GLOUCESTERSHIRE ISLAMIC TRUST FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
GLOUCESTERSHIRE ISLAMIC TRUST FJNANCIAL STATEMENIS FOR ThE YEAR ENDED 31 MARCH 2025 CoTs Page Trustees Annual Report ]ndqent FMiner'S Rey)rt Receipts and Payments WIt Statement of Assets and Liabilities Notes to the Finan¢ial Ststrfrtet
GLOUCESTERSHIRE ISLAMIC TRUST Page I AI¥NUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The GI(WshIye Islamic Trnst is fA)nstituted by Deed of Tntst datd I" Decnber 1976 as amended by a Deed of Appointsnart of New Tn and Variation of Tnt datal 28 February 1978 and is Registered Charity No.272760. tg81 and Admini5tratiYe Inforngtion Principal aAldre&8 2d All Saints Road BankeT5 National Westininster Bat 21 Eaw Street Barclays Bank 18 Southgate Street Independent Examiner H A Bhula 5 Howard Street Solicitors Dee & Griffin Huc£lecote Court 76 Hucclecote Road Glou¢ester A Management Committee Cld from the Bwd of Twste&s administeTS the Tn and Compri$. Managing Tnislee (Chaimian) Honary Stary Mr. S Dadabhoy Mr. Said Hansdot Mr. Abbas Hawnjee Other Trustees who servejj during the year were: _ Mr. Soyeb Kholwadia Mr. Ismail Kholwddia MT. Molwlled Bha?yat Mr.Junaid Ghanty Mr. Mohammed Hanif P&tel Mr. Abdth Dha]e
GLOUCESTERSHIRE ISIAMIC TRUST Page 2 ANNUAL REPORT FOR THE YEAR EI¥DED 31 MARCH 2024 (ConthL) Aims and Oryinizalion (ContsL) The of the TnLSt is to advance the TelIgi of Islam in x4rdanr£ with the tenets and doctrines of the Sunni Sect of Islam and the advancement of the education of Muslim ¢hildTen in aLxordance with the tenets and d(Ktsines of the Sunni Sect of Islam. In furtherance of its d)jert& the ftnaintains the Jama Al KarAm Mosque. The Tnjstees may. at their absDlute discr4iTh4 invest Trust money in any investsnent f the time being authoriml by law f(w investment of trust fijnds. Review of progress and achievements The Tll continues to operate an openkn policy in r1 of relIouS ethcation for the benefit of Muslims and non-muslims who are eager to learn about Islam. This a8ain has reAdted in re8ular visits from schtx)Is and cdleges during the year. TIre are also regular ledures by Islamic 3dlarS home and abr1. The Trust also has an ongoing policy of seeking to create harn]ony within the community at laTge and. to this en(L has cixllinued to c<Hwale with the tx)lic hospitsl and soGial seThices to ulldet5taD(lillg of the vatious cullutal need5. Other services the TTUSt continues to 0VIde Im a voluntsry basis indude burial se¥vi(¥ Circumc45ion for neThborn Muslim boys marriage selv1. Review of fmancial athities and affairs The Tntst had a surplus in the year of £14,933 (2024 sUTp1 £44.314) and Bank and Cash balantts on hand of £393,195 (2024 £378,262). The Wisl0n rectivcd incL¥ne t(tsIIRng £85.851 dwing the year which is 2Y/o down on last year. The decrease was across all income stream4 even rental income is slightly down with all the propthies fully let apart from 135 Barton Street which has been renovated and has ben sold since the year end. The sales woGeeds will be The Direct ChaTitable expendItse increased by IOOA compared to previ<ws year due mainly to Yroll and heating costs. Selary payments to staff are in line with Employment law. Mr. Said Hansdot (Tnjstee) Secretary On behalf of the GI(eSthre Islamic Tnt
GLOUCESTERSlllRE ISLAMIC TRUST Page 3 TO THE TRUSTEES OF GLOUCESTERSHIRE JSIAMtC TRUST I Tepcyt on the accounts of the TTUSt (Charity Do.2727&)) f(f the year ended 31 March 2025, whith are set pages 4 to 6. Respective responsibilities of trustees and euminer As the charity's tnkn are responslble fff the preparatton of the accoun you Consider that an audit is not required for this year under section 144 of the Charities Ad 201 Ifth¢ Cbarities Acf.) and that an independent exan)ination is needed. It is my resp(sibility to examine the accrAmts undu thion 145 of the Charities A¢ to follow proCedUS laid down in the gener8] Directions given by the Charity Commisslon (under section 145(5)(b) of the ChaTitie5 Act and to stste whether particular matters have come to my attentio Basis of independent examiners" report the Charity Cornmissioners. An examination includes & review of the ac¢ountin8 records kw by the Trust and a comparison of the acc(Rmts pr&sented with those TordS. It also includes the consideration of any unusual items or disclogrts in the aryjts and seeking explanations from you as trustees ¢oncerning any such mattus. The pr{Ke0 undertaken do not provide all Ihe idencE that woutd be Tequired in all audiL and C(5u¢D11Y I do exEYess an audit opiti1 on the a¢(xXts. Independent report In conntttion with our examinatio no material has c(Hne to my attention whith gives me cause lo bdieve that in any material The amnting rwrnls were kept in accordanrx with 8tIOn 130 of the chariti Act" or The aOUnts did not awrd with the acc4)untin8 rerds. or The accounts did not cOpIY with the applicable Tequirements conwning the forni and o)ntst rf Acc(Mllts set (xrt in the CbaTitie5 (Acc(kmts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair'view which is not a matter considered &8 part of an independent examination. I have come across no other rnatter5 in connection with the examination to which attention shimd be th7wn in this rryort in Lydet to enable a proper UndStaDding of the &c£Thts to be reached. H A BHULA (FCCA) Charteted Certified A¢LX)untaDt I I"January 2026
GLOUCESTERSHIRE ISLAMIC TRUST YEAR ENDED 31 MARCH 2025 RECEIPTS AND PAYMEiYfs ACCOUNT GENERAL PURPOSES FUND Page 4 VoluntAry sourtes 55,892 3.759 69,327 12,122 Inc4)me tsx and refunds locome from assets Rents from properties 26,2(K) 29.3(X) 110,749 PAYMENrs Dirttt charitable expenditure Payments to Imam and Kic 38,891 1.179 2,181 19.921 3,936 1793 35.894 1,073 2,732 16,919 3,713 2.182 Repairs and maintenan¢% to Mo4ue Li8bt and heating - Mosque Water rates- Mosque 68 901 513 Other expenditure Tdephone (net) 626 583 Service charges - rentsl propaties InsUrces. fellt pn)perties Sundries and bank charg 393 375 105 1.358 33 017 xceptionavcapitsl expettditsre Total payments 70918 66,435 Net receipts Tor tbe year 14933 44.314 Cash and bank balances at l April 2024 378,262 333,948 Cash and bank balances at 31 March 2025 391195 378J62
Page 5 GIA)UCESTERSHIRE ISLAMIC TRUST STATEMEY4T OF ASSE13 AND IJABILITIKS AT 31 MARCH 2025 2024 Monetsry Assets Nat West curretrt account Nat West Cllent acc(xJnl-No.2 Nat West building reserve fimd a¢U Nat West Gold account Barclays de)sit am)llAt 319,235 73,492 20 (39) 414 310,350 67.455 20 (39) 414 Total for general purposes funds 393.195 374262 Insured value Non-monelary Assets value Land and buildings used by the Tn.. Jama Al-Karim Mosque (at co} 557.319 3.(J)1.428 As*ts held fi)r functional u6e by the Tntst: ValLs fiunibjre and fixtures {nrtbk val) 56.399 71952 Insured value FTeehold Laod and Bvildin83". 135 Barton Street 13 Goodyear Street 2E All Saints Ro 46,555 27.530 5(Ki.(KJO 351.210 143,998 545.632 The finatal statements on pages 4 to 6 were approved by the Ex¢artive committe¢ on I lth Jalluary 2026 8nd were Rgned OD its behalf by: Mr S. Dadabhoy Chairnian For and on beIr of the GR(Rtershire Islamic Trnst
GLOUCESTERSHIRE ISLAMIC TRUST NOTES TO THE FINANCIAL ACCOUNTS Year ended 31 March 2025 Accounting Basis The aCCuntS have been pryared OD a receipts and payments basis with a kneDt Of Assets and Jiabilities, Capital EIpenditure The Sts illdude (2024: £0) inQUTal on demolisknng and iDg the Next door property. Pension A money purchase scheme is opernted through the Pensions Trust's Growth Plan Th¢ Pl 1$ a rnutti-employer scheme and therefore it is not possible in the nonnal crAwse of evats to identify on a L9)nable and consistent btis the sh*re of the underlying assets and liabilities belonging to individual participating employers Stsff costs 2025 2024 Tots] ernaluments paid to ernploye&8: Wa8es and Salaties Social Securftty - eMployS Pension 38.891 35,894 1,179 1,073 Avetage number of employee8 during the yeaT: Building Fund Nat West building rnsem fundaceountand Nat Wgst No.2 Account The building fuDd5 were establish by the Trustees to set aside fimds f the purpose of the possible firture renovalion of property adjoining the Mosque. Movements on the funds during the year were as follows: Balanrz at l A11 2024 67.445 Income 7,200 (1.153) Balanrx at 31 MCh 2025 73,492