be materi￿ty misstated. tfwe *Jentify such mateftal inconsistencles or apparent material misstatements, we are r￿u1red to delemine whether thi5 gNas rise to a material misstatem8nl in the finan￿al stat9ments Ihemsefves. If. based on the work we have performed. we condude that there is 8 material mi$stslem8nt ofthis other infomiation. v* are Tequyed to repjrt that facL We ha￿ nothing to report in this regard. Matl•r6 on whl¢h wo are required to roport by ¢x￿ptIon We have nothin9 to report in respect of the fojfowing Malle￿ in ￿lation to wthich thg Charifies CA0￿nts and Reports) Regulations 2008 requires us lo repjrt lo you rf. in our opinion.. the infomiatton given in the finantial statèments is inconsistent in any material re5P8Ct the Trustees report." or sufficEnl aC￿Unting records have not been kept,. L the financial stalements are not in agreement v•ith the accounting le￿I￿ds. or we have not ree4ived all the infomi*ion and explanalions wo requwe for ouraudit. THE SLOUGH ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SLOUGH ISLAMIC TRUST R8sponslbllltl•s of trus1• As explained MO￿ lulty in the stslement of Twstees responsibl￿ties. the trustees are responsi￿e for the prep8rat*Jn of the finanoal statements and for being salisfied that they give a true and fair wew, and for such intemal c>)nlrol as the Iruslees delennine 1$ necessary to enab5e the preparation of financial stalernenls that are free from material misstalemenl. whether due lo fraud or eryor. In preparing the financial statements. the trustees are fesponsible for assessing the '$ abibty to ojntinue as a gow)g concem. dt5closing, 8$ 8pplicat4e, matters refated lo going concem and using the going concem basis of xo)unting untess tho tnjstees either Inlerrtl to cwse operaknns. or have no realisbc allemalNe but to do so. Audltorfs re8ponslblllO•s forthe audlt of the financlal ¥latenwnts We have been appointed as auditor under se¢*on 144 of thg Charibes Act 20118nd report in accordanee with the Acl and (elevanl regulations made or ha4ryng effect thereuiKler. Our objectives a￿ lo obtain reasonable assurance about whether the finanual ststements as a whote are free from material misstalernenl. whether due to fraud or ermr. And to Issue an aLKlitofs report that inc4udes OLtr opinion. Reasonable a5surartt Is a high level of a$sUrar￿ but is not a guarantee that an audit (xJnducte(l in accordanca with ISAS (UK) wtll thays deled a material mtsststem&nl when it exists. Misstatements arisfr from fraud or error and are considered material rf. indNidualty or in tho aggregatg. they could reasonabty be expected to influen¢e the economic decssions of Lwts taken on the basi$ of these finanual statements. Irregularities. inc4uding fraud. a￿ instances of n¢)￿9￿￿pharts with and wulations. We design pr￿dureS in line with our re5ponsibilthe$. outlined above. to delect material mi$5talements in respect of ir￿gUrant19s, including fraud. The extent lo whth our procedures are capablB ol detecting irregukribes. indudiThJ fraud, is detsiled below. Our approach lo idenltfying and assessing the risks of materiaf misstatement in respèct of irregularili&s, induding fraud and nono)mpliance wilh laws and wulations. was a5 folows: the engagement pather ensured that the engagemenl team tt)Nectivety had the appropriate competonce,. capabilrties and skilL8 to identify or re￿nISe nor￿￿mPliance wilh appli¢xble laws and regulations,. we idenlffied the and regulations applicable to the charity through discusS￿)n5 wilh trust89s and other management. and from our commeroal knowledge and experience ofthe se¢tor,' and Wg focused on Spe￿ laws and fegulalions which we considered may have a direct matsrial 8ff8Ct on the finan￿al statements or the operations of the tharity. induding the SORP. taxation leyi51ation and data wolection. an￿bribery, empbyment. enmmnmental