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2025-07-31-accounts

L)or Trusr TRI".STEES' RESPOPqSJllJLITIES ST.4TEIIENT5 rru5tees' respon4ibilities 5tatemertl The truslees are responsible for pr¢p&￿ill￿ i1iL Trustee5 Annual Report and Ilie .Inat)iidl sldteJiiLnrs in accordÉlnce %Yiih applicable la￿ and Liiiied KinJn oni..Iccouniing Standards (Llnited Kingdom GeiitrallN Acccpicd ALc()uniin(r IkncEILel. The law appliiabli 10 Lharilies in England &. W'dles Tequires ihe rrusites io prepare fipdn¢i41 %tai¢Tnenis in¢orn¢nb7 r¢50urLes and applicarlon ot"resour¢es ol"The ¢harilV lorihat period. In PT¢Parifts Ih¢sc tinancial staieinenis. the Iru51¢¢5 are Tequircd 10.. %¢ltsi %iiiiable #CLoiiniinit poliiies and Ili¢n appl! Ih¢m Ll)nSi51Lntly- observe th¢ In¢iliuds dnd prin¢ipl¢J ID IhL Chdiili¢s SORP.- rniike jiJdeL'nien15 aiid tiliniaiKS thai aTL fLdsonabli prudLnl-. siaie ￿hl￿ther appli¢oble a¢¢ouniir.g %lanJards hak¢ been lollowed. subject io any tnareridl departur¢5 di%closed and LNplainLd In IhL findnlidl %lJietnenis- prepare rhL Iindniidl .%ldletneni l)n the going concern hasifi ijnle%s li 14 illiippr<)prialL ID presumi thai th¢ chariry will coniinue in operaiion. I he IruslLL% arL responsihlt lor keeping pri)per #¢¢OUnlin& rL'Lords Illa (Jits¢lu￿. wi¢h rL3wnablL 4L¢ur4¢V ai ani. iimc the tiDancial ￿%111￿n of rht Charl￿ and tnablL Ih¥m ill ¥nsiir¥ Ihai th¢ linan¢i)l SldlLn)Lni% ¢ompls' wilh the Charii)L% Ail ?01 l. rhe Chariry (Accounis ar.d Reports) Rcgulaiions 7008 and Ihc proviill)Ili iil'tlie Iru%t d¢ed. Tlie) are re¥wTisibli fvr )Jl¥LU4￿￿I￿¥Tr Js>¢ls u(IliL ¥harit> diid h¥nLc lor taking rl4￿(}￿4bI¢ steps lor Ihe Prei'eniion and d¢i¢ciion ol-lraud 4nd vili¢r irr¢gulorili¢s. The Iru%iees are TLswnsibl¢ for lh¢ mairii¢nanci ifilLkriiN i>f Iht Lharii!. lind fin£inLial inl(Trrmuii(In iricludLd i)n rhe iliarii>'s Hrbs'iie. Lebisl4iion in ib¢ L'ni¢id Kiri￿￿0￿ Ihi pripittdiitsn iiiid This rcpon was appro%Ld bv th¢ Board on ?6ih Mai. !0?6 and si8ned on its behalf b).. l)r. 1s#m Ajina- Trusl¢c

oor"I'ru51 B#laDce Shet15 115 ai 31 July 2025 Jlill125 31107n4 l.-nr¢%lri¢led fund Ttbthl fund5 oles Fixtd ais¢ts j47,?.>2 4,.349 351.6).) -5,430 Fixlur¥s & fiNin85 Inve5tm¢nts 10 351,581 Curr¢nt l)ebiors .070.426 1,030.189 Cash ai bank and in hand 75 52.5 .845.951 71 %04 I.()01.704 Crcditnn.. #mounts falling du¢ wiihln %tr 12 Nct curreni aq4eti 2.192.542 2,25.S,756 1.1 Unrt51ri¢ied fund5 13 2.192.542 2.25S,756 Tntal 115A7$6 The finan¢ial staictnent5 on pagi$ 8 to 14 w'ere approved and auihori%ed Inr iiSUL by lh¢ tru%i¢¢s on 26th McTrV 2026 and signed their behalf bi.. Dr Isani Ajina- Tru8iee

