REGISTERED COMPANY NUMBER.. 02051424 (England and Wales) REGISTERED CHARITY NUMBER: 295197 ort of the Trustees and ncial Ststemenls for the Year Ended 30 June 2025 for Al-shirkatul Islami ah (A company limited by guarantee) Capshire Audit Ltd 86-90 Paul Street London EC2A4NE
-Shirkalul Islami ah Contents of the Financial Slalements for the Year En 30 June 2025 Page Administrative Details Strategic Report Report of the Trusle8S R8port of the Independent Auditors 7 to 10 statement of Financial Activities 11 Slalemenl of FSnancial Position 12 Slalomenl of Cash Flows 13 Notes to the Statement of Cash Flows 14 Notes to the Financial Statements 15 10 28 Detalled Slalement of Financlal Aclmlies 29 to 31
Al-shirkatul Islami Administrative details for the Year Ended 30 June 2025 Registered Charity numbor 295197 Reglstered Company number 02051424 Trustees M Ahmad Director M M Ahmed Director F A K Dahri Director A Hafeez Director R A Hayat Director N A Qamar Director M U D Shams Director A M Tahir Director Company Secretary M M Ahmed Reglstergd offl¢ 22 Deer Park Road London SW19 3TL Auditors Capshire Audit Ltd 86-90 Paul Street London EC2A 4NE Page 1
Al-shirkatul Islami ah Strate icRe ort for the Year Ended 30 June 2025 The Iruslees present their strategic report for the year ended 30 June 2025. Revlew of the Business The charity continue lo strengthen it's free lo air transmission and publications divisions by exploring new avenues and oplimizing on current viewer and reader preferènces in partnership with sponsorship arrangements. Trustees always seèk expert technical opinion on available medla platfom)s and how the charity can grow with latest trends. Principal Risks and Uncertalntles sin the core objectives of the charty are not commercially driven therefore, il Is free from commercial and market risks. However, the trustees continue lo pro-8cliv8ly review vendor dependencles and mitigate potential risks by eliminating single point of failure in its supply chain. The trustees actively review the major risks that the Charity faces on a regular basis and believe that maintaining reserves al ¢urrent18vels, combined with periodic vIeW of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems lo miligale risks. Future Projects The IrLJslees continue to explore new ways to increase efficiency and effectiveness of the production of programs and printing and publication of literature. The charity has diversified its production houses and expanded its portfolio of ils printers for publication5 and periodicals to oplimize cost and supply chain. A process of continuous review and deployment is embedded in our business plan to identify the most cost-effective means of operational activities. Approved by order of the board of trustees on March 24th 2026 and signed on Its behalf by,. Mirza M Ahmed Acting Chairman Page 2
Al-shirkatul Islami ah ort of the Trustees incor oratin for the Year Ended 30 June 2025 the director's re ort The trusloes, who are also directors of the charitable company for the purposes of the Companies Aet 2006, present their report and the financial slalemenls of the charitable company for the year ended 30 June 2025. The financial ststemenls have been prepared in accordance with the accounting policies sel out in the notes to the accounts and comply with the charitable company's goveming document, the Companies Act 2006, the Ch8rilies Act 2011 and°Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandafd applicable in the UK and Republic of Ireland IFRS 102}" Isecond edition, effective 1 January 20191, and the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. OBJECTIVES and ACTIVITIES Obje¢tlves and Aims The Charity's objects are to propagate Islam as interpreted in Ahmadiyyat, i.e. Islam as expounded by the foundgr of the Ahmadiyya Movement and his successors. and lo advance education in th8 study of religion. Publi¢ benefit reporting The key objectives of the charity were attain9d during the year by continued tree lo air transmission seNice to the public across most patts of the world through sponsored partners across the globe. Moreover. b(ioks and subscription of educational magazine5 continued to be available al ntsminal prices for the members of the community and general public at large. The Iruslees slate that they have complied with section 4 of the Charities Acl 2006 wkh regards to public benefit guidan published by the commission. Grant making policy The Charity does not make any grants and as such. no policy is in place. Employmenl policy The Charity believes in the philosophy of an equal opportunity employer. However, until now. is served entirely by dedicated volunteers and assignees both men and women. The trustees appreciate this and wish lo thank everyone involved who have given their valuable time and effort in furthering the Charity's objects. ACHIEVEMENTS AND PERFORMANCE Charitable A¢tivitles The global transmission of programs was slrenglhened during the year wth strong and expanded satellite and lerreslrial coverage to enhan qkjalily and un-interrupted Servi to the viewers across the globe. Technological enhancements were made during the year for best viewer experience with introduction of sub-lilling and better audio configurations. There was expanded seNice in Africa with enhanced translations availability for viewers. Moreover. Transmission in High Definillon started in some geographies during the year. The trustees apprecialed the Increase in the production of new programs, which were contributed by various countries during the year. Live streaming on the internel continue to excel in the number of viewers. Inlernel television was further enhanced during the year to facililale viewers on the move. The charity has ils own website. The charity continues lo focus on production of new programs and publication of new lilles in accordance with the objects of the charity but is dependent on un-interrupted seryice by the satellite n8rkS for transmission and effici8nt turnaround by the printers. Page 3
Al-shirkatul Islami ort of the Trustees for the Year Ended 30 June 2025 Charltablg A¢tlvlti8s... continued The publication and sale of books, joumals and magazines continue to expand as subscrlptlons increase and literature is translated into new languages. One periodical Al-Fazl International ewspaper continues to be daily printing during the year which delivered significant success lo meeting charity's objectives and in addition it started ils online subscription. The monthly English Magazine Review of Religions which is more than hundred years since il started expanded into social media platform with innovative and engaging so¢ial media Content including short videos for Ils viewers. The Arabic monthly magazine also expanded into digital platform along with social media options available lo readers. Income from core trading activities declined by 1,10 during the yèar owing primarily lo decline in sale of literature. The operations have reverted to almost pre-covid levels. The Charity is progressively enhancing ils publications and periodicals departments on social media platfoms. The luinover of the Charity from publications and periodicals remained flat over the year. Sponsorship fees are largely dependent on broadcasting