REGISTERED CHARITY NUMBER: SC028261 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 FOR MADRASA TAI.EEM UI. ISI.AM (Institule of Islamic Siudies) Chas Leigh Bro & Son Chartered Cenified Accountants 64 Main Sireel, Cambuslang GlasL7OW G72 7EP
MADRASA TALEEM UL ISLAM (Institute of Islamic Studies) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
MADIL4SA TALF.EM UL ISLAM (Institule of Islamic Studies) Trustees Annual Re ort and Aceoun15 for the 'ear ended 31 ' December 2024 Scottish c.hari number SC028261 Trustees List of Management/office bearers during the year to 31 December 2024: R¢¢ruilm¢nl and #ppuintm¢nl vf mana¥¢m¢nl iommitt¢¢ Ail of the organisation's management committee members were selected by the Board ot Trustees according to the constitution. Governing Document The chariry is controlled b), its golerning documenT, a consiiiuiion, and constitutes an unincorporated charity. Risk mydnagement The tn]stees have a duty to idenlifv and ieview the ii5ks to Th'hich the charity is exposed and to ensure appropriate controls are in place lo proi.'ide reasonable assurance agTainst fraud and error. Charitable Purposes The charitable purposes of MADRASA TALEEM UL ISLAM, as recorded in the conslitution. are to proLiiole the ctiuse and interest uf Isl<un widely to <111 Lomniuiiities, in ¥eneriil, and locally. iii particulat: to pro.ide p12ce(s) of 'orshIp for Muslims, Islamic educational courses, leclures, seminars and other such fonns of ieachings and promotions as are dcemcd necessary. for understanding the broad bed teachinL?s and i alues of Islam; and to propide and promote consultstions and gFuidance to encourage unity among Muslims, and ethical, moral and tolerant gocial and economical values. Activities and Achievements Madtasa TaLeem Ul Islam is essentially a mosque based charity. In the vear Madrdsa Taleem Ul Islam catered for '¢ornpulsory' five time prayers every day and held 2 Friday Prayer Session on each Frida). for Muslims. Organisvd and held nightly prayer sessions during th¢ month of Ramadan. Eid prayers were also arranged twice in ihe year for two main Muslim Festivals Eid ul Fitr and Eid ul Adha. During rnosl of ihe gatherings various imams and visiting speakers delivered sennons and provided guidelines and teachings, based on Quranic and Ahadees (Prophet Muhammad's sayings} know'ledge. on numerous topics in OTd¢r to hclp mak¢ attcndccs b¢llcr Muslims and citizens in ail sphcrc of life. Page I
MAD114SA TALEEM UL ISLAM (Institute of Islamic Sludies) "Irusl¢es Annual Report and .4ccounts for the l'ear ended 3151 December 2024- eontinued Madrasa Tal¢¢m Ul Islam ran Quranic classes for Lhildien whv wcre not only tsubht how to read Quran in Arabic bui also undersianding what the teachings meant. An extension of one of four buildingis owned b), the charity (161 Nithsdale Road) h&s en carried in this and prei'ious year. %nrne 5]di181 ivnrk was completed in the year. This extension is al two levels cOlsting of additional prayer are4 librarv and rcscar¢h facility. Somc UPb>radaiion of existing buildings were also carried out. Trnstee Rernuneration and Expenses All Trust¢¢slmanagernent committcc mcmbcrs provided their services on voluntary b&sis. They did not r¢c¢ivc aiiv r¢tnun¢ration for their SLfi'iLes <lS Trustees andlor office bearers. There M'ere no expenses paid to andlor personal expenses (travel, telephone elc) reimbursed ihal ma), haie incurred in canying out their duties as trustees1oIce bearer. Re8¢rveJ Whilst all tunds held by the charity are unrestricted in the tern]s of the legislation. the trustees have designated some res¢rves to assist Mith financial management and budgeiing of ihe various acliviti¢s including ongoing and planned nnatIon and up gradation of the properties. The trustees are of the opinion that the resern'es are sufficieni to enable the Charity to maintoin its activiti at a norn]al leNcl for the ensuing financial year. For and on behalt ot MADRASA TALEEM UL ISLAM -') &02) Page 2
INDEPENDEYT EK4MII%ER'S REPORT TO THE TRUSTEES OF
MADKA5A"I"ALEEM UL ISLAM
I rcport on the a¢¢ounts of th¢ charity for the vear ended 31 December 2024 set oul on pages four to
eighi.
Respective responsibilities of trustees and examiner
The charity's tnistees are respnnsihle for the preparation of Ihe accounts in accordance with the terms
of the Charities and Trustees InNestrnent (Scotland) IKct 2005 and thc Charities Accounts (Scotland)
Regulations 21X)6. The charity's trustees Lonsider ihdl lh¢ iiudil r¢4uireiiienl of RLgulaliutt l O( l )(a) tv
(c) of ihe Accounts Regulations does noi apply. It is m! responsibility lo examine the accounts as
required under Seclion 44 (1)(c) of the Act a1 to stale whether particular maners have come to my
attention.
