Charity Registeration Number
292922
BAITUL AZIZ ISLAMIC CULTURAL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

BAITUL AZIZ ISLAMIC CULTURAL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trust
Taz Ahmed
Mamunur Rashid Faisal
Morhad Alam
Mohammed Amed Uddin
iz Miah
Saiyeed Tayeedul Haque
Charlty Number
292922
Prlnclpal Addrnss
1 D￿kenS Square
Harper Road
London
SE14JL
Independ•nt Exarnlner
Yousul Ali ACCA
Elrte A¢counlancy
102
Mik End Road
London
E14UN

BAITUL AZIZ ISLAMIC CULTURAL TRUST
Report and accounts
Contents
Pago
Trustee$, Report
Independent Examniers, Report
Statement of Financial AdI￿lIeS
Balance sheet
Notes to the Financial Statements
&15

TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies sel out in
note 1 to the financial slalements and comply with the trust's Igoveming documenll. the Charities
Act 2011 and "Accounling and Reporting by Charrties.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS 102> (effective 1 January 2019)"
ObJe¢tSves and actlvltles
The main policy adopted in furtherance of these objects is the running of a mosque in London and
there has been no change in this during Ihe year.
The trustees have paid due regard to guidance issued by the Charty Commission in deciding what
activities the trust should undertake.
Achlevements and perfomian¢e
Details of the development, aclivits'es and achievements of the trust during the year are set out in
the separate annual report.
Flnanclal revlew
There was a surplus of donations received over costs incurred during the year as shown in the
attached accounts. The surplus wll be pul towards the remaining costs of completing ihe mosque
building and repaying related loans.
It is the policy of the trust that unrestricted funds which have not been designated for a specific use
should be maintained at a level equivalent to between three and six month's expenditure. The
trustees considers that TeseTVeS at this level wll ensure thal. in the event of a significant drop in
funding, they wll be able to ¢onlinue the trust's current activities while consideration is given lo ways
in which additional funds may be raised. Thi$ level of reserves has been maintained throughout the
year.
The trustees have assessed the major Tisks to which the trust is exposed, and are satisfied that
systems are in place lo M￿￿ale exposure to Ihe major risks.
Structure, governance and management
The trust was established by a chartiable trust deed on 2 Octobei 1985.
The Iruslees who served during the year and up to the dale of signature of the financial statements
were..
Taz Ahmed
Mamunur Rash￿ Faisal
Morhad Alam
Mohammed Amed Uddin
A2iz Miah
Saryeed Tayeedul Haque
Page I

TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
New trustees are appointed by exisling trustees as need arises.
The trust is overseen by the ITuslees who meet regularly during the year. Imams are employed to
lead the worship services, teach the Islamic faith, look after the mosque and assisl in the religious
performances preparalory lo the congregational prayefs. They also provide advice on moral
upbringing lo help reduce drug-laking and other ills affecting society. The trustees expect lo soon
introduce a core curriculum syllabus for boys and girfs.
The trustees, report was approved by the Board of Trustees.
Taz Ahmed
Chairman
Dated.. Oct 312025
Page 2

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BAITUL AZIZ ISLAMIC CULTURAL TRUST
I report to the trustees on my examination of the financial statements of Baitul Aziz Islamic Cultural
Trust (the trust) for the year ended 31 December 2024.
Responsibllltles and basls of report
As the trustees of the trust you are responsible for the preparation of the financial statements in
accordance wth the requirements of the Charilies Act 2011 (the 2011 Act).
I report in respect of my examination of the trusys financial statements carried out under section 145
of the 2011 Act. In carrying out my examination I have followed all the ap￿ICable Directions given by
the Charity Commission under section 145(S)Ib) of the 2011 Ad.
Independent Examlnees Statement
Your attention is drawn lo the facl that the charty has prepared financial slalements in a¢cordance
vthh Accounting and Reporting by Charrties preparing their ao¢ounls in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference
to the Accounting and Reporting by Charrties.. Statement of Recommended Practice issuèd on 1
April 2005 vthich is referred to in the extant regulations but has now been withdravm.
l understand that this has been done in order for financial statements to provide a true and fair view
in accordance Nmth Generally Accepted Accounting Practice effective for reporting periods beginning
on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to beI￿ve Ihat in any material respect..
accounting records were not kept in respect ol the trust as required by section 130 of the 2011
Act., or
the financial statements do not accord with those records.. or
the financial statements do not comply with the applicable requirements concerning Ihe form
and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other
than any requirement that the accounts gNe a true and fair view which is not a matter considered as
part of an independent examination.
I don't have any concerns and have come across no other matters in Connection with the
examinalion to which attention should be drawn in this report in order to enable a proper
un
standing of the financial statements to be reached.
You
f Ali ACC
Date
Elite
102
Mile End Road
London
E14UN
ccount
nc
Page 3

