c+tARrrY REGISTrATION NUMBER: 293187 THE AHL UL-BAYf (A S) ISLAMIC CENTRE Unaudited Financial Statements 31 March 2025 FAIRMAN DAVIS Chartered accountants 3 Exhibition House Addison Bridge Place London W14 8XP THE AHL UL-BAYT (A S) ISLAMIC CENTRE Flnancial Statements Year ended 31 March 2025 Page Trustees. annual ￿pOrt ststement of financial activities Statement of financial position Notes to the financial statements THE AHL UL-BAYT (A S) ISLAMIC CENTRE Trustees. Annual Report Year end•d 31 March 2025 The trustees present their rewt and the unaudited financ481 ststements of the charty for the year en(1ed 31 March 2025. R•f•r•nc• and adm•nl*trntlv• d•talls R•gist•r•d ch•rlty narn• THE AHL UL4AYf IA S) IsL￿dIc CENTRE Chartty r•glstrntlon numb•r 293187 Prfn¢lpal offic• 17 Philmre Gardons London NW10 3LL Th• trustee• Mr M H Bahf AulocKn Dr Khalil Ibrahim Tabatabai Mr Ali Ali Saleh Accountant• Faiman Oavis Chartered acc(KJnlanls 3 EXhi￿t￿n H(yJse Idison BrKh¥ P18ce L¢)ndon W14 8XP Stru¢tur•. gov•rn•nu and m•n•g•nK•nt Govornlng Oocum•nt The chority is governed by a dedaralion of trust. Organl•atlonJl Structur• The Ahl Ul-Bayt IA Sl Islamic Centre is m8naged by its four Iruslees and who are re$r￿SIble for the strategic directTron and policy ol the charty. Rlsk Manag•m¢nt The Management Commrttee has f￿r￿l￿ted a review of Ihe moTrJr risks to whth the charity Is exposed to and continues lo monrtor this on an ongoing bas￿. Whwo appropnate. Systems or proc&aures have been eSta￿1$ho0 lo miligale the risks thg chanty faces. Obl•th•s and actlvltl•• The choritys ot4ectsves and its prwpal activitss are the propagatvi arml ad¥8ncom8nt ol th• Isbamfic Farth, the advanceff*nt ol educatK￿. Ihe preservat￿ ol heth Iho rnli8f ol sickness. THE AHL UL-BAYT (A S) ISLAMIC CENTRE Trustees, Annual Report Year ended 31 March 2025 A¢hl¢v•ments and prforniance The cKganisatsonal structure of the c*writy co￿Vri￿ the ix)ard of Trvslees, WIKI meets on a reguLar basis to ertsure the running of the chanty and a managem8nl leam. whth cam85 lh8 day-104ay activities Flnanclal r•vl•w A9ainst the backdrop ol limited resources and in light of curront circumstsnces. the tharity has ach￿Ved the èxpected oulcome for Ihe year. Plans for fulur• p•rlod• The charty conthues to plan for fuknrn development. with tho ￿tentI￿ of resuming its n¢xmal activitie5. in Pursuance of its listed defined obJectNes. over the forthcoming years. The Irusl8es' annual was 8PFYo¥ed on 22 January 2026 and ￿ned ￿ behalf of the b)ard of trustees by: Mr M H Bahr AlulcK>m Trustee THE AHL UL-BAYT (A S) ISLAMIC CENTRE ststefflent of Financial Activities Year ended 31 March 2025 2025 2024 funds Totsl funds Totsl fiJnds N¥)t• Incorne and endowments InVeSt￿￿nt income 73.365 73,365 29,572 Total in¢om• 73.365 73.365 29.572 Expenditure Expenditu￿ on charitable acbvities Total expenditure 7.396 7.396 4.481 7.3 7,396 4,481 Net incomo and not mov•m•nt In funds 65,969 65,969 25.091 Re￿ncIlIatI￿1 of funds Total funds brought forward Totsl funds ¢arrled forward 4.807.780 4.807,780 4.782,689 4.873,749 4.873,749 4.807,780 The staternent of finanaal adivities indvdes all gains armj ktsses recryJnised in the year. l incxjme and expendrture derive from conb"nuing activit￿. THE AHL UL-BAYT (A S) ISLAMIC CENTRE Statement of FinanGial Position 31 March 2025 2025 2024 Flxed assets Tangible fixed assets 675.003 Currnnt assets Cash at bank and in hand 4.264.234 4,872.266 Credltors: amounts falllng due within on• y•ar Net current assels 10 65.488 64.489 4.198.746 4,807,777 Total ass•ls less current liabiliti09 4,873.749 4.873.749 4,807,780 Net assots 4,807,780 Funds of the charity Unrestncted funds 4,873.749 4.807.780 Total ¢hartty funds 11 4,873.749 4.807.780 These finanoal ststemenls were approved by the board of trustees and authorised for issue on 22 January 2026. and are ￿gned on behaff of ￿ ￿ard by: £ZLL r M H BahrAluloom Trustee Th• not•s on pagva 5 tt+ 9 fomi part ot finandal ststwnonis. THE AHL UL-BAYT (A S) ISLAMIC CENTRE Notes to the Financial Statements Year ended 31 March 2025 General Snfomiatlon The charty is a public benefit entity and a registered chanty in England and Wale5 and is unincorporated. The 8ddress of the ￿ncipal offTh is 17 Philmore Gardens. Lc￿. NW10 3LL. Stalem•nt of compliance These financ￿1 