REGISTERED COMPANY NUMBER.. 02051424 (England and Wales) REGISTERED CHAIUTY NUMBER: 295197 ort of the Trustees and Financial Statements for the Year Ended 30 June 2024 for Al-shirkatul Islami acom an limited b uarantee II•¥ir ma.vd Fe Ch4rteied Ace0¢)r 257 PuElingLoTh New MaldeTh Surrty KTJ 4NI
Al-shirkatul Islam a¢om anv limited b uarantee Conlents of the Financial StateThents for the Year Endtd 30 jUe 2024 Page Strategic Report Report of the T$eS Report of the Indcpcndent Auditor Stat¢ment of Financial Activities Balance Sheet Cash Flow Statement 10 Notes io ihe Cash Flow Stat¢tnent Notes to the Fi]vancial Statements 12 to 18
Al-shirkatul l$18miv acom Iimited b uaraDtee Strategic Report For the year ended 30 June 2024. The trustees present their strate¢ report for th¢ year ¢nded JO June 2024. Review of the Busine55 The charity continue to strengthen it's free to air transmission attd publications divisions by exploring new avenues 2nd optimizing on turrent viewer and reader prcferences in partnership wth spon50r5hip arrangcment5. Tsttt3 always seek experi technical opinion on available media platforn)s and how the eharity can grow with latest trends. Prhtt¢ipal Bi$k5 and Uncertsinties Sin¢¢ the core objective5 of the charity are not comtner¢ially dTiven therefore, it is free from Lommer¢ial 2nd market risks. HoweveT. the trustees continue to pro-a¢iiv¢ly review vendor depcndencies and mitigate potential ri5k5 by eliminatillg single point of failure in its supply chain. The trustees actively review the tnajor ri5k5 that the Charity faces on a regular basis and believe that maintaining reserves at curtent levels. combined with periodic review of the ¢ontrols over key financial systems, will provide suffjcient r¢sources in the cvent of adverse conditions. The tn]st¢¢s have also exatnined other operational and business risks faced by the ChaTity and confirni that they have established systems to mitl8ate risks. Future Projeet5 The trnslees continuc to explore new ways to increase effieiency and effectivenes5 of the production of programs and prjnting and publication of literature. Thc charity ha$ divcrsified it5 production houses and expanded its portfolio of ils priniers for publications and pcriodieals to optim17e cost and supply cliain. A process of continuous r¢virw and deployment is embedd¢d ill our business plan to identify the most Cost-cffectivc means of operational a¢tivilies. Approved by order of the board of trus*es on Monday, 30th Decetnber 2024 and signeil on Its behalf by.. Mirza M Ahm¢d Acting Chairjjwi Plie L
Al-shirkaiul 151ami acom anv lilllited b rt of the trust¢e$ incor oratin For the ¢ar tnded 30 June 2024. the director's re ort The Irusiees, who are a150 dircctors of the chariiy foT the pury>ose of Companies Act 2006, piesertt their Teport and the rjndncial statements for the yvdr ended 30 June 2024. The trust¢¢s have adopted the provisions of Accounting and Reporting by Charities.. Statement uf RecoEnmended Practice applicable to chaTities preparing their accounts in accordancc with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tiv¢ I January 2015) STRUCTURE, GOVERNANCE Af4D MANAGEMENT Coverning document Thc charity is Controll by it5 governin8 documeni, a deed of trust, and constitutes a limited eompany, limited by guaTantee, a5 defined by the CoTnpani¢s Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02051424 (England and Wales) Registered Charity number 295197 Registered office 22 Dedr Park Road Lolldon SW19 3TL Trustees M M Ahmed- Acting ChaimiAn M U Shams R A Hayat N A Qamar A M Tahir A H Shahid M Ahtnad FAKDahri Company S¢¢retary M M Ahmed Auditor Nasir Mahmud FCA Chartered Accountallt Falcoii House 257 Burlington Road New Malden Surrey KT3 4NE OBJECTIVES and ACTIVITIES ObJe¢tlvu and Alms The Charity's object5 are to propagate Islam Is iThterpreled in Ahmadiyyat, i.e., Islam as expounded by tbe founder of the Ahmadiyya Movement and his successors, ar)d to advaTJce education in the study of religion. Publie beThefit reporting The k¢y objectives of the charity were attained during the year by continued free to air transmission setvice to the public acTOS5 m05t parts of th¢ world through sponsored partners a¢r05s the globe. Moreover, books artd subscription of educational ma8azines continued to b¢ available at no]ninal prices for thc memb¢rs of the commullity and general publsc at large. P4ge 2
Al4hirkatul Islajniv aco anv limited b uarantee rt &f the Trustee5 for the Year Ended 30 2024- continued The trustees state that they hav¢ complied with section 4 of the Charities Act 2006 with rega$ to publi¢ benefit gutdancc published by the commission. Grant making policy The Clwity does not make any grants and a5 such, no poli¢y is ift place. Employment policy The Charity beli¢v¢5 In the philosophy Df an equal opportunities employer. However, until now. is served entirely by dedicated volunteer5 and assignees both tnen and women. The trustees appTeciate thi5 and wish lo thank everyone involved who have given their valuable tirne and effort in fuTtherin8 the c]rity'S objects. ACHIEVEMENTS AND PERFORMANCE Ch4rit*blt Activities The global trdnsmission of program5 w88 5trength¢ned during the year with strong and expanded satellite and terreslrial coverage to enhance quality and un-interrnpted service 10 the viewers across the globe. Technological enhancemcnts were Jjjade during the year for best viewer exp¢rien¢e with introduction of sub-titling and better audio configurations. There was expanded service in Africa with eEthanced translations availability foi viewer5. Moreover, Trdnsmission in High Definition started in somc geogtaphies dursng the year. The trustees appieciated the increase in the production of new progran. which We contributed by various countT]es dunng the year. Live streaining on the internei ¢ontinu¢ to excel in the number of viewers. Intemct television was fvrthet etthanced durin8 thc year to facilitate viewers on the move. The chariry has its own website. The charity continues to focus on produttion of new program5 and public21I0n of new titles in accordance with th¢ objects of the charity but 15 dq)endent un-interrupted servicc by ihe satellite n¢twork5 for transmission and efficient Tnaround by thc printers. The publication and sale of books, journals aTLd magazines ¢ontinue io expand as subscriptions increase and literature 15 translated into new languages. One pei'iodical Al Fazl Int¢matiottal newspaper moved from bi-weekly to daily printing during the ycar whi¢h delivered si]rICant success to meeting charity's objectives. The monthly English Magazine Review of Religions which is morc than hundred year5 since it started expanded into social media platform with innovaiive and engaging social media content including short videos for its view¢TS. The Arabic Tnonthly tnagazine also expanded into digital platform along with social media options available to readers. Income from core trading attivities increased by 17010 during the year Fepresenting modest increase across all lines of activitie5 and introduction of two new pcriodieals for ytsung boy5 and gir15. The operations have reveTl¢d tts alOst pre-covid levels. The Charsty is progressivcly erthan¢ing it5 publications and periodicals depaTtm¢nt5 on 50CLal media plaifornis. The turnover of thc Charity from publications and periodicals incrcascd by neaTly 23 /0 over Previous year spe¢ifJ¢ally in publications. Sponsorship fees are largely dependent on broadca$ting mix of programs of each region ond Increased by 150/0. Direct cost consequently increased by I lts/o from lasi year owing to primarily increase in bandwidth and t¢eStrIal link ¢harge5. Moreover, Hire costs and License costs also increased due to inLTeased operations and inflation. Administrative costs increased by 70/0 during the year in comparison with prior year mainly due to increase in council tax base rates for cvmmercial properties. FINANCIAL REVIEW Financial Position The Charity delivered a net profil (>f £525,895 duting tlie year. The management peTivdically review5 quarterly finatjcial statements of the charity for blldgelary cornpliance aE)d ils expenditure ieview in support of charity obje¢tive5. The management constantly reviews thc funding position from media spDrJsor5hip and 5alc of publications to ensure it is able to a¢hi¢ve its delivery of servicc in media and publicaiion. Page J
