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← Mount Pleasant Islamic Trust

2025-09-30-accounts

MOUNT PLEASANT ISLAMIC TRUST TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Registered Charity No. 517670

MOUNT PLEASANT ISLAMIC TRUST Financial Statements for the year ended 30 September 2025

Charity No. 517670

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Page
Trustees' report 1 to 5
Independent Auditor's Report 6 to 9
Statement of financial activities 10
Balance sheet 11
Statement of Cash Flows 12
Notes to the accounts 13 to 20
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Charity No. 517670

MOUNT PLEASANT ISLAMIC TRUST Charity No. Trustees’ Report for the year ended 30 September 2025 ere ————..—i ee The trustees present their annual report and financial statements for the year ended 30 September 2025 The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity's constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Administrative details

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Charity Name: Mount Pleasant Islamic Trust Charity Number: 517670
Also known as: MPIT Charity Office: Madina Masjid,
Purlwell Lane
Custodian Trustees: Batley, WF17 7NQ
Ibrahim H. Laher,
Hafez Yusuf Aswat
Esuf M. Karolia
Yusuf S. Patel
Abdul A Patel
Trustees / Office Bearers:
Chair Hanif Mayet
Vice Chair Suleman Nana
General Secretary Fezal Valimulla
Joint Secretary Ebrahim A Laher
Assistant Joint Secretary Mohmad Faruk A Dabhad
Madrasah Secretary Mohsin A Pandor
Treasurer Shahid Mayet
Assistant Treasurer Vashiullah S Bodiyat
Assistant Treasurer Yusuf | Lunat
Office Bearer Azhar Salim Lakhi
Office Bearer Dr Abdulrenhman Rajpura
Office Bearer Nazir S Lorgat
Other executive members:
Hafez Khalid A. Daji Rashid E. Soni Gulam Y. Laher
Ebrahim G. Karolia Ismail Lunat Mohammed Ali Karolia
Anish |. Mayet Hanif Vallimulla Faizal Anmed Ali Novsarka
Yakub Rawat Zakir Anmed |. Lunat Salim Rajah
Hafez Yusuf Patel Suhail Mayat Mohammad Amin Rawat
Hafez Yusuf Aswat Hafez Mahmood Patel
Key Staff: Madrasah Head Teacher: Z. Akudi
Advisers: Bankers: Virgin Money (Yorkshire Bank Plc), Lloyds Bank Plc, HSBC Bank Pic
Accountants/Auditors: Forrest Burlinson 20 Owl Lane, Dewsbury, WF12 7RQ
Solicitors: Disken & Co 20 Bond Street, Dewsbury, WF13 1AT
Auditor: Ebrahim Suleman ACA
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Purpose and activities

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future objectives, and have complied with the Charities Act.

The purposes of the charity are:

® The advancement of the Islamic faith primarily in Mount Pleasant, Batley, and surrounding areas consistent ® with the teachings of the Quran and Hadith as interpreted by the Deobandi school of thought. The provision and maintenance of a Masjid, Madrasah and place of worship and learning.

Page 1

MOUNT PLCASANT ISLAMIC TRUST Trustees’ Report for the year ended 30 September 2025

Charity No.

517670

Our aims are:

Public Benefit Statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit in exercising their powers and duties and in planning future objectives and have complied with the Charities Act.

Structure, governance and management

The Charitable Trust is constituted by way of a Constitution adopted 3 March 1985, as last amended on 23 November 2014. The trustees named on the front sheet have served throughout the year except where indicated. Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. The charity is run by the 'Executive Committee’ and ordinarily consists of not less than 3 and not more than 35 individuals, members of the Executive Committee are elected at the Annual General Meeting.

Policies and procedures adopted for the induction and training of trustees

Trustees are elected on their past record of charitable work with the Trust. To ensure that new trustees fulfil their duties and responsibilities the Trust will provide guidance and assistance in accordance with the Charity Commission's guidelines. The Trust will also nominate one person to attend training courses and that person will be responsible for training new trustees.