and hearth and safety legislation. We abo ￿nSIdered potenlial fraud drNer5: indudiNJ finan(ial or other pressures. opportvnty. override of I￿ntrOl$ and personal or corporate ￿￿t￿ationS. ￿ ¢onsNlered the progTrmmes and ¢ontrols that the charity has established to address ￿kS identified. or that othewi5e prevent. deter and delect fraud. Where the risk was (x)nsidered lo be hvJher. we performed a￿￿t procedures lo address each identified fraud risk. These prO￿lU￿$ included testing joumals, evaluating the business r*ionale of signrficant transactions OLtside the normal Coufse of business and validating the appropriatene55 01 intemal o)nlroLs and svJnific8nl accounling estimations based Dn our fraud uiteria: We assessed the susceptibilty of the comparf$ rmanc1￿ sl*ements to rnalerial misstatement induding obtaining an underslanding of how fraud mpJhl ocrJJr. by: maknng enquiries of management as to V*there they o)nsidered tlwe was susceptibilty to fraud. th¢ir knowi8<1ge of actual. su$pe(#eiJ and alleged fraud,. and consid¢ring the intemal Controls in placg to mitigate risks of fraud arml nonvcompliance with law$ and regulations. To address the ri$k offraud throLt9h Manag￿nI bias arKI o¥￿de oftsjntrols. we: perfomied anatybcal procedures lo identfy any unusual or urwethd ￿latiOnShips. tested ioumal entries lo identify unusuat tsansaL*ons; assessed whether judgements and assumptions made in dgtem)tnirwJ the acuunting eslDnalès set out in not¢ 2 We￿ inditatNe of potenb.al bias- and investigated the rationalè behind sIgnff￿anI or unusual transaclions. THE SLOUGH ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SLOUGH ISLAMIC TRUST In respons8 lo the risk of iryt4aithes and 1>)Trcompffia￿e ￿1h laws and regulations. wo designed prO￿dUreS whith inctuded. but were not limTted to.. ag￿eing finantyal statement disdoswes to undertying supwrting documentation.. 8nquiring of m8nag8ment as to ac*ual and Fthnlia11￿g0{i0n and claims. We obtained understanding of thè legal and regulatory framvwoths thal are applicablg lo the company and delemined that Ihè most significant a￿ thcw rekt&J to thg financial reptirtrng framewo￿. lax r9gulations in the jurisdidions in whtch the charity operates. 8ased on this understsndrrwJ we designed our aurfrt procedurns to identify nor￿COmp￿an￿ with laws anrj gulalions. Our procedures invofved: maknng enquir*s of managemertt. those responsible for legal and o)mplianc8 prcc4dur8s and rewewuig oth¢rcorrespOnd￿. There are Inhe￿￿1 limitations in the audit procedures dest¥ibed above. Vrfe are Igss bkely lo bec>)me aware of in$lanc¢s of r￿)n￿Omplian￿ with laws and regulations that are not dosety related to events and transactions eflected in the finanthal slalements. A150 the risk of not detecting a material misst81emenl due lo fraud 15 hlgher than the risk of not dele(*ng one 18sulltng from eryDr. as fraud may in4th deliberate concealment by. for example. forg8ry, misrepi8senlations orthrough o)llusion. A lurther descrtption of our respon￿bIllIeS is awali able on the Financial Reporting Countifs websrte at.. https'.11 wvM.frc.org.uklaudttorsresponsibilities. Thrs desuiption forns part of our auditors reporL Oth•r mattsrn Your attention is drawn to tho fad that the charity has pr8pared finar￿￿al statements in accorda￿ with"Aminting and Repoiting by Charittes.. Statement of Recommended practi￿ applicable to charihes p￿paring their accounts in ac¢ordan¢e wtth thè Financkql Reporting star￿[d appficable in the UK and Republic of Ireland IFRS 1021" (as amended) in preferen¢e lo the Ac¢ounttng and Reporting by Charitias.. Statement of Re￿mfflended Prac*ice i$5ued on l April 2005 which is referred to in the extant re9ulatk)ns but has now been withdrawm. This has been done in order for the financ4al statements to provxle a true and fair view in accordan￿ with tJJrrent GeneratyAccepled ActiyJntiNa Pra(*"tX. Uso of our rnport This report is made solety to the charitys trustees, as a b&*, in *>)Ndanco with P8rt 4 of thg Charflies (A¢c(Junts and Reports) Regulations 2CQ8. Our audft wort has been un¢Jertaken so that we might stsle to the chariws trnslees those matters we are requir￿ to slate to them rn an auditorfs report and for no other puTroso. To the hjllesl extent pemitied by law, we do not 8￿p1 or assume iespon5ibilty to anyone othgr than the ¢harity and thg charitys trustees as a body, for our atmlit work. for thts ￿pOrt. or fr>r the opinions we hav8 fomi•d. Mr Muhammad S*larAraiTr FCCA (SeTrlor StatsrtoryAudltor) for and on behalf of MUS Ae¢ountsnts Umited 28 January 2026 Chartor•d CèrtsfiedAccounlants and StatutoryAuditor 268 Bath Road. Regu$ Offi¢e 146 Slough SL14DX THE SLOUGH ISLAMIC TRUST STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrnstrlctèd Unrnstrfctsd funds funds 2025 2024 Notss lftcom• from: Donalrons and legactos Invgsknents 192,757 258,299 227,526 217.231 Total Incomo 451.056 444.757 Eyndlturg on.. Raising funds Charilablè aclivities 17.735 152.346 9.993 203.342 Total expendI￿r• 170.081 213.335 Nel gainsl(fosses) on In￿$t￿ents 11 1411.000} N•t 1ncomell•Xpendl￿rnj and movemgnt in ￿ndS R¢¢oneiliallon of funds." Fund balan¢es at 6April 2024 280.975 (179.578) 6.479,364 6.658,942 Fund balances at 5April 2025 6,760.339 6.479.364 Thg Statement of financial a¢*vibes Inckths all gains and losses rettgni8ed in year. Air income and expendrturg derive from conJnuing actMi*5. THE SLOUGH ISLAMIC TRUST BALANCE SHEET ASAT5APRIL 2025 202S 2024 Fixed as8•ts Tan9ible assets Investment property 13 14 2,150.495 3.215.WJ 2,066.435 3.215,000 Currgnta¥s•ts Deblo Cash at bank and Ni hand 5.36S,495 5.281.435 15 12.370 1.631.219 21.090 1,373.019 Credltorn: amounts falllng du• wlthln ono y•ar 1.643,589 1,394.1C6 17 (248,745) (196.1801 N•t ¢urr¥nt assèts 1.394.844 1.197.929 Totsl wots le$8 currnnt liabllttle5 6.760.339 6.479.364 Th• funds of the Unrestricted fuThd$ 6.760.339 8.479.364 6,760.339 6.479.364 The financial statements were approved by the trustees on 28 &inuary 2026 Mr Mohammad Afz Thi$tse THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Aeeounling policies Charity informallon The Slough IsLgmic Trust a PUbr￿ beneft entity and registered a5 1*aritatle incwornted organi5ation {ClOI in England and Wales wrth tharity commission having c*bafity registration number 1191187. The principal office address is 78 Diamond Road. Slough. SL1 IRX. 1.1 Ba$1$ of pr*paTrtion The ffinanaal statements habe been prepared in ac¢ordance with the'$ goveming do¢yJmenl, the Charibes Act 2011, FRS 102 Yhe Finan¢￿1 Reporting Standard applic3bSe in the UK and Republic of Ireland" and the Charibes SORP -AcoJunting and Reporting by Charrlies.. Statement of Rè¢ommended Practica appl￿ble lo ¢harilie5 preparing their accounts in accordance wth Ihe Fir*anc4al Repo￿n9 Standard applicable in the UK and Republic of Ireland {FRS 102)". The is a Pubh¢ Benefit Entty as defined by FRS 102. The has taken advantage of the Pr￿ls￿)n$ ift Ihe SORP forchwit1￿ notlo prepare a slatemont of cash flows. The finarrial statements have departed from the Charilies (Attounts and Reports) Regulations 2008 onty lo the exlent required lo provide a true and lair vrew. Thi5 departure has involved following tho Statement of Recornmended Practice for charibes app￿￿￿ FRS 102 rather than Iho version of the Statem&nl of RecThnmended Practu which is refer￿d to in the R￿lat￿ butwhich has since been wilhdrawn. The financial statements are wepared in stertirwJ. whic* is the fUTh￿￿)nal currency of the . Monetary amounts in these fmanoal siatornents aro rouM8d to the nearest L Thg finanoal statsments have been prepared under the historical cost convention. Imodffjed to indude the revaluation of freehtskl propertie5 and lo indude irkvesknenl pwperties and certain finanoal instruments at fair valuel. The principal a￿ntIng FdK4eg adopted are set out beJ¢w. 12 Going concern Al the time of approving the finanaal statement$. th8 trustees have a reasonablg expectation that the has adequats resources to conb'nue in operalional existenc* for the foreseeable fvture. Thus thè trustees o)nlinue lo adopt the going concem basis of ac£ounling in preparing the finan￿al Statements. 