Noor trust

Report and Financial Statements

Year ended: 31 July 2025 Charity no: 1089506

Noor Trust

Contents

Page Legal and administrative information 2 Trustees’ annual report 3 to 5 Statement of financial activities 6 Balance sheets 7 Notes forming part of the financial statements 10 to 14

1

Noor Trust

Legal and administrative information

Trustees:

Dr Isam Ajina Mr Seyed Heyder Hosseini-Milani Mr Emad Dean Hili

Registered Office: 4 Dalston Gardens Stanmore Middlesex HA7 1BU

Accountants:

Nebula Accountants limited 31 Crown Way Chellaston Derby DE73 5NU

Bankers:

National Westminster Bank Plc Kingsbury Branch 567 Kingsbury Road London NW9 9EP

2

Noor Trust

Trustees’ Annual Report for the year ended 31 July 2025

The trustees submit their annual report and the audited financial statements for the year ended 31 July 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Reference and administrative details of the charity, its trustees and advisers

Registered Charity, number 1089506

Trustees: Dr Isam Ajina Mr Seyed Heyder Hosseini-Milani Mr Emad Dean Hili

Registered Office:

4 Dalston Gardens Stanmore Middlesex HA7 1BU

Independent Auditors:

Nebula Accountants limited 31 Crown Way Chellaston Derby DE73 5NU

Bankers: National Westminster Bank Plc Kingsbury Branch 567 Kingsbury Road London NW9 9EP

Accountants Nebula Accountants Limited 31 Crown way Derby DE73 5NU

Structure, governance and management

Organisational structure

The Trustees of the charity are listed on above and served throughout the year. The Board has the power to appoint additional trustees, as it considers fit to do so. There shall be at least three trustees. Every future trustee shall be appointed by resolution of the trustees passed at a special meeting.

Related parties

Noor Trust owns 100% shareholdings in an incorporated charity, Noor (NWL) Limited (Co Registration number 7543550 and registered charity number 1089506).

Noor Trust operates from 4 Dalston Gardens, Stanmore Middlesex HA7 1BU, a property acquired by Noor (NWL) Limited in June 2011. The purchase of the property was financed by interest free loan from Noor Trust to Noor (NWL) Limited.

3

Noor Trust

Risk Management

The trustees actively review the major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Trustee Induction and Training

As part of the induction programme all the Trustees and the committee members are made aware of their responsibilities. This induction includes an introduction to the objectives, scope and policies of the charitable funds, Charity Commission information on trustee responsibilities.

Objectives and activities

Objectives of the charity and principal activities

The Charity is governed by its constitution dated 27[th] October 2001 registered with the Charity Commission as a charity (1089506).

The trustees shall hold the trust fund and its income upon trust to apply them to:

  1. To provide the benefit of the inhabitants and in particular the Muslim children and young people who reside in communities within the UK and overseas and the neighborhoods, thereof without distinction of sex, sexual orientation, race or of political, religious or other opinion, by associating together the inhabitants and local authorities, voluntary and other organisations in a common effort to advance the Muslim faith, advance education and to provide facilities in the interests of social welfare for recreation and other leisure-time occupation with the object of improving the conditions for the said inhabitants;

  2. To establish schools to teach children of ethnic minorities their mother tongue and culture, and help them with curriculum education;

  3. To cooperate with and support organisations and individuals working with children and youth in the UK and abroad to promote education of children and youth, and to prevent poverty.

