REGISTERED CHARtrY YUhlBER: 328364 oftheT Ists Yur 024 lar Mli.S chart9 Aec¢NJnt8nL Scottish Providalt Iliwsc 7&80 College Road Middl HAI IBQ
MArl£az El Tath heef El Eslami Contents of the Financial Statements for the Year Ended 30 Se tember 2024 RetWJTt of the Trn8te¢s lThlptndent Ei2n)iner's R¢1 Statementof Adivldes Sts¢¢ment of P(itl otes to the Flnamaal Statenxnts 7 to 10 Detailed S¢AteJwit ofFth*ttl81 AdiFities
Markaz El Tath heef El Eslami rt of the Trnstees for the Year Ended 30 Se tember 2024 The knistses prese41 their ryrt llth the fthancial ststemettts of th¢ ¢Ilty for the year end 30 Sewember 2024. The tnisfr¢s have adorn the proTrisions of the St¢¢1 of Recommendcd Prndice (So1 ALrwnting and Rep)rtills by Chthitie4 the Charities Aci 20118nd Financial Rèp)rttng St8ndard5 SORP FRSIO2. OWEcfIvES AfyD A(JtN'ITIES Objecti'e$ and AinLS The principsl activity of the Ch8rtty 1$ PTOmOte the adlian¢aneDt of the Islomic reli81 in Eupjand And Walos by all or any of the tollowqng means'.- PrvvidiDg religious ¢treS for Thursbtp of the IsIatni¢ reli8i0ll. PTovidllig booklets and supplements t() followffl Advattc¢m¢nl of educaiion of the wblic crncerning the Islami¢ religiou$ Culre, Pn>vision in interests of 111 Nrlfarn of facilitiw by re&%x)n of their )¥)utPt or age or infirnitty or wi81 and ¢cmomi¢ circumslan¢¢s. Th¢ ¢b4rity is d¢peAdant vOlUnL %}rkets to fulfil the doctrine 8nd of the Id8mi¢ Religi( aod its jurispmd¢n¢e. Strategies Alld SigDificantA¢fivities The ¢h4rity op¢r4t¢s its religious ¢trO at Markaz El-Tath8he¢f El-Eslami. 310 MAYS Lane. Burn¢L EN5 2AH. the tNstO#8 of th¢ Charity hold the full and legal beneficial intere51 in the propcrty.Th¢ safe custody of the prqxty is govcrned by thc Trust Deed. The centre is Opt to all 8er&I publi¢ as a place of worship for the follotr5 of Islami¢ faiih. The r¢ligious Centr¢ Organis various rdis15 aCtiVEti fjnd and w)vid¢8 inforn( Io rnisc 8Th?reness of th¢ Islamic faith. Crintmking The ¢harity' admirtisteTed colle10n 8ttd distributiThb of vwious r¢li8ious dues lik.e Khum& ZakaL Sadaqat in accordan¢¢ iFith tli¢ t¢achirt85 of Islamic &ith. The charity collects s¢nernl donatioos attd ar¢ distributed in EUTSU4thLf of the charity's objectii'es to supp)rt cducatioll and trainin8 aE]d Tr.aris rEli8ious actitriti Volunte¢rs We encLwrnge all members of our eentres to be iniDlied in voluntary actii'ities ad 10 5bare th¢ir skills oih¢rs. Volunt¢ers ate llol paid any ae4 but only 1Mbur5¢Mellt of fuable out of pKket expenses such asts2v¢l costs. All those I'olun¢¢ffs DrkIng with ¢hildren or othw Iwlncrable 8mups affs CRB checL. ACHJEI'EhlEhY D PERF0EiMACE How our actirities deliver benefit A wid¢ rangE ot acliiitie5 ar¢ c4rricd in pursuance of the ¢harithble aitlls and objecliv¢5. The thisf¢¢s consider that these a]VItieS, sumtiwised below, prode Ixnetit to the wder comtnunity. Religious ¥¢tlvRtie5 Our C¢nlT¢ 15 open for prni'er4 wrship and for the adivities 5%)ciated faith. The centrc is opcll for th¢ wlder public. During year under reiiew, otr¢T a range