REGISTERED CHARITY NUMBER: 293023 REPORT OF THE TRUStEES AND FINANCIAL STATEMENTS FOR THE YL4R ENDED 31 MARCH 2025 FOR THE ILFORD MUSLIM SoCIy PTr#ons & Jacksong Parther8bip LLP Ststutory Auditors 364. 368 Cranbrnok Road IlfoTd EG2 6HY
THE ILFORD MUSLIM socfETY CONTENfs OF THE FINANCLiL sTATEmEs FOR ThE YKARENDED 31 MARCII 2025 P4e Report of th¢ Thistees I to 6 Report ofthe IndepeDdeDt Audlton 7 to 10 StAtem¢ttt of FlnaRdal A¢ilvltl¢s Statement ofFth•ndal Posltlon 12 Statsment of C•sb Flo 13 Note• to the Sl•t•*ttt of Cub Flows 14 F4otu lo the FIA•D¢IAI St•tements 15 to 22 Detalkd Statement of Flwi¢lal Artfvhl 23 to 24
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trust¢¢s present their rewrt with the financi stanuts of the clwity for th¢ year ersde 31 March 2025. Th¢ tmstees have ad(yted the provision8 of ActIng and Reportin8 by Ch&ritie6'. Statement of Recommued Prnctice applicable lo chllriti¢s Prepari their accounts ID accordan¢¢ with th¢ Finall¢ial R¢portin8 St8ndard applicable in the UK and Rq)ublic of Ireland (FRS 102) (effective l J4llUary 2019). Th• Sodety The Ilford Muslim Society. a rc8iStered clwity in the UK was fornd in 1978. The llford Muslim Society is known as masild-E-Daatul Islam aJMI also knowD as BalfouT Road Mosque. was purchased in 1986. The Society'¥ PUtpo8e is to advall¢¢ the 18knic faith through the provision of 8 wid¢ rnnge of SPITitt1, educational and SLKial S1¢¢8 eDrich¢d with Isknic valucs that fifil the needs ofthe Muslim al the wider comlty. The Society is govern by the Constitittion which 8el out th¢ Tules and aims of th¢ Soci OBJECTIVES AND ACTIVITIES Objecdvts 2nd *lms Ow vision is to become a centre of ex¢elleTKe for Islamic learning and practice providing a bekcon ft>r both Mu81im8 and other finch communities who wi$h to gain a deeper ktM)wledge 8ty1 understanding of I$larn - place wbere one can expcrieoce atsd embrace the geouine ixftuty ofour f'tIL The Society provid¢8 nunther of gerviccs to the Muslim 4nd wid¢r commuDity. Scrvices incl. - Five cou¢84t10n8j Prayers includin8 Jumlja aod Eid prnyus - Madra88& for Children aged 4 112 upwards - Nikah (marriage) s¢rvi¢ . A&8istance irl Funernl Services - Spiritual development -youth and Social Dcvelopm¢nt majd Visits - Ar&bic cl888e8 for mllle8 - Qurjn ¢las$e$ for women - Hifz classes (m¢tn0ri8ation of th¢ Quran) Publlc btneflt The Tntstees confm that they bave Compli with th¢ duty in section 4 of the Charities Acl 2011 to h8V¢ due re8#rd to public benefit 8uidance bliSh by the Commission in deterniiDing the a¢tivitirA undertaken by th¢ Charity.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENfs AND PERFORMANCE Charitable aettvities There were a Dumber of highligbts tbrougbout the year. listed klow 8rc sonr of the k¢y highb'ghts which continued from last year. Food donations with the set up of all 8tlIa]S hub to provide f1 and ofhu csscntiais for those requiring fi88i8tance during the ¢08t-of-livin8 1818. A Dumber of r¢nowned speaka3 delivered i1C lectrjres to the mosque conwtio SAllats Classes. this 18 a Structurnl 2.ye4r VOUT8¢ to th¢ styd¢Dts Islamic knowled8e. tivities for youn ters CODtinue to be OT88nizcd 8Th1 the society is working w¢ll with a local community. These initipdtives Are focusing on the followiD8 activities.. - Scouts and Cubs artivities forund¢r 15s - Cycle workshops ¢y¢ling club - Days out for the conmiunity. eldttty and women We ar¢ in the procu8 of thi$ 4 fornthl Bet up once the reTh)v4tion of 106 Balfour road 18 ¢ompleted in 2026 Rebwlar Cycle runs are now takin8pla¢¢ for both the youth and wJult& Sal&81 (Prny¢r) times are uploaded to 8martphone 4)ps viz: a$Jid Timrtable, and MyM05que' Property r¢l•l¢d mxtt¢n The current year hal seen the rebuild of the adjacent buildin8 to the main llwjid building 106 Br0r This is a large project for which we have beeD fimdraisiti8 for over three year8. Along with exiBtin8 fimd& and new thnation8 the tar8et fund rnise was £12m ID totaL The rewWion br¢th down into Kv¢rnl k¢y 8ts8¢8: - Design and planning approval- complthl by MAd-2023 . Site cl¢Arance- compl¢¢ed mid 2023 . Bwment buil this was a niajor pjrt of th¢ proj¢rt both forni a fitwiciaily and time perspective, it required extensive excavation concreale buil4 this conwIeI in mid-2024. - Upper buildmg rebuild completed early 2025 - Final insp¢ction and building re8u]4tion sign offs ewted by ¢4Tiy 2026 We tieorujgthe proj1 LwIth1( in 12026 The final compktoj building will provide extensive SP for the Mmunity to gathcr and the cjwity to provid¢ aNI wn8iderably enh8nce its service8. Owership of Freehold propertle• The tide deeds of all prosrti¢s owlled by tb¢ charity . are held by llford Muslim S(Kiety Lid (a Cottwany litryit¢d by guarantr¢) h¢id io trust for th¢ ¢haTity. The title deeds place restriFtion on any future transaction of these properties requiring the Y to take InstruOn from the cbarity.