Achievement and performance

Development activities and achievements this year

During the year the charity continued to follow its objectives and contributed towards An-Noor School for girls, Al-Huda Arabic School for boys, Noor Al-Huda School for infants, and Noor Youth Library and Reading Club. The charity was able to and made substantial donations towards orphans in Iraq in the form of building an educational centre for orphans in the name of Noor Centre for Educational Excellence (NCEE)

Financial review

Transactions and financial position

The Statement of Financial Activities shows net loss of £63,214 for the year, and reserves stand at £2,192,542 in total. Charity received £386,592 from donations and investment income (Bank interest) of £20,457. The Charity’s total incoming resources for the year are therefore £438,895. The Charity is indebted to the generosity of those who donated so generously to the work of the Charity.

Reserves Policy

The free reserves of the charity comprise of the unrestricted funds which at the year end amounted to £2,192,542 (31 July 24 £2,255,756). The trustees are targeting a minimum reserve level which would cover about 18 months of regular operating expenses. Some of the donations received have been put aside to be spent on the NCEE project.

Other Developments

The trust continued over the course of a year to send mainly funds to build the orphans’ school, and to help with expenses of the orphaned and needy families, as well as distributing the essential among them in the year ending 31 July 2025.

Volunteers

The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision and fundraising activities. It is estimated that over 10000 volunteer hours were provided during the year. If this is conservatively valued at £14 an hour the volunteer effort amounts to over £140,000.

4

Noor Trust TRUSTEES' RESPONSIBILITIES STATEMENTS

Trustees' responsibilities statement

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose 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 Reports) Regulations 2008 and the provisions of the trust deed. 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.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the Board on 26th May 2026 and signed on its behalf by:

…………………………..

Dr. Isam Ajina- Trustee

5

Noor Trust

Statement of Financial Activities for the year ended 31 July 2025

31/07/25
Unrestricted
Notes funds
£
Incoming Resources
Incoming resources from generated funds:
Donations
2
360,798

Activities for generating funds 3 109,003
Other incoming resources
20,456
Total incoming resources
490,257
Resources expended
Direct Charitable activities 4
515,981
Governance costs 6
37,491
Total resources expended
553,472
Net Incoming / (Outgoing) resources(63,214)
Fund balances brought forward at 1 August 2,255,756
Fund balances carried forward at 31 July
2,192,542





31/07/24
Total
funds
£
273,978
112,614
23,172
409,764
523,711
61,415
585,127
(175,363)
2,431,119
2,255,756







All of the above results are derived from continuing activities.

6

Noor Trust

Balance Sheets as at 31 July 2025

31/07/25

Unrestricted
fund
Notes£
Fixed assets
Land & buildings 9
347,232
Fixtures & Fittings 9
4,349
Investments 10
1
351,581
Current assets
Debtors 11
1,070,426
Cash at bank and in hand
775,525
1,845,951
Creditors: amounts falling due within one year12
(4,990)
Net current assets
1,840,961
Total assets less current liabilities
2,192,542
Net assets
2,192,542
Funds:
Unrestricted funds13
2,192,542
Total funds
2,192,542		 31/07/24
Total funds

£
351,633
5,436
1
357,069
1,030,189
871,804
1,901,704
(3,017)
1,898,687
2,255,756
2,255,756
2,255,756
2,255,756





The financial statements on pages 8 to 14 were approved and authorised for issue by the trustees on 26th May 2026 and signed on their behalf by:

Dr Isam Ajina - Trustee

7

Noor Trust

Notes forming part of the financial statements for the year ended 31 July 2025

1 Accounting policies

(a) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments, which is included at market value.

Going Concern

No material uncertainties related to events or conditions that may cast significant doubt upon the entity’s ability to continue as a going concern exist.

(b) Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

(c) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

(d) Tangible fixed assets and depreciation

Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Project and office equipment over 5 years
Computer equipment over 3 years
Equipment held under finance leases over the life of the lease
Buildings over 50 years

(e)

Finance and operating leases

Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written-off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.

(f) Taxation

The charity is exempt from tax on its charitable activities.

