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2022-06-30-accounts

REGISTERED COMPANY NUMBER: 04159140 (England and Wales) REGISTERED CHARITY NUMBER: 1088007

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2022

for

Noor-e-Zaineb Trust

A H Accountancy Services Incorporated Financial Accountants 61a Blagden Street Sheffield South Yorkshire S2 5QS

Noor-e-Zaineb Trust

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12

Noor-e-Zaineb Trust

Report of the Trustees for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Charity are mainly in the field of promotion and furtherance of the religion of Islam in accordance with Quran, the Sunna and the teachings of the Sunni Muslims.

Significant activities

During the year the Charity rents out space within the premises of the Charity in return for rent and received rent of £11,376.71

The Charity also operates a mosque delivering daily prayers and this activity is gradually improving the participation of the local community. The Charity has previously paid an Imam who now works on a voluntary basis in leading the prayers and assisting the Trustees to achieve the main aims of the Charity of delivering Islamic education. The Charity collected £21,639 during Friday prayers throughout the year. These donations are voluntary collections made before every Friday prayer.

FUTURE PLANS

The Charity is still in the process of making an application to build a new mosque on the newly acquired land. It is envisaged that this will increase the participation from the local community. The building currently used for mosque activities will then be available for rent.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04159140 (England and Wales)

Registered Charity number

1088007

Registered office

5 Firshill Avenue Sheffield South Yorkshire S4 7AA

Trustees

M Manzoor S J Manzoor

Company Secretary

Independent Examiner

A H Accountancy Services Incorporated Financial Accountants 61a Blagden Street Sheffield South Yorkshire S2 5QS

Page 1

Noor-e-Zaineb Trust

for the Year Ended 31 March 2022

Report of the Trustees

Approved by order of the board of trustees on 22 December 2022 and signed on its behalf by:

M Manzoor - Trustee

Page 2

Independent Examiner's Report to the Trustees of Noor-e-Zaineb Trust

Independent examiner's report to the trustees of Noor-e-Zaineb Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Akhtar Hussain FFA A H Accountancy Services Incorporated Financial Accountants 61a Blagden Street Sheffield South Yorkshire S2 5QS

22 December 2022

Page 3

Noor-e-Zaineb Trust

Statement of Financial Activities for the Year Ended 31 March 2022

31.3.22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
21,639
Investment income
2
11,377
Total
33,016
EXPENDITURE ON
Raising funds
6,387
Charitable activities
Other costs
3,390
Total
9,777
NET INCOME
23,239
RECONCILIATION OF FUNDS
Total funds brought forward
180,785
TOTAL FUNDS CARRIED FORWARD
204,024		 31.3.21
Total
funds
£
20,580
405
20,985
17,524
274
17,798
3,187
177,598
180,785

The notes form part of these financial statements

Page 4

Noor-e-Zaineb Trust

Balance Sheet 31 March 2022

31.3.22
Unrestricted
fund
Notes
£
FIXED ASSETS
Investment property
6
296,833
CURRENT ASSETS
Debtors
7
193,060
Cash at bank
455
193,515
CREDITORS
Amounts falling due within one year
8
(2,492)
NET CURRENT ASSETS
191,023
TOTAL ASSETS LESS CURRENT
LIABILITIES
487,856
CREDITORS
Amounts falling due after more than one year
9
(283,832)
NET ASSETS
204,024
FUNDS
11
Unrestricted funds
204,024
TOTAL FUNDS
204,024		 31.3.21
Total
funds
£
296,833
168,560
1,716
170,276
(2,492)
167,784
464,617
(283,832)
180,785
180,785
180,785

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

continued...

Noor-e-Zaineb Trust

Balance Sheet - continued

31 March 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2022 and were signed on its behalf by:

M Manzoor - Trustee

The notes form part of these financial statements

Page 6

Noor-e-Zaineb Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. 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 each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation 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.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.22 31.3.21
£ £
Rents received 11,377 405

continued...

Page 7

Noor-e-Zaineb Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 20,580
Investment income 405
Total 20,985
EXPENDITURE ON
Raising funds 17,524
Charitable activities
Other costs 274
Total 17,798
NET INCOME 3,187
RECONCILIATION OF FUNDS
Total funds brought forward 177,598
TOTAL FUNDS CARRIED FORWARD 180,785
5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2021 and 31 March 2022 222
DEPRECIATION
At 1 April 2021 and 31 March 2022 222
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

continued...

Page 8

Noor-e-Zaineb Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

6. INVESTMENT PROPERTY

FAIR VALUE
At 1 April 2021
and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
£
Sundry debtors
1,910
N & Z Enterprises Limited
135,000
NY Investments Ltd
56,150
193,060
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
£
Accrued expenses
2,492
9.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22
£
Other loans (see note 10)
283,832
Included in the other loans is balance due to the trustees as below:
Mohammed Manzoor (Trustee) 116,432 (£116,432 - 2021).
The trustees have a complete discretion as to when these loans are to be repaid.
10.
LOANS
An analysis of the maturity of loans is given below:
31.3.22
£
Amounts falling due between two and five years:
Private loans
116,432
Them Sizar (CIMI) Ltd
167,400
283,832		 £
296,833
296,833
296,833
31.3.21
£
1,910
135,000
31,650
168,560
31.3.21
£
2,492
31.3.21
£
283,832
31.3.21
£
116,432
167,400
283,832

continued...

Page 9

Noor-e-Zaineb Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

11. MOVEMENT IN FUNDS

At 1.4.21
£
Unrestricted funds
General fund
180,785
TOTAL FUNDS
180,785
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
33,016
TOTAL FUNDS
33,016
Comparatives for movement in funds
At 1.4.20
£
Unrestricted funds
General fund
177,598
TOTAL FUNDS
177,598
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
20,985
TOTAL FUNDS
20,985		 Net
movement
At
in funds
31.3.22
£
£
23,239
204,024
23,239
204,024
Resources
Movement
expended
in funds
£
£
(9,777)
23,239
(9,777)
23,239
Net
movement
At
in funds
31.3.21
£
£
3,187
180,785
3,187
180,785
Resources
Movement
expended
in funds
£
£
(17,798)
3,187
(17,798)
3,187

continued...

Page 10

Noor-e-Zaineb Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.20
£
177,598
177,598		 Net
movement
in funds
£
26,426
26,426		 At
31.3.22
£
204,024
204,024

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 54,001 (27,575) 26,426
TOTAL FUNDS 54,001 (27,575) 26,426

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 11

Noor-e-Zaineb Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 21,639 20,580
Investment income
Rents received 11,377 405
Total incoming resources 33,016 20,985
EXPENDITURE
Raising donations and legacies
Rates and water 2,050 475
Light and heat 3,882 16,749
Sundries 455 -
Repairs and renewals - 300
6,387 17,524
Charitable activities
Insurance 2,731 -
Telephone 177 108
Postage and stationery - 150
2,908 258
Support costs
Finance
Bank charges 7 16
Governance costs
Legal and professional fees 475 -
Total resources expended 9,777 17,798
Net income 23,239 3,187

This page does not form part of the statutory financial statements

Page 12