BAITUL AJZ ISLAMIC CULTURAL TRUST
STATEMENT OF FINAIICFAL ACllVITfES
INCLUDING IFICOME AIID EXPENDITURE ACCOUNT
FOR ThE YEAR EMDEO 31 DECEMBER 2024
lJnr••trlct•d R••trlcl•d
Funds
Fun
2024
Total
Unr••irt¢t•d RMtd¢i•d
Fund•
Fund¥
2023
2023
Tot•1
2024
2024
2023
Not•s
Donations and ￿98¢￿￿8
298.520
2.110
300.6JO
303.165
3.919
307.064
Tot41
298.520
2.110
YOO.630
303.165
3.919
)07,084
Charitab* •clwilie8
216.557
216.867
192.107
1,125
193.232
N•t l•xp•rbdhur•llln¢om•
for lh• y•arl N•t mrN•n*nt
ltt lundB
32X
2.110
29S.N6
111.05
2.794
I t3,B52
Fund ￿ne+ ￿ I
January 2024
2.227.367
227.037
2.454,404
2.118.309
224.243
2,340,552
Fund b•l•o¢• ai Ji
O•¢•inb•i 2024
2.520.803
229.147
2.749.750
2.227.367
227,097
2.454.404
P•y4

8AITUL AZIZ ISLAMIC CULTURAL TRUST
Al at JI 0oc•mb•r 2024
2024
2023
Not•8
Flx•d ••Mts
Tangib￿ 8S88t8
CuTh•nt B•s•ts
D¢btois
Cash ai bank and Iw*J
2.617.535
2.350.680
4265
421.3$3
417.801
417.t61
dltorn.. •mo¥nt4 14llng du• wllhlD
on• y••r
11
2.110
rndllorn.. •mo¥nl• l•l¥ng du• •ft•r
mor• than on• y••r
12
Nel Arr•nt
lJ2.21S
12J.723
2.749.7
2.454.404
Im¢om• lundi
Re51iKt¢d fvnds
UniesiEic<ed lunds
IJ
229.117
2.$20693
2 749 75D
227.OJ7
2 227 367

BAITUL AZIZ ISLAMIC CULTURAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢ountlng policies
Chorlty information
Baitul Aziz Islamic Cultural Trust is an unincorporaled charitsble trust.
1.1 Accounting convention
The financial statements have been prepared in accordance wrth the Irusl's constitution, the
Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019)" The
trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to Prepare a Statement of Cash Flows.
The financial statements have departed from the Charitres (Accounls and Reports) Regulations
2008 only lo the extent required to provide a true and fair view. This departure has involved following
the Statement of Recommended Practice for charrties applying FRS 102 rather than thé version of
the Statement of Recommended Practice vthich is referred to in the Regulations bul which has since
been withdrawn.
The financial statements are prepared in sterling. wthich is the functional currency of the trust.
Monetary amounts in these financial stalements are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention, modified to
include the revaluation of freehold properties and to include investment properties and certain
financial instruments at fair value. The principal accounting policies adopled are set out below.
1.2 Going concern
At the lime of approving the financial statements, the truslees have a reasonable expectation that
the trust has adequate resources to continue in operational existence for the foreseeable fthure.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitable funds
Unrestricted funds afe available for use at the discretion of the trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specrfic conditions by donors as to how they may be used. The
purpose5 and uses of the reslricted funds are set out in the notes to the financial statements.
Page 6