(g) Fund accounting

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

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

8

Noor Trust

Notes forming part of the financial statements - Continued for the year ended 31 July 2025

2. Donations and gift
31/07/25 31/07/24
£ £
Donations 317,590
 249,167
Gift aid 30,906 5,923
Sadaka 12,302 18,888
360,798 273,978
3 Activities for generating funds
31/07/25 31/07/24
£ £
Ramadan Appeal 0 15
School appeal 102,018 98,869
Specified Orphan’s donations 0 0
Sponsorship 6,985 13,370
109,003 112,614
4. Charitable activities costs
 Direct costs Support costs Totals
(see note 5)
£ £ £
Direct Charitable Costs 334,749 181,232
 515,981
5 Support Costs
Finance Others Total
£ £ £
Direct Charitable Costs 830 180,402 181,232
6. Governance Costs
31/07/25 31/07/24
£ £
Rates & water 4,741 4,723
Accountants remuneration 2,100 1,800
Rent 30,650 54,893
School expenses 0 0
37,491 61,415

9

Noor Trust

Notes forming part of the financial statements - Continued

for the year ended 31 July 2025

7. Trustees’ remuneration

The trustees neither received nor waived any emoluments during the year (2024: £Nil).

There were no trustees’ expenses paid for the year ended 31 July 2025 (2024: £Nil)

8. Staff costs

31/07/25 31/07/24
£ £
Net wages and salaries 112,295 109,886
Social security costs 14,534 18,830
130,029 128,716

The average number of employees, calculated on a full-time equivalent basis, analysed by function was:

31/07/25 31/07/24
Number
 Number
Charitable activities 11 11
Management and administration of the charity 7 7
9.
Tangible fixed assets
Fixtures
Land
& fittings & buildings
£ £
Cost
At 1 August 2024 19,071 386,833
Additions 0 0
At 31 July 2025 19,071 386,833
Depreciation
At 1 August 2024 13,635 35,200
Charge for year 1,087 4,400
At 31 July 2025 14,722 39,600
Net book value
at 31 July 2025 4,349 347,232
At 31 July 2024 5,436 351,633

10

Noor Trust

Notes forming part of the financial statements - Continued for the year ended 31 July 2025

10. Fixed Asset Investments

Investments (neither listed nor unlisted) are represented by:

Investment in subsidiary 31/07/25 31/07/24

Total 1
 1

The Charity’s investments at the balance sheet date in the share capital of company include the following:

Noor (NWL) Limited (CO Reg 7543550) Incorporated in England & Wales Nature of Business: Charity Class of shares % Holding Ordinary 100

Accumulated funds carried forward 25,370 33,575 (Loss)/profit for the year 2,885 11,472

11. Debtors: Amounts falling due within one year



Related party

Gift Aid- HMRC
Other debtors

Foreign Exchange Debtor
Total		 31/07/25
£
1,025,000
30,714
14,711
0
1,070,426		 31/07/24
£
1,025,000
5,189
0
0
1,030,189

The amount owed by the subsidiary undertaking is secured by a charge over the assets of the subsidiary.

12. Creditors: Amounts falling due within one year

31/07/25 31/07/24
£ £
Trade creditors 0 0
Other creditors & accruals
 4,990 3,017
4,990 3,017

11

Noor Trust

Notes forming part of the financial statements - Continued for the year ended 31 July 2025

13. Movement in Funds
At 01.8.24 Net movement At 31.7.25
in funds
£ £ £
Unrestricted funds
General funds 2,255,756 (63,214) 2,192,542
Total Funds 2,255,756 (63,214) 2,192,5426
Incoming Resources Movement
Resources Expended in funds
£ £ £
Unrestricted funds
General funds 490,257 (553,742) (63,214)
Total Funds 490,257 (553,742) (63,214)
14. Related Party Disclosures
Noor Trust undertook the following transactions with parties relating to it:
Noor (NWL) Limited (Co Reg 7543550) 31/07/2025 31/07/2024
£ £
Loan interest charged from Nil Nil
Rent and Rates from Nil Nil
Year end debtors / (creditors) 1,025,000 1,025,000
Noor (NWL) Limited is 100% owned subsidiary of Noor Trust

12

Noor Trust

Detailed Statement of Financial Activities

Incoming Resources
Donations
Donations
Gift aid
Sadaka
Activities for generating funds
Ramadan appeal
School appeal
Specified Orphan's donations
Sponsorship
Other incoming resources
Bank
Total Incoming Resources
Recourses Expended
Charitable activities
Activities and event
Volunteers expenses
Direct wages
Donations and sponsorships
Governance costs
Wages
Rent
Professional fees
Rates & water
Promotion and Advertising

Accountancy
Auditors remuneration
School expenses		 31/07/25
31/07/24
£
£
317,590
249,167
30,906
5,923
12,302
18,888
360,798
273,978
0
15
102,018
98,869
0
0
6,985
13,730
109,003
112,614
20,457
23,172
490,257
409,764
0
0
0
0
0
0
334,749
311,121
334,749
311,121
0
0
30,650
54,893
0
0
4,741
4,723
0
0
2,100
1,800
0
0
0
0
37,491
61,415		 31/07/25
31/07/24
£
£
317,590
249,167
30,906
5,923
12,302
18,888
360,798
273,978
0
15
102,018
98,869
0
0
6,985
13,730
109,003
112,614
20,457
23,172
490,257
409,764
0
0
0
0
0
0
334,749
311,121
334,749
311,121
0
0
30,650
54,893
0
0
4,741
4,723
0
0
2,100
1,800
0
0
0
0
37,491
61,415

273,978
15
98,869
0
13,730
112,614
23,172
409,764
0
0
0
311,121
311,121
0
54,893
0
4,723
0
1,800
0
0
61,415

13

Noor Trust

Detailed Statement of Financial Activities

Detailed Statement of Financial Activities
Finance
Sundries
Bank charges
Other
Staff costs & NI
Depreciation
Insurance
Books & subscriptions
Exchange fees
General Expenses
Travel & subsistence
Teaching services
IT software & tel
Postage and stationery
Sundries
Bad debts
Advertising & marketing
Total resources expended
Net (Expenditure)/income		 31/07/25
£
0
830
830
142,847
5,008
1,438
1,815
8,614
222
4,875
3,350
1,496
10,664
0
0
72
180,402
553,472
(63,214)


31/07/24
£
0
1058
1058
158,324
5,759
2,123
8,168
7,672
5,151
8,475
3,207
915
10,090
443
0
54
211,532
585,127
(175,363)



14

Noor trust

Report and Financial Statements

Year ended: 31 July 2025 Charity no: 1089506

Noor Trust

Contents

Page Legal and administrative information 2 Trustees’ annual report 3 to 5 Statement of financial activities 6 Balance sheets 7 Notes forming part of the financial statements 10 to 14

1

Noor Trust

Legal and administrative information

Trustees:

Dr Isam Ajina Mr Seyed Heyder Hosseini-Milani Mr Emad Dean Hili

Registered Office: 4 Dalston Gardens Stanmore Middlesex HA7 1BU

Accountants:

Nebula Accountants limited 31 Crown Way Chellaston Derby DE73 5NU

Bankers:

National Westminster Bank Plc Kingsbury Branch 567 Kingsbury Road London NW9 9EP

2

Noor Trust

Trustees’ Annual Report for the year ended 31 July 2025

The trustees submit their annual report and the audited financial statements for the year ended 31 July 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Reference and administrative details of the charity, its trustees and advisers

Registered Charity, number 1089506

Trustees: Dr Isam Ajina Mr Seyed Heyder Hosseini-Milani Mr Emad Dean Hili

Registered Office:

4 Dalston Gardens Stanmore Middlesex HA7 1BU

Independent Auditors:

Nebula Accountants limited 31 Crown Way Chellaston Derby DE73 5NU

Bankers: National Westminster Bank Plc Kingsbury Branch 567 Kingsbury Road London NW9 9EP

Accountants Nebula Accountants Limited 31 Crown way Derby DE73 5NU

Structure, governance and management

Organisational structure

The Trustees of the charity are listed on above and served throughout the year. The Board has the power to appoint additional trustees, as it considers fit to do so. There shall be at least three trustees. Every future trustee shall be appointed by resolution of the trustees passed at a special meeting.