statements have t*en Prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Re￿bI￿ of Ireland,. the Statement of ReComMe￿Ied Practice applicab￿ to charities preparing Ihwr accounts in acc%)rdan￿ wilh the Financ¢al Reportirrfj Standard applicable in the UK and R&wbli¢ of Ireland {FRS 1021 (Chanties SORP IFRS 10211 and the Charities Ad ￿11. A¢¢oUb￿sn9 polkl No aMi￿ntS are indudod in th8 financial statements for services donated by vdunteers because lI￿Se anmxjnts cannot be quantified with reasoftab￿ accuracy. Bas1$ ol pr•paration The financial stslements have been prepared on the hist(Kical cost basis, as mTrJrfied by the revalualbon of certain financial assets and liabilit￿$ and investmnl pmperties rneasu￿d at fair value thrtmjgh income or expenditure. The finan(ial State￿nts are prepared in sterting. whth is the fund￿1 currency of the entity. Golng ¢on¢orn There are m81enal uncertant*s abcMJt the charrtys a￿"Ity to continue. Fund accounting Unrestr￿led fvnds a￿ availab￿ for use at the discrettt￿ of Ihe truste￿ to further any of the Designated fijnds are unrestricted furKls earn￿rk￿d by the tDJslees ft)r particular fvture project or commitment. Restricted funds afe subjected to restrictions on their expenditure dedared by the dO￿r or through the terms of an appeal. and frdll into one of tswo sub-dasses.. restn.cted income frjnds or endowment funds. THE AHL UL-BAYT {A S) ISLAMIC CENTRE Notes to the Financial Statements fconthwdl Year ended 31 Ma￿h 2025 Accounllng polkl•s [C￿l￿r￿d) Incoming rnsour¢•s All incoming resour¢e5 are included In the statement of financial aCtivrt￿S when entillement ha$ passed to the charrty.. it is woba￿e that the economic benefrts associated ￿th the transaclion ￿11 flow lo the ¢*arty arHI the arN)unt can be ￿l￿bty mea5Ufed. The I￿lO￿ng specific $x)I￿leS are ineome from donatN)ns or grants is recognised there is evbjerbce of entitlement to Ihe grft. re￿Ipl is WObab￿ and its can be measur￿1 reliably. acy Income is recryJnised when receipt is wobablè aThJ enttlemenl is estsblished. inc*yne from donated gcK)ds is measured at the fair value of the gc(xJs unless th* IS impradical to rr*asufe reliabty. in case the value is derived from the LX)St to the ¢Y(N)or or Ihe esb"mated resale value. Donated facilities and services are recognised in the a¢￿Unt5 when ￿￿￿ed rf the v81ue can be reliabty meagjred. No amounts are induded for the conlribub.on of generdl volunleers. income from contracts for Ihe SL&pply of services ts reco9nised wrfh the delivery of the conlrdcted seThice. This is classTfied as unrestncted funds unless there is a contractual requirement for rt lo be spent on a particular wrpM)se and ￿{Urned rf unspenL in which case rt may be regarded as resln"cted. Resources expended Charitable eypenditure ￿MpriseS those costs inoJrr8d by the thaity in the delNery of ils activities and services for rts benefiuaries. 11 induded bolh costs that can be alloealed directly to such acIMt￿S and those costs of an indirect natu￿ necessary to support them. Govemance costs include Ihose costs aSS￿lated wrth meeb.ng the charitys constitutsonal and slatutory requirements as well as ￿)Sts linked lo the strategic management of the charrty. Tangible ats￿ts l fixed assets are initially re￿rded al c%)5t. Depreciation Depfeciation is calculated so as to WTrte off the cost or valuatirm of an asset. less its resfvtsual value, over the useful @r￿n(￿mi¢ lrfe of that asset as ￿1￿￿¥$. Impairment of fixed ass•ts A rewew for indicators of impairment is carried out al each reFOrting dale. h￿th the recoverable amount being estimated where such indicators e￿51. the caThwng value exceeds the recoverable amount. Ihe asset is impaired accordingly. Prior impairments are also reviewed for possible r8versal at oach reFQrting date. THE AHL UL-BAYf (A S) ISLAMIC CENTRE Notes to the Financial Ststements (conthugdj Year ended 31 March 2025 Accountlng pollcles (conthwo) Impalrnient of Ilxed assets (¢onthKffff For the purposes of impairment lests"ng. when it Is not possible lo estimate the recoverable 8mount of an indiwdual asset. an estimate is made of Ihe rewverable amount of the CaSh￿eneratIng unit to which the asset belongs. The cash4Jenerating unit is the smallest identifiable group of assets that indudes the asset and generates cash