mix of programs of each region. Direct cost declined by 4Yo from last year owing lo primarily optimization of core input costs. Administrative costs Increased during the year in comparison with prior year mainly dL¢e to realigning of comparative figures. Thg actual costs remained flat over the year. FINANCIAL REVIEW Flnancial Po$ition The Charity delivered a nel surplus of £656,249 during the year. The management periodically reviews quarterly financial statements of the chaAty for budgetsry compliance and ils expenditure review in support of charity objectives. The management Constantly reviews the funding position from media sponsorship and sale of publications lo ensure it is able to achieve its delivery of service in media and publicatson. Reserves Policy It is the Charity's policy to have working capital requirement of approximately g months in the reserves. The present level of funding is adequate lo support the continuatlDn of the Charity's operations, ané the trustees consider the financial position of the charity to be satisfactory. Investment powers. policy and perfom)an¢e The Iruslees are empowered by the Memorandum and Articles of Association. lo decide on the courses of action that they consider appropriatg lo lurther the Charity's objects. Raclassification ol property portfollo During the year the Iruslees conducted a detailed review of the charity's propety portfolio. Some of the properties are let to tenants on short-lerm renewable agreements and have been so for many years. As these properties are held primarily to generate rental income. they meet the definition of investment propety as sel out in FRS 102 Section 16. Aecordlngly, they have been redassified retrospectively as investment properties and are now measured at fair value. This change better reflects the economlc substance and use of these assel5. Going Concern The Iruslees expect the charity to continue operating as normal for the foreseeable future, able lo meets its obligab'ons as they fall due, and that they have no plans lo close the charity or to gnificantly curtail f(s operatlons. Page 4
Al-shirkalul Islami ah ort of the Trustee5 for the Year Ended 30 June 2025 FINANCIAL REVIEW... contlnued Plans for future poriods The trustees continue lo explore n9w ways to increase efficiency and effectiveness of the production of programs and printing and publication of lileralure. The Trustees plan lo activety enhance and build on development of new plafforms for younger audien5. STRUCTURE. GOVERNANCE AND MANAGEMENT Govemance and internal Control The Charity is consliluted as a company limited by guarantee and is therefore governed by ils Memorandum and Articles of Association. New Iruslees are appointed in accordance with its Articles of Association. The charity provides continued opportunlties of training ol all trustees both internal and exlemal. The Charity is organized so that the Iruslees meet regularly lo manage its affairs. The Iruslees have delegated the management of day-lo-day affairs to the Chairman of the Board. Principal risks and uncertainties The trustees maintain a risk register which is reviewed at least annually. The main categories of risk and the associated mf(igations include: Financial= concentration of income on media and publication aclivilies. mitigated through reserves, prudent budg9ting and monitoring of cash flows., Technology and infrastructure.. dependence on satellite networks, internet platforms and printing apacity, mitigated through diversif5cation of suppliers and contingency planning., Compliance and repulatlon.. risk of non-compliance with charity and company law. data protection and broadcasting regulations, miligaled through pollcies. training and professional advice. Page 5
Al-shirkatul Islami ah ort of the Tnjslees for the Year Ended 30 June 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Al-shirkalul Islarniyyah forthe purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice) including Financial Reportlng Standard 102'The Financial Reporting Standard applicable in the UK and Republlc of Ireland.. Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected lo prepare the financial staternents in accordance with United Kingdom Generally ACpIed Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under cornpany law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and appli¢alion of resources, including the income and expenditure, of the charitable company for that period. In preparing those financi31 statements. the trustees are required to select suitable a(xounting policies and then apply them consislgnlly- observe the methods and principles in the Charities SORP.. make judgements and eslimales that are reasonable and prudent- stale whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial ststemenls., prepare the financial statements on the going conrn basls unless it is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records whiGh disclose wlh reasonable accuracy at any time the financial position of the Gharilable company and lo enable them lo ensure that the financial sialemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. statgment as to Dlsclosure of Infomatlon to Auditors In so far as the Iruslees are aware.. there is no relevant audit information of which the charitable companls auditors are unaware- and the trustees have taken all steps that they ought lo have taken lo make themselves aware of any levanl audit information and lo establish that the auditors are aware of that information. AUDITORS The auditors, Capshire Audit Ltd. will be proposed for re-appolntment at the forthcoming Annual General Meeting. Report of the IrLJslees, incorporating a strategic report, approved by order of the LK)ard of trustees, as the company directors. on 24 March 2026 and signed on the board's behalf by= M M Ahmed- Trustee Page 6
Re ort of the Inde Al-shirkalul Islami endenl Auditors lo the Members of ah Opinion We have audlted the financlal statements of Al-shirkalul Islamtyyah {the 'charilable company'l for the year ended 30 June 2025 which comprise the Statement of Financial Aclivilies, the Slalement of Financial Position, the Slalemenl of Cash Flows and notes to the financial slalemenls, including a sumrnary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}, including Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financlal slalements= give a true and fair view of the slate of the charitable company's affairs as al 30 June 2025 and of its incoming resources and application of resources, including lis income and expenditure, fo the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Aw)unling Practice, including Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.; and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with Inlemational Standards on Auditing {UK) (ISAS IUK}I and applicable law. Our responsibilities under those standards are further described in the Auditors. respon5ibililies for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other elhbcal responsibilities in acc(wdance with these requirements. We believe that the audit evidence we have obtalned Is sufficient and appropriate lo provide a basls for our opinion. Concluslons relatlng to golng concern In auditing the financial slalements, we have concluded that the Iruslees, use of the going concem basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have performed. we have not identified any material UnrtaInlieS relating to events or conditions that, individually or eolleclively. may cast significant doubl on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the financial slalements are aulhorised for issue. Our responsibilitie5 and the responsibili118s of the trustees with respect to going concern are described in the relevant sections of this Teport. Page 7