Related parties

Noor Trust owns 100% shareholdings in an incorporated charity, Noor (NWL) Limited (Co Registration number 7543550 and registered charity number 1089506).

Noor Trust operates from 4 Dalston Gardens, Stanmore Middlesex HA7 1BU, a property acquired by Noor (NWL) Limited in June 2011. The purchase of the property was financed by interest free loan from Noor Trust to Noor (NWL) Limited.

3

Noor Trust

Risk Management

The trustees actively review the major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Trustee Induction and Training

As part of the induction programme all the Trustees and the committee members are made aware of their responsibilities. This induction includes an introduction to the objectives, scope and policies of the charitable funds, Charity Commission information on trustee responsibilities.

Objectives and activities

Objectives of the charity and principal activities

The Charity is governed by its constitution dated 27[th] October 2001 registered with the Charity Commission as a charity (1089506).

The trustees shall hold the trust fund and its income upon trust to apply them to:

  1. To provide the benefit of the inhabitants and in particular the Muslim children and young people who reside in communities within the UK and overseas and the neighborhoods, thereof without distinction of sex, sexual orientation, race or of political, religious or other opinion, by associating together the inhabitants and local authorities, voluntary and other organisations in a common effort to advance the Muslim faith, advance education and to provide facilities in the interests of social welfare for recreation and other leisure-time occupation with the object of improving the conditions for the said inhabitants;

  2. To establish schools to teach children of ethnic minorities their mother tongue and culture, and help them with curriculum education;

  3. To cooperate with and support organisations and individuals working with children and youth in the UK and abroad to promote education of children and youth, and to prevent poverty.

Achievement and performance

Development activities and achievements this year

During the year the charity continued to follow its objectives and contributed towards An-Noor School for girls, Al-Huda Arabic School for boys, Noor Al-Huda School for infants, and Noor Youth Library and Reading Club. The charity was able to and made substantial donations towards orphans in Iraq in the form of building an educational centre for orphans in the name of Noor Centre for Educational Excellence (NCEE)

Financial review

Transactions and financial position

The Statement of Financial Activities shows net loss of £63,214 for the year, and reserves stand at £2,192,542 in total. Charity received £386,592 from donations and investment income (Bank interest) of £20,457. The Charity’s total incoming resources for the year are therefore £438,895. The Charity is indebted to the generosity of those who donated so generously to the work of the Charity.

Reserves Policy

The free reserves of the charity comprise of the unrestricted funds which at the year end amounted to £2,192,542 (31 July 24 £2,255,756). The trustees are targeting a minimum reserve level which would cover about 18 months of regular operating expenses. Some of the donations received have been put aside to be spent on the NCEE project.

Other Developments

The trust continued over the course of a year to send mainly funds to build the orphans’ school, and to help with expenses of the orphaned and needy families, as well as distributing the essential among them in the year ending 31 July 2025.

Volunteers

The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision and fundraising activities. It is estimated that over 10000 volunteer hours were provided during the year. If this is conservatively valued at £14 an hour the volunteer effort amounts to over £140,000.

4

Noor Trust TRUSTEES' RESPONSIBILITIES STATEMENTS

Trustees' responsibilities statement

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose 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 Reports) Regulations 2008 and the provisions of the trust deed. 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.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the Board on 26th May 2026 and signed on its behalf by:

…………………………..