olreligious CeS and &eliviti¢s illLiuding.' Prayers (knr Ca)tr8 18 4v4iIabl¢ d&ili for pr4yers to all 8¢tt¢Tal publi¢ of Islamic faith.we hast hundreds of Feopl¢ attLMidi#8 our Centr# for prayers. Fesliv#l8 Th¢ Centre cdebrnk Ranwdon and sent food for those allending our ctre th0 wisb to break their fasting th# i'isiiors as group. We also prforn] special thDCti(m$ #nd for the aollu comnTremoTation of the martyydom of grand son of the Prophet Muhammad, Imam Huss¢iw during the month of Muharram. Th¥ Mos411¥ cdebrnte th¢ birfh ttad commemornle the m8rfyrdom of all Imams of Shia J4lTari faith during the year. We hold Trrekly gathering ill the C¢ntre for IrshIP.. pra}*rs and rlIation of wpplicatirn$ evm. Thursday evenin8. Quvan Memorisation and recilalion of tbe (Jrdn QT¢ considercd Impts1t elcme4)ts of rcligious edMtIOn and traioins. We ciMtiou¢ lo pwiid¥ thiy [?1]. for young wle in th¢ ]twu¢. Relig10 dues li is part of our faith that we should offer Zak-gL Khum4 and Sadaq8t. Thev are collected in 8ct0rd9n with th¢ teaching of Eslam alld distsibuted for a numb¢r of specific wrp)ses inddIng to help others at)d to further the texhings of Islam. Page I
Markaz El Tath heef El Eslami rt of the Trnstees for the Year Ended 30 Se tember 2024 ACHIETr'ENIENT A.ND PERFOR.11ACE Conlllluwty actlslties Ilalls al r(K)D (r hall and rm are avthilable lo use by cw group5, or88nisat1S and ¢(xnmullitiw. FINA.YCIAL REIUEW Priticip funding wuttes The Charitys main sc•Jrces of in¢oJDC are collections of donati[5 and relisious due5 from 8thcral public. Th¢y are collected frixn wblity %isitin8 its C¢ntre. t1]8 th¢ staT the Charity rt(iked tol41 of£145.727. Reserves lleY RestTi¢t¢d fvnd$ reseThe if an) are held to b¢ used lihin certain restriction5 of th¢ releNYnt funds. Th¢ Charity s polic ffteral unrestricted filnd is to hold ¢Dou8h Cunds to meet at I¢ 6 Jnooths dirert and operatin8 Cost of the lyJami¢ ccntre and head office. In calculatittg the Charitys 8en¢ral r¢s¢rve8 the trustee$ haTre dedknj the tsmgible fixed assets of £6.881,042 from the totsl unrosiri¥itxI funds of £6.883,614 as showi in the acc(yJnts ¥nd anv d¢&gllated IuDd leaiiJ]g a surplus in their reserves as 91 30109.12024 of £2:572. Th¢ ttuste¢s have therefore made ne¢4SSAry 8rr8ngemLts lo r¢plthish th¢ reseTres 8nd ensure th¢y are m81ntstn IA lin¢ "7th if$ reserves Fdicy. Gdng concern Lkspite th¢ drop in the leirl of free general reseTres, the trustee5 colllinue kn adopt 8 going cth¥¢m b1$ in preFwing the charitv's financial st4temfflt$ as 8r¢ c<mfid¢nt ifs a t¢mFK)rary drop and making the nec¢ssary arrangemeuts kn replellish the reserv Tn li $Irt.teffll. srRUCTURL GOVEIiNANCE ATr•D blA.YAGEllETrrr Govtrnin% document The ¢blty. is eimtrolled bj. its p)Itrning d(UMl a deed of trnst and att UDiDCOryM)rakd charity. The charity Tr2$ reBiSter¢d with th¢ Charities c0mIsSi) on 30th Scmenthtt 1988 and is governed by the Trust Deed dated 30th September 1988. Recrui1nl and piK)intment ofDtw' tnBtee8 Trnstees are aptK)inted by rwluti(m of the existin8 truste¢s. WIKrÈeiw 