BAITUL AZIZ ISLAMIC CULTURAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.4 In¢oming resources
Income is feco9nised when the Irusl is legally entitw to il after any performance conditions have
been met, the amounts can be measured rdiabty. and it is probable that income will be received.
Cash donations are recognised on receipt. Olher donations are recognised once the trust has been
notified of Ihe donation, unless performance conditions require deferral of the amount. Income lax
recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised al
the time of the donation.
Legacies are reeognised on receipt or otherwise if the trust has been notrfied of an impending
distribution, the amount is known, and receipl is expected. If the amount is not known, the *acy is
treated as a conlingent asset.
1.5 Resources expended
Expenditure is charged in the accounts at the time vthen a liability to make payment is incurred
1.6 Tanglble flxed asséts
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impaimienl losses.
Depreciation is recognised so as to write off the cost or valuats'on of assets less their residual values
over their useful lives on the following bases..
Land and buildings
Leasehold improvements
Fixtures, fittings & equipment
Motor vehicles
over life of
over life of
10010 p.a. on
10% p.a. on
The gain or loss arising on the disposal of an asset is determined as the difference befv￿en the sale
proceeds and the carrying value of the asset, and is recognised in nel in￿Me1(eXpendlture} for the
year.
1.7 Impairment oi fixed assets
At each reporting end date, the trust reviews the carrying amounts of tts tangible assets to
determine whelher there is any indication thal those assets have suffered an impaimient loss. If any
such indication exists, the recoverable amount of the asset is ests"mated in order to determine the
extenl of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalenls include cash in hand, deposits held at call vthh banks. other short-term
liquid investments wth original maturrties of three months or less, and bank overdrafts. Bank
overdrafts are shovm vthhin borrov•ings in current liabil[t￿$.
Page 7

BAITUL AZIZ ISLAMIC CULTURAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.9 Financial instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section
12 '0ther Financial Instruments Issues, of FRS 102 to all of rts financial instruments.
Financial instruments ar8 recognised in the trust's balance sheet vthen the trust becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounls Presented in the financial statements.
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liabilty simultaneously.
Baslc financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured al
transaction piice including transaction costs and are subsequently carried at amortised cost using
the effective interest method unless the arrangement ¢onslilutes a financing Iransaclion, where the
transaction is measured at the present value of the future receipts discounted al a market rate of
interest. Financial assels classified as receivable wthin one year are not amortised.
Baslc flnanclal Ilabllftles
Basic financial liabilities. including creditors and bank loans are initialty recognised at transaction
price unless the arrangement constitutes a financing transaction, where Ihe debt instrument is
measured at the present value of the future payments discounted at a markel rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequentty carried at amortised cost. using the effective interest rate
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or less. If not. they afe presented as non-currenl liabilrties. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Derecognltlon of flnanclal liabilitles
Financial liabilities are derecognised when the trust's contractual obligations expire or are
discharged or cancelled.
1.10 Retirement ben•ffts
Payments to defined contribution retirement benefrt schemes are charged as an expense as they fall
due.
Page 8

BAITUL AZIZ ISLAMIC CULTURAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2024
Crfts'cal *¢counting e¥tlmats• and Judgements
estimales and assumptions aboul the cafrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associaled assLtmptions are based on historical
experience and other factors that are considered to be relevant. Adual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are re¢ognised in Ihe period in which the estimate is revised where the
revision affects only that period. or in the period of the revision and future periods bthere the revision
affects both current and future periods.
Page 9

BAITUL ￿1ZISLA1￿1c CULTURAL TRUST
NOTES TO THE F*4ANCL&L STATEMENTS
POA THE YeAReNOeDJI DECEII8ER 2024
UnTr¥trftt•d
nd8
T4x41 Vnmtrkhd
R••tr*thd
Toiil
1024
2024
2024
23
2023
2023
296.SX)
3.110
3￿.839
JOJ.165
3.919
307.084
298.520
•thlll•• Exp
Mo•q
bBtl¥lll•s
2Q2J
Ktlvrtl•¥
2024
Staff ¢0
42.264
31.785
74,049
43410
74,461
Sh•roof wppOrttt*￿ (*•• Trx• $1
Shai•ofgO%*m￿cots (••• s)
140.817
1.800
216.607
116.008
1.8
*J••l• tylund
Unresthd•d fuThY
R••tyicthd iu
216.$57
192.107
1.12S
216 Q87