Key management personnel and pay policy for senior staff

The trustees consider the Cxecutive Committee as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give their time freely and no trustee remuneration was paid during the year. The pay of senior staff is reviewed regularly in accordance with what is considered to be good practice.

Achievements and performance

Page 2

MOUNT PLEASANT ISLAMIC TRUST Trustees' Report for the year ended 30 September 2025

Charity No. 517670

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e Raising funds from the community for local national and worldwide disasters such as MRI
appeal and Palestine.
ic) Assist new Muslims to access teaching and praying facilities.
e 3rd Youth conference took place
3) Hosting a 5 -day International Quran competition with over 200 participants from 20 plus countries
[) New Scouts group launched to help young people learn new skills and gaining insight to
leadership, community building and teamwork
e Organising community walks to Malham Cove to help promote unity and healthy living
e Organising a foodbank drive to support our local foodbank and assisting families facing hardship
® The MPIT website is up and running for community to access
® Online payments systems in place.
° Yearly BBQ event for the public as part of engagement with the youth and a fund raiser for the trust
) Hosting a DWP planned event for job seekers, and businesses having a successful turnout with
over 100 people attended.
® MPIT provided facility for MID YORKSHIRE TEACHING NHS TRUST recruitment workshop with a
turnout of 50 - 60 newly graduates.
Mount Pleasant Islamic Trust continues to provide formal and non formal education to students by
trained teachers and supports the teachers with internal and external training initiatives such as child
protection, first aid, health, and safety.
Female volunteers of Mount Pleasant Islamic Trust continue to assist the trust by holding charity events
and women's wellbeing programmes.
CCTV systems have assisted the police in crime prevention at both sites.
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Effective systems are in place for communication between the trustees, members, and staff of the trust. Everyone is encouraged to provide feedback and input to the Executive Committee via email, phone or in writing. Regular executive meetings are held to identify deficits, and the minutes of each meeting can be accessed on request by members.

Financial review and reserves

The Trustees are pleased to report that in the year donations were received enabling the charity to continue the achievement of its objectives. During the year the funds generated by the Trust activities have enabled the Trust to cover the bills of the Charity. The charity's expenditure on charitable activities exceeded its overall income for the year by £172,410 (2024: £97,092). As ever the charity's principal cost is wages and salaries for staff, these costs which account for 65% of total expenditure, have risen by £124,285 in the year. Islamiyah Publications which is the publishing of the Madrasah syllabus has made sales in the year of £61,152 (2024: £58,125). and income from hiring of premises and utensils was £17,735 (2024: £21 320). General reserves were -£53,842 as at 30 September 2025 (2024: £389,246). The Property Fund was £1,561,239 this is the book value (at cost) of the buildings and so cannot be considered as readily available reserves.

Mount Pleasant Islamic Trust has a policy of maintaining a Madrasah Fund with a minimum of working capital of £25,000, which is topped up from the General reserves. This effectively represents the annual cost of supporting the Madrasah above the fees that are received, the top-up for this last year was £366,091 (2024: £267,431).

Reserves policy

It is the policy of the Trust to maintain unrestricted funds such that the normal activities of the charity can be maintained at a satisfactory level, our obligations met and the services provided by MPIT are enhanced. The levels of the reserves are detailed in the financial statements. The reserves of the Trust originate from original and subsequent capital and revenue donations. The Trustees have adopted a reserves policy that ensures the continuing ability of the Trust to meet its objectives. The Trust now has 2 investment properties to support its activities.

Investment Powers

The Trust Deed authorises the trustees to make and hold investments according to the Shariah Law and in an ethical manner using the general funds of the charity.

Page 3

MOUNT PLEASANT ISLAMIC TRUST Trustees' Report for the year ended 30 September 2025

Charity No. 517670

Risk management

The trustees actively assess the major risks to which the charity is exposed through regular meetings and are satisfied that systems are in place to mitigate their exposure to any major risks.

Plans for future periods

The Trust needs to continue looking to:

2.1 Strengthen our independence of attracting donors by identifying funding sources via local businesses. 2.2 Secure and strengthen partnerships with parents of the young children attending the Madrasah 2.3 Develop a strong volunteer base for the Mount Pleasant Islamic Trust and youth development initiatives.

3 - Nurturing friendships and establishing new networks

3.1 Building a stronger relationship with mainstream and community organisations and engaging with them.

Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing financial statements, the trustees are required to: © select suitable accounting policies and apply them consistently; e observe the methods and principles in the applicable Charities SORP; ic) make judgements and estimates that are reasonable and prudent; ® state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and; (S) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, such legislation may differ from legislation in other jurisdictions.

Page 4

MOUNT PLEASANT ISLAMIC TRUST Trustees' Report for the year ended 30 September 2025

Charity No.

517670

Thanks

The trustees take this opportunity to thank the local community, in particular our generous donors and beneficiaries for their support and having faith in the Trust for its ability to deliver services to the local Islamic community. The executive committee, volunteers, staff and friends remain committed to the work of Mount Pleasant Islamic Trust.

Approval

This report was approved by the trustees on 14th February 2026 and signed on their behalf.

Signed Hanif Mayet Signed Shahid Mayet (Chair) (Treasurer)

Page 5

MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2025_ Charity Registration

Charity Registration No. 517670

Opinion

We have audited the financial statements of Mount Pleasant Islamic Trust for the year ended 30 September 2025 which comprise the Statement of Financial Activities , the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

| Give a true and fair view of the state of the charitable company's affairs as at 30 September 2025 and of its incoming resources and applications of resources, including its income and expenditure, for the year then ended;

\ Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and I Have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities 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 ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is sufficient and appropriate lo provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the related sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 6

: MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2025 Charity Registration No. 517670

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves or a material misstatement of the other information. lf, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilites of trustees

As explained more fully in the Trustees' Responsibilities Statement (page 4), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities act 2011 and report in accordance with the Act and relevant regulations made of having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

As part of an audit in accordance with ISAs (UK), the auditor exercises professional judgement and maintains professional skepticism throughout the audit.

Page 7

Charity Registration No. 517670

WMOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2025 Charity Registration The extent to which the audit was considered capable of detecting irregularities including fraud. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

To help us identify instances of non-compliance with laws and regulations that might have a material effect on the financial statements, and in identifying and assessing the risks of material misstatement in respect to non-compliance, or procedures included, but were not limited to:

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Charities Act 2011 .

Based on our understanding of the charity and its sector, we identified that the principal risks of non-compliance with laws and regulations related to UK Charity Law and Safeguarding regulations. We considered the extent to which non-compliance might have a material effect on the financial statements, as well as those laws and regulations that have a direct impact on the preparation of the finaticial slalements.

In addition, we evaluated the trustees' and management's incentives and opportunities for fraudulent manipulation of the financial statements including the risk of override of controls and determined that the principal risks were related to revenue and management bias in accounting estimates and application of controls around authorisation around expenditure and payments.

There are inherent limitations in the audit procedures. Auditing standards limit the audit procedures to identify non-compliance with laws and regulations, the further that particular laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Page 8

i

MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST eeNCFOR THEee YEARcaeENDED 30eoeEeeeeOmmmmEeNl SEPTEMBER 2025 CharityHY RegistrationEQIStration No.NO. 51767097/0/70

As with any audit, there remains a risk of non-detection of irregularities, as these can involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

The primary responsibility for the prevention and detection of irregularities, including fraud, rests with the trustees.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the Opinions we have formed.

Ebrahim Suleman (Senior Statutory Auditor) for and on behalf of Forrest Burlinson, Statutory Auditor

20 Owl Lane, Dewsbury WF12 7RQ

Page 9

MOUNT PLEASANT ISLAMIC TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

Unrestricted Restricted Total Total
funds funds funds funds
Notes 2025 2025 2025 2024
£ £ £ £
Income and endowments from:
Donations 2 138,614 - 138,614 177,100
Charitable activities 3 123,268 831,056 954,324 883,891
Trading activities 4 61,152 - 61,152 58,125
Investment: bank interest 3,448 - 3,448 6,518
Total income 326,482 831,056 1,157,538 1,125,634
Expenditure on:
Charitable activities
Masjid 5 59,896 - 59,896 137,122
Madrasah 6 - 870,270 870,270 751,845
Darul-Arqum 7 - 313,194 313,194 263,575
Charitable donations 8 1,652 - 1,652 12,134
Trading activities 9 43,038 - 43,038 27,584
Other activity costs 10 41,898 - 41,898 30,466
Total expenditure 146,484 1,183,464 1,329,948 1,222,726
Net income/(expenditure) 179,998 (352,408) (172,410) (97,092)
Transfers 20 (379,524) 379,524 - -
Netmovement in funds 12,20 (199,526) 27,116 (172,410) (97,092)
Reconcilliation of funds:
Total funds brought forward 2,110,273 329,500 2,439,773 2,536,86/
Fundfundscarriedforward 1,910,747 356,616 2,267,363 2,439,775

Page 10

MOUNT PLEASANT ISLAMIC TRUST BALANCE SHEET AS AT 30 SEPTEMBER 2025

Charity No.

517670

eee

Unrestricted
Funds		 Restricted
Funds		 Total
Funds		 Total
Funds
2025 2024
Notes £ £ £ £
FIXED ASSETS:
Tangible assets
Investment properties		 15
16		 1,279,035
282,204		 12,440 1,291,475
282,204		 1,351,611
1,561,239
12,440
1,573,679
1,351,611
—EEE
OLOOF
NFSON CTT
CURRENTASSETS:
Stock
Debtors& Prepayments
Cash atbankand in hand
Total currentassets		 17
18		 76,653
402
279,170
356,225		 -
25,887
370,759
396,646		 76,653
26,289
649,929
752,871		 98,258
35,177
1,006,850
1,140,285
LIABILITIES:
Creditors falling due
within one year 19 6,717 52,470 59,187 52,121
Netcurrentassets 349,508 344,176 693,684 1,088,164
NETASSETS: 1,910,747 356,616 2,267,363 2,439,775
FUNDS OF THE CHARITY: 20
General purposes fund
Propertyfund
Madina Masjid fund
Madrasah Fund
Darul-Arqum Fund
Kind Connections		 (53,842)
1,561,239
403,350
-
-		 -
-
-
25,000
326,693
897		 (53,842)
1,561,239
403,350
25,000
326,693
897		 389,246
1,351,611
369,416
25,000
299,579
897
Musalla Carpet Fund - 4,026 4,026 4,026
1,910,747 356,616 2,267,363 2,439,775

The notes on pages 13 to 20 form part of these accounts.

Approved by the trustees on 14th Febraury 2026 and signed on their behalf by:

Signed : Hanif Mayet (Chair)

Signed : Shahid Mayet (Treasurer)

Page 11

MOUNT PLEASANT ISLAMIC TRUST STATEMENT OF CASH FLOWS AS AT 30 SEPTEMBER 2025

Charity No.

517670

Total Total
2025 2024
Notes £ £
Cash flows from operating activities 22 5,086 11,714
Purchase of property, plant and equipment (362,007)
Change in cash and cash equivalents in the reporting period (356,921) 11,714
Cash and cash equivalents at the beginning ofthe period 1,006,850 995,136
Cash and cash equivalents at the end ofthe period 649,929 1,006,850
Reconciliation ofcash and cash equivalents
Bank and cash in hand 649,929 1,006,850
Totalcashandcashequivalents 649,929 1,006,850