8 new trustee 1$ 90 app)inied 4 mern¢)r8nthim of histher appointmeat shall b¢ prepared. OrganIsatial structure The charity tnJ5te¢s arc rewisible for thc generni ctrol and mana8emcnl of thc chariti".Thc twslecs give their time freelN' and r1¢ no r¢mun¢ratith or other financi Frtnefits. The tTUStees mt together as 8 body and are r¢sF4)nsible for 8Jl d¢¢isions tskeo irt relalicffl to th¢ aftYair5 Ot Mark8z El Tathgh¢¢f El Eslami ID th¢ Unitcd Kinsdom. Induction triniDg of tnL¥¢ees Folloii'in8 llPP)intmcol. neTh' trustec5 ar¢ it)trodu¢ed io their new role 0d 8iYeo ¢opie5 of the tru deed alld a guide to the wlaei¢s and PrureS adopted b). our charity.. A llumber of publi¢4ti(XLS trom the Charity Commis5i(x] are alx) proTrided including ihc 8uidance on charities and wblic benefit and cm the adw)cCmt of the rel181c for public bcnctit. Thi5 ensures that new trustees are ot the SCOF¢ of their reSnsIbIlitieS undeT the Charities A¢1. Initialli.. nefv tnjstees work with an existin8 trustees S1511n8 0 P4nicular &¥tiTritieS ad pr(yeLt¥ run th¢ Charilv. After salis£qctor%. fe¢d b8tyk frotll exisling trnstt*s they are then giv¢J] the t&sk ol lding a particular actiiity or projecL reFW)rtiDg progre&% at tfU5teeg meetin. The TNst¢es ¢xamine the major thal¢gi¢. business and owational risk& wtiich the charitv faces regularl).. Th¢ charity aciiTrely reviery thc ]naior risk5. wthich it face5 a regular basi5 and belietre5 that maintsining rcscTr¢s at (wrr¢nt lei""els, combined with 8n atmual review of th¢ Controls over k¢v financial ten. 111 provide sufficÉ¢ni reK)urces in th¢ e¥'enl of }.¢[$¢ condi11s. Th¢ Trt]ste¢s h8%¢ also exwnined oih¢r operaii(maJ artd busAne&% risLs faced bv the Charitv and ¢onfum th4t they hav¢ ¢stsblith¢d syst¢m5 to Miti the Si1<81 risks. REFERENCE AND ADNiif41YnLITTr'E DETAIIS Registered amrit). numbtr 3283&1 Page 2
Markaz El Tatb heef El Eslami ort of the Trustees for the Year Ended 30 Se tember 2024 Princip81 address Markaz E7-TathC¢r El-Eslami l Bradford Ro London W3 7SP Trustees Ali Bothan Mojarrad Sayed Jafar ZAdeh SILirazi Zedan Abba55 Hussein Razi Mirkhalaf Zad¢h Rahman Mohatned Ali Illdependent Exaltr Merali's Chartcred Accountants Scottish Provident House 76-80 College Road HArrow Middlesex HAI IBQ Approved by order of th¢ board of trustees on 13 March 2025 and signed its behalf by: irkhalaf Zad¢h- Trustee Page 3
Inde endent Examiner's Re ort to the Trustees of Markaz El Tath heef El Eslami Indeent ex8miner'$ r¢port to thè trustees of _Nlarkz El Tth2heef El Eslxu I repTrrt to the rharity truslees th D%y Gramination ot the 8ccounts of Markaz El Tathtt£ El Eslarni (the Trust) for the >r2r coded 30 S¢ptember2024. R¢spM)nsibi]itses nd baw ofreport As the charity trvst¢¢$ of the Trnst y(M are resIX$1b1e for the of the s¢TIts in 0rdall¢c lh¢ ftquirements of the Chariti¢$Act 201 I Cth¢ A¢f). I report ill r¢spt of my oxamirt4tion of the Tntsfs accrymts ria out under Sectioo 145 of the Aot and in carryin8 OUI my ekYJnination I have follord all applicable DIrectiS givcn by the