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 MARCH 2025 FLYAI¥CIAL REVIEW Reserves policy RN¢rv¢s are needed to bridge th¢ gap between the spetithng and [1VIng of income ond to cover unplanned ¢m¢rg¢n¢y repairs and other exp¢ndtturc. The sociery 8vern8e nK)nthly SlMn8 was £21.967 (2024: 38283) per month during year ended 3 1st March 2025. The trustees consider tht the ideal level of res would covw six 8Eain8 which is approximatsly £131.81)0. At the year ejthd 31st March 2025. the Current reserves come to £3.522.140 (2024.. £3.079,962), out of which free general reseryes wer¢ £592.069 (2024: £736.671). The trustees (x)nsider the society is in healthy position to continue 8UPPXt the s(Kiety obj¢ctive& FlmaD¢¢ The Exec7ve CoTDmitt¢¢ discwses all financial malters when the need 8rise8 in the D)onthly lleMent nwetin8S. The Society bas inn)lenMted its own strict financial prethc5 ¢0 eDsur¢ all 888¢ts. includin8 money to be Used re8ponsibly. Th¢ lety adheres to Mow L4underin8 Re8ulati4xw. Income rai8ed from the Societys Activities 1$ tssulily uled ts tover at Iw¢ part of the runnin8 co8L Genernl ruittiin8 ¢06ts ar¢ financed through donation8 and fillMlwTriSiV8 ¢V¢Dt8. Lloyd8 is the princip81 banker for the SIety, but an aCt is a180 held with Barc]ay8 Bank The society have retsined fund8 of £3.521140 in the Y ¢lld 31st March 2025. PROPERTY RELATED MATfEILS Until D¢c¢th 2022 all free1ld prowties were beld in trust by Inutees on behalf of the llford Muslim Society clthritable tnL From Dnber 2022 onwards this has now ¢h2n 011 PToperties are now held by a conwany limited by guarantse, llford mlIm Society limited,witb comwy regiStlan number 13847236. Thi5 cornpany now holds the propertie8 ia tnw for thc clwity, The title deed8 hav¢ b¢¢n anj to reflect this change for all the properties. this 18 bein8 procwed by the Land registy atsd Trcorth vrill roficct the new position as soon the iAnd rcgi$try update th¢ public rxords. FUTURE PLANS On compl¢tion of the Construction and Tenov&tion of 106 foUr IGI 4JE plans are ullder discussion to V8e thi8 88 a well needed cOmmty CCDtre whlch will 8erYe the collllnuDity. The Society also wish¢s to Ir the services to the Musjirn and wider Mmty. The Society wis1 to pursue activities to PTomot¢ 80cial and Islami¢ values. For this reaw the Society is currently looking at activities thai can Imild a fabri¢ within th¢ Valeotinu Ward that we can all be proud of. The Society is also looking lo 8erYice8 for women of the locaI COmty. by encournging participation of women in 8ctiviti¢s nm or lJ(tsted by the society. Page 3
TItE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31 MARCH 2025 Governing doeumeat ch8rity. The charity is ¢ootrolled by its governi docuDrnL a de¢d of trl and constitutes an UDiDcorp)rated charity, T¢1¢[¢d with Charity Commission on 10 Novenkn 1985 #s defthed by Clwiti¢s Act 2011. As reported last year the st(re of the cJ)arity is UTth intern rcvicw and discussion. we endeavour to change our strncture in accord&nce with Charities conjmission guidelines and recommended practice over th¢ wming years. The existing ullincoTPOTated chaTity status is WDsidered to b¢ out of dat¢ and is outT¢ntly OD 12 May 2025. 8 Charitable Inwv4tcd Organisth'on w48 tewte¥ed uler the name of llford Muslim iety (cbarity number 1213242). Re¢rnltm¢mt ahd appolntheD¢ of new tru•t The Trustees of the Society hav¢ the overnll rcsF#x18ibility for the Tn1 hold the office for three ye and need to be re<lected after their tell and can s¢rv¢ for a maxirn of two consecutive tern)s. The Executive Cortimittee is reryele£ted every three yeaTS at the xKietys AGM. Thc Exccu¢ive Committee have over411 c¢)ntrol and managThnt of the Society. The Executive COmnttee includes four offtL* Bearen: ManA8¢meht St•ff The n)&nagement of the day-t041ay activities of tbe Trust falls within thc r¢mi¢ of the Executive Committee. ADY c6c&lations are made by the Executive Committee to the TTUSte¢s. The Executiv¢ Cx)mtniltr¢ m¢¢t on¢e month OT moTe as required. The Society Iw approxintelY 34 en4Jloyees on payroll who largely con8tithte of teacbitig staff. A number of sub committees are wnFK)w¢MI lo the diffemit activities withiti the Society. The MrAlrassa Committee 11 liai8¢ dI[tlY with the Madrasga head in all m4tser8 patsinin8 to the M8drA&sa for exaryile. All Staff within the Society are mandatory to bave CRB check8. REFERENCE AND ADMINLSTRATIVE DETAILS Regl8tered Charlty number 293023 PrfDdpAI addrHI 112 Balfour road llford Ess¢x IGI 4JE Page 4