-Shlrkathl Islami com anv limited b ah uarantee ort of th¢ Tru5tee5 for th¢ Year Ended 30 June 2024- continued Reserw¢s Poliey It is lh¢ Charity's policy to have working Capital Tequirement of approximat¢ly 9 mottths in the reserves. The present leyel of funding is adequate to support the continuation of the Charity's operations. and the trustees Consider the finaneial Position of the charity io be S8ti5factory_ Investment powers, policy #ttd performance The trustees are empowered by the Memorandum and Arti¢les of A550ciation, to decide on the course5 of action ihat they consider appropriate tt> furtheT the Charity's objrfts. Going Concern Thc trustee$ expect the charity to continue operating as nomal for the foreseeable able to Mt3 its obligations as they fall due. and that they have no plan5 to close the ¢harity or to signifJ¢antly ¢urtail it5 operations. Plins for future periods The ITUSt¢es continu¢ to eKplore new ways 10 itLcre&se efficiency and effectiveness of the pioduction of programs and printing and publi¢ation of literattEre. The TTUStces plan to aciively enhance and bllild ort developinent of new platfortns for younger audienccs. STRUCTURE. GOVERNANCE AND MANAGEMENT Governance and iuternal tontrol The Chartty is constituted as a ¢ompany limitcd by guarantee and is therefore governed by its MemoTandum and Arlieles of A550ciation. New Injsiees ar¢ appointed in accordance with its Arti¢les of As5rKiation. The tharily provides Lontinued opportunities of training of all trustees both internal and external. The Charity i8 ofEanized so that the trustees meet regularly to manage its affair5. The truskes have d¢legated the managemeni of day-to-day affairs to the Chairnian of the Board. The trustees actively review the major risks, which the Charity faces on a regular basts, and believe that nintaining reserves at curtent leve15. combitjed with periodic review of the controls over key financial systems, will PTovide suffjciellt resources in the event of adverse conditions. The tnjstces have also examined other operational and bu5ine5S risks faced by the Charity and cortfiTm that tl?ey have e$t3blish¢d systems 10 miiigaie significant risks. STATEMENT OF TRUSTEES REPONSIBILITIES The trustees are responsible for pr¢paring the anllual r¢port attd the financial statements in accordance with applicable law and United Kingdom Generally A¢¢¢pted Accoullting Practices. Company law r¢quires trwtees to prepare financial ststements for each flnancial year. which sive a irue and fair view of the State of affairs of rhe Charity and of the surplus or deficit of the ChaTity for that period. In preparing these finattcial Statements, the trllstees are required to.. sel¢ct suitable accounting policies and apply them consistently. make judgmeDts and estirnates that are reasonable and prudent. and 3. Prepare the financial staentS on a going Concern ba515 unless it is inappropriate to presume that the charity will contiiiue in operation. The tnjstees are responsible for keeping AGcountin8 records, which disclose wilh reasonable accuracy at any time the rirtancial position of th¢ charity and enable them to ertsur¢ that the financial stat¢m¢nls comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hEnce for takÈng reasonable stq)s for the prevention and detettion of fraud and other irregularities.
Al4hirkatul 151Y4rni acom anv limited b
rantee
rt of the Trustee5 for the Year Ended une 2024- continued Statement as to Dlsc105ure of Information to Audltor$ In 50 far as the tnLSte¢$ are aware.. There is no relevant audit infOrntiOn of which the charitable company'5 auditor is unaware., and thc tn]stees have taken all Steps that they ought to have taken io make thernselves aware of any relevant audit inform&tion and to e5tabli5h that tlie auditor is awart of any ielevanl audit infonnation and to establish that the auditor is aware of that information. Mirza M Ahtned TNstee Date.. 30 December 2024 aqè 5
ort of the Ind¢ cndent Auditor to the Member Al4hirkatul l$lamlv ah acom lifftited b uarantee for the Year Ended 30 June 21124- continued of Opinion I have auditrd the financial statements of Al-shirkatul Islamiyyah la Company limiied by guarantee) (the '¢haritable COTnpany') for the yeaT ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Stateent and notes to the financial st2tements, inclu(Jing a Summary of significant accounting policies. The financial reportin8 framework that has been applied in their preparation is applicable 12w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. In Y OPilllOII the financial statements.. 