Re ort of the Inde Al-shirkatul Islami endenl Auditors to the Members of ah other Intomiatlon The Iruslees are responsiblg for the other inforniation. The olher information comprises the infomialion induded in the Annual Report, other than the financial stslements and our Report of the Independent Auditors thereon. Our opin¥)n on the financial statements does not cover the other information and, except to the extent otherwise explicitly slated in our report, we do not express any fom) of assurance concluslon thereon. In connection with our audit of Ihe financial slalemenls, our responsibilily is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial ststemenls or our kno¥edge obtained in the audit orolhetwise appears lo be malerialty misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise to a material misstatement in the financi31 slalements Ihemsefves. If. based on the work we have performed. we conelude that there is a material misslalement oflhis other information. we are requiied lo reportthal fact. We have nothing lo report in this gard. Opinions on other matters prescribod by tho Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for lch the financial statements are prepared 1$ consistent w(Ih the financial ststements., and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by excèptlon In the light of the knowledge ané understanding of the charitable company and ils environment obtained In the course of the audit, we have not identified materlal misslatemenls in the Report of the Trustees. We have nothing to report in respect of the following mallers wherethe Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our aLKJit have not been received from branches not visited by us., or the financial statements are not in agreement with the accountlng records and retums,. or rtain disclosures of trLJStees' remuneration speofied by law are not made.. or we have not received all the information and explanations we requlre for our avdit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, tha trustees (who are also the directors of the charitable company for the purposes of company 18wI are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such interr7al control as the twstees determine is necessary to enable the preparation of financial ststsmenls that are free from material misstatement, whether due lo fraud or error. In preparing the financial slalements, the trustees are responsible for assessing the charitable comp8nls abllity lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concem basis of accounting unless the trustees either intend lo liquidate the charitable company or to ceaso operations. or have no Tealislic allemativg bul to do so. Page 8
ort of the Inde Al-shirkalul Islam endenl Auditors lo the Members of Our responsibilities for the audit of the financial statements Our objÈclives are lo obtain reasonable assurance about whether the financial ststemenls as a whole are free from material misslalement, whether due lo fraud or error, and to Issue a Report of the Independent Auditors that ineludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always delecl a material misslalemenl when il exists. Misslal&ments can arise from fraud or error and are onsidered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the bas¢s of these financial statements. The extent lo which our procedures are capable of delecling irregularities, induding fraud is detailed below: Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non40mplian with laws and regulations. was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate industry knowledge, competence, and experience of the charity sector: we identified relevant laws and regulations applicable to the Charitable company through discussions with management and from our understanding of the sector, including.. the Companies Act 2006 and the Charities Act 2011- laxalion legislation lincluding Corporation Tax and Value Addèd Tax).. and Anli-bribery and Corruplion laws, including the Bribery Act 2010 and UK Sanct(orL Regulations. we assessecl compliance with the above through enquiries of management, review of correspondence with regulatory authorities such as HMRC. and inspection of legal documentation and minutes of Board meetings,. and identified laws and regulations were communicated within th8 audit team regularfy and the team remained alert lo instances of non-compliance throughout the audit. To assess the susceptibility of th8 Charitable company's financial statements to material mtsslalemenl, including fraud, we.. obtained an understanding of the Charitable companqs control environmen( including controls designed lo prevent and delecl fraud.. made enquiries of management regarding known or suspected instances of fraud.. and evaluated areas where there is a risk of management bias, inclLJding in revenue recognition. impairment assessments of oil and gas assets, and eslimalion of decomrnissioning provisions. To address the risk of management override of conlmls, we: performed analytical procedures lo identify unusual or unexpected relationships.. tested journal entries and adjustments for indications of management bias.. assessed whether key judgements and assumptions used in eslirnales indicated polentlal bias,- and evaluated the business rationale for any significant or unusual Iransaclions., In response lo the risk of irregularities and non-cornpliance with laws and regulations, we designed and performed procedures which included, bul were not Ilmiled to: reviewing financial statement disclosures for compliance with relevant laws and regulations,. reading minutes of meetings of those charged with governance.. enquiring of management and reviewing correspondence with HMRC and Ihe Charitable company's advisors in relation to potential litigation, lax, or regulatory matters,. and assessing the adequacy of the Charitable companvs procedures for monitoring and responding to regulatory compllance requirements. Page 9
Re ort of the Inde -Shirkalul Islami endenl Auditors lo the Members ah There are inherent limitations in our audit Pfocedures described above. The more removed that laws and regulations are from financial transactions, th81@ss likely it is that we would become aware of non-compliance. Auditing standards also limit the audll procedures required to identify non- compliance wth laws and gUlationS to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misslatemenls that arise due lo fraud can be harder lo deleGt than those Ih8t arise from error as they may involve deliberate Con91Ment or collusion. A further description of our responsibilities for the audit of the financial slalements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsrespDnsibilities. This description forms part of our Report of the Independent Auditors. Use of our rep¢rt This report is made solely to the charitable companys members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those matters we arè required to slate to them in an 8udilors' rgport and for no other purpose. To the fullest 8xlent permittad by law. we do not accept or assume responsibility to anyone other than the charitable company ar the charitable companys members as a body, for our audit work. for this rewrt, or for the opinions we have formed. ts* Noor Choudhary FCA (Seni tory Audit) for and on behalf of Capshlre Audll Ltd 86-90 Paul Street London EC2A 4NE 24 March 2026 Page 10