12 Charitable funds Unrestricled funds arg availab￿ for w al the discre￿n of the trustees kn fvrlherano of their charitable objectives. Restricted fvnds are subied to specific condilions by donors or grdnlors as to how Ihey may be used. The purposes and uses of the restricted fuTrJs aro sat QLrt in the notes lo the financial statements. Endowment fijnds are subièL* lo speak G¢)nthlions by donors that the caprlal must ￿ mainlained by the. 1.4 Income Ineoma is rèu19nts￿ Wh￿ the is legal￿ entilled to il aft8r any pèrfomiarKe conditions hav8 boon m&1, the amounts can È• measured reliabty. and il is probable that income will be recewed. Cash donations are recognised on receipt Other d0fta￿n$ are re¢>)gnised once tho has been notifi8d of the donation, unle55 performance conditions require dgferral of the amount Income lax recoverable in relation lo donations reoived under GiRAkl or deeds ofcovenanl is reccsrnsed al the time ofthe donation. 10- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (Co￿rINuED) FOR THE YEAR ENDED 5 APRIL 2025 Accoufttlng pollcley (Conllnugdl Legaoes are rewnised on receipt or otheTh￿se ff the has been notified of an impending distrib4Jtion. the amount is known. and rÈ¢eipt is èxpected. If the amwnt is nol known. the legacy is treated as a ￿ntingent a$seL Rental income is recognised on an a(xNals basts ovw the tem) of the tenancy agreen*nt lo rt relates. InDJmg is ueditgd to the Stalement of F1nan(aalA¢ti¥￿eS on a straight4ne basls. 1.$ Expendltuft Expenditure i* recxynBed once there is a legal or o)nstructive obligatiLin to transfer eo)nomic benefit lo a third party, it Is probable that a transfer of ecoTh)mic benefits will be required in setuement. and the amount of the obligation can be ffwurèj re￿bty. Expenditurg is dassified by actNity. The costs of eath athity are rnade up of the total of direct c¢sls and shaTed costs, induding support r))sts irNofved in undertthThJ eath activity. Direct costs attributable lo a single a￿VIty are all¢)cated directly to that acbvity. Shared costs whth r£¢nlribLrte to more than one a¢tNity and 5UPPOrt cos15 which are not attributsble to a adI￿ty arg apportioned btheen those a¢tNitsos on a basis nsisienl with Ihe use of resources. Central slaff costs are allocaled on th& basis of tirne spent. and deprec*at*)n charges are ￿located on the wtion of Ihè a5sefs use. 1.6 Tanglble fixed assets Tangible fral instrU￿nts. Financial instruments are recogni5ed in tho 's b*nce sheet when the b•com8s paty to thg ￿ntraC*ual provisions of the instrument. Finanaal assets and lialifthes are offset. with the nel amounts presented in the finanaal statements. when there Is a legalty enforceable right to sel off the reo)gnised amounts and there is an intention to setue on a net basis Of to realise the asset and settte th6 liabilty simLltsneously. Baslc finanelalassets Bas￿ finanrAal assets, which inc4ude debtors and cash and bank balènces. are initially measured at transaction price induding transaction costs and are subsequenty carried al amorlised cosl using the effective interest method unless the arrangement constiiutès a finanung tsansaction. where transa¢bon is measured at the present value of the fuivR receipts disc¢unted at a market rate of interesL Financial assets dassified as rnc*ivable within one year are not amothed. Bas1¢ fftwn¢l•lMabllftl•s Basic