Trustees. Annual Report for the period Peii(xl slart date Period end ijale From Section A Reference and administration details Charity name: Islamic Education Trust Cumbernauld Other names charity is known by IETC Registered Charity number lif any) SCO 32693 Charity's principal address 5 Craiglalibefl Vlay CRAIGMARLOCH Cumbp.rnau1d Postcode G68 OLS Names of the charity truslees who manage the charity Dates acted il not for whole ear Orfi¢e lif anyl Name of person lor bodyl entitled tca oint trustèe if an Chairman Treasurer 10 12 13 14 15 16 18 19 Names of the trustees for the charity, if any. (for example, any custodian trustees) Name Dates acted if not for whole ear Names and addressgs of advisers {Optional information) Type of adviser Name Address Accountsnts ' Shields Associates 215 Albert Drive. Glasgow G41 2NB 40 Mitchell Street. Glasgow, G1 3NQ . Solicitors , Pieri Graham Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts Type of governing document How the charity is constiluled Through the Trust Deed Trustee selection melhcds By appointment method with the consensu5 agreement of all the existing trustees with a view of the clear benefits to the community as a whole. Additional governance issues (Optional infomiation) You may choose lo include additional Information. where relevant, about policies and procedures adopted for the Induction and training of trustees". the charity's organisational structure and any wider network with which the charity works, relationship with any related parties. trustees consideration of major risks and the system and procedures lo manage them Section C Ob ectives and activities To organise and deliver the Islamic Education lo the young Muslim children In and around Cumbernauld area as well as to sel up provide. Summary of the objects of the eslablish and maintain the Centre for worshipping and other community charity set out in its activities for the Muslims (children. men and women. both old and young) governing document In the said District of Cumbernauld in the Greater Glasgow area. The Trust throbgh the help and assistance provided by the local people has been able to complete the construction work for the Mosque and the Community Centre lo provide the essential educational and social needs of the local Muslim Community In the Cumbernauld area Summary of the main activities undertaken for the public benefit in relation to these objects linclude within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) The Centce Is now fully completed and the community is now fully enjoying the benefits of the facilities provided by this Institute for the enhancement and enrichment of the lives of 811 the Muslim members of the Society living In Ihe Cumbemauld area of Glasgow Additional details of objectives and activittes (Optional infomiationl You may choose lo Include ILJrther slalements, where relevant. about policy on granlmaking. policy programme related Investment contribution made by voILJnleers Section D Achievements and performance Summary of the main achievements of the Charity during the year The Droiecl of the construction of the Mosque and the purpose built Communily Centre Is now lully completed and the phase ol most Importance of rur,ning the knenlre successfully and maintaining the building as well as providing the social and educational needs of the community are now the main focus An Imam has been appointed now on lull lime basis lo deliver the necessary education and guide the trustees lo deliver the religious and educational facilities to the Community so very much deserves. Further tasks are being now looked at are the making provision for better and quality teaching lo youth and providing other community services such as elderly care and youth activities with part1cular focus on safely and security Issues of the participants and the congregation as well as the community as a whole Section E Financial review The main funds and dop,aiions are beirg provided bi the local community for its young chilclren and families lo be provided with the opportunity lo seek and avail the educational and social facilities the Centie is now able I to offer. In the post completion period the reserves 3re lo be used lo repair, maintain and rLin the Mosque and the Centre appropriately. for the benefit of all the age and gender groups of the ethnic comrnunily al large Brief statement of the charity's policy on reserves Detsils of any funds materially This position does not normally arise. however If Il does the funds will be in deficit transferred from non reslricled lo restricted and not otherwise Further financial review details (Optional information) You may Choose lo Include additional Information. where relevant about the charity's principal SOLirces of funds Iincluding any fundraisingi". how expenditure ha5 supported the key objectives of the charity. Investment policy and objectives including any ethical investfflent policy adopted Section F Other o tional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity. Signature'41 Full name s, Position leg Secretary, Chair, Date 11811012024 Islamic Education Trust Cumbernauld Charity Regd Number SC032693 Accounts 31 Klarch 2024 lglamlc Educatlon Trust Cumbemauld 8u$lness Inlonnatlon Chaimiart ol th• Tru•t Tr•••urgr Accountsnts Shields As￿lat•S UK LLP 215 Alben Pollokshields Glasgow Scoiiarid G412N8 l¥lamlc C•ntr• Addr••8 5 Craighalibert Way Craigniarloch Cumbèrn3uld Glasgow G68 OLS Islamic Education Trust Cumbernauld Approval Etatement l approve the accounts which comprise ol the Profil and Loss Account. the B818n¢e Sheet and the related notes l acknowlèdgè my responsibility lor the acctsunts. in¢luding the appropriateness of the applicable financial raporting framewoik set out In note 1, and for providing Shields Associates UK LLP with all Information and explanations iiecessary for •heir compilatson. 3 De￿rnber 2024 Islamic Education Trust Cumbernauld Accountants. roport on the unaudited accounts to Islamic Education Trust Cumbernauld You havé apwovèd the aeix>unts for thè yèar ep.ded 31 M3rch 2024 whi(*. fY)mprise the PToft: and Loss Account. the aal3ncÉ s￿éè. and tre re131ed note5 in accordance With youi inskruclions. we have compiled ihese unaudiiÈd accounts from the acCotsn￿n9 records and infOrMat￿n and explanations supplied to us. Chartered Certified Accountanl 215 Mbert Drive PdlokshElds Glasgow Scotland G41 2N8 3 Deeembtt 2024 Islamic Education Trust Curnbernauld Profit and Loss Account for the year ended 31 March 2024 2024 2023 Sales 106.889 96,908 Cost of sales Construction Ind￿strY- payments to subcontractors Gross profit 106.889 96.908 Other bu5ingss income 58 092 47.348 Exp•ns•s Wagès. salaries and other staff Costs Car, van and travel expenses Rent, rales. power antj Insurance costs Repairs ard rer,ewalS of property and trquipment Telephone, fax. staiionery and otber office cost Advertising and business entertainment costs Interest on bank and other loans Bank. credit card and other finance charges Irrecoveratile debts wntten off Accountancy. legal and other piolessional fees Depreciation and lo$￿(prOfIt) on sale Other business expenses 29 000 25.565 23.135 1967 33.352 15.302 443 960 935 21 464 10.995 1.945 15.667 4.662 616 120.818 83.959 Profrt 44.163 60.?.97 l$laml¢ Edueatlon Trust Cumbernauld Balance Sheet as at 31 March 2024 Not•$ 2024 2023 Fixed ass&ts Equipment. machinery and motor vehicles Other Iixtrd asset$ 54 976 1,497.559 1,552.535 23,310 1.497,559 1.520,869 Curr•nt assets Stock and work In progress Trade dtsbiors 8anklfJuilding society balan¢e5 Cash In hand Other current assets and prepayments 195986 213 173.471 96 10,135 183.702 196.199 Current liabilities Yrade creditors Leans and overdrawn bank accounts Oiher liabilitie$ and accruals 105.732 700 106.432 105,732 700 106.432 Net ¢urr•nl ¥8$ot• 89.767 77.270 Loan$ duo after more than ona yèar N•1 *••et• 1.642,302 1.598.139 Capital account Balance at start ol period Net prtsf11 Capit31 Introduced Drawing$ 1.598 139 44 163 1.537 842 60.297 1.642 302 1.598,139 Islamic Edu-atlo) Tryijt Cumbernauld Notes to the Ac-thunts for the yèar ènded 31 March 2024 1 Accounting basls The acco'.nis fia￿e been compiled on a Dasis Inai enab￿3 profits tg be calculaied In accofd•nce Wilh UK Generaiiy Accepted AccoufjliDg Pr3clI￿ and Ihal provide$ SUffic￿nI and ole¥aThi .n.lorrnation lo enable the Completio￿7 ol a tax return 2 Profit and lo5S actount analysis 2024 2023 sales F￿ndS Raised I￿.889 1C6889 96 908 96.908 Cost of sales P￿rChase$ Oecrease In 51ock5 Oirett labour Discounts aiio%ved Commissions payable Other direct costs Construction indu¥try- paytnents to subcontractors Sdbcontr3￿QI costs Other business inctsme Other Income Inleie$i and or Giftaid Received Other Income Variou5 Cash Dor8'.ions Funeral ana Burial Fees Received 2.573 53 177 2.342 58 092 10.13S 36418 795 Wages. Solari95 and othof 8tsft costs Wages and 5alane5 Pensions Bonuses Employer's Nl Temps aTrd rècruitment Slafl ITaining an¢ welfaie 29.000 25 565 29.000 25 565 Car. van and travel 8x￿n8•S MoioT expenses Tfavel and subsistence Rent, rates. poY¥er and In8urance c08ts Rent Rate$ 19412 3.249 12036 Property Insurancé Setvice chaioes C*3Tring Use of home 474 200 23 135 15.302 Islami¢ Education Trust Cumbernauld Notes to the Accounts lor the yèar ended 31 March 2024 Repairs and reTrgwals cf property an4Y equiprnfrnt Repairs and maintenance 1.967 1 967 443 443 Telephone. fax. stationery and other office costs Telephoiie and fax Postage 8ooks, Stationery and printing Courief services Distribution lo other Charit Fundraising Cosis Hiie of equiprnent Sofiware Othei I l T costs 674 ys 320 28.277 19 125 578 2401 31 352 20.569 Advertising and buslne68 entortsinmont costs Advertising ano PR Entertaifiing Interest on barsk and other loans Bank. credit card and other Ilnance charges 8ar.k chaiges Hire purcnase and *ase Interest 960 935 960 935 liretov•rablt d¢bts writton off Bad debts Accountancy. legal and oth8r prole8¥ional foeg Accouni3pis fees Solicitors le8$ her Consultancy Fees Contingency Fee$ Funeral C051$ 8ufial Costs Prole&sional Indemnity Insurafjce 750 700 18.572 14.967 2142 21.464 15667 D&pfeciation and 10isllprofiti on s) OÈpreci8iion Amortisation of goodwill ProfiVlOSS on $ale of fixed assets 10.995 4662 10995 4662 Other business expenses Subscriptions Sunary expenses Seeunty Cosi 400 1545 1.945 816 816 Islam1¢ Education Trust Cumb•rnAuld Notes to the Accounts for thè yèar ended 31 March 2024 3 Plant. machinery and motor vehicl95 Plant and nia¢hin&ry Motor v¥h4cI*8 Spar• Total Cost At l April 2023 Additions Disposals At 31 March 2024 30.082 42.661 30.082 42.661 72.743 72,743 Depreciation At 1 April 2023 Charge for the year On disposals At 31 March 2024 6,772 10,995 6,772 10.995 17,767 Not book v4lu• Al 31 March 2024 54,976 54.976 23,310 At 31 Mar¢h 2023 23.31(i 4 Othèr flx•d a8ts¥1• 2024 2023 Prem15es Goodwill Inveslmenls 1497.559 1,497 559 1497.559 1,497,559 Dobtorn & Other Curr•ni A8fy8t• 2024 2023 Gift Aid HMRC Claim Prepayments 10.135.00 151amic Education Trust Cumbemavkl SC032693 Annual accounts for the eriod peri￿ end 3l,OJ.dC,24 Section A Statement of financial activities Restncieo Income funils Recommended categories by activity Details of own analy$15 Unresintted funds Éndowment Total thls fund5 year Total last year Incoming resource$ (Note 31 In£oming wour¢e8 from 8¢n¢Tal¢O lurtds Fof F02 F03 F04 F05 Vol￿N￿ry Ipcome 118576 46 177 72.399 t18.576 63,234 Fupas 344 S￿2 24 537 9.953 34.4 44.037 Incomin9 rns¢ur¢•s Irom so¢ h•1 Incomlny mources 11915 $05 11.915 11,915 36,985 Total incoming resources S Resources expendtd INotes 441 70.114 94.267 164,981 144.256 Costs of ￿￿￿411n9 C05t5ol 9EDPTaM9 S07 FUnd[*￿￿9t￿•th￿p ¢o*s so Investm•ni Man&9*￿￿t￿*S S09 th•rit•b￿ •¢ti¥i¢i•B 2827-, sio 28.277 28.277 92.541 36.190 Go¥ern•n¢o ¢0¥ts 92541 50.403 42.138 47,769 Otb•v rI￿ur¢em txp•nded S12 Total resourcÈs expended Net incomlntyloutgoyngl resources before translers s'.4 50 403 70.415 120818 83,959 20.311 23,852 44,163 60.297 Gross Irangfers bets¥een funds S15 Net incomin￿10￿1￿￿￿gJ rgsourc•s l)eft¥re Oll¥errecognised gaJnsK(losses) S," Other rtcognised 9ainslllossesl Ga1ns and losses on re¥aiuatK)n of fixed assets for ine ehafity s OV4n use Gains and losses on Investmeni 8sseis 20.311 23.852 44.163 60.297 si Net movement in lunds s1 Total fyndg brought forward Total funds c3Thied forward s?1 20.311 23 852 44 163 60,297 1 537,842 1 598.139 159,108 1.483 194 1.$42 302 1.598,139 CC17a (EX￿1) 2811012024 Section B Balance sheet Unrestricted Incomè Endowment To¢al this lunds year Tolol last year Fixed assets Tangible assets F91 F02 1 552.535 F03 F04 1.552.535 F05 1.520.869 (Note 91 BCI B02 Investrnents INote 101 Total fixed assets 1 520.869 Current assets Stock and work In progress Debtors INote111 Ishort term) inves¢ments Cash at bank and in hand Toral ¢urreni assets 8?T 183 702 183 702 Creditors.. amounts fallbng due within one year (Note 121 700 700 700 Nel current aSSet￿lI1a￿1lI1les) 45 477 550 183002 Total assets less Current liabilities 48 035 1.703 871 Creditors- amounts lalling due after one year (Note 121 813 105 732 105.732 105 732 Provisions for liabilities and charge5 Bt4 Nei assers 1.598. 139 Funds of the Charity Unrestricted funds B16 91.983 91.983 138797 Restricted income tunds (Not• 131 Endowment funds (Note 131 Bl8 1.550 320 1 550 320 1 459.342 BIS Toral funds 98.139 Signeo Dy one or iruslees on behalf of ¢ i*e trustees Date ot oval 1811012024 CC17a IE￿￿1} 2411012024 Section C Notes to the accounts Note I Basis of preparation Thi5 section should be completed by all charities 1.1 Basis of accounting Ihese accounis have been prepared oft lie basis -1 hiStOliC COSI lexrepi tha: In¥esirnep.rs are snoh¥n ai markei value,. In accOrdan￿e ivil Accounting 8-, a R￿￿-rtir.g by cnariL.es- sia1erp.eni of Recommended Praaice ISORP 2005 and with" Accounting Sl3ndards Finanoal Reporting Standard5 lor Smallef Enlerpnses IFRSSEI and with the CYa,'It es A-t 10a3 or Give detsils in this box rfa cliilerÈnt stsndard has been rfollowed. -Tick as apprOPTlalè Il all rp,'evani disclosures sho%Yn In the f>een gwen Ihen p￿tt5* lick 'Accobnlifjg siandarrjs i. aisdosuies COTnpleied In ihese accounts have L*en ies111Cted 10 those required by the FRSSE Ihen p￿85@ lick 'Financial Repcrting SLIDdar(J5 fof Smaller Enlerpnses IFRSSEI - If no dep3rture$ from the cbosen siandartts have been made Ihen delete these wolds otherwise give detsils of any changes In l.le bcxes 1.2 Change in basis of accounting TIFÈie nas been no chapge to Ine accounting Poilcies Iv31uaiion rules and melttods of accoullirgi since last year Giwe details In this box olany material changes that have been made. S Il no change5 hawe been made 10 accounli.-.g w)liC1e5 Ihen de￿Ie Ihe5e *ord5 1.3 Changes to previous accounts No chafjge5 have been rnaoe Ic acc¢Lints for prev'.ous years Give detasls in this box ol any material Changes thar have been made. 59 Il Dhange5 have been made io accounLs br prev￿￿$ ￿1￿)￿$ Ihpn delÈie these CC17a IEAceli 2411012024 Section C Not•8 to the accounts Iconti Note 2 Accountrng polic This siandard Ii$i of &cc¢Juntlll9 policie5 h*$ been &pplie￿IlY (he ¢h•nty •xeepi ior tho$e deleieLI l*bere 8 dilyertnt or8¢lditionalpolicy has been adopted then this Is detaileLI iry the box belo¥*. INCOMING RESOURCES RecO￿n￿on ol IncominA rosourcgs Ttr¢5e are Incltsded Ill tr￿ siaietnenl ol Finantsai Adivil*S ISOFAI Ir* chè[ifv becomes eniilÈd lo Ine iesowces the trusiee5 are virluallv cenain ￿11 re¢eive Ihe re￿l￿CeS ana p'.ary -a- 'IrEie Ifl¢Otlikilg IP.souices tth4e iè'atea exgeiTrOiluYe ias IL"CTalSiliq OT thfl'.r3ci Income) the Incorniflg fesouTces agd ieiaiert eFpefid1lUr￿ adL ieponeo gTuss ill Ihe SOFA Graiils aryj oonaiTrons are oity InJL¥Jea irt the SOFA when Ine tharty has unconailionai er.li'.lemerrl 10 the resources Incoming rosources elated exppnditv Grants ¢JOn•tiorrJ Tax reclaims on lon•tions and gift5 Coniracluat Income and perlofmance relatod grants IncoryTriry re50uiCeS fyorn iax reclaims a￿ IrKJ￿￿ed In the SOFA at Ihe sarne Iirne as the 9rft 10 wnJCtI l*ey felale 15'.S Dnty hndude¢J ID the soFA once rel3ied go￿15 or ser¥￿e5 have been oeilvered Gilts in kind )1tys in kifQ ale accodnled IN al 3 reasonalTrie e51WITale cf IttPJ￿ value to Ihe or the amoi..ni actuaity teaiL%ee Gifts'.11 kifAJ lor sa* or a1XltIWrt ale In Ir* as gins onty %vr*n sdo or ¢isir-tr.Lied by ttre c-p.r.ty Ihe clKanty are Induded In ts SOFA as Incomin9 rwurces Y*hen rE(eivable Donatod SOThfiCO5 and facilit Tlw ale on'.y I re5wrces (￿th an eowva*ni arnourn In reS0￿r￿S expe1-.￿tal wheFe l'ie )enef..l *c Itie c>.arLly k5 ieasDnabl¥ Uuantif'.E3b* measui3b1i aid rnalen31 The ￿¥.￿ pla￿ on Ihese res0￿rte$ Is u￿ e￿imale0 knalue to It* Ciiarily ol Ine seT¥ice or facility recei¥e Tr￿ %a'ue of any vdun13ry Wp recei¥ed rs ￿)1 Incknjed In ine aCCOullts but 15 descnbed Ill Ine Irusipes artnu&i iero". VOlun￿r holp In¥￿￿￿onI tncom Tais Is lThy￿e￿ In ac£(Kmis iectyvaok InV￿lmOrrt galns anil l(vJ5es Tliis 1nf.ILides any gain or h)55 on t￿e ol Inve51llhen15 aTrin any gain or k)ss resulling from revalui[￿ In¥e&lrnerns to rnathet vakje 31 end of Ihe yeai EXPENDITURE AND LIABILITIES Liability racoynilio LJatsiil*s ale iecTr3tused as soon as Ihere Is a wi N conslruciive obiigavan comfflilling Ihe tha'ily If* pay resTriJices Inclith costs ol prepar3113n arml examifwlion ot staiimory accounis Ihe casts ol irusiee meelpi',gs and (List tsl any ￿dE atyvpie li) Iiusiees ts11 9overnarKt or coilslii{Ilionai mètiers w￿le Ihe chanly gives a 9iani wlh c(￿lI10￿s fr)r 115 paymenl b&ng a specilic ￿e1 o,. seTvi 01 Vljlpui io W0¥￿ed g¥an15 ale orty iecogntsed In &)FA On￿ the le￿penI ol Ihe gianl has PioVi(ie(I It￿ specifed service or ouipuI Go¥ornan¢e ¢osts Grants with p8rformavc• conditions Grant5 payable wllhout pertormance condllloths Support Cos TnesL' 8fE Onty ieeoynised iti Ir* accouD15 syhen a cotnfftrffnenl has been made atKJ IheFe are no coidilions to be me.. r