l-ShiTkalul Islami ah Statement of Financial A vilie for the Year Ended 30 June 2025 Restated 30.6.24 Total funds 30.6.25 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Other trading activities Investment income Other income 7,969,911 285,971 7.969,911 8,093,801 285,971 250,232 7,162 Total 8 255.882 8.255,882 8.351.195 EXPENDITURE ON Raising funds 6,228,863 6.228.863 6,550,680 Charitable activities Media and Broadcast Books and Literdlure 490,176 580.434 490.176 580,434 502,834 544.996 Other- Support costs 320,160 320 160 244,833 Total 7,619.633 7,619,633 7.843,343 Net gains on invastments 20,000 174.684 NET INCOME 658,249 6S6.249 682,536 RECONCILIATION OF FUNDS Total funds brought fotwald 9.652.927 9,652.927 8,970,391 TOTAL FUNDS CARRIED FORWARD 10.309.176 10,309.176 9.652.927 The notes fom) part of these financial slalements Page11
Al-shirkalul Islami ah Slalement of Financial Positio Reststed 30.6.24 Total funds 30.6.25 Total funds Unrestricted Restricted fund funds Notes FIXED ASSETS Tangible assets Investment property 10 5.877.177 11 1.130,000 5.877.177 6.067.592 1 130,000 1 110 000 7.007,177 7,007,177 7,177,592 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 12 1,756,79B 13 1,946,951 2.012 381 1,756.798 1.681.834 1,946,951 3,377.199 2.012.381 323.298 5.716,130 5,716.130 5.382.331 CREDITORS Amounts falling due wrthin one year 14 {962,688) {962,6881 (1,173,625) NET CURRENT ASSETS 4.753,442 4,753.442 4.208.706 TOTAL ASSETS LESS CURRENT LIABILITIES 11,760,619 11,760,619 11,386,298 CREDITORS Amounts falling due after morè than one year 15 11.451.443) {1.451,4431 {1.733,3711 NET ASSETS 10,309,176 10,309,176 9 652,927 FUNDS Unrestricted funds 17 10,309,176 9 652,927 TOTAL FUNDS 10,309,176 9,652,927 The financial statements were approved by thg Board of Tru51ees and authorised for issue on 24 March 2026 and were Signed on 115 behalf by.. M M Ahmed - Trustee The notes form part of Ihase financial statements Page 12
Al-shirkalul Islami Statement of Cash F for the Year Ended 30 June 202 Restated 30.6.24 30.6.25 Notes Cash flows from operating actlvltles Cash generated Irom operations Interest paid 2.188.034 831,472 66,889 Net cash promded byl{used Inl operating activities 2.188.034 764.583 Cash flows from investlng actlvltles Purchase of tangible fixed assets Sale of tangible fixed assets Interest received {507,9041 3,594 5,498 1735,924) 11,100 Net cash (used inyprovided by investing activities 498 8121 716587) Change in ¢ash and cash equlvalents In the reporting period Ca$h and cash equivalents atthe beginning of the Teportlng perlod 2 1,689,222 47.996 323.159 275.163 Cash and cash equlvalgnts at the end of thg rgporting period 2 012 381 323.159 The notss fom part of these financial slalernents Page 13
-Shirkalul Islami Notes lo the Slaleme or r Ended 30 June 2025 ow RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 30.6.25 30.6.24 Net Income for the reportlng perfod {as per the Statomgnt of Flnancial Actlvitlesl Adjustments for: Depreciation charges Gain on investments Loss on disposal of fixed assets Interest received Interest paid Increase in stocks Decreasellincrease} in debtors (Decreasellincrease in cr8dilors 656.249 682.536 694,725 728.009 {20,OCKJ} 1174,6841 23.438 18,2371 66.889 (74.964} 1157,1921 1,430,248 1534,2031 492.726 204,916 15.498} Net cash provided byllused Inl operatlon$ 2.188.034 831,472 ANALYSIS OF CASH AND CASH EQUIVALENTS 30.6.25 30.6.24 Cash in hand Notice deposits Iless than 3 months) Overdrafts included in bank loans and overdrafts falling due wthin one year 10,447 2,001,934 21.120 302,178 Totsl cash a% cash gquivalenls 2.012,381 323159 ANALYSIS OF CHANGES IN NET {DEBT)IFUNDS At 1.7.24 Cash flow At 30.6.25 Net cash Cash at bank and in hand Bank overdraft 323.298 1,689,083 2,012.381 139 139 323.159 1.689.222 2.012,381 Debt Debts falling due wllhin 1 year Debts falling due after 1 y8ar 1112,408) 1,733,371 10.216 281,928 1102,1921 1,451,443) 1,845.779 292,144 1,553,635) Total 1,S22.620 1.981.366 458,746 The notes form part of these financial slalemanls Page 14
Al-shirkalul Islami ah Notes lo inancial Statements for the Year Ende e 2025 ACCOUNTING POLICIES Basls of preparing the financial staternents The financial slalements have been prepared in accordance with the Charities SORP IFRS 1021, the Financial Reporting Stsndard applieable in the UK and Republic of Ireland {FRS 1021. the Companies Act 2006 8nd the Charities Act 2011. The charity is a p¥Jblic benefit entity as defined by FRS 102. The financial slalements are prepared under the historical cost convention and are presented in pounds sterling, which is the functional and presenlalion81 Currency of the charily. The preparation of financial statements in conformity with FRS 102 requires management lo make judgernenls. estimates and assumptions that affe¢l the application of policies and reported amounts of assets. liabilities. income and expenditure. Actual results may differ from these estimates. Areas of significantjudgemenl and estimation include the assessment of usefijl economic lives of tangible fixed assets, the valu21ion of stocks, the recoverability of debtors and the assessment of going concarn. Further details are provided in the accounting policies below where relevant. Going concern The trustees have consiéered the current and projected financial position. including cash flow forecasts. budgets and the level of free reserves. They have also considered potential downside scenarios. such as a reduction in media revenues, sponsorshlp or donation income, an(J in¢aseS in key costs suth as bandwldlh, printin9 and property expenses. Having reviewed these forecasts and the available miligaling actions. the Iruslees consider that the charity has adequate resources lo continue in operational existence for al least twelve months from the date of approval of these financial statements. Accordingty. the financial stslemgnts have been prepared on a going ccCern basis. Inwmo All income is recognised in the Slalement of Flnancial Activities once the charity has entillemenl to the funds, il is probable that the income will be received and the amount can be measured reSiably. The main categories of income are as follows.. Advertising.. income from advertising on television and publicatlons are recognised over the period to which the advertising agreement relates. Media and publication income.. income from sales of books. periodicals. digital content and broadcasting is recognised when the goods have been supplied or the seIce delivered. nol of any VAT where applicable. Paqe15 continued...