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Tntstee# Mr Faruq Ismail Mr Zaid Ali Mr JM Vakil Mr SS KhrI Exeeutlve Commlttee Mr BashiT Patel (Chairn) Mr Dilawer Bapuji Mr Imrnn Ayubson (Seuetw) Mr Ayub Da5u (Treasurcr) Mr Nae¢m KaTblwi Mr Gulam Ghani Mr Usman Natha Soelty Advl•tr• Arehl¢ert$ Th¢ Society work3 c108¢1y with A[Chi10M Ltd QD issues rclating trj the construction project. Audlton Preststts & Jacksons ParttteTrhip LLP Statutory Auditor8 364 . 368 Cranbrook Ro llford Essex IG2 6HY STATEMENT OF TRUSTEES. RESPONSIBILITIES The tn¥ are responsible for preparing the Rw)rt of the ThJstee8 the financial statements ID accordance with applicable law and United Kingdom AccoutttiD8 Stsndards (United Kingdom Generally Accepted Accountin8 Prnclice). Charity law requires the Intc¢S to prepare fllwi¢ial staD)eDts for each rUwla] year. Under thal law. the trust¢¢s bave elected to prepare the financial statements in accordance with Unikd Kwm Genernily Accepted Accounting Practice (United Kingdom AccountiD8 Standards applicable law). Under charity law the trustees nn8t not approve th¢ financial ststemcnts unless they aTC 88tisfied that th¢y give a tru¢ and fair view of the 8tat¢ of affairn of the charity and of the iDwming resources And application of rt50UTce4 including the incom¢ and eXndItUre, of th¢ ¢lwity for that In Prepari those fin8n¢ia] statellnI4 the tNsteeB wr¢ rewured to select suitable accounting p)licies and then awly them ¢on8istentJy, . Obse the m¢th(KJs and principles In th¢ ChaTities SORP. . judgements and estinmtes that are reasonable and prudeD¢ st8t¢ whether applic4ble acuting have been followe( subject to any material dq>sths digclosed and cxplained in the financiat statements: . prepare th¢ fjnancial Statllen on the goi08 concern basis unless it is inaprwe to presu that the clwity will continue in blneSS.
THE ILFORD MUSLJM SOCIETY REPORT OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEFS, RESPONSIBILfTILS- continued The trustees are reswnsible for keq)ing proper uting records wbtch dT8close with re460nable auracY at any time the finall¢ial p)sition of the charity and to enable them to ensure that the fiDaDcial statements comply with the Charities Act 2011 and The Charity (Accounts and Rel8) Re8u]ations 2(K)8. Tky ar¢ also resp)wble for safegwding the ats of the cjwity and hence for taking Teasonable steps for the prevention and d¢te¢tion of fraud al other iwtia. 2Q Approved by order of the IK>ftrd of trustees on........... ... ........................... and signed on its behalf by.. TThtee
REPORT OF THE TNDEPENDENry AUDrroRS TO ThE TRUSTEES OF THE JLFORD MUSLIM SOCIETY Oplnlon We have audited the financial statemeots of Tr llford Muslim Society 'charl) for th¢ year ended 31 March 2025 which comprise the St4ment of Financial ACtilties, the Ststement of Financial Position. th¢ Statemellt of Cash Flows and notes to the financial st8temenK including a SUD]DW of signthcaDt ac£oullting p)lici¢s. The fill81 rewtijg framework that been applied in their pr¢parntion is appli¢able law and United Kingdom AccouotiD8 Statmlarth (Uoited Kmg&)m GeneTally Ac¢ept¢d Accounting Practice). Jn our oplnion the finaDCi81 ststemetsts.. 