8ive a true and fail view of th¢ state of the charitable company's affairs as at 30 June 2024 2nd of its incoming resourc¢s and application of resources, including lis income and expenditure. for the year then ended. have been propeTly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢ti¢¢,' and have been preparcd in accordance with the requirement5 of the Companies Act 2006. Basis for opinion l conducted tny audit in accordance with Intemational Standards Auditing (UK) (ISAS (UK)) and appli¢abl¢ law. My responsibilities under those standards are furthei described Èn th¢ Auditor responsibilities for the audit of the finatt¢ial statcmcnts section of my report. l am independent of the charitable tompany in a¢¢ordan¢e with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC'S Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these TequiFem¢nt5. 1 believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Conclusion5 relating to going eon¢¢r I have t)othing to i¢port in respect of the followin8 rnatters in relation to which the ISA5 (UK) require rtL¢ to report to you where.. the Injsiees, use of the going eoncern basis of aceountillg in the preparation of the financial 5tat¢ments is Thot appropTiate' or the trust¢e5 have tH)t discloscd in the financial statements any identified material uncertainties that may cast significant doubt about thc charitable ¢otnpanls ability to continue to adopt t]ie going cotJcern basis of ac¢ounting for a period of at least twelve months from the date when the flnancial statements are authorised for i$su¢. Other information The trustees are iesponsible for the other inf0mtiOn. The other infomiation comprises the inforniation included in the Annual Report. other than the financial statements and my Report of the ITLd¢pendeElt Auditor thereon. My tspinion on the financial $tat¢m¢nrs does not coveT the other inforn)ation and, except to the extent oth¢rKYse explicitly stated in my report, I do not expre55 any fortn of assurance conclusion thereon. In conn¢ction with my audil ofthe financial statements, my responsibility is to rexd the other infonnation and, in doiThg so. consider whether the othcr information ss materially Inconsistent with the financial ststements or my knowlcdgc obtairted in ihe audit OT otherwise appears to be materially misstated. If l identify such material inconsistencies or appaient mateTial tnisstatements, l am required lo delemiine whether there is a material misstatement in the fjnanctal staleJneiit5 or a material tnisstatemenl of the oiher infomiation. If. based Oll the work I have perfom)ed, I conclude thar there is a material misststem¢ot of this other infortnation, l am required to report that fact. K have nothing to report in this regard. Oplnlons OD other matters preserlbed by the Companies Act 2006 In my opinion, based on the work undertaken in the ¢outse of the audit.. the information given in thc Report of the TrustPKs for the flnancial year for which the fjnancial statem¢nts are prepared is consistent with the financial statements; and the Report of the Trustees has been prepartd in accordance with applicable legal reqllirem¢nts. Matters on whl¢h l am required to report by exception In the light of the knowled8e and understanding of the charitable company and its environment obtsined itt th¢ Course of the audit, I have not identified material misstatements in the Report of the Ttees. I have nothing io r¢port in respect of the following Matter5 where the Companies Act 2(K)6 requires me to rew>rt to you ?w6
R¢ ort of the Inde Al-shirkatul Lslami for the Year Ende endent Auditor to th¢ Member$ of .?h- continued 30 June 2024 if, in my opinion.. adequate accounting records have not been kept or returns adequate for my audii have not been received from branches noi visited by rn¢' or the financial stalemeijts are not in agreement with the acroutlling record5 and retUrn5' or Certain disc105ures of trustees, temurtera¢ion specified by law are not made,. or I have not received all the infonnation and explanations I require for my audjt. Rupon$lbllltles of trustees As explained morc llY in the Statement of Trustees, Re5pon5ibilities, the tNstees (who are also the directors of the charitable company for the PUTptsses of cornpaE)y lawl are responsible for the preparation of the financial Stslemetsts and for being satisfied that they give a true and fair view. and for such irtiernal conirol as the trustees detetminc is necessary to enable ihe prepaTation of financial statem¢nls that are free from mateTial misstatemeiit, whether due to fraud or error. In preparing thc financial statements. the trusiees are responsible for assessing the charitable company's ability to continue as a going ¢orKeTn, disclosing, as applicable, matters related to going conc¢m 2nd using the going ¢oncetn basis of accounting unle55 the trustee5 either intcnd to liquidat¢ th¢ ¢haTitsble