Al-shirkalul Islami Notes lo Ih Financial Statements - contSnued for the Year Ended 30 June 2025 ACCOUNTING POLICIES- continuad Income ... ¢ontinued SLJbscriptions'. income from subscriptions are CogniSed as income from publicaliDns and seNic&s where the subscriber receives periodicals or other beneflts In return. Income is recognised over the subscdpllon period. Where subscription payments are voluntary contr¢bulions wlh no significant benefit provided lo the payer, they are recognised as donations within voluntary income. Investment income.. Rental income is re¢ognised on a straight-line basis over the temi of the lease or tenancy agreement when it is probable that il will be received and the amount c8n be measured rellay. Interest income is recognised using the effective interest method when it is probable that il will be received and the amount can be measured reliably. Income is analysed beeen unrestricted and reslrscled funds. Where income is received for a particular restricted purpose, il is allocated to the relevant reslricled fund and any unspent balance is carried forward at the year end. Expendlture Liabilities are recognised as expenditu as soon as there is a legal or constructive obligation committing the charity lo that expenditure. it is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be difftctly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use ol resources. Ralslng fund$ C(Isls incurred to Secure donations, advertising and other fundraising income.. Charitable activities Costs directly relating lo the production and broadcast of programmes, publications and other activities undertaken lo further the charity's objectives. including an approprlate share of support Costs., Governance costs Costs associated with the govemance arrangements of the charity. including audit fees, legal and regulatory compliance and Iruslee meetings. Allocation and apportionment of costs Support costs, including premises, finance. IT and general adminislratlon, are apportloned to charitable activities and cost of raising funds on a reasonable basis. such as estimated stsff or volunteer lime, usage or floor area, as appropriate. Tangible flxed assets Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Only assets costing more than a capitalisation thrèshold Isel by the trustees from time to limel are capilalised. Page 16 continued...
Al-shirkatul Islami ah Notes lo the Financial Ststemenls . continued for the Year Ended 30 June 2025 ACCOUNTING POLICIES - continued Tangible fixod assets Depreciation is provided 19 write off the cost of tangible fixed assets, less eslimaled residual values, on a slraighl-line basis over their estimated useful economic lives as follows.. Freehold property- slraighl line over 50 years- Long leasehold property- straight line over 50 years., Plant. equipment and fixtures_ 200/0 on reducing balance,- Fixture and fillings 20010 on reducing balance., Motor vehicles - 33% Dn reducing balance.. Computer and broadcasting equipment- 25Yo on reducing balance., The useful lives and residual values of assets are reviewed annually and adjusted rf appropriate. Assets are reviewed for indi¢ators of impairment and. where appropriate, written down lo their recoverable amount. Deprec4alion is charged to the Ststement of Flnancial Activities {SOFAI and allocated to expenditure headings based on the use of the related assets. Depreci8tion of assets used in delivering charitable activities is included within expenditure on charitsble aclivilies. Depreciation relating to assets used for SUPPOrt functions is included in support costs and apportioned across activities on an appropriate basis. Investment property Investment properties are properties held lo eam rental income or for capital appreciation. They are initially measured al eosl and subsequently al fair value at each reporting dale. Fair values are based on independent professional valuations. Galns and losses arising from changes in fair value are recognised in the Ststemenl of Financial Activities ISOFAI in the period in which they occur. Inveslrnent properties are not depreciated. Stocks Stocks comprise books. periodicals and other publications held for resale and are slated al the lower of cost and net realisable value. Cost is normally deterniined on a first-in, firsl-out basis. Provision is made for obsolete or slow-moving items based on expected future sales. Any write-downs are recognised in the Statement of Financial Activities. Taxation The charity is exempt from corporation tax on its charitable activities under Part 11 of the Corporation Tax Act 2010, to the extent that ils in¢ome and gain5 are applied for charitable purposes. Fund accounting Unreslricled funds can be used In accordance with the charrtable objectives at the dbscretion of the trustees in furtherance of the charitable objectives. Restricled funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arisg when specified by the donor orwhen funds are raised for particular reslr*cled purposes. Further explanation of the nature and purpose of eaeh fund is included in the notes to the financial slalements. Page 17 continued...