infflows that largely tndependent of the cash inflows from other assets or groups of assets. For impairment t8Sting of goothwll. th8 gocthill acquired in a business combination is. from the acquisition dale. allocated lo each of Ihe &7sh%eneraling units Ihat are expeeled lo benefit from the synergies ef the combination. irrespective of whelher other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial 8ssel or a financial fiabillty is rEcognised only when the charity becomes a paty to the contractual provisions of the inslrumenL Basic finaneial instruments are initially reco3nBed 8t th8 atrthnl receSvable or payable induding any related transaction costs. Current essets and current liabilities are sub5equenlly measured at the cash or¢ther conskleration expected to be paid or recelved ar￿ not dts￿unted. Debl Snstruments are subsequently measured at aThJtsed cost. whe￿ investrmnts in shares a￿ publKly traded or thLYi fair value can oiherwise bg me8sure(I reliabty. the inveskn)ent Is subsequenlty measured al lair value with thanges in fair value recognised in in¢ome and expendilure. All other suth investments arè $ubsequenlly measured at cost less ImpalmienL Other financial instruments. includ￿￿ dertvatives. are initialty Tec4)gntsed at falr valu8. unles$ payment for an asset is deferred beyond ncmmal business tems or financed at a rate of interest that is not a markel rate, in whth case the asset is measured al the present value of the future payments discounted at a mark¢t rate of interest ft>r a sinilar debt Instrument. Other financial inslnjments are subsequenlly measured at fair value. wilh any changes recognised In the slatemenl oi finanaal activities. wilh Ihe exception of hedging Instruments in a ¢esignated hedgrng relati￿ShIp. Financial assets that are measured 81 c05t or amortised cost are reviewed lor objedve evidence of Impaiment at the end ol each reporting date. If there is et4eclive evidence of imp8irmenl, an impaimienl fv)ss ts recognised under the apwoprvate heading in Ihe statement offinancial octivilies in which the initial gain was reoJgnised. For all equity instruments regardless o15igntfunce. and other financial assets that 8re Individually significant. these a￿ assessed individually for impaim)ent. Other financial assets are either assessed indivmdually or grouped on the basis ol similar eredil risk characteristics. Any ￿VerSaT$ of impairment 8re recognised iMr￿diately. to the extent that the reversal does not result in a carrying amcwnt of the financial asset that exceeds what the carying amount would have been had the impaimient not previousty been fecc¥Jnised. THE AHL UL-BAYT (A S) ISLAMIC CENTRE Notes to the Financial Statements iconth¥wdJ Year ended 31 March 2025 Inve$tm•nt In¢om• Unrestricted Total Fund$ Unrestncted Total Funds Funds 2025 Funds 2024 Bank inlwest receivable tyFe 1 73,365 73.365 29.572 29.572 Expendilure ¢)n charltsble actlvltiès by lund type unrestn.ded Totsl Funds Unrestricted Total Fu[￿S Funds 2025 Funds 2024 Suppcfft costs 7.396 7.396 4.481 4,481 Expenditure on charltabl• act1￿1￿$ by act1￿ type Support Total fvnds 2025 Tolal fvjnd 2024 (>)vemance cx)sts 7.396 7.396 4,481 SLiff costs The average head count ol emptyees duriThJ the year was Nil12024: Nill. No ernp￿Yee recetved employee benefits of more than £f4).iN)) during the year12024'. Nil). Trust•¢ remunernti¢)n and expenses No remuneration ￿ other benefits from employment Wbth the chanty or a reLqte(l entity were receNed by the trnstees Tangible fixed assets Land arKI Fixtu￿ and ihjings fittiryJs Mot vehhjes Equipff*nl Total C￿1 At 1 April 2024 Additson5 28.644 95.250 675.000 675.C(KJ At 31 March 2025 675.(KM) 28.644 TTO,250 Depreciation At 1 April 2024 and 31 Mar¢h 202S 28.643 36.60S 95.247 Carrylng amourrt At 31 Mar¢h 2025 675.￿0 675,003 At 31 March 2024 THE AHL UL-BAYT (A S) ISLAMIC CENTRE Notes to the Financial Statements Year ended 31 March 2025 10. Cr•dltors: amounts falllng due wlthln one ￿ar 2025 2024 Accruals and deferred incoff Olhgr creditors 480 s4.C￿9 65.008 65.488 64.489 11. An•￿1$ of charltabl• lunds Unrestrlcted lunds At 31 M•rch 20 25 1 N)ri12024 Incom Expenditure General funds 4.807.780 73,365 17.3961 4.873.749 At 31 March 20 24 1 April 2023 Incom6 Expenditure General funds 4.782,689 29.572 14.4811 4,807.780