8iv¢ a true and fair vi¢w of the stste of the charity8 affair# as at 31 Marcb 2025 and of its inwming ToUrceS and appli¢ation of rcsout¢4 for the yeaT theo end&l" have been prepared in a¢¢ordance with the require[nts of th¢ Charities A# 2011. BA8lJ for oplnlon We conducted OUT audit in accordate with tenlonal Sthndards OD Altillg (UK) OSAS IUK)) and applicable law. Our responyibilities und¢r thos¢ standards are fillther described in the Auditor5, Tesponsibilities for th¢ audit of the finanei81 slal¢mcnt8 section of our report. We are independent of th¢ clwity in ac¢ordanrx with the ethical requiTemts that are relevant to our audit of the fin4ncial statement# in the UK including the FRC'S Ethical Standar& we have fidfj]led our oth¢T ethical reswynsibililie8 iti a¢Gord8Dce with these requiremen W¢ believe that the audit cvid¢nce we bav¢ obtained is suificient and appropriate to provide a basis for our q>iDiOtt. Conclu•lon• relAtlnz ts golng eon¢¢rn tn auditing the fmancial stst¢m¢nt8. we v¢ rnNKlwJed thatlbe trurtee8' uBe of the going ¢oncern basis of &Gwuntin8 in the preparntion of the finaD¢ial statenxnts 15 appropiith. Based on the work we b&Ye perfoTm¢iL we bav¢ not identified any Materi unccrt8inties relating to events or condition8 that. individually or colleaiv¢ly. may c&st 8ignificaot doubt on tho cIwit8 Ability to CODtinue AS & 8oin8 Conce for a period of at least tw¢lve nw)nths frorn wben the finmncial statem¢Dts are authori¥ed for l88UC. Our respoD8ibilities and the respon8Th1 iliti¢s of the ttUatee8 with rw lo goin8 conccrD are desctibd in the relevant gections of this reporL Other InfornJdon The ITUSte¢s are respIble for the other itiforn)Atirn. The other infrnmtion comprises the inforntiOn Auditors thereo Chw opinion on the fwanGi41statemts does oot the other infotIOn an& except to th¢ extent Otherwi ¢xplicitly stated in our reprt we do Dot expre8s any forn) of llbsut wKlusion tbueon. ltt ¢onne¢tion with our audit of the fiDan¢iAI slatement8, our reswibility is to rcad the other iDfornwtion in doing 80. consider whether the oth¢r infornution is m&tuially in¢oDSiStent with the financial ststements or our knowledge obtained ID the audit or othenvise appears to b¢ materially miss¢ad. Jf we identify such material in¢orL8iStencie8 or apparent It11 mithatemenl4 we are required lo deterniin¢ wh¢th¢r this giv¢s rise to a Materi misstatcnTht in the fuwicial ststements thettLselves. If. based on th¢ work we have porfffltd we conclude that there is A material n)isslateml of this other lnf0nnatio w¢ are requir to report that fact We have nothin8 to T¢lXIrt in this regard.
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ILFORD MUSLIM SOCIETY Matter8 on whlch we #re requtred to report by excepdon We h8ve nothing to report in resFct of the following matters Whe thc Charities (A¢e4)unts and Report8} Regulations 2IXI8 requires us io rert to you if. in our OPiDiQn: the infomi8tion given in th¢ R¢port of the TnL8tees is inconsistent in any nmterial r¢5pect with the finarLcial statements" or suITicient acc<)utttin8 recorth have not Ixen kept: or the flliancial slaments are not in agre¢nKnt with the accountiD8 records and retsTh' or . w¢ havc Th)t rcccive41 all the infornMtiOD 4Dd expla[ln$ we require for our audiL ReBponslblllde5 of trustee4 As ¢xplained rn fulty in the Ststement of Tnee8, Re8WDsibilitie4 the trustees are responsibl¢ for th¢ prepaTatiOD of the financial statrmcnts which give a tnK and fair view. and for such Intern control as the trttees deterniine is aecessary Cnablc the preparation of financial statements that are free from marial mis8tatemenL whether duc to fraud or rAry)r. JD preparing the finaDci81 stst• the trustc¢s r¢qJonsibie for A8se&qin8 the charitys ability to continue 88 a goin8 Conc¢ dis¢losin& as applicabl< matter8 ftlad ts goiDg And u$ing the going concern basis of accounting unless the truslees cithcr intrnd th liquidate the charity or to cea8c operation& or have no realistic alternative but to do so. Page 8