company or to ¢ea5e operations. or have no realssti¢ altetnative but to do so. My responsibilRtie5 for the audit of th¢ financial 5t#ternents My objectives ale to obtain r¢asonabl¢ a55UTance about whether the fjnancial slatemejjts as a whole aTe free fr(>m material misstarement, whether due to fraud or eOr. and lo issue a Report of the Ikndependent Auditor that include5 Tny opinion. Reasonable assurance is a high level of assurance. but is noi a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a material missiatement when it exists. MisSt2tements can arise from fraud or error and are Considered material if, individually or the aggregate. they could reasonably be expected 10 influence the econornic deci$ions of users taken on the basis of th¢5e financial statements. A fifflher des¢ription Of my responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or&uk/auditorsresponsibilities. This descriprion fomjs part of tny Rq>ort of the Ind¢pendetLt Auditor. Use of my report This report is mad¢ solely to the charitable company's member5, as a body, in accordance with Chapter 3 of Part 16 of the Companies A¢t 2006. My audit WOEk has been undcrtakcn so that I mjghi state to the charitable ¢ompaTLgs members those matleFS l atn required to State to them in an auditor's report 8nd for no other pu0$¢. To the lIeSt extent p¢rtnitted by law. I do not accept or assume responsibility to anyone other Ihan the ¢hiiri¢able ¢OTnpany and the charitable COMpanS members as a body, for my audit work, for this reporf, or for the opinions I have formed. Nasir Mahmud FCA (Senior Sratutory Auditor) Nasir Mahmud FCA Charter¢d Accountant Falcon House 257 Burlington Road New Maldert SuiT¢y KT3 4NE Date." 30th Decemb¢r 2024 9• 7
Al-shlrkatul Islaml ah Cotll an limited b uarante Statement of FRnaneial Activitles for the Year Ended 30 June 2024 30 6.23 Total fund5 UnTestricted funds Restricted nds Total funds Notes INCOME AND ENDOWMENTS FROM Donll tIoI]5 and le8acies Other trading activities Investment income Other income 8.093,800 241.995 15.399 8,093,800 241.995 15.399 6,946,899 250,833 Total 8.351,194 8.351.194 7.200,440 EXPENDITURE ON Raising funds 6.483.791 6,483,791 5,836,193 Charitable acttvltles Charitable a¢tivitie5 .341,508 1.341,508 1,255,602 Total 7.825,299 7,825.299 7,091.795 NET INCOME 525,895 525,895 108.645 Transfer between fU[S 525.895 525.895 108,645 RECONCILIATION OF FUNDS Total funds brought forward 8,239.549 680,602 8,920,151 8.811.506 TOTAL FUNDS CARRIED FORWARD 8,765.444 680.602 9.446.046 8,920 151 The not•s ¢£ l&n&ncial statint Page 8
Al-shlrkatul Islami ocom anv Ilmited b ah uarantee Balance Sheet 30 June 2024 30.6.24 Total funds 30.6.23 Total fi]nds Not¢s FIXED ASSETS Tangible asscts 10 6.970.710 6.973,894 CURRENT ASSETS Stocks DebioTS Cash at bank and in hand 1.681.834 3,377,200 323,159 1.524.642 2,848,393 275,163 12 5.382,193 4.648.198 CREDITORS Amounts falling due withio one year 13 11,173,4861 {909,853) NET CURRENT ASSETS 4.208.707 3 738 345 TOTAL ASSETS LESS CURREP4T LIABILITIES 15.179.417 10,712,239 CREDITORS Amount5 falling due after mor¢ than one year 14 (1,733,371) {1,792,088) NET ASSETS 9 446 046 ,920 151 FUNDS Unrestri¢ted funds Restri¢ied funds 16 8.765.444 680.602 ,239,549 680 602 TOTAL FUNDS 9,446.046 8,920,151 The financial siaiement$ wcre approved by the Board of Tn]stees 2nd authori5ed for issuc on 30th De¢e]nber 2024 and were signed on its behalf by.. Mirza M Ahmed Trustee h• rtQC•¥ part gf Lheai P49• 9
Al-shirkatul Islamiv aeom an limited b uxrantte Cash Flow StatemeDt for the Year Ended 30 June 2024 30.6.24 30 6.23 Notes Cash flows from operatlng i¢tivitie5 Cash generated frotn operations Interest paid 901,229 66,889 572.391 60.869 Net cash provided by operating activities 834.340 511,522 Cash flows fTODI investlng activities Pur¢hase of tangible fixed as5Cts Overdiaft increased Loan repayment Ir¢duc¢d Interest received {735.924} {4521 {58,657) 8,237 {1,077,4781 14.807) 483.334 2.708 Net cash used in inve5titLg activities 786,796 596.243) Change in cash #nd cash equivaIeDts in the reporting period Cash and cssh equivAIents at the beginnlng of the reportlllg period 47,544 (84,7211 266.937 315.658 Cash easb equiYalent$ gt th¢ end of the reporting period 314,481 266 937 LQ
Al-shirkatul 151ami atom an lirnited b uarantee Otes to the Cash Flo tat¢ment- eontinued for the Ytar Ended 30 June 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATtNG ACTIVITIES 30.6.24 30.6.23 Net income lor th¢ reportlng perlod (Is per the Statement of Financial A¢tiviti¢$) Adjustments for: IkpTeciatlOL) charge5 Interest received Interest paid Increase in stocks In¢Tease in debtors IncT¢a5el(decrea5e) in creditors 525,895 108,645 739.048 (8,2371 66,889 {157,1921 {528.8071 263.633 707,854 (2.7Q8) 60,869 17,610 1424,2091 104,330 Net cash provided by operAtion$ 572.391 ANALYSIS OF CASH AND CASH EQUIVALETrITS 30.6.24 30.6.23 Cash in hand Notice deposits (less ihan 3 mortthsl Overdtafts included in bank loan5 and overdrafts falling due within one year 21.121 302,038 16,893 258,270 8,226 Total cash and cash equivalents 314.481 266.937 ANALYSIS OF CHANGES IN NET DEBT At 1.7.23 Cash flow AI 30.6.24 Net eish Cash at bank and in hand Bank overdraft 275,163 8,226) 47.996 323.159 8.6781 266 937 Debt Debts falling due within l year Debis falling due after l year (103,730) (1,733,371) {1,837,101) {1,792 028 1.792.028 (1.895.758 58.657 (1,837 101 Totgl {1,628 821 (1.522.620 The notP8 forn p•rf ¢£ these ¢ln4n¢l4l >¢•t4Nnls
Al-shirkatul Islomi anv limited b arant¢e Notes to th¢ Financial Statements or the Year Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparing the finanelal Stateme15 The financial statement5 of the charitable company, which is a publi¢ benefit entity under FRS 102, have been prepared in accordance with the Charitits SORP (FRS 102}'Accounling and R¢portin8 by Charities.. Statement of Recommendcd Practice appli¢able to ¢harities preparing their accounts in accordance with tbc Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland, and ihe Companies Act 2006. The financial staiemenrs have been piepaied under the histoti¢al ¢osi ¢oDv¢tJtion. Incorne All in¢ome is recognised in the Statement of Financial Activities onc¢ th¢ charity has entitlement to the fund5. It 1$ probable that the in¢ome will be recciv¢d and th¢ omount can be measured reliably. Expenditure Liabilities are recognised as expenditure as 500n as ther¢ is a legal or constructive obligation commjtting the charity to that expendiwre, li is probable that a transfcr of economic btnefits will be required io s¢ltletn¢nt and the amount of the oblig31ion can be mea5UTcd rcliably. Expenditure is accounted for on an a¢¢ruals basis and has been classified under headings that aggregate all cost related to the category. WheTe costs cannot be directly attributed to particular lieadings they have been allocated io a¢tlVllieb a ba515 COt1515tent with the use of resourc. Tangible fixed assets D¢preciation is provided at the following annual rates in order to vnit¢ off ea¢h asset over its ¢Sli]nated usefijl Freehold Property Long Icasehold Plant and machinery Fixtures and fLttings Motor vehicles Computer equipment Straight line over fifty years Straight line over fify years 200/0 on reducing balance 20/p on reducing balance 33 /D on tedu¢illg balance 25°A on teduciug balance Stocks Stocks are valued at the I0r of cost and net realisable value, after mth.ng due allowance for obsolete and slow moving it¢$. Taxation The ¢harity is exempt frorn COryQTation tax on its charitable activities. Fund accounting Unttstti¢ted fulld5 call be used iu accordance with the charitable obj¢ctives at the dixretion of the trustees. Restricted funds can only be used for paTti¢ulaT re5trict¢d purposes within the objects of Ihe charity. Restrjctions aris¢ when spe¢ifE¢d by the dollor or when fund5 are raised for particular restrieled purp05e5. Further explanaiion of the nature and putpose of each fund is includ¢d it) th¢ notes to th¢ finan¢ial stateTnent5. DONATIONS AND LECACIES 30.6.24 30.6.23 Donations ¢oThtLnuea.
Al-shirkxtul 151arni acom limited b uarantee Notes to the Financial Ststemcnts- continued for the Year Ertded 30 June 2024 OTHER TRADING ACTIVITIES 30.6.24 30.6.23 Media and publi¢atioJ income 8,093,8(10 6,946.899 Ir4vESTMEF4T INCOME 30.6.24 30.6.23 Rent5 received Dq)osit accotsrtt interest Gaio oll sale of fixed assets 241,995 8,237 250,833 2.708 257,394 253 541 RAISING FUNDS Rg5s5ng donations and legacies 30.6.24 30.6.23 Telephone Postage and stationery Sundnes Opening stock Purchases Direct costs Closing stock Repairs and maintenan¢e Motor expenses Travelling expenses Cotnputer ¢osts Refr¢5hments Iziafatl Equipment Equipment hire 22.029 11,005 3,414 2,489 77.863 20,764 1.557.489 1,587.374 31.313 32,686 5,201.053 4,554,843 (1,713,433) 11,557,489) 38,203 32,801 9,397 8,966 40,372 36.090 745.080 674.315 16,634 15,926 269,618 266,132 184,759 150.291 6.483,791 5.836,193 Aggregate amounts 6,483.791 5.836 193 Page L3