finanaal liabilities. induding Credito￿ and bank loans are inthally reo)gnised at Iransact¢on price unless the arrangemgnt ¢on$tilutes a finanoro transaclb)n. where the dèbt instnjmènl 15 measured at the present value of the fvture payments discounted at a market rate of interest. Finanraal liabilities dassffiod as payabl& within one year are not amoitisfyj. Debt instrumonts a￿ sUbSeq￿ntIY at wTr)rbsed Cost. Us￿9 the effth interest rate melhod. Trade crediiors are obkngalKJns to pay for goods or 5eNices that have been acquired in thg ordinary Coufse of operations from supplier5. Amounts payabk are dassÉfied as current liabiifaes rf payment is due within one year or less. If not. they are presented as noiFcurrenl knabilitbes. Trade creditors arg recognised Initialty al transaclKJn pr￿2 and subsequenlty m&%ured at amortIs￿ cost usirwj the effecjivè inlèrost m4lhod. Derecognition of financial liabilities Financi￿ liabilities ar8 derecognis8d when th8's (aintradual obl#Jalions expire or are discharged or cancalled. 1.11 Employw bgngffts The c4JSt of any unused homay enlillement is recognised in the period in which the employee's seNice$ are receNed. T9rninat￿ft bènefits are recognised immedialety as an expense when the is dèmonstrab]y tsjmmitted to te￿Inate the employment of an *npbyee orto WO¥Kle temination b￿fits. 1.12 R•15rnmonl benefits Paymet)ts lo defined contrbution reliremgnt bgnefft schemes are charged as an ex￿nse as they Pdll due. 12- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Critic•1 accounting ¢stimatss and judym¢nts In the appli¢ation of the '$ a(￿Unting policaes. thè trustees are requi￿ lo make judgements, estim8le3 and assumptions about the Carr￿n9 amount of assets and 1k3bil￿es that are not readli y apparent from other sources. The eslimales and assotyaled a5sumplions are based on hi5tori(a experience and Olher factors that are considered to be relevant. Actual resutts may dffterfrom these estimates. The esbmalgs and underfsfjng assumpbjns are rthfjewed on an ongoing basis. Revision5 to accounting estimates are recognised in the period in whth the estirnate is rwsed where the remsion affecls onty that period. or in the period of the revision and future periods where th& revision affects both ojrrent and luture periods. Donatlom and l•gacl•s Unvestrlcted Unrestrlctsd funds fund8 2025 2024 Donations and gnls Donated goods and semces 17T.362 15.375 220.928 6.800 Income from iDY•skn Unr•strsthd Unmtrl¢tsd funds fund8 2025 2024 Rental income Intere51 r￿Nable 251.017 7.282 210.335 6.896 2S8,299 217,231 Expend(￿Tr on rnlslng funds Unrostrlctsd Unrnstrlctsd funds fund5 2025 2024 Inv68lment manag•ftw 17.735 9.993 13- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Expondltur• on charllablo aclS¥itie Charitablo Charltable EXPendi￿rn Expenditurg Unrestrletsd Unrestricted 2025 2024 Dlrect costs 78,831 17.667 8.595 17,712 31.034 24.125 728 7.639 2.443 1.474 1.222 3,596 DeprerAabon and impwmw Donation pa*J Rent and rates Ligm and heat Repair5 and maintena Telecommunication Insurance Gener￿ expense IT cost Cleaning Other charitabio expenditure 16,984 17.￿7 32.593 15 9.255 979 1.465 Sharn of 8UPPOrt and gov0rnan￿ ¢08ts18ee note n Govemance 5.000 8,276 Anatysls by fund UnrgslitL#ed fvnds 152.346 203.342 Support CO8ts allo¢ated to •clfvities 2025 2024 Govgmanca costs 8.276 Analysed between: Govemanee cost 8.276 2025 2024 Gov•rnanc• costs comprfs•: Audit fees Legal and professional 5,520 2.756 5.0 8.276 -14- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 5 APRIL 2025 Not mov•mgnt In funds 2025 2024 The net movement in funds is slated afterr*aryinglluediling): Feè$ payable for the audit of the charitys ffinancial statements Dèprgciation of owned tangible fixed assets 5.000 16.984 5.520 17,667 Thi¥ts¢$ None of the trustees (or any p￿sC￿ conngded vrilh them) receiNpd any romuneration or b8noffts from the during the yèar. 10 Employees Thg avernge monthty number of empknw duriThJ the yearwas: 202S Number 2024 Numb•r 12 Employm•rrt costs 2025 2024 Wages and salaries Other pension o)sts 55.761 1.085 T7.223 1.808 56.846 78,831 There were no employees whose arwyjal remUner￿l0n Yas than £OO.CO). 