Charity CODunissi uud¢r Section 145(5Xb) of thc Acl. Indepen(teDt examiner's staternt I bavc cotnplcted my cXalatiOn. I ¢firnI that no terTaI JTratters hav¢ come to my attcntioti in CADei) R4th th¢ &xan)inatio giVi118 m¢ ¢au5¢ to belie that in any nwt¢rial respe4t. ac¢ouuting rordS MtTe Jjot k¢pt Ill respect of the Trnst &% ryired by sed11 130 of the A¢ or the acc(wnts do not a¢¢4)rd 1th those re¢ords". or the aount5 do nol o)mply With the applicabl¢ r¢quiRmetsts c(¢¢M108 thc form and ctellt of acoJuRts s¢t in thc Charili¢s {Aecounts and Report5) Regulati5 2008 other thall any requircment that the accounts give a true and f8ir 14ew thich is not a matter considered as part of an independent mmithon. I have no COT]cern$ and have ¢ome llo oiher matters CneCti 1th the esamination to wbich 8ttentiort should b¢ in this report in order to enable a proFKr uod¢rst&ndirt8 of ik accwnts to be T¢ached. FC Merai Scotti$ 76-80 art A¢countDnts ovident Hous¢ Middlesex HAI IBQ 13 2025 Page 4
Markaz El Tath heef El Eslami Stydtement of Finantial Attivities for the Year Ended 30 Se tember 2024 2024 Total funds 2023 Totsl funds Unrestricted Restritted rund funds INCOhlE AP4D ENDOWNIENTS FROM Dmatiolls alld Icgacies 145,727 145,727 214,715 E.IPEI¥JDITLIRE O Charltsbl¢ actis7ti¢s Religious centre Wa8¢s and Salarios 57J04 13,782 57,204 13,782 22.456 12,453 Other 22285 22285 20,596 Totsl 93271 93271 55.505 llYCOME 52,456 52.456 159210 RECONCtLL4TIOII OF FLTIDS Total fimd5 brought foTThwd 6,831,li8 6,831.158 6.671,948 TOTAL FUNDS CARRIED FORIVARD 6.883.614 6.883.614 6.831.158 The notes fonn part of these financial statements Page 5
Markaz El Tath heef El Eslami Statement of Financial Position 30Se tember 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Noles FIXED ASSETS Tangible assets 6.881.042 6.881,042 2.222,043 CURREYf ASSETS Cash ai bank 6.008 6,008 4,615,785 CREDITORS Aynounts falling due within one year (3.436) (3.436) (6.670) NET CURRENT ASSETS 2,572 2,572 4.609,115 TOTAL ASSKTS LESS CURRENT LIABILITIES 6.883.614 6,883,614 6.831.158 )TET ASSETS 6.883,614 6,883,614 6.831.158 FUNDS Unrestricted fimds 6,883,614 6,831.158 TOTAL FUNDS 6,883,614 6,831.158 Thc financial staiements wcre approved by the Board of TTUStees and authorised for issue on 13 March 2025 and were signed on fftts behalf by.. Razi MirkhalafZad¢h- Trustee The notes forn] part of these fmancial statements Page 6
Markaz El Tath heef El Eslami Notes to the Financial Statements for the Year Ended 30 Se tembei. 2024 ACCOLTYTLYG POLJCILS Basffi8 ofprepring Ihe fall1) ststements The financia] attIncllts of the charit).. which is a public bellcfit entity Under FRS 102. have bccn prcpared in Kdance qth the Charities SORF (FRS lo2),Atillg and Rwting by Charities: StsienKnt of ReC<jmmend Prndice 8pplicabl¢ to charities prepariDs their accounts in acwrdance wilh the Financiol RertIng Standfthl aNltable in the UK and Republic of Irelgnd (FRS 102) (effe¢tii'e l January: 2019),, Flo¢141 Retx)rting Standard 102 'The Financial Reporting Stsnd8rd applicable