Al-shirkatul Islaml ah acom anv limited b uarantet Not¢s to the Financial Statem¢nt$- Continued for the Year Ended 30 June 2024 CHARITABLE AcfIviTJES COSTS 30.06.2024 30.06.2023 Charitable activities NET JJ¥COMEI(EXPENDITURE) Net incomel{expendittwel is stated after char8ingllcreditingl'. 30.6.24 30.6.23 DepTeciation- owned assets 739,048 707,854 TRUSTEES, BEMUP4ERATION AND BEL¥EFrrs There were no truslecs, remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees, expenses There were no trustees, expenses paid for th¢ year ended 30 June 2024 nor for the y¢ar ended 30 June 2023. COMPARATIVES FOR THE STATEMEF4T OF FINANCIAL ACTIVITIES Unresiri¢ied fund5 Restricted nds Totsl rtds INCOME AND ENDOWMETr4TS FROM Donations and l¢ga¢ies Oth¢r trading activities Jnveament in¢on Other inwme 6,946,899 250.833 6,946,899 250,833 2,708 Totsl 7,200,440 7.200.440 EXPENDITURE ON Raising funds 5.836,193 5.836.193 Ch¥ritable #ctivitit5 Chtiritabl¢ aclLViIi¢S 1.255.602 1,255.602 Total 7,091,795 7,091.795 NET INCOME 108,645 108,645 TTBnsfer between funds 108,645 108.645 RICONCILIATION OF FUNDS Total fullds brought forward 8.130,904 680.602 8.811.506 TOTAL FUNDS CARRIED FORWARD 680 602 8920 151 ¢tsThtlnu4d...
Al-shlrkatul Islami aeo an limited b uaranteo Notes to the Financial Statements- ¢ontlnued (or the Year Ended 30 June 2024 io. TANGIBLE FIXED ASSETS Freehold property Long leasehold Plant and machinery COST At l July 2023 Additions Disposals 4,828,9S2 1.133.914 1.403.106 At 30 June 2024 4.828,952 1,133.914 1,403.106 DEPRECIATION At l July 2023 Charge for year Eliminated on disposal 725,670 77,359 168.976 22,678 1.333,256 13,970 At 30 June 2024 803 029 191654 1.347 226 f4ET BOOK VALUE Ar 30 June 2024 4.025.923 942.260 AI 30 June 2023 4.103 281 964,939 Fixwres id fittings Motor vehicle5 Computer equipTn¢nt Tota15 COST Al l July 2023 Additions D5sptssa15 1,508,241 84,379 178,989 5.302 I i.i(x)) 7.495.937 646.243 16,549.139 735,924 11 loo) At 30 June 2024 1.592.620 173 191 8.142,180 17,273,963 DEPRECIATION At l July 2023 Charge for year Eliminated on disp)s&l 1.110.245 96.475 106.254 25,732 11039) 6,130,844 502,834 9.575,245 739.048 110391 AI 30 June 2024 1206 720 6.633.678 10,30J 253 NET BOOK VALUE At 30 Jun¢ 2024 385,900 52.244 1.508.502 6,970.710 At 30 Jw)¢ 2023 1,365,093 6,973 894 In¢lud¢d in Cost or valuation of land and buildings is freeh)Id land of £960.991 {2023 £960,991) which is not depreciated p*• IS
Al-shirkatul Islami
to
an limited b arAntee Not¢$ to th¢ Firtaneial Statements- continued for the Year Ended 30 June 2024 ii. STOCKS 30.6.24 30.6.23 Finished goods l£1.713.433- slow moving 5t(Kk £31,599) 1,681834 1,524.642 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Trade debloTS Other debtor5 VAT Prepayments and deposit 2.039.794 1.100 168,051 1,168 255 .730.091 64.388 7.393 1046 521 3,377 200 2.848.393 13. CREDITORS: AMOUNTS FALLING DUE WITHIN of4E YEAR 30.6.24 30.6.23 Bank loans (see note IS) Trade creditors Other ¢reditOTS A¢crued expenses 112,408 1,023.541 8.383 29.154 111,956 692,361 24,601 80,935 1,173.486 909.853 14. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.6.24 30.6.23 Long temi loan (see note 151 1,733 371 1,792,088 15. LOANS An analysis otthe maturity olloans LS 8iv¢n below.. 30.6.24 30.6.23 Amount$ falling du¢ within on¢ year on demand.. Bank overdraft Long lem) loan 8.678 103,730 8,226 103,730 112,408 111,956 Amounts falling betwcen onc at)d two years.. Long temi loan- 1-2 years 103.730 103 730 Amounts falling due between nvo and flve year5.. Long t¢m loaD- 2-5 y¢aT5 311 190 311,190 Amounts falling due in more than five years.. Long terni loan >5yrs ,318,451 1,377,168
A]hIrkatlll lslarni acom limited b uirantee Note5 to the Financial for the Year Ended 30 June 2024 continued 16. MOVEMENT JN FUNDS Net movemeni At 30.6.24 At 1.7.23 Unrestricted funds General nd 8.239.549 525,895 8,765,444 Restricted funds Res¢TiCted fund 680,602 680,602 TOTAL FUNDS 8,920 ISI 525 895 9.446.046 Net movement in funds, included in the above are as follows.. In¢oming resources Resources expended Movement in fid5 Unrestricted funds General fund 8,351,194 (7.825.299) 525.895 TOTAL FUNDS 8,351,194 17,825 2991 525 895 Compar8tfiYe$ for movement in funds Net movement in filnds Ai 30.6.23 At 1.7.22 Unrestricted fund5 General fund 8,130,904 108,645 8,239,549 Re5trtcted funds Restricted fund 680,602 680,602 TOTAL FUNDS 8,811506 8,920 151 p44 L?