8AFTUL h2LZ ISLAMIC CULTURAL TRUST
)YE$ TOTHE FI￿￿KilL STILTEIAENTS
FOR TME YEAP E14DED $1 DE¢eMBER 2024
$upp•rt
20
2023
Suppc*lco
¢ost•
81•11 c
Deprecwt
Pr¢mix•
Admh¥w•iity)¢o
It))
$8.146
49.¢Q2
1C(>
12,IKVJ
40,818
5J.J56
10.
40,896
53.356
10,944
49,e02
32.970
140.817
142.617
119.Bg6
140.117
142.617
116.098
119.896
Truii•••
•%penie&1202&no* ¥*ie mmbJrn•d).
Ernploy•
tyl•mpoy••
2024
Numb•r
20
N￿mblI
Im•m8
P•yll

BAITUL AZIZ ISLAMIC CULTIJRAL TrUST
hVTes TO DIE FJNA14CLAL STATEMENTS
FOVI THE YEAR EIICetrJl DE¢EIIBER 2024
Empltyffl•nt ¢o•t•
2024
2023
42,364
68.310
923
57.233
43.148
T*nglb•l•flx•d
FIxiur••.
M•t•r V•hl¢l•¥
To141
trA￿lIng$ l*wo¥•ffl•ntA
Al l JInu￿ 2024
Addrtwi
sKthaits
At 31 0•G4fflb•r2024
D•prnGl4llon •n¥ Imp•lnn•rt
Al 1 J4nuaV 2024
Oeprety8bon charged In m• ￿•r
Elm￿01ed In re¥eci d Oiipx
At 31 D•c•mb•r 2024
Z02.424
345.000
2.450.024
2,786.
345.OCWJ
7.￿4
1451.124
•,020
J,101.961
17.530
27.371
e8.259
5,757
4.$10
428,285
58.146
24.116
H901
360.102
74,011
SM12
484,4Jl
Al 31 D•c•M￿rI021
501123
2.098,7
12,U2
2,$17.635
Al al D•G•mb•r2023
4,510
2.330.610
P4e12

BAITUL ￿z ISLAkllC CULTURAL TRUST
NOTES TO THE FINANCWL ST14TEI*NIS
FOR YEAReNDEDJI DE¢EMPER 1024
2034
202J
Arnvuntsf*llng thJ• ¢rtyMr.
io
Lo•ni and ov•rth•ft*
291.978
P*y4bl•wfvn
291.978
29t.970
Cr•dttorn'. •moiM*•fdkng du• on•
z.leo
21eo
2.1eo
2.1eo
13
Gr•tharn". •biityJrt•f4lllng ¢u• in•r yw
291.978
291.gn
291.9n
291.978

ts￿￿1L ISLAMIC CULTURAL TRusr
NtsTE$ TO YHE FINANellL STATE¥ENT¥
TME YEAR $1 DECEII•ÉR 2Q24
R•*kt•d lund•
Alo¥•m•rt kn i¥nd8
Mov•m•nt In fund¥
comlryr R•ww¢•• B￿aT￿* * i Incomlno R••our¢
i m¥our¢•*
Jlnuary 2023
*nc• 41 Ji
D•c•rnb•r
202
FunJ
Equywi
222.757
361
22).116
3.•19
2Ze.876
2.110
228.786
3.919
227.031
2.110
2￿.1￿?
14
*ty•l• •1 n•1 ¥••t• b•ts••n
nd•
21t24
Tetsi R•BtF¢￿•d
fvrm
2023
To
202J
2023
F￿￿ b4law 4131
D•t•mty•r2023 ar•
e¥nted ty
Tawibk735se
Current awt
INabihb•sI
2.311.JO0
X•.147
2.617,SJS
1103.613
227.037
2,330.690
132.215
2.$20.60)
132.21$
2.749 750
123 723
229.147
123,723
2,454.403
227.037

8￿TUL AZIZ ISLAMIC CULTURAL TRUST
ÉS TO THÉ F*IANCWL SIATEMENTS
FOP THE YEAR ENDED 31 WCE#BER 2024
Rd4t•d p4tytran•acUo
P•4e 15