-Shirkatul Islami Notes lo the Financial Statements - continued for the Year Ended 30 June 2025 ACCOUNTING POLICIES - contlnuod Provlslons and contlngent Ilabllltles Provisions aro roGognised where the charity has a present legal or constructive obligation as result of a past event, it is probable that a transfer of economic benefit will be required lo settle the obligation, and a reliable estimate Gan be made of the amount. Contingent liabilities, where the existence of an obligation depends on uncertain future events. are disclosed but not recognised in the balance sheet. Foreign currencles Assets and liabilities in foreign currenctes are translated into slerfing al the rates of exchange ruling al the statement of financial position dale. Transactions in foreign currencios are translated into sterling at the rale of exchange ruling at the dale of transaction. Exchange differencgs are taken into account in arriving at the operating result. Hir8 purchase and leasing commitments Rentals payable under operating leases are charged to the Statement of Financial Activities on a slraight-line basis over the period of the lease. Lease incentives received are recognised over the lease term as a reduction in the rental expense. Flnanclal Instruments The charity holds only basic financial instruments as defined by FRS 102, being cash at bank. trade and other debtors and trade and other creditors. These are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. The charity does not hold any complex financial instruments. derivatives or hedging arrangerllents. OTHER TRADING ACTlVtnES 30.6.25 30.6.24 Adverttsement Commercial printing 8ooks and literature Subscriptions 7,003,054 7,002,838 93,848 151,676 611,167 671,727 261,842 267.560 7,969.911 8,093,801 INVESTMENT INCOME 30.6.25 30.6.24 Rents received Deposit account interest 280,473 5,498 241,995 8.237 285,971 250.232 Page 18 conlinued...
Al-shirkalul Islami otes lo the Financial Statements- continued for Y ar Ended 30 June 2025 RAISING FUNDS Other trading adlvltles 30.6.25 30.6.24 Opening stock Purchases Closing stock Hire of plant and mhInery Contract labour Repair and maintenance Postage and freight Li9ht and heat Telephone and Internet Equipment and consumables 1,713.433 1,557.489 721.059 900,461 {1,792,5741 11,713,433) 680.090 601.164 1,323 8,210 52.621 29,993 691.889 694,040 16,480 25,720 129,008 117,741 F 11 306,778 213,617 11,109 7,257 490,908 528,219 2,922.171 3.187,467 43,423 38,148 76,083 83.000 2.362 3.414 19,594 16,634 45.948 40.374 66.339 53,546 12.139) 12,867 32.958 77,863 Software applications Licences and support Transmission charges News services EPG serwces Slalionery and printing Refreshments Travel and subsistence Insurance Staff training General expenses 6.228.863 6.483.791 Invgstment management Costs 30.6.25 30.6.24 Bank Loan Interest 66,889 Aggregate amounts 6,228.863 6.550 680 Page 19 continued...
Al-shirkalullslami ah Notes lo the Financial Statements- continued for the Year Ended 30 June 20 CHARITABLE ACTIVITIES COSTS Direct Costs Media and Broadcast Books and Literature 490,176 580,434 1,070.610 SUPPORT COSTS Governance costs Management Finance Totsls Other resources expended 194,798 71.627 53.735 320.160 NET INCOMEI{EXPENDITURE) Net Incomellexpenditurel is slated after chargingl(creditlngl: 30.6.25 30.624 Auditors, remuneration Depreciation - owned assets Hire of plant and machinery Rent payable under operating leases Deficit on disposal of fixed assets 15,280 697,933 680,090 85.467 12,780 601.164 6.000 23.438 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024. Trustees. expenses There were no Iruslees. expens8s paid for the year erKled 30 June 2025 norfor the year ended 30 June 2024. Page 20 continued...
Al-shirkalul Islami ah Notes to the Financial Statements- continued for the Year Ended 30 June 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES Unrestricted Restricted fund fLJnds Total funds INCOME AND ENDOWMENTS FROM Other trading activities Investment income Other Income 8,093,801 250,232 8,093,801 250,232 Total 8 351581 8 351581 EXPENDITURE ON Raising funds 6,550,680 6,550,680 Charitable activities Media and Broadcast Books and Literature 502,834 544,996 502.834 544.996 Other 244.833 244.833 Total 7.843.343 7,843.343 Nel gains on inv8strnents NET INCOME 682,536 682,536 RECONCILIATION OF FUNDS Total funds brought forward 8.970,391 8,970.391 TOTAL FUNDS CARRIED FORWARD 9,652.927 9.652,927 Page 21 continued...
Al-shirkatul Islami ah Notes lo the Financial Statements- for the Year Ended 30 Jun 2025 nlinued 10. TANGIBLE FIXED ASSETS Freehold property Long leasehold Plant and mad)inery COST Al 1 July 2024 Additions Disposals 3,893.635 1.133,914 134.244 At 30 June 2025 3.893.635 1,133,914 134244 DEPRECIATION At 1 July 2024 Charge for year Eliminated on disposal 740,231 e4,799 191,654 22.678 78.363 11,176 At 30 June 2025 805.030 214.332 89,539 NEf BOOK VALUE At 30 June 2025 3,088,605 919,582 At 30 June 2024 3,153,404 942,260 55,881 Fixtures and rrttings Motor vehicles Computer equipment Totals COST At 1 July 2024 Additions Disposals 1,172,166 73,800 101.646 5,814,744 12,250,349 434.104 507,904 At 30 June 2025 1.242,372 101.646 6.248,848 12 754 659 DEPRECIATION At 1 July 2024 Charge for year Eliminated on disposal 816.866 91.863 49,402 4,306,241 6,182.757 17,241 490.176 697.933 3.208) At 30 June 2025 905 521 66,643 4,796.417 6.877,482 NET BOOK VALUE AI 30 June 2025 336.851 35.003 1,452,431 5,877,177 AI 30 June 2024 355 300 52 244 1 508,503 6.067.592 Page 22 continued...