Al- hirkatul 151ami a coin Ilmited b uara Notes to the Finanei21 St#ternent5- Colltinued for the Year Ended 30 June 2024 16. MOVEMENT ILY FUNDS- continued Cotnparativc net movement in fiulds. included in the above are as follows.. Incomitsg resouT¢e5 Resourees exp¢nded Movement nds UThrestricted funds General fund 7,200,440 {7.091.7951 108,845 TOTAL FUNDS 7,200 440 17,091,795) 108,845 A current year 12 Tnonths and prior year 12 months combined position is as follows.. Net rnovement Ai 30.6.24 At 1.7.22 Unrestricted lunds General fund 8,130,904 634.540 8,765,444 Restrieted funds Restricted fund 680.602 680.602 TOTAL FUNDS 8,811506 634.540 9,446.046 A cut Ar 12 rnonths and prior year 12 months combined net movernent in funds, includcd in the above are as follows.. Incoming r¢50urces Resources expettded Movement in funds Unrestrlcted fund$ General fund 15,551.634 {14.917,094) 634,540 TOTAL FUNDS 15.551.634 (14.917 094} 634.540 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 30 June 2024.
Al-shlrkatul Islgmi 2¢0 anv limited bv uarantee Detailed Stat¢Tnent of Financial AttSvitie$ f r the Year Ended 30 June 2024 30.6.24 30.6.23 IP4COME AND Ef4DOWMENTS Other trading activitie5 Media and publication incom¢ 8,093,8IK> 6,946,899 Investment income Rents received Deposit ac¢ount interest 241.995 8.237 250.833 2.708 250,232 253,541 Other Income Gain on sale of fixed assets 7.162 Total incoming resources 8.351.194 7.200,440 EXPENDITURE Raising donatlons and leg#eie5 Telephone Post2g¢ and 5tationcry Sundri¢s Opening stock Putchases Direct costs Closin8 Stock Repair5 and maintenance Motor expenses Travelling expense9 Comput¢r costs Refre5hment5 (Ziafat) Equipment Equipment hire 22,029 11,005 3.414 2,489 77.863 20,764 1,557,489 1,587,374 31,313 32,686 5,201.053 4,554,843 {1,713,433) 11.557,4891 38,203 32,801 9,397 8.966 40,372 36,090 745.080 674,315 16,634 15.926 269,618 266.132 184,759 150,291 6,483,791 5,836,193 Charitable activities Rates and water Insurance Lighi and heat Telephone Postage and Stationery Sundries Repair5 & maintenance Motor vehicle expenses Prof¢ssional fees Auditor's remuneration Refyeshmeiits Iziafat) Licence5 & support 136,986 47,165 139,998 23,455 5.744 1,903 118,400 8,680 3,682 12.780 77.350 25,597 161.645 20.491 5.157 10.193 142,485 4,664 3,200 14,780 15,192 11.733 ThAs pai4 not lozTh p&rt 0£ th¢ s¢•tutOEy financial atateNenta aye 19
Al-shirkatul Islami aeom limited b uarantee Detailed Statement of Financial Activitie5-COlltinued for the Year Ended 30 June 2024 Exchange Igainsl / losse5 Depre¢ia¢ion of tangible fixed assets Bank ¢haiges Mortgage interest (675) 739.048 4.538 66,889 6.125 707,854 4,463 56.406 1.341,508 1,255.602 Total rcsourc¢s expended 7.825.299 7.091,795 Net incorne 525,895 108.645 rh&$ dogs not fozm Eh* ¥tiLutory finarLcial Foy zo