REPORT OF THE IIWEPENDENT AUDITORS TO THE TRUSTEES OF Ottr respOlbuldeg the audtt of the fi#anelg1 statemeDts We have been p]nted Is auditOTY under Section 144 of the Charitses Act 2011 ond r¢port in a¢¢orthnet with the Act and relevant regulatioos made or baving effect Our objectives Are to obtain reasonable assur8we abo whethu the financial siatements as a whole are free frotn DterIal misstamenL whether due to ftaud or aror. and to issue a RqxTrrt of the Ind¢t Auditors that includes our opinion. R¢wDable assurance is a high level of assurance. bul is not a guarant¢¢ that audit conducted in accordance with ISAS (UK) will always detect a material misst&t¢ment when it exists. Misstatements &3n arise from fraud or error and arc consid¢r¢d material if. individually or in the a88re8at4 they could reasonably be expected to inAKI¢ the cwnomic thisions of usets laken on th¢ basis of the8¢ f]nan¢ial ststeD]¢Dts. Th¢ extettt to wbich ourproc&lure8 are capable of detrcting itie5, iticludiD8 fraud 18 detailed below: IrreBularities. including are instati8 of notroryliAnc¢ with laws and regulAtionN. We identified and ass¢ss¢d th¢ risks of terIaL mi38tstetsl of the fioaocial ststemcDts from IegUlaTI11¢S, whether du¢ to fraud or error. and dAscwsed these belwe¢n our audit team members. We then designed 8Dd pcrfomrd audit predureS fespoDsive to th08e ris including obtsining audit evidence &Jfficient ond oppropritttr to provide a basis for our OPiDiOn. We Obtsin an under8tandin8 of the legal and regulaw frnnmrk within whieh the ch8ritsble company operates. focusi OD thos¢ Ip¢W8 aud regulations have 8 dir1 effKt OD th¢ determiDatiOD of mat¢riAI 8mouots and dise1th8ures itt the financial st8iements. The laws and r¢gul&tions we nsIdered in this coni¢xt w¢r¢ the Companies Aci 21)06 togeiher with the Charities SORP (FRS102). We 0&s¢58¢d the required compliance with these laws and rcgul8tion8 0$ part of our audit proCedUS QD th¢ related financial statement ileme. In Athlitioo we con8idctcd provisions of oth¢r IM and regulations thal do not ITh & direct effect on the financial ststements but coll¥)liaTe with which migbi be fuDdam¢Dtal to the clwit8ble ¢olw& ability to op¢rMt¢ or to avoid mateTial penalty. We also considettd th¢ opportwties and inc¢ntiv¢s that tnay exi8t within the cheritable compaDy for fraud. The laws and re8ulatiOD8 we con8tdered were General Dala Protection Re8ul4tioD (GDPR), ¢nJploymrut taxalion 1¢8t$I4tio and 8nti.fraud, brittry and cotyion legislatio CRB checks. Auditin8 8tandfirds limil the rcquircd audit pdr¢S identify nonwDpRiance with these laws and rc8ul&tions to ¢nqviry of the Tnths and other managent Ond of re8ulatory alld Icgal orTesrK)ndence, if any. We id¢ntified th¢ gr¢at¢st risk of mAterial impftct on the fmaacial yt4tements from itre8ularities. including fr8u4 to be within the tsming of recoltiOn of incoff¢ and the override of controls by monagMnt. Our Audit procedureg to resp)nd to thesc risk5 I}Uded enquiries of MaDa8¢nt. Int1 audit and the TnJste¢s at)1 their own id¢ntifi¢&tion and a&wment of the risks •lld irregularities. swryile testin8 on the postin8 of journal$, Thiewing accounting estimatrs for biL8¢s. revivving regulatory n8ndenCe with Charlty commissio review of donor audit rew, and ru(bng of minutes of meetings of those charged with Page 9
REPORT OF THE ThEPENDE AUDoRs TO THE TRUSTEES OF THE ILFORD MUSLIM SOCIETY OwinB to inheTent limitlon5 of an audiL there is an unavoidable ri that we may not have detecte4J some material mi88latements in the finoncial Statn¢llts. even though we have properly planned aud our audit in accordance wih auditing statxlards. For example. the fiuther removed non-compliance with laws aDd re8ulations (lgUlarItieS) is from the cvents and transactions refiected in the financial statements, the less likely the inherently limit Proced rquired by awliting slarthrth would identify it. tn Additio as with any audit. there remained a hi8her risk of Don ddection of iTregularitie8, a8 tbese may involve Coll10 forgery, intentional Omi10 mrepresentstiOns, or the override of Intern controls. We aTe not responsible for preventing nolbc0ttAlatsCe and be expected to detect lIance with all laws and re8ulation$. A further desuiption of our reSIL91b1IIt1C& for the audit of the fillatic statements is lo¢ated on the Finan¢ial Reporting Coun¢il's websit¢ at