in th¢ UK and Republic of Ireland thid the Clwiti¢s Act2011. The fm8ncial statemts bave be¢0 prepared undr the historical cost cTh)v¢71ti(Kt. All its¢ome is recOls¢d in the Stht¢meDi of Financi Adivities ffl¢e tbe cl)arity has entidemeni io the funds, it 18 probable that the income Trill b tld th¢ wnount C4n b¢ there4 reliably. Exwiditure IiabÈlitie$ Are r¢cogtkis¢d &s expeoditur¢ as as th¢r¢ is a le8ai or wnstrnctive lisatirn couunining th¢ ¢harity to that Xpendire, il is probable that * transferof economic ben¢fii$ will be required in settletn¢nl and the amount ofthe d)llti0]E be measured reltably. ExTr¢nditure is a¢¢¢M)nted for on acouals b&sig and has beth clas5ifjed under headin8S that aggre8ale all cost related kn the categjry. Whetc Costs cannot be dir¢dv attributsl io Fdrtiojlar Iwdings ihcy havc been allob'ated to a¢liviti¢s on A basis cortsistent Trith th¢ of resouw¢s. Tallgltle fixed &wts Freehold property- A¢ton - Strai8ht lin¢ I] buildinr lY Frc¢hold property- Bamet- Straight line over l(Kl bllilding only Fixthres and fittin8s- 25% Te4JuctDg balaD¢¢ Taxati Th¢ chariry ts ¢x¢mpt from tsxon its charitable activities. u]l¢t¢d funds can bts in acwrdan¢¢ n4th the ¢lwitsble obJIlYS at the dis¢retion of the tnjsw. RestFiCted 6Jnds can 1V be used for Fortil&r restrict¢d [r)Se5 Trithin the thjccts of the cknity. Restrictions arise wl)en SPltIed by the drnor or fvnds are rdised for particular Tleted [[)& DOIYATIONS AND LEGACIES 2024 2023 Iknations 145.727 214,715 TRUSTEES. REfvIUNERATION AND BENEFrrs There wcre no lrnst¢cs' remtthcration or othcr bcn¢fits for th¢ }ear ended 30 September 2024 nor for th¢ year endcd 30 September 2023. Tr*te2&, ¢xpens¢S There wtt¢ no trustccg expseS paid for the year endcd 30 SeptUDbcr2024 norfor the Trear endrd 30 S¢ptember2023. Page 7 continue(L..
Marluz El T2th heef El Eslarni Notes to the Financial StAtements - continued for the Year Ended 30 Se tember 2024 STAFF COSTS The av¢ra8¢ monthly numbcT of cllyloiresduiinsthe year vlas as follows: 21J23 AdministTatii'c Staff No employees receiyd efflolumusts in eTc¢ss of £60,CiI). CO&llP*lRATTrIS FOR TIIE SrATE%IV OF Ff4LNCIAL A1VrlEs Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Iknations and l¢gacies 214.715 214.715 LEL¥DrTURE ON aritsble actis4d¢s Religious cents¢ Wllges alld Salari¢s 22,456 12,453 22.456 12,4)3 20.596 20.596 Total 55,505 55.505 NET IryCOL¥I& J59.210 159210 RECOPICILIATION OF FUNIXS Totsl tiinds brought forward 6.671948 6,671.948 TOTAL FLI4DS CARRIED FORWARD 6.831,158 6.831.158 TANGIBLE FLYED A&SETS Freehold Freehold property Property - Acton - Barnet wre8 rittings Totals cosr At l (ktober 2023 Additions 1.672.i46 548.000 4.677.839 2229.046 4.677,839 At30 September 2024 1.672,546 5225.839 8.500 6.906.885 DEPRECIATION At I Iktober 2023 Ch4rg¢ for year 4,878 4.181 2.125 1,591 7.003 18.840 l3.065 At 30 S¢Frtember 2024 9,059 13.065 3.719 25,813 Nrf BOOK I'ALUE At 30 September 2024 1.663,487 5212.774 4.781 6,881,(H2 At 30 Septeber 2023 1.667.668 548.000 6J75 2,222.C>13 Page 8 continued...
Markaz El Tath heef El Eslami Notes to the Financial Statements - Continued for the Year Ended 30 Se Éembei. 2024 TANGIBLE FJXED A&SETS_ ¢ODlinued The Aclon freehdd proFert%t is purchased on 29 Julv 2022. Prrt, addr. l Brndford Road, Warple Way. London, W3 7SP. TFAe pry)F¢ty ivas for £1,672.546. The cost ol the fr¢ehold protw comprises of 25D/• building aod 750/ land. The taagiblc fix asset additions duTin8 the year of £4fj77,839 represents the compl¢ti¢)n amount for the n¢w bam¢t propertv 114th purchase pice £5225.839. The cost of the freehold propefft. comprAses of 25°/o buildin&. and 75 /• l&nd. Proiw address: 310 tane. BarneL EN5 2AH. CREDITORS: AMOIryTS FALLIlG DLE wrrHif*' ONE I"EAR 21123 TAxalion and so¢ial se¢urity OthereditOrS 736 2,7(X) 198 6.472 3.436 6.670 MOI'EfvffENT IN FL,NDS Net movement in funds At ilior23 At 3019124 Unrerfricted funds Oeneral hjnd 6,831.158 52.456 6.883.614 TOTAL FUNDS 6J31.158 52.456 6,883,614 mov¢ment in hnd& included iti Ib¢ abo&E are 4s follo Incoming Resources Movement resources expended in funds General fiwd 145.727 (93271) 52.456 TOTAL FUPIDS 14i,727 (93271) 52.456 e(¥llparatii'es for movement Ill funds Net movement in funds At 1110122 At 3019123 Unrestrlcted funds Gencral fund 6.671948 159210 6.831.158 TOTAL FiiNDS 6fj7L.948 li9210 6.831,158 Page 9 continued..
Markaz El Tath heef El Eslami Notes to the Financial Statements- continued for the Year Ended 30 Se tember 2024 MOI'EMENT IN FUNDS. contirned comirative net moyemcllt in fund4 indTKd¢d in the ab)Ir are as folloThE Intoming Resources Movement sources expended in funds Umrestrieted funds General futkd 214,71) (55505) 159210 TOTAL FUNDS 214,715 (55,505> 159,210 A current >ur 12 mcthS and prioryear 12 mooths wrfnbincd position is as follow. Net nwvement in funds At Ion2 At 3019124 Unr¢$trl¢t¢d thnds Cener81 tund 6.671,948 2] 1.666 6,883.614 TOTAL FUNtk8 6.671.948 211.666 6,883,614 A currtfjt Y¢ar 12 thth$ and wior year 12 nM)nths combitied ttet Veml io thnds. included in the above 8T¢ as folloThs: Intoming Resources Movement resources expended in funds Unr¢$trlried fith Gener81 tund 360.442 (148.776) 211.666 TOTAL FUNDS 360.442 (148,776) 211.666 RELATED PARTY DISCLlkSURES Th¢re [¢ no relal¢d party ITBD5actions for the ve4r ended 30 S¢pt¢uther2024. Page 10