Al-shiikalul Islami ah Notes lo the Financial Stat ments - ntInued for the Year Ended 30 June 2025 11. INVESTMENT PROPERTY FAIR VALUE Al 1 July 2024 Revaluation 1.110,000 20,000 At 30 June 2025 1.130.000 NET BOOK VALUE At 30 June 2025 1.130,000 AI 30 June 2024 1.110,000 Fair value at 30 June 2025 Is represented by: Valuation in 2024 Valuation in 2025 Cost 174,684 20,000 935,316 1 130,000 If investment properties had not been revalued they would have been included at the following historical cosL 30.6.25 30.6.24 Cost 935.316 935,316 Investment properties were valued on an open market basis on 30 June 2025 by Vospers Friend & Falck. Page 23 continued...
Al-shirkatul Islami ah Notes lo the Financial Statements - continued for the Year Ended 30 June 2025 12. STOCKS 30.6.25 30.6.24 Finished goods Provision- slow moving stock 1.792,574 1.713,433 35,7761 31,5991 1,756.798 1,681 834 13. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.25 30.6.24 Trade debtors Other debtors Deposits wth suppliers VAT Prepayments 882,209 2.039,794 15,589 1,100 402,001 371,534 127.582 168,050 519 570 796,721 1,946 951 3,377.199 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.25 30.6.24 Bank loans and overdrafts {see note 161 Other loans {see note 161 Trade creditors Other creditors Accrued expenses 11,5381 8.817 103,730 103.730 752,879 1.023,541 18,193 8,383 89,424 29,154 962,688 1,173,625 15. CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 30.6.25 30.6.24 Other loans Isae note 16} 1.451.443 1,733.371 Page 24 continued...
Al-shirkalul Islami ah Notes lo the Financial Statements- continued for the Year Ended 30 June 2025 16. LOANS An analysis of the maturfty of loans is given below-. 30.6.25 30.6.24 Amounts falling due within one year on demand.. Bank overdrafts Natwesl credit card Other loans 139 8.678 103 730 11,5381 103.730 102.192 Amounts falling betNeen one and two years: Other toans- 1-2 years 103.730 103,730 Amounts falling due been two and fnre years: OlheT loans- 2-5 years 311,190 311.190 Amounts falllng due in more than five years.. Repayable by inslalments= Other loans more 5yrs instal 1.036.523 1,318,451 These IntereSt-f loans are secured by 8 fixed charge granted by the Charitable rnpanY over rtain properties for the benefit of the lender. The loans are repayable within 15 years from the dale of the loan agreement, or at a later date if mutually agreed between the lender and the Charitable company. 17. MOVEMENT IN FUNDS Nel movement in funds At 30.6.25 Al 1.7.24 Unrastrided funds General fund 9,652,927 656,249 10,309.176 TOTAL FUNDS 9.652.927 656,249 10.309.176 Nel movement in funds, included in the above are as follows.. Incoming Resources Gains and Movement resources expended losses in funds Unrestricted funds General fund 8,255,882 17.619,6331 20,000 656.249 TOTAL FUNDS 8.255,882 7,619.6331 20.000 656 249 Page 25 continued...
Al-shirkalul Islami ah Notes lo the Financial Slalements - continued for the Year Ended 30 June 2025 17. MOVEMENT IN FUNDS- contlnued Comparatives for movement In funds Net movernenl in funds Al 1.7.23 30.6.24 Unrestricted fundg General fund 8,970,391 682.536 9,652,927 TOTAL FUNDS 8,970.391 682,536 9,652,927 Comparative net movement in funds, included in the above are as follows.. Incomifig Resources Gains and Movement resources expended losses In funds UnrestrlGtod funds General fund 8,351.581 17,843,729} 174,684 682.536 TOTAL FUNDS 8,351,581 7,843,729} 174,684 682,536 A Quent year 12 months and prior year 12 months combined position is as lollows.. Net movement in funds At 30.6.25 At 1.7.23 Unrestricted funds General fund 8,970.391 1.338.785 10,309,176 TOTAL FUNDS 8.970.391 1,338,785 10,309,176 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources Gains and Movement resources expended losses in funds Unrestrlcted funds General fund 16,607,463 115,463,362) 194.684 1.338,785 TOTAL FUNDS 16.607,463 15,463,362) 194 684 1,338,785 Page 26 continued...