WWV.frc.or8.uklauditorsxNpK)nsibilitse4. This des¢TiPtsOD forn part of our R¢EM)rt of th¢ Ile[nd¢llt Auditors. Use of our report This report is made Kilely ts the charity8 trust¢¢s. 8$ a bLMIy, in accord with Part 4 of the Chariti (Accounts and Rem) Re8uIAtsons 21N]8. Our audit work has been ndakell so that we might 5t81¢ to the ¢barki8 trustees those matteTr we are required lo ststc them ID an auditors, report and for tto otber PUTPOS¢. To the fullest exient perniit*d by law. wc do Dot ac¢¢pt or assume responsibility to anyonc oth¢r thall the clwity and th¢ cbar1$ Iru8t¢¢s w a t. for our audit worL for this rep)rL or for th¢ opiJi0Th8 wc baye fornK4L A PA(Vrwg),&cA, £FP. Pr¢stQDS & JacksoD¥ P8rfncr8hip LLP Statutory Audiiors 364 . 368 Cranbrwk Ro4d Ilford Essex IQ2 6HY Page 10
FOR THE YEAR EED 31 MARCH 2025 31J.23 UDrntricted Rtstricted Total fund funds 31.3.24 Total funds INCOME FROM Donations 518,917 SI17 379,323 Charitable aetlvltlei 18&968 J84968 181,742 Totsl 70S885 561,065 EXPENDITURE ON Chorft4bl¢ actlvlde• 173,994 89h17 J73J94 89h17 185.5( 273,993 Mosque & community 263.611 263,611 459,493 NET INCOME 442374 442374 101.572 RECONCIIIATION OF FUNDS Total funds brou8ht forward 3,079866 3,079 2.978,294 TOTAL FUNDS CARRIED FORWARD 3J22,140 3J22,140 3.079,866 The notes fornj part of thex financial statements P88¢11
THE ILFORD MUSLIM SOCIETY STATEMENT OF FINANCIAL POSMON 31 MARCH 2025 31J25 31.3.24 FIXED ASSETS Tangible ass¢ts 2930,071 2J43.195 CURRENT ASSETS Cash at bank and in hand 62&029 761,869 cREDoRs 12 (35.960) (25,198) NET CURRENT ASSETS 736,671 TOTAL ASSETS LLSS CURRENT LIABILITIES 3J2l140 3,079.866 NET ASSET8 3J22,140 3.079.866 14 UDrestrict¢d funds 3A22,140 3,079.866 TOTAL FUNDS 3J21140 3,079,866 ial statemthts were awroved by the BoaTd of Tntstees attd authorised foi igSUQ I)D . .%Q.%G............. and were 8i8trd on ILY blf by: Tntstee n15 The notrs forn] part of these ffflJncial statements Page 12
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 31J25 31.3.24 Notes Cayh floTv• from operating #dfvltks Cash generntsd from operations 47&118 341347 Net casb Eovid¢d by operating 8Ctiviti 474118 341 J47 Cash Ilowl from InvH¢thg ¢tfvltAe• Purchw of tan¥ible fixed assets (611958) (435,388) N¢t cash u8ed in investing activities (611,958) (435.388) Change In ckn Ind eqUIvllts ID tbe reportillg period Cajkn and eqllfvAk•ts It th¢ benDIng of the repordAg perlod (133WO) (94.041) 761169 855,910 Cath and ¢*•h ¢quIv•lts at the end f th¢ reportltsg rh 628,029 761,869 The notes forn] part of these financial stat¢nK Page 13
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATIOI¥ OF INCOME TO NET CASH FLOW FROM OPERATING ACTivrrIES 31J25 31.3.24 Net Ineome for tbt reportlttg p¢rlod ( per tkn St*t¢m¢tht or Flnanclal A¢tivitivJ) Adjustments for. tkpreciation clwges L05s on disposal of fixed 44U74 101,572 2S082 16,280 208.662 (i) 14,314 520 Decrease in debtors Incre&se in creditors IIK762 Net provlded by optradonj 47&118 341,347 ANALYSIS OF CHAI¥GLS IN NET FUNDS At 114124 Ca8b flow At 3113125 N¢t ¢uh Ch at bank and in hand 761 {133I40) 62&029 761 <133W) 628,029 Total 761 (l33W) 628,029 Th¢ not&8 f(Km part of thes¢ fmancml slalem Page 14
NOTES TO FINANCIAL STATEMENTS FOR TItE YEAR ENDED 31 CH 2025 ACCOUNfiNG POLICIES Bsl8 ofpreparkng tbe nMndal ststements ¢S$ent of golng eoncern The fanCIal statements of the cjwity. wbich is 8 public kn¢fit entity under FRS 102. bave been prepared in accordance with the CIJariti¢s SORP (FRS 102}'Accountin8 and RepKgrting by Clwiti¢s: St&tem¢nl of R¢comm0ed Practice applicable to charities prepari their accoullts in accordancc with th¢ Financial Rwting Ststmlard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financi81 Rewyn8 Stan(lard 102 Tr Fin8nciAI Reporting StsndaTd applicable ID the UK and R¢public of Ireland, and the ChaTitie8 Act 2011. The financial stst¢D)ents Cothg concer The chty bas sufficient futmts to Continue opuating aDJ PTovidc services to the conjmunity. It 18 for these rcwns thc arUll hav¢ be¢n prep&ed on & 