11 Galns and lomes on Inv•stsnw Unrestricted Unr•strictsd funds funds 2025 2024 Gains11￿)Sses) arising on: Revaluation of invesbnenl properbes {411.000) 12 Taxatlon The charity is exempt from taxation on its acb¥ib¢s be¢ause all its income 15 appr￿£ for Charitab￿ wrposes. 1s- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 13 Tangiblo r￿d assots Frn•hold l•nd A880ts uryl•f Flxium and Thj buudlngs con¥t￿¢￿0n fftUn9 Toul Cost At 6Awil 2024 Addrfion$ 2.341.707 .865 101.044 125.062 2,523.634 101,044 At 5April 2025 2.341.707 157.909 125,062 2,624.878 Deprnelatlon and impaimwnt At 6 April 2024 Oepreuabon tharg&J in Ihè yèar 357.936 13.114 457.199 16.984 3.870 At 5April 2025 371.050 103.133 474,183 Carrylng amount At 5April 2025 1.970.657 157.909 21.929 2,150.495 AI 5April 2024 1.983.771 25,799 2.066.43S 14 Invostm•Tht prop• 2025 Falrvalut AI 6April 2024 and 5 Aprl 2025 3,215.000 Invgsknent propety comwise5 Chittern Pla￿. Upton Sbjugh. SL1 2AD. 20 India Road. Slough. SL1 ISF. 135 Stoke Road. Slough. SL2 ￿ and 37 Montern Lane. Slough. SL1 2QW. Thg fair value of the investment proparty has been arrived at on the basis of a waluation Ca￿led out a122 February 2ff24 by Leo Horsffield Surveying Chartered Sufyeyor5 & RICS registèred waluer5. who are not cg)nnected with the ¢hanty. The valualion was made on an open martel value basis by ￿fereTr¢e ts market evidènce of transaction pricès for similar properties. Thè trustees have reviewed the valuatK)n as at 5 April 2025 and, having considered that there have been no signfficanl movew*nls Sir￿ th¥ previou5 valuation carrAd out by a prof8ssional valuer, b81i8Vg the current Valua￿n remains appropriate. 202S 2024 Fwhold 3.215,000 3.215.000 -16- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 1S D*btor¥ Amounts falllng due wlthln y•ar. 2025 2024 Trade debtor5 Olher debtors 18,350 2,740 2.740 12.370 21.090 16 Loam and overdrdfts 2025 2024 other loans (Qao+Hasna) 242.672 180.482 Payable within one year 242,872 180.482 Olher loans lQarz*Hasna) are interest frEe h)arts gpffjn by thg k¢al ￿MMUftty for the development of th charity and are repayabfg on demand. 17 Cvedltors: amounts falllng dutr withln one year 2025 2024 eorrowings Olher laxalion and soc*1 s￿rity Other ueditors ADJual$ and defeffed uJ(xJme 242.672 453 {351) 5,971 180.482 244 9.483 5.971 248.745 198.180 18 RetlT•mont ben¢fft sclwng¥ 202S 2024 D•finad contrlbutlon s¢hemB8 Charge to pmfft or loss in respe{# of defined c))ftt￿Ubon s¢hem 1.085 1,608 The operdles a deffined contrttjution pension sthenw for an quaffying employees. Tho assets of the sthemg are held separately from those ofthe in an independènlty administered hjnd. 17- THE SLOUGH ISLAMIC TRUST NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 5 APRIL 2025 19 Unrestrfcl¢d fund¥ The unreslrKted furKls of thg Charity ojmprise the unexpended balances of donations and grants which are not subioct lo specrfic condrf]ons by donors and grantors as lo how Ihay may be used. These include designated funds have been sèt aside out of unreslikled funds by the trustees for specrfic purposes. At 6 April In¢oming R•$ources 2024 rosour¢ts •xp•nded Galns and losses At5Aprfl 2025 G9neral funds 6.479,364 451,056 1170,081) 6,760,339 Prnviou5 year. At 6 Aprfl Incoming Resources 2023 rnsourc expended Gains and 10s50$ At S Aprfl 2024 General funds 8.658.942 444.757 1213.33¥ 1411.1)00) 6.479.384 20 Rèlated party transa¢llons Th8rg were no disthsable refated party transa(*ons during thg ygar12024- nong). 18-