2025-03-31-accounts

REGISTERED CHARITY NUMBER - SC026814

Report of the Trustee and
Financial Statements for the year ended
31st March 2025

for

Perth Islamic Society

MBM Acountancy
211b Main Street
Bellshill
Lanarkshire
ML4 1AJ

Perth Islamic Society

Contents of the Financial Statements for the year ended 31st March 2025

	Page
Report of the Trustees	1
Objectives and Aims	2
Statement of Financial Actvities	3
Balance sheet	4
Notes to the Financial Accounts	5
Notes to the Financial Accounts (Cont)	6
Notes to the Financial Accounts (Cont)	7
Detailed Statement of Financial Activities	8

Perth Islamic Society

Report of the Trustees

Financial Statements for the year ended 31st March 2025

The Trustees present their report with the financial statements of the charity for the year ended
31st March 2021

The Trustees have adopted the statement of recommended practice (sorp), Accounting and
Reporting by Charities issued in March 2005.

Reference and Administration details

Registered Charity number
SC026814

Principal Address

2 Kincarrathie Crescent
Perth
PH2 7HH

Accountants

MBM Accountancy
211b Main Street
Bellshill
Lanarkshire
ML4 1AJ

Structure, Governance and Management

Governing Document

The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated
Charity.

The Charities constitution is dated 23rd June 1997.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.

Perth Islamic Society

Report of the Trustees

Financial Statements for the year ended 31st March 2025

OBJECTIVES AND AIMS

The objects of the society shall be to advance the Islamic religion and in furtherance thereof the

*To provide facilities & premises to the Muslim community in Perth and surrounding area.

*The relief of poverty of those in need among the Muslim community in the area.

* The conduct of public worship accordingly to the tenets of the religion of Islam in accordance with
the Sunni sect.

* The provision of facilities for public worship according to such tenets of Perth Islamic Centre
In addition these facilities will be used for the study of the religion and for the education of persons
in the faith of religion.

*The promotion, propogation and carrying on such activities as are incidental or ancillary to those
aims and objectives.

ON BEHALF OF THE BOARD

Date…21/07/2025

Perth Islamic Society

Statement of Financial Actvities Financial Statements for the year ended 31st March 2025

Notes INCOMING RESOURCES Donation Other Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Education/Cultural Welfare Governance Costs TOTAL RESOURCES EXPENDED NET INCOME RESOURCES RECONCILIATION OF FUNDS Total Funds Brought Forward Total Funds Carried Forward	£ 2025 60,208 28,129 88,337 22,712 1,075 23,787 64,551 179,341 243,892	£ 2024 113,435
		113,435
		25,150 1,000
		26,150 87,285 92,056
		179,341

Perth Islamic Society

Balance sheet
As at 31st March 2024

Notes FIXED ASSETS Tangible Assets CURRENT ASSETS Cash at Bank and In Hand NET CURRENT ASSETS CURRENT LIABILITIES TOTAL ASSETS LESS LIABILITIES NET ASSETS FUNDS Unrestricted Funds TOTAL FUNDS	£ 2025 534,652 9,786 9,786 50,000 494,438 494,438 494,438 494,438	£ 2024 474,652 45,236
		45,236
		90,000 429,888
		429,888
		429,888
		429,888

Perth Islamic Society

Notes to the

Financial Statements for the year ended 31st March 2025

1 STATUTORY INFORMATION

Perth Islamic Society is an unincorporated charity registered in Scotland.
Thecharity's registered number and registered office address can be found in the report of the trustees.

The presentation currency of the financial statements is the Pound Sterling (£).

2 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2015)', Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the
historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will 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 to the category. Where costs cannot be directly attributed
to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value
of each asset over its estimated useful life.

Freehold property- not provided

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have
affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower,
the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised
immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate
of its recoverable amount, but not in excess of the amount that would have been determined had no impairment
loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in
the income statement.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Perth Islamic Society

Notes to the

Financial Statements for the year ended 31st March 2025

(Continued)

Financial instruments

Basic financial instruments are recognised as follows:

(i) Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially
at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest
method less any impairment.