8OiD8 b&qis. Income All income is r¢coguised in th¢ Statement of Financial Activities 0< th¢ thlltity ha8 entitlement to the fithds. it is probable that the income will be received 8Dd th¢ all can be measured reliably. Donations are r¢co8ntsed when re¢i¢ve4L Madr838a 18 regnIsl on & LeYbI¢ basis. Gift aid iti recognised on a recievabl¢ bui8. ExpeDdlture Liabilities are re£ognised as expenditure 48 Soon •8 there is a le8al or constructsvc obligation COTtllnitling thc ch8rity to expenditure. it 1$ probable that 8 tr8Dsfer of economic b¢n¢fits will be required in 8cttlen)¢nt aud th¢ amount of the obligation can Ix mwurcd reliably. Expenditure 18 accountrd for on an acCnlS basis and b&s beeo ¢iag3ified under headings that awegate flll cost related to thc category. Where ccéts cannot Ix dirccdy to pthicuiar he8dyngs they have been loCated to adivitie4 on a ba818 coNysW with the we of resoutt. TAll8lble fixed Tangible fixed wets are sthted at hi5tOTical cost less 8ccumulated depreciatiijn and any 8ccumul#ted imp&innent losscs. Historical cosl includes ¢xp¢nditur¢ that is dircctly 8tiribulAble to bringing the asset to the location and condition t¢&%ry for it to be capable of opcratiD8 in the manner intended by 8CMent. D¢preciation is charBed so as to allocate the costs of a83¢ts less their res1thl value over th¢ir e8tim&ted usefid lives uslng either a str8i8ht line or Teducin8 balaDce methtyl as indi¢at¢d below. Depff¢i8tion 1$ provid on the followin8 basis: Freehold prom . IY• on c4)st Plant and machinery - 25% on cost The assds rcsidual valu4 uf1 live5 IJMI depcIation method$ ar¢ T¢view4 and adjusted prospectivety if appropriate. or if there is an ifylicatioD of a SIlfinI dxfftnge since the18St reportJn8 date. Buildlng UDder COtruCtIon Expenditu¥c incutr¢d on th¢ Construction of LIdIng8 which not r¢ady for their intended u8e 8t the reporting date is recognised as Building Under Constructio Building Und¢r Constrwtion is rneas at CO8L which includes: Pagc 15 ntinued..
THE ILF%)RD MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENIS. conthued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLlCtLS. coDd•u¢d TAn8ible ffted . Direct con8tiOn costs (material4 lalmx. contractor ¢harg¢s) - Professional fee8 {al¢bit¢c ¢ngin¢er4 project maTrageDt) - Dirwtly attTibutsbl¢ born)wing Sts (where applicable) - Other costs directly attnbutable to bringi08 the asset to its prejent locati{ aDd rmtition for intended use Administrativc and gen¢tal 0vedadI not di[dY attributable to coll61nlI ex 88 Txatlon The Clty is ¢xcmpt from tsx QD its ¢lwit8bl¢ activities. Fund ¢¢ountlng Unrestricted fi(L9 b¢ ugal in accordawe with the charitable objectives at th¢ di%r¢tion of the Rcstric¢¢d funds can only be $ for pwticujar re8tricted purp within the objects of th¢ thajity. Restrithions artse when specified by the donor or when funds Arc raised for particul restricted piirpose8. Furtlkr explan10 of the tsawre and purp of cacb fund 18 in¢hthd in the nots8 to the fitsancial 81atements. Debton Basic fuwicial &8sety incIlD8 trade and othcr debtors, initially reLwiis¢d at tranwtion pric< unless the arrangement coostitutes a fiDancin8 transactio whwr th¢ tra8ctiOn is measured at the pre8ent value of the fvture rtteipts discounted at a market rate of ititeTe8LSuch w8et8 arc subscquendy carried 8t wnorti%d ¢t IlSlO8 the effective interest les8 any iftyirnKnL PtD#loo eo6ts other po8t•redremeDt bepellts The charity operates a defined contribution pen8iOD 8cb¢mc. ContrIblonS payable to the charitys pension 8cb¢nK 4rc charged to the Stateznent of Fi]wla1 Activitie8 in the Peri to whi¢b th¢y relate. Cr¢dltors Basic financial Jiabilitics. includin8 trade and other ¢Tedltory1o8 from third partie8 arml loans from r¢l8t¢d parties. initially recoBDiscd at trasactiOn pric4 utde58 the arr8e111Cllt ¢onstitutr$ 8 fin¢1n tr8TMciion. where the debt iNtrUTr is at thc present value of the future payments discounted at a market TJi¢ of inter¢5L Such IstrumentS are 8ub8equentiy carried at Pagc 16 ¢ontinue4L..
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIOP4S 31J25 31.3.24 Donfjtions SJ8J17 379,323 Grants receive(L Includ in th¢ are follows: 31J25 31.3.24 Friday CoU¢ction LillAh Nikab Fecs 5&620 430.025 SJOO 20,172 61.615 297.077 5.101 15280 250 Membership Fee8 518.917 379.323 INCOME FROM CHARITABLE AcfJviT 31J.25 31.3.24 186368 181.742 CHARrrABLE AcfMTIFS COSTS Support costs (see note 5) Direct Costs Totsls Madra58a M08que & commutiity 173994 74J96 173,994 89.617 15,221 248J90 IS321 263,611 Page 17
ThE ILFORD MUSLIM SOCIETY 40TES TO THE FINANCIAL STATEMENfs. wntlnued FOR THE YEARENDED 31 MARCH 2025 SUPPORT COST3 Finance Totsls I467 15321 TRUSTEES, REMiiNERATION AND BENEFITS There were no Inlet8, reDxmeratioD or ots b¢n¢fits for tkn year eThled 31 Marcb 2025 nor for the year ended 31 March 2024. The wcre no trSt¢¢¥' exp¢DseA pid for the year ended 31 Morth 2025 nor for the year ended 31 March 2024. STAFF COSTS 31J25 31.3.24 Wages and 8alaTiCS Oth¢T pcnsion costs 175a42 2,198 179,263 2,187 177J40 181,450 The avernge monthly number of aJyloyee8 duritig thc ycar VAS as follows.. 31J25 33 31.3.24 33 Charilable A¢tiviti¢y Admitiislrntion 34 34 No employees received ¢molumeats in ¢xcess of £60,(KKJ. Page 18 continue&..
THE ILFORD MUSLIM SOCIETY NOTES TO TllE FINANCIAL STATEMENTS- conthiped FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVFS FOR THE STATEMENT OF FINANCIAL AcfiviTIES 31.032•24 unrrACted R&stricled Totsl fimd fund funds INCOME FROM Donations 379J23 379,323 Ch•rlt•bl¢ Icdvld Madra5sa 181.742 181,742 Total 561.Q65 561.065 EXPENDITURE ON Cbrltble #etlvltl 1855(Ki 273,993 185,500 273,993 Totsl 459.493 459,493 NET INCOME 101572 101.572 RECONCILIATION OF FUP4DS Totsl funds brou8bt forvArd 2.978294 2,978294 TOTAL FUNDS CARRIED FORWARD 3,079,866 3,079,866 KEY MANAGEMENT PERSONNEL The Key M8nag¢nKnt Per50aDel ¢0ti4)rise of the BLMTd of Tte£s. I& AUDIT FELS 31J.25 31Ja4 Audit Fees 3JOO 1.440 2,600 Other Professional fees sioo Pa8e 19 continuc(L..
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCLAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2025 11. TANGIBLE FIXED A&SETS Buildings Under Fr¢¢hold Plant and COST At l April 2024 Additions 1067h69 435J88 57A655 211349 35J03 U23J06 611.958 At31 Marnh2 1067569 1.012.043 55J52 3.13S264 DEPRECIATION At l April 2024 awBe for year I150 iQ184 19961 8.898 180,111 25,082 At 31 March 2025 176J34 205.193 NET BOOK VALUE Ai 31 March 2025 lJ91J35 1012,043 2&693 293Q071 At 31 March 2024 1.907,519 435.388 288 2,343,195 12. cREDORS. AMouNfs FALLtNG DUE wrrH]N ONE YEAR 31J25 31.3.24 Tax8¢ion and s1813¢ Other creth'tors 15.908 20.052 21,161 4.037 3$960 25.198 13. ANALYSIS OF NET ASSETS BETWEE1¥ FUNDS 31J25 Tolal 31.3.24 Total Unrcstricted Re8tri¢t¢d fimd Fixed assets L930.071 6W029 (3S960) 2930.071 6¥029 (35960) 2,343,195 761.869 {25,198) Current liabiliti 3J2L140 3JU140 3.079,866 Page 20 continucd..
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCML STATEMENTS. eontinlled FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS Net movement At in funds 3113ll5 At 114124 UAre8trlcted fund8 General fund 3079 442274 322,140 TOTAL FUNDS 3,079166 44U74 3A22,140 Net DVet in fund& iluded in th¢ 8bove ar¢ as follows.. IoLxmiing Resourtt8 Movement resources ¢x ID fund8 Unr¢strl¢ted fund• Gener fund 705885 (263,611) 442J74 TOTAL FifNDS 705J85 (263.611) 442,274 Comparadvu for movem¢nt In fund• Net movement in fimd6 At 3113124 Al 114123 Uttrestrlcted (lerkernl fimd 2.978,294 101,572 3.079,866 TOTAL FUV41XS 2.978294 101.572 3.079,866 Comparativ¢ nct movthMt in fimds illrluded in the above are as follows: Incoming Re8ource8 Movement r&sources expended in fimds Unrestrleted funds 561.065 (459.493) 101,572 561.065 (459,493) 101,572 Pag¢21
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINLNCtAL STATEMENfs. conthiued FOR THE YEAR ENDED 31 MARCH 2025 IS. RELATED PARTY DISCLOSURES The totsl donations mad¢ by the tTr dw the yr4r VAS NIL (2023: Nil)