Page 12

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

517670

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eee
1 Accounting Policies
The Charity is a public benefit entity as defined by FRS 102.
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
Preparation of the financial statements are as follows:
1.1. Basis of preparation of accounts
The accounts are prepared under the historical cost convention and include the results of the charity's
operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice: ‘Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)' , applicable regulations, and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the charity and monetary
amounts are rounded to the nearest f.
1.2 Funds structure
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor,
legator, grant provider, or trust deed.
Restricted funds are those relating to monies donated and fees collected in running and supporting the
Madressa and Darul-Arqum, as well as appeals and donations for specific purposes explained in the notes below.
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in the
furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their
discretion, have created a fund for a specific purpose.
Designated funds are the Property Fund that represents the 'bricks-and-mortar' of assets that would have to be
disposed of for these funds to be realised and the Madina Masjid fund which is the operating capital of the Masjid.
1.3 Income
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the
resources will be received and the monetary value of incoming resources can be measured with sufficient
reliability and are stated before all expenses.
1.4 Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation
committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been
classified under headings that aggregate all costs related to the category.
Where expenditure has been allocated between activities this has been done on the basis of the utilization of
facilities approximating to the amount of space occupied.
All expenditure is shown inclusive of VAT which the charity is not entitled to reclaim.
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1.8 Debtors and prepayments Trade and other debtors are recognised at the settlement amount due after any discount. Prepayments are the amount of expenditure prepaid as at the period end after taking account of any discount. 1.9 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation as a result of a past transaction or event that will probably result in the transfer of funds and the amount due to settle the obligation can be measured or estimated reliably, these are recognised after any discount due.

Page 13

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

517670

1.10 Financial instruments

Financial instruments are recognised in the charity's balance sheets when the charity becomes party to the contractual provisions of the instrument.

The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Being a company limited by guarantee, the charity has no equity instruments. Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2 Donations and gifts
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
General donations 138,614 - 138,614 177,100
138,614 - 138,614 177,100
3 Income from charitable activities
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Members fees 79,715 - 79,715 76,102
Madrasah fees - 489,677 489,677 468,781
Bookshop (Kutub-Khana) income 14,502 14,502 10,879
Darul-Arqum funding - 323,185 323,185 299,130
Darul-Arqum otherincome - 3,692 3,692 3,978
Madrasah Funday - - 1,546
Hall booking and equipment hire 17,735 : 17,735 21,320
Marriage fees 3,561 - 3,561 1,875
Income from solar panels & banner §,833 - 5,833 -
Kafan Fee 245 - 245 280
House Rents 12,916 12,916
Clothing bank Income 2,000 2,000
Madina Masjid - Fundraiser 1,263 1,263
123,268 831,056 954,324 883,891

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MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

517670

eee

4 Income from charitytrading activities
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Islamiyah Series Publications 61,152 - 61,152 58,125
61,152 - 61,152 58,125
5 Madina Masjid costs
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Insurance
Heatand light
Repairsand renewals
Madina Masjid Wudhu Khana expenses		 3,863
34,652
9,279		 -
-
-		 3,863
34,652
9,279		 2,902
28,966
95,315
Miscellaneous expenses
Printing, postage and stationery		 250
300		 -
-		 250
300		 250
-
Water rates
Supportcosts (note 11)		 5,266
6,286		 -
.		 5,266
6,286		 2,443
7,246
59,896 : 59,896 137,122
6 Madrasah costs
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Wagesand national insurance
Insurance
Heatand light
Repairsand renewals
Madrasah Wudhu Khana expenses		 -
-
-
-		 629,332
4,769
34,271
55,924
-		 629,332
4,769
34,271
55,921
-		 543,458
4,353
42,015
25,182
-
Printing, postage and stationery
Business rates
Water rates
Telephone
Teaching materials		 -
.
-
-
-		 -
15,741
4,801
-
13,027		 -
15,741
4,801
-
13,027		 1,117
15,130
4,282
690
-
Bookshop purchases
Managementsoftware
Miscellaneous expenses		 -
-
-		 2,825
2,400
547		 2,825
2,400
547		 6,821
2,400
-
Madrasah Prizes
Professional Fees
Depreciation - fixtures & fittings
Supportcosts (note 12)		 -
-
-		 3,030
-
1,716
101,890		 3,030
-
1,716
101,890		 3,019
1,500
101,878
- 870,270 870,270 751,845

Page 15

Charity No.

517670

MOUNT PLEASANT ISLAMIC TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |7|~~|Darul-Arqum|costs| |Unrestricted|Restricted|2025|2024| |Funds|Funds|Total|Total| |£|£|£|£| |Wages,|NI|and|pension|costs|-|231,828|231,828|193,416| |Staff|training|-|1,333|1,333|2,715| |Repairs|and|renewals|-|21,869|21,869|20,617| |Printing,|postage|and|stationery|-|601|601|379| |Telephone|-|72|72|185| |Teaching|materials|-|16,303|16,303|6,741| |Miscellaneous|expenses|-|5,286|5,286|4,674| |Professional|fees|-|217|217|98| |Support|costs|(note|11)|-|34,433|34,433|34,750| |Depreciation|-|fixtures|&|fittings|1,252|1,252|-| |:|313,194|313,194|263,575| |8|Charitable|donations| |Unrestricted|Restricted|2025|2024| |Funds|Funds|Total|Total| |£|£|£|£| |Macmillan|Donation|152|162|134| |FMNC&|AID4UMMAH|1,500|1,500|12,000| |1,652|-|1,652|12,134| |9|Expenditure|on|trading|activities| |Unrestricted|Restricted|2025|2024| |Funds|Funds|Total|Total| |£|£|£|£| |Publishing|costs|42,932|-|42,932|27,515| |Bank|charges|106|-|106|69| |43,038|-|43,038|27,584| |10|Other|activity costs costs| |Unrestricted|Restricted|2025|2024| |Funds|Funds|Total|Total| |£|£|£|£| |Repairs|and|renewals|32,568|-|32,568|17,480| |Business|rates|1,120|-|1,120|842| |Printing,|postage|and|stationery|-|-|-|-| |Telephone|1,089|-|1,089|405| |Professional|Fees|-|-|-|1,450| |Miscellaneous|expenses|7,121|-|7,121|10,289| |Syllabus|sundries|-|-|-|-| |Kind|Connections|Expenses|-|-|-|-| |41,898|-|41,898|30,466|

----- End of picture text -----

10 Other activity costs costs

Page 16

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

517670

11 Support costs

11 Support costs
Property Admin &
costs governance Total
£ £ £
Masjid 4,876 1,410 6,286
Madrasah
Darul-Arqum		 99,070
33,023		 2,820
1,410		 101,890
34,433
136,969 5,640 142,609
Supportcosts -prioryear year
Property Admin&
costs governance Total
£ £ £
Masjidcosts 4,876 2,370 7,246
Madrasah costs 97,138 4,740 101,878
Darul-Arqum costs 32,380 2,370 34,750
134,394 9,480 143,874
12 Net movements in funds forthe year
2025 2024
This is stated aftercharging: Total Total
£ £
Depreciation
Auditorfor services of:		 - examination 136,969
-		 134,394
-
- accountancy 3,840 3,840
- audit 3,600 5,400
13 Staff costs
The average monthlynumberof staffemployed
full-time equivalent (FTE) numberof staff:		 bythecharity during the reporting period and an estimate ofthe
Average no. FTE no. Average no. FTE no.
2025 2025 2024 2024
Madrasah
Darul-Arqum		 92
16		 38
10		 77
18		 46
11
108 48 95 57
2025 2024
£ £
Wagesand salaries
Pension contributions		 Madrasah
Darul-Arqum
Madrasah		 609,997
219,648
1,949		 535,539
187,268
1,109
Darul-Arqum 620 -
Social security costs Madrasah
Darul-Arqum		 16,766
12,181		 6,810
6,150
861,161 736,876

There are no employees with emoluments above £60,000 in the year or the previous year,

14 Remuneration and expenses to trustees

No remuneration or expenses were paid to any trustee in the year.