l-shirkalul Islami ah Notes lo the Financi81 Statements - continued for the Year End 30 June 2025 18. RELATED PARTY DISCLOSURES Ahmadiyyah Muslim Jamaat International IAMJII is a relatgd party of the Charitable company by virtue of there being certain trustees in common. The Charitable company received inlerest-free loans from AMJI to support ils activities. The balance of such loans outstanding at the year-end was £1,555,17312024.. £1,837.1011. The loans are unsecured, interestfree and repayable on terms detailed in note 16 of these financial statements. In addition, employees of AMJI provide volunteer support lo the charitable company in connection with ils chaTitsble acliwlies. The value ol these services is not recognised in the rinancial statements. as no charge is made to the charitable company by AMJI. 19. PRIOR YEAR ADJUSTMENTS During the year, the trustees identified a number of matters requiring correction lo prior period balances. These have been accounted lor as prior period adjuslmenls and the comparative figures have been reslaled accordingly Change$ to Statement of Financial A¢tlvltles For the Year Ended 30 June 2024 Adjustments for the year ended 30 June 2024 Not¢5 As previously reported AS r¢st2ted Charitable Activltl•s Books and Literature Other- Support costs 1532,4391 (214,2331 12,557 {30.600) 1544.996} 1244,8331 Fair-value Gains Nel gains on investments 174,684 174,684 Changa$ to Statement ot Financial Po$ltlon At 30 June 2024 Notes Adjustment$ t 30 June 2024 prevlously reported Al re$t2ted Fixed Assets Tangible assets Investment propety Capital and Rosgrves Unrestricted Funds Restricted Funds 6.970,710 {903.118) 1,110.000 6.067,592 1.110,000 {8,765,4441 {680.602) 1887.483) {9,652,927) 680,602 Page 27
Al-shirkatul Islami ah Notes lo the Financial Statements- continued for the Year Ended 30 June 2025 19. PRIOR YEAR ADJUSTMENTS.... ¢ontlnued Notes to prior year adjustments a. Reclassification of property Portfollo Following a detailed review of the use of the charity's land and buildings, the Iruslees concluded that certain properties are h81d primarily lo generate rental income. These properties meèt the definition of investment properties under FRS 1 02 Section 16. Accordingly, these properties have been reclassified from tangible fixed assets to investment properties and are now measured at fair value, wlh the change applied retrospectively. As part of this adjustment, the related accumulated depreciation has been reversed. b. Disposal of tangible operating assets A review of the fixed asset register identified that certain lan9ible assets, incl¥Jdino office equipment. fixtures and fittings, plant and machinery, and motor vehicles, had previously been disposed of but remained included within the accounts. The comparative figures have been restated to remove the cost and accumulated depreciation of these assets, ensuring that the fixed asset balances reflect only assets In use at the reporting date. c. Correctlon to rostricted funds A review of the charity's historical records dld not Identrfy sufficient eviden to support the exislenee of previously disclosed reslricled funds. Accordingly, the prior year balances have been reclassified trj unrestricted funds, and the related disclosures havg beon corrected. Page 28
AshITkatl Islam Detailed Ststement of Financial Activities for the Year Ended 30 June 2025 30.6.25 30.6.24 INCOME AND ENDOWMENTS Other trading a¢tlvltie$ Advertisement Commercial printing Books and literature Subscriptions 7.003,054 7,002.838 93,848 151,676 611.167 671,727 261842 267.560 7,969,911 8.093,801 Investment Income Rents received Deposit account inlgrest 280.473 5.498 241,995 8.237 285,971 250.232 Other Income Gain on sale of langlble fixed ass8ls 7,162 Total incomlng resources 8.255,882 8,351,195 EXPENDITURE Other trading activities Opening stock Purchases Books and periodicals Hire of plant and machinery Contract labour Repair and maintenance Postage and freight Light and heat Telephone and Internel Equipment and consumables Software applications LiCenS and support Transmission charges News services EPG seNices Stationery and printing Refreshments Travel and subslstencg Insurance Carried forward 1.713.433 1,557,489 28,635 25,772 692,424 874,689 680,090 601,164 1,323 8.210 52,e21 29,993 691.889 694.040 16.480 25,720 129.008 117,741 306,778 213,617 11,109 7,257 490,908 528,219 2.922,171 3,187,467 43.423 38,148 76,083 83,000 2,362 3.414 19.594 16,634 45.948 40,374 66,339 53.546 7,990,618 8,106,494 This page does not form part of the statutory financial statements Page 29
Al-shirkalul Islami Detsiled Slalement of Financial Activities for the Year Ended 30 June 2025 30.6.25 30.6.24 Other trading a¢tivitles Brought forward Staff training General expenses Closing stock 7,990,618 8.106,494 12,1391 12,867 32,958 77,863 1.792,5741 1.713,4331 6,228,863 6,483,405 Charftsble activities Other Dperaling leases Rates and water Insurance Light and heal Freehold property Long18asehold Planl and machinery Fixtures and fittings Motor vehicles Depn of MTA equipment 85.467 120,196 47,512 119,501 64,800 22,878 11,176 91,863 17,241 490,176 6.000 124.682 44.358 146.302 64,799 22,678 13,970 96,475 25.732 502.834 1,070.610 1.047,444 other Loss on sale of tangible fixed 2ss8ls 30.600 Support costs Management Insurance Telephone stationery Repairs and maintenance General expenses Office supplies Refr@shments Travel and subsisten TV Licence 6,698 21.619 1,113 112,052 18,094 4,106 19.533 10,560 1.023 2,807 23,455 746 118.400 11,904 4,998 11,184 8,681 1,505 194.798 183.680 Finance Bank chargès Exchange Rale Igainyloss Lieenees and support Interest payable 4,932 33.766 32,929 4,538 (6761 10,229 66,889 71.627 80,980 This pag8 does not form part of the slalulory financial statements Page 30
A-shirkalul Islami ah Detailed Slalemenl of Finan ial Activities for the Year Ended 30 June 2025 30.6.25 30.6.24 Finance Governance costs Auditors, remuneration Legal and professional fees 1 5,280 12,780 3,682 53,735 16.462 Total resources expended 7.619,633 7,843,729 Ngt Income before gains and losses 636,249 507,852 Realised re¢ognlsed gains and10ssos Realised gainslllossesl on fixed asset investments 20.000 174,684 Net income 656,249 682,536 This page does not form part of the statutory financial statements Page 31