Bosis of the independent examitt¢r's report
My ¢x(Iniinalion is carricd out in
MADRASA TALEEM UL ISLAM (Institute of Islamic Studies) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECE.MBER 2024 31.12.24 Total Funds 31.12.23 Tolal Funds Unrestricted Funds Roslricted Funds Notes INCOMING RESOURCES Incoming resources from getterated funds Voluntsry in¢om8 78.292 78,292 86,490 Investment in¢ome 26.396 26,396 20,673 Other incoming rosourcos Incomlng resoucm from charltabl• •cllvltl•s Fee irKomè 33,837 33.837 36.215 Tolal Incomln9 f••oufCeS 138,525 138,525 143,378 RESOURCES EXPENDED Costs of generating funds Costs of ggneraling volurrtary income and charitable activities 99.010 99,010 107,487 Govemance Costs 1.200 1,200 1,095 Total Rosourn EXnded 100,210 100,210 108.582 NET INCOMINGIIOUTGOINGI RESOURCES 38,315 38.315 34.796 RECONCIUATION OF FUNDS Funds brought f¢)rward 2,214.518 2.214,518 2,179,722 TOATL FUNDS CARRIED FORWARO 2,252,833 2,252,833 2.214,518 Page 4
MADRASA TALEEM UL ISLAM (Institute of Islamic Studies) BALAYCF, SHF.F.T AT 31 D¢c¢mber2024 31.12.24 Totsl FurNJs 31.12.23 Tol Funds Unreslncted Funds Reslncted Funds FIXED ASSETS Tangible assets Notes 2.187.913 2.187,913 2,176,177 CURRENT ASEETS Debtors and prwayments Cash at bank and in hand 69.656 69.656 69.656 69.656 39,789 39,789 CREDITORS Amounts falling due wthin one year 4,736 4.736 1,448 NET CURRENT ASSETS 64,920 64,920 38,341 TOTAL ASSETS LESS UABIUTIES 2,252,e32 2,252,033 2,214,518 CREDITORS Amounts faiing du8 after mue than one year ASSETS 2.252,833 2.252.833 2.214,518 FUNDS 10 Unrestn'caed funds Resthcted lunds 2.252,833 2,214,518 TOTAL FUNDS 2.252,833 2214,518 Th• financial ststemènls were apprc*vèd by the Bo8rd of Trntste66 on 29 AugU6t 2025. and r0 $ign•d on its bohalf by: Page 5
MADRASA TALEEM UL ISLAM (Institute of Islamic Studies) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES Accounting coni'ention The financial statements have been prepared under the hislorical cost convenlion and in accordance with the Financial Reporting, Siandards for Smaller Entities (effeclive January 2009). the Charities and Trusl¢es Investment (Scoiland) Act 2005 and the requirements of the Statement of Recommended Praclice, Accounting and Reporting by Chariti¢s. IneomiDg resources All incoming resources are included on the Sth*menl of Financial Aclivities when the charity is legally entitled to the income and the amouni can be quantified with reasonable accuracy. Resource5 expended EXpndItUre is accounted for on an accruals basis and has been classified under headings that aggregate all costs relaied to the category.. Where costs cannoi be direcil}' attributed to particular headings the). have been allocated io aciivities on a basi5 con5iStcnl with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund aeeounting Unrestricted funds can be used in accordance with the charitsble 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 slfIed by th¢ donor or when funds are raised for particular stricted purposes. Further explanation of the nature and purpose of each fid is included in the notes lo the financial ststements. 2. Voluntary Ineome 31.12.24 31.12.23 Collections/Donations 3. ILYVESTMENT INCOME 31.12.24 31.12.23 Rentsl income from a UK property 396_ Page 6
MADRASA TALEEM UL ISLAM (Ingtitute of Islamic Studies) NOTES TO THE FINANCIAL STATF.MEh'TS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 4. COSTS OF GENERATING VOLUNTARY INCOME AND CHARITABLE ACTIVITIES 31.12.24 31.12.23 Employees costs Premises costs including ulilities and insurance Repairs and maintenance Ramadhan festivities. foods and class supplies Charitable activities and donations Administration, legal and sundry expenses Depreciation 67.435 17.933 5.296 3.400 67.133 25,633 6,173 4,725 70 804 1.822 5. GOVERNANCE COSTS 31.12.24 31.12.23 Accountsncy and leg fees 6. TRUSTEES. REMUNERATIO]Y AND BENEFITS Trustees, Remuncration There were no trustees and/or management committee members received any remuneration and benefits for ihe year ended 31 December 2024 and nor for ihe >'ear ended 20?0. Trustees, Expenses There were no trustees, expenses paid for the year ended 31 December 2024 and nor for the year ended 2022. 7. FIXED ASSETS ui Pro Total COSTINBV At 1 January 2024 Addits'ons.. 62,023 3,822 2.164,380 11,038 2.226,403 14,860 Disposals Al 31 December 2024 65,845 2,175,418 2 241.263 DEPRECIATION Al 1 January 2024 Charge for year Eliminated on diswsal 50,226 3.124 50.227 3.124 At 31 De¢emter 2024 53 350 53.350 NET BOOK VALUE At 31 December 2024 12,495 2,175.418 2,187,9t3 Al 1 January 2024 11,797 2,164,380 2,176,177 Page 7
MADRASA TALEEM UL ISLAM (Institule of Islamic Studies) NOTES TO THE FINANCIAL STATEMENTS- COIYTIIYUED FOR THE YEAR ENDED.11 DECF.MBER 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Sundry debtors and prepaid char8es CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 PAYE and NIC, wages Other creditors Loans 388 4.348 271 1,177 10. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.22 Unrestrieled fund$ General und designated funds 2214 518 2 252 833 TOTAL FUNDS Net movement in funds, included in the above are as follows: Incomin Resources Resources ¢xpended Movement in funds Unrestrieted funds General and designated funds 138 525 100210 TOTAL FUNDS Page 8