Page 17

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

SA7670

15 Tangible Fixed Assets
Freehold Fixtures
Land and and
Buildings Fittings Total
£ £ £
Cost
At 1 October 2024 3,659,832 101,147 3,760,979
Additions 64,393 15,408 79,801
Disposals - (101,147) (101,147)
At 30 September 2025 3,724,225 15,408 3,739,633
Depreciation
At1October2024 2,308,221 101,147 2,409,368
Charge for the year 136,969 2,968 139,937
On disposals - (101,147) (101,147)
At 30 September 2025 2,445,190 2,968 2,448,158
Net book value
At 30 September 2025 1,279,035 12,440 1,291,475
At 30 September 2024 1,351,611 5 1,351,611
16 Investment property
Investment
properties
Additions 282,204
Netbookvalueat30September2025 282,204

In October 2024, the Charity has purchased 2 investment properties to safeguard the future income of the Charity. The cost of these properties is £282,204.

17 Stock Unrestricted Restricted 2025 2024
Funds Funds Total Total
as restated
£ £ £ £
Stock ofsyllabus books 76,653 - 76,653 98,258
18 Cash at bank and in hand Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Cash at bank 275,492 369,833 645,325 995,549
Cash in hand 3,678 926 4,604 11,301
279,170 370,759 649,929 1,006,850
19 Liabilities Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Creditors and accruals 6,717 10,539 17,256 17,372
Prepaid income 33,242 33,242 45,874
Taxes and social security costs - 8,689 8,689 (11,125)
6,717 52,470 59,187 52,121

Page 18

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

517670

SESE

20 Analysis ofcharitable funds - current year
Balance at
1 Oct 2024		 Incoming
resources		 Resources
expended		 Transfers Total funds
30 Sept 2025
Unrestricted Funds: £ £ £ £ £
General purposes fund
Propertyfund
Madina Masjid fund		 389,246
1,351,611
369,416
2,110,273		 238,938
.
87,544
326,482		 (86,588)
-
(59,896)
(146,484)		 (595,438)
209,628
6,286
(379,524)		 (53,842)
1,561,239
403,350
1,910,747
Restricted Funds:
Madrasah Fund
Darul-Arqum Fund
Kind Connections
Musalla Carpet Fund		 25,000
299,579
897
4,026		 504,179
326,875
-
-		 (870,270)
(313,194)
-
-		 366,091
13,433
-		 25,000
326,693
897
4,026
329,502 831,054 (1,183,464) 379,524 356,616
2,439,775
1,157,536
ee		 (1,329,948) -
2,267,363
EEE IOS
Analysis ofcharitable funds -previousyear
Balance at
1 Oct2023		 Incoming
—resources		 Resources
expended		 Transfers Totalfunds
30Sept2024
Unrestricted Funds: £ £ £ £ £
Generalpurposesfund
Propertyfund
MadinaMasjidfund		 387,697
1,486,005
383,738
2,257,440		 225,766
-
115,554
341,320		 (70,184)
-
(137,122)
(207,306)		 (154,033)
(134,394)
7,246
(281,181)		 389,246
1,351,611
369,416
2,110,273
RestrictedFunds:
MadrasahFund
Darul-Arqum Fund
KindConnections
Musalla CarpetFund
Wudhu Khana (washrooms) Fund		 28,208
246,296
897
4,026
-		 481,206
303,108
-
-
-		 (751,845)
(263,575)
-
-
-		 267,431
13,750
-
-		 25,000
299,579
897
4,026
-
279,427 784,314 (1,015,420) 281,181 329,502
2,536,867
1,125,634
(1,222,726)
-
2,439,775
eS
a

Unrestricted funds: General purposes fund

This is the principle fund of the charity and income produced from this fund is used to support the work of the charity.

Unrestricted designated funds: Property fund This fund represents the bricks and mortar included at the balance sheet value.

Madina Masjid fund

This fund provides the operating capital of the Madina Masjid.

Restricted funds: Madrasah Fund This fund relates to monies donated and fees collected in running and supporting the Madrasah.

Darul-Arqum Fund This fund relates to monies donated and fees collected in running and supporting the nursery.

Musalla & Madrasah (carpet) Fund

This fund relates to monies collected for the replacement of the carpet in Madrasah.

Kind Connections Fund This fund relates to monies donated to assist the community during the Covid-19 pandemic.

Page 19

Charity No 517670

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

21 Analysis of net assets between funds
Unrestricted
General		 Unrestricted
Property		 Unrestricted
Other		 Restricted
Funds		 Total
Funds
Funds Fund Funds
£ £ £ £ £
Tangible fixed assets - 1,561,239 - 12,440 1,573,679
Current assets (47,125) - 403,350 396,646 752,871
Creditors fallingduewithin oneyear (6,717)
(53,842)		 -
1,561,239		 -
403,350		 (52,470)
356,616		 (59,187)
2,267,363
Analysis ofnetassets between funds -previousyear2024 2024
Unrestricted
General		 Unrestricted
Property		 Unrestricted
Other		 Restricted
Funds		 Total
Funds
Funds Fund Funds
£ £ £ £ £
Tangible fixed assets - 1,351,611 - - 1,351,611
Currentassets 395,282 - 369,416 375,587 1,140,285
Creditors falling due within oneyear (6,036) : - (46,085) (52,121)
389,246 1,351,611 369,416 329,502 2,439,775
22 Reconciliation of net movements in funds to netcash flowfrom operating activities
Total Total
2025 2024
£ £
Net movement in funds (172,410) (97,092)
Add back depreciation charge 139,937 134,394
Decrease (increase) in stock 21,605 (24,515)
Decrease (increase) in debtors 8,888 5,566
Increase (decrease) in creditors 7,066 (6,639)
Netcashusedinoperatingactivities 5,086 11,714

23 Related Party Transactions

The trustees of Mount Pleasant Islamic Trust recognise the importance of transparency. The funds of the charity are expended solely for the advancement and objectives of Mount Pleasant Islamic Trust. Appropriate systems and processes are in place to ensure related parties are identified from the onset. Appropriate guidelines, normal practices and procedures are followed in all transactions with related parties, and the process is regularly reviewed. The charity, on a regular basis, continues to review its systems and processes to ensure compliance within the SORP guidelines.

Page 20

MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity No.

517670

oo

SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSssseee

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |21|Analysis|of|net|assets|between|funds| |Unrestricted|Unrestricted|Unrestricted|Restricted|Total| |General|Property|Other|Funds|Funds| |Funds|Fund|Funds| |£|£|£|£|£| |Tangible|fixed|assets|-|1,561,239|-|12,440|1,573,679| |Current assets|(47,125)|-|403,350|396,646|752,871| |Creditors|falling due within|one year|(6,717)|-|-|(52,470)|(59,187)| |(53,842)|1,561,239|403,350|356,616|2,267,363| |Analysis|of|net assets|between|funds|- previous year 2024| |Unrestricted|Unrestricted|Unrestricted|Restricted|Total| |General|Property|Other|Funds|Funds| |Funds|Fund|Funds| |£|£|£|£|£| |Tangible|fixed assets|-|1,351,611|-|-|1,351,611| |Current assets|395,282|-|369,416|375,587|1,140,285| |Creditors|falling due|within one year|(6,036)|-|-|(46,085)|(52,121)| |e|389,246e|1,351,611|369,416e329,502|2,439,775i|

----- End of picture text -----

22 Reconciliation of net movements in funds to net cash flow from operating activities

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Total|Total| |2025|2024| |£|£| |Net movement|in funds|(172,410)|(97,092)| |Add|back depreciation|charge|139,937|134,394| |Decrease|(increase)|in stock|21,605|(24,515)| |Decrease|(increase)|in|debtors|8,888|5,566| |Increase|(decrease)|in|creditors|7,066|(6,639)| |Net cash|used|in|operating|activities|5,086|11,714|

----- End of picture text -----

23 Related Party Transactions

The trustees of Mount Pleasant Islamic Trust recognise the importance of transparency. The funds of the charity are expended solely for the advancement and objectives of Mount Pleasant Islamic Trust. Appropriate systems and processes are in place to ensure related parties are identified from the onset. A ppropriate guidelines, normal practices and procedures are followed in all transactions with related parties, andthe process is regularly reviewed. The charity, on a regular basis, continues to review its systems and processes to ensure compliance within the SORP guidelines.

Page 20