Dr. Isam Ajina- Trustee

5

Noor Trust

Statement of Financial Activities for the year ended 31 July 2025

31/07/25
Unrestricted
Notes funds
£
Incoming Resources
Incoming resources from generated funds:
Donations
2
360,798

Activities for generating funds 3 109,003
Other incoming resources
20,456
Total incoming resources
490,257
Resources expended
Direct Charitable activities 4
515,981
Governance costs 6
37,491
Total resources expended
553,472
Net Incoming / (Outgoing) resources(63,214)
Fund balances brought forward at 1 August 2,255,756
Fund balances carried forward at 31 July
2,192,542





31/07/24
Total
funds
£
273,978
112,614
23,172
409,764
523,711
61,415
585,127
(175,363)
2,431,119
2,255,756







All of the above results are derived from continuing activities.

6

Noor Trust

Balance Sheets as at 31 July 2025

31/07/25

Unrestricted
fund
Notes£
Fixed assets
Land & buildings 9
347,232
Fixtures & Fittings 9
4,349
Investments 10
1
351,581
Current assets
Debtors 11
1,070,426
Cash at bank and in hand
775,525
1,845,951
Creditors: amounts falling due within one year12
(4,990)
Net current assets
1,840,961
Total assets less current liabilities
2,192,542
Net assets
2,192,542
Funds:
Unrestricted funds13
2,192,542
Total funds
2,192,542		 31/07/24
Total funds

£
351,633
5,436
1
357,069
1,030,189
871,804
1,901,704
(3,017)
1,898,687
2,255,756
2,255,756
2,255,756
2,255,756





The financial statements on pages 8 to 14 were approved and authorised for issue by the trustees on 26th May 2026 and signed on their behalf by:

Dr Isam Ajina - Trustee

7

Noor Trust

Notes forming part of the financial statements for the year ended 31 July 2025

1 Accounting policies

(a) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments, which is included at market value.

Going Concern

No material uncertainties related to events or conditions that may cast significant doubt upon the entity’s ability to continue as a going concern exist.

(b) Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

(c) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

(d) Tangible fixed assets and depreciation

Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Project and office equipment over 5 years
Computer equipment over 3 years
Equipment held under finance leases over the life of the lease
Buildings over 50 years

(e)

Finance and operating leases

Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written-off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.

(f) Taxation

The charity is exempt from tax on its charitable activities.

(g) Fund accounting

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

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

8

Noor Trust

Notes forming part of the financial statements - Continued for the year ended 31 July 2025

2. Donations and gift
31/07/25 31/07/24
£ £
Donations 317,590
 249,167
Gift aid 30,906 5,923
Sadaka 12,302 18,888
360,798 273,978
3 Activities for generating funds
31/07/25 31/07/24
£ £
Ramadan Appeal 0 15
School appeal 102,018 98,869
Specified Orphan’s donations 0 0
Sponsorship 6,985 13,370
109,003 112,614
4. Charitable activities costs
 Direct costs Support costs Totals
(see note 5)
£ £ £
Direct Charitable Costs 334,749 181,232
 515,981
5 Support Costs
Finance Others Total
£ £ £
Direct Charitable Costs 830 180,402 181,232
6. Governance Costs
31/07/25 31/07/24
£ £
Rates & water 4,741 4,723
Accountants remuneration 2,100 1,800
Rent 30,650 54,893
School expenses 0 0
37,491 61,415

9

Noor Trust

Notes forming part of the financial statements - Continued

for the year ended 31 July 2025

7. Trustees’ remuneration

The trustees neither received nor waived any emoluments during the year (2024: £Nil).

There were no trustees’ expenses paid for the year ended 31 July 2025 (2024: £Nil)

8. Staff costs

31/07/25 31/07/24
£ £
Net wages and salaries 112,295 109,886
Social security costs 14,534 18,830
130,029 128,716

The average number of employees, calculated on a full-time equivalent basis, analysed by function was:

31/07/25 31/07/24
Number
 Number