(ii) Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities
on the statement of financial position.

(iii) Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using
the effective interest method.

Provision for liabilities

The society recognises a provision for annual leave accrued by employees as a result of services rendered in the
current period, and which employees are entitled to carry forward and use within the next 12 months.
The provision is measured at the salary cost payable for the period of absence.

2 Investment Income Other Income 3 STAFF COSTS Wages and Salaries 4 TANGIBLE FIXED ASSETS Cost Balance as at 1st April 2024 Additions Balance as at 31st March 2025 Net Book Value Balance as at 31st March 2025 Balance as at 1st April 2024	Freehold 474,652 60,000	£ 2025 - £ 2025 12,883	£ 2024 16,676
			£ 2024 18,741
			TOTAL 474,652 60,000
	534,652		534,652
	534,652		534,652
	474,652		474,652

Perth Islamic Society

Notes to the

Financial Statements for the year ended 31st March 2025

(Continued)

5 MOVEMENT OF FUNDS Unrestricted Funds General TOTAL FUNDS	64,551 - 2024 MVT 2025 179,341 64,551 243,892
	179,341 64,551 243,892

Net Movement in funds, included in the above as follows Unrestricted Funds General TOTAL FUNDS	Income Resources Mvt in Resources Expensed Funds 88,337 23,787 64,551
	88,337 23,787 64,551

Perth Islamic Society

Notes to the Financial Accounts (Cont)
Financial Statements for the year ended 31st March 2025

INCOMING RESOURCES Donation Other Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Wages Heat & Light Telephone Other Legal & Professional Fees Rent, Rates & Serv Charge Repair & Renewals Bank Charges Governance Costs Accountancy TOTAL RESOURCES EXPENDED NET INCOME/(DEFICIT) RESOURCES	£ 2025 60,208 28,129 88,337 12,883 2,632 411 989 - 5,040 4 22,712 1,075 1,075 23,787 64,551	£ 2024 96,759 16,676
		113,435
		18,741 2,604 333 - 61 2,924 488
		25,150 1,000
		1,000
		26,150
		87,285

APPENDIX 3 oscr Office of the Scottish Charity Regulator Independent examiner's report on the accounts ¥2 Report to the trustee¥lmember3 of Perth Islamic Society Rggi8tered charity number SC026814 On the account5 of tho charity for the perlod r- Doy Period start date Monlh 01 Period end date 08y...__. April 2024 to 03 202S set out on pages jr•m•mbw ID lrtludty Iliv pa5 nLxnÈe¥s cl adthllonal 8h88lsl One lo slx Re5peGtive The charity's trustees are responsible for the preparation of the accounts in accordance responslbllltles of wth the terms of Ihe Charllies and Trustee Investment (Scotland) 2005 Act and the tru8te88 and examingr Charities Accounts (Scotlandl Regulations 20Q6. The charty trustees consider that the audit requirement of Regulation 10{11 (d) of the AcGounls Regulations dces not apply. It is My responsibility to examine the accounts as required under section 44(1) {c) of the Act and to state whether partl¢ular matters have come to my attentlon. Basls of Independent My examination is carried out in accordance with Regulation 11 of the Charities oxamlner's statemont Accoun15 ISGotland) Regulations 2006. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented wlth those records,11 also includes consideration of any unusual items or disclosures in the a¢¢ounts and Seeks explanations from the trustees GonGerning any SUGh matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not expres8 an audit opinion on the accounts. Independent examlnerfs In the course of rny examlnatlon, no matter has come lo my attentlon lolher than that statement di$clo8ed on the attached page'] which glves me reasonable Cause to belleve that In any materlal respect the requirements.. to keep accounting records in accordance with section 44{1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 20C￿ Accounts Regu18tions have not been met, or 2. to which, in my opinion. attenlion should be drawn in order to enable a proper Sign8d: Name: Relevant professional qualification{s) or body (If any): Address:

"Please delete the words in the brackets if they do not apply. If the words do apply. set oui those matters which have come to your attention on thg following page.

APPENDIX 3 Disclosure section Only complete if the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose