WAPPING NOORANI MASJID & CULTURAL CENTRE CHARITY REGISTRATION NO. 1050036
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WAHID AHMED & CO (Chartered Management Accountants) Hail 3, The Whitechapel Centre, 85 Myrdle Street, London E1 1HL
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WAPPING NOORANI MASJID & CULTURAL CENTRE LEGAL INFORMATION
Name of Charity: Wapping Noorani Masjid & Cultural Centre Correspondence Address: 19. Prusom Street Wapping London E1W 3RR Tel: 020 7702 1708
E-mail: nooranimasjid@hotmail.co.uk
Registered Charity No. 1050036
Constitution Agreed On: 25" June 1995
Names of Management Committee Office Bearers Management Committee Members Sheikh Md Abdur Rashid Chairperson Haji Abdul Bari Nowruz Ahmed Chowdhury Vice ~ Chairperson Alimuz Zaman Muhammed Abdai Ullah General Secretary Aktar Hussain Sayed Miah : Asst General Secretary Rajan Singh Md Ayub Ali Treasurer Rafique Uddin Ale Rasul Asst Treasurer Nuruj Ali Misba Uddin Ahmed Zuned Khan ; Abu Taher Md Tazul Islam : Mohammed Jamal Hussain Contact Person for the Accounts: Sheikh Md Abdur Rashid, Chairperson
independent Examiner:
Wahid Ahmed & Co
Chartered Management Accountants Hall 3, The Whitechapel Centre 85 Myrdle Street London E1 1HL
Banker: HSBC Bank pic 75 Whitechapel Road London E1 1DU
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WAPPING NOORANI MASJID & CULTURAL CENTRE REPORTOF THE TRUSTEES
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The Trustees (also referred to as the Management Committee submit their report and financial statements for the year ended 31° March 2024. Wapping Noorani Masjid and Cultural Centre was established in 1995 was incorporated as a charity and its name was entered in the Charity Commission’s Central Register on the 20" October 2005. The Charity’s Management Committee is elected by the Centre’s membership every two years at the Annual General Meeting.
The Organisation’s Objectives (as in the Organisation’s Governing Document):
- To advance the Islamic Religion by the provision of a Mosque. 2. To advance education in the religious teachings and culture of the Islamic Religion.
Structure, Governance and Management
The charity is constituted by a Constitution. It is governed by the regulation set out in the Constitution and run by a voluntary Management Committee. The charity's new committee members are elected at the Annual General Meeting every two years.
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The Management Committee members are normally briefed by the Chairperson and the General
Secretary in order to familiarise themselves with the rules, regulations and responsibilities of the charity. The Management Committee met regularly (every 8-9 weeks) during the year to review the activities of the charity including the approval of the annual report and accounts as well as budgets, capital expenditure and to set out the fund-raising date for the charity. The day-to-day work of the charity is overseen by the Chairperson who is responsible to and reports to the Management Committee. The Management Committee are aware of the potential risks to the charity, both financial and otherwise. Therefore, strategies are in place to control these risks. Assessments have also been taking relating to fire and heaith and safety. The Management Committee are seriously looking into other risk areas such as operational, governance and compliance with law and regulations.
Achievements and Performance oftheCharity
The Management Committee are pleased to report an active and successful year. The Centre is actively seeking to protect its financial security in order to continue to safeguard the ongoing development of the Centre and its projects and services that it offers to the local communities in the London Borough of Tower Hamlets. Over the last 12 months we organised and delivered the following activities: = We have been running faith based educational programmes including discussion sessions, information events, cultural events that aids a better understanding of the Islamic faith, support the integration of people of all faiths in the wider community.
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We have held talks, discussion sessions and open day events inviting people from all sections of the local community in Tower Hamiets.
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We have provided daily prayer facilities. Eid-ul-Fitr, Eid-ul-Adha and Tarawih prayers during the Holy Month of Ramadhan for the people of the Muslim faith.
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Financial Review The financial position of the Charity is portrayed in the accompanying Annual Accounts.
Statement of Trustees’ Responsibilities
The Management Committee are responsible for preparing an annual report and in accordance with the Financial Standard applicable in the United Kingdom (FRS 102) issued on the 16" July 2016 and updated on the 16" September 2016 and with the Charities Act 2011.
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Law applicable to charities in England & Wales requires the Trustees to prepare financial statement for each financial year, which gives a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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(a) Select suitable accounting policies and apply consistently.
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(b) Observe the methods and principles in the Charities SORP.
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(c) Make judgements and estimates that are reasonable and prudent.
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- (d) Disclosed and explained in the financial statements. (e) thePreparecharity thewill financialcontinue statementsin operation. on a going concern basis unless it is inappropriate to presume that
The Management Committee are responsible for keeping accounting records, which discloses with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reporting) regulations and the provisions laid out in the Charity’s governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserve Policy
it is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to at least six months expenditure. The Management Committee consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. Wapping Noorani Masjid & Cultural Centre will actively work to achieve this level of reserves.
Risk Factors
The Management Committee have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
The Management Committee will propose the re-appointment of Wahid Ahmed & Co to carry out is Independent Examination of the accounts in 2024/2025 at its next annual general meeting.
We declare that in our capacity as charity trustee that:
The trustees have approved the above report at the Trustees Meeting held on the 21* of January 2021 and we are authorised to sign it on their behalf.
Sheikh Md Abdur Rashid
Date: 21/12/2024
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Independent Wapping Examiner's Report to the Management Committee of the Noorani Masjid & Cultural Centre for the Year Ended 31 March 2024
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We report to the Management Committee on our examination of the accounts of the above charity (“the Trust”) for the year ended 31% March 2024 set out on pages5 to 8. :
Respective responsibilities of theManagement Committee and Examiner As the charity's Management Committee, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act"). They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed. . We report in respect of our examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out our examination. We have followed all the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
We have completed our examination. We have confirmed that no material matters have come to our attention in connection with the examination (other than that disclosed below *) which gives us cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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- the accounts did not accord with the accounting records; or « the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attentionreached. should be drawnAG in this report in order to enable a proper understanding of the accounts to be Prepared by: SY Wahid Ahmed & Co
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Chartered Management Accountants Hall 3, The Whitechapel Centre, 85 Myrdie Street London E1 1HL
Date:
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Wapping Noorani Masjid & Cultural Centre Income and Expenditure Account For the Year Ended 31st March 2024
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|2024|2023|
|£|£|£|£|
|Incoming|Resources|Restricted|Unrestricted|Total|Total|
|Donations|-|66,209|66,209|62,812|
|Total|Incoming|Resources|-|66,209|66,209|62,812|
|Resources|Expended|
|Premises|Costs|
|Rent|-|22,809|22,809|21,804|
|Rates|-|259|259|1,742|
|Lighting|and|Heating|Costs|-|3,178|3,178|4,858|
|Direct|Charitable|Costs|
|Sessional|Staffing|Costs|-|11,040|11,040|7,590|
|General|Administrative|Expenses|
|Printing,|Postage|&|Stationery|-|60|60|416|
|Telephone|_F|542|542|-|
|Bank|Charges|-|159|159|241|
|Insurance|‘|-|547|547|1,180|-|
|Repairs|and|Maintenance|-|3,479|3,479|4,429|
|Depreciation|-|722|722|802|
|Legal|Fees|-|272|272|-|
|Total|Resources|Expended:|-|43067|43067|43,062|
|Net|Surplus|/|(Deficit)|-|23,142|23,142|19,750|
|Balance|Brought|Forward @|01/04/2023|-|233,693|233,693|213,943|
|Balance|Carried|Forward @|01/04/2024|-|256,835|256,835|233,693|
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Wapping Noorani Masjid & Cultural Centre Balance Sheet
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For the Year Ended 31st March 2024
| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| (£) | (£) | ||||
| Fixed Assets: | |||||
| Tangible Assets | 3 | 122,903 | 123,625 | ||
| Current Assets: | |||||
| Debtors | 4 | 20,286 | 20,249 | ||
| Cash at Bank | 114 | 89,819 | |||
| 133,932 | 110,068 | ||||
| Net Funds: | 256,835 | 233,693 | |||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Movement of Funds: | |||||
| Total Funds Brought Forward | 233,693 | 213,943 | |||
| Net Surplus / (Deficit) | 23,142 | 19,750 | |||
| NetFunds: | 256,835 | 233,693 |
We, the undersigned confirm that we have provided all the accounting records, information & explanations to Wahid Ahmed & Co for the preparation of the accounts and these accounts are in accordance therewith. ;
Signed on Behalf of the Management Committee:
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Sheikh Ma Abdur Rashid Muhammad Abdal Ullah
Chairperson General Secretary
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Md. Ayub Ali Treasurer
Date: 221/12/2024
Wapping Noorani Masjid & Cultural Centre Notes to the Account For the Year Ended 31st March 2024
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1.0 Basis of Preparation
1.1 Basis of Accounting
These accounts have been prepared under historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevance note(s) to these accounts. These accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities and with preparing their accounts in accordance with the Financial Standard applicable in the United Kingdom (FRS 102) issued on the 16th July 2014 and updated on the 16th September 2016 and with the Charities Act 2011. The Charity constitutes a public benefit entity as defined by the Charity Commission.
1.2 Going Concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
2.0 Accounting Policies
2.1 Income:
These are included in the Statement of Financial Activities (SOFA) when: The charity becomes entitled to resources;
It is more likely than not that the Trustees will receive the resources; The monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities or income and expenses, unless required or permitted by the FRS 102 SORP
Donations
Donations are only included in the SOFA when the general incomne recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
In the case of performance related grants, income is only recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant onbly occurs when the performance related conditions are met. (5.16 FRS 102 SORP).
2.2 Expenditures and Liabilities
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
2.3 Tangible Assets
These are capitalised if they can be for more than one year, and the cost at least. They are valued at cost. The depreciation rates and methods used are disclosed below: Fixtures and Equipment: 25% reducing value.
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2.4 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently they are measured at the cash or other consideration expected to be received.
2.5 Creditors
The Charity has creditors which are measured at settlement amounts.
| 3.0TangibleAssets | Land& | Fixtures& | |
|---|---|---|---|
| Buildings | Fittings | Total | |
| £ | £ | £ | |
| Cost: | |||
| At 1stApril 2023 Additions |
116,408 - |
11,085 - |
127,493 |
| At31stMarch2020 | 116,408 | 11,085 | 127,493 |
| Depreciation: | |||
| At 1st April 2022 | - | 3,868 | 3,868 |
| Charge forthe Year | - | 722 | 722 |
| At31stMarch 2023 | - | 4,590 | 4,590 |
| Net Book Value: | |||
| At 31st March 2023 | 116,408 | 7,217 | 123,625 |
| At 31stMarch 2024 | 114,408 | 6,495 | 122,903 |
| 4.0 Debtors | 2024 | 2023 | |
| £ | £ | ||
| Karje Hasana Other Debtors |
20,000 286 |
20,000 249 |
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| 20,286 | 20,249 | ||
| 5.0 Reconciliation ofFunds: | 2024 | 2023 | |
| £ | £ | ||
| Total Funds Brought Forward Net Surplus / (Deficit) TotalFundsCarriedForward |
233,693 23,142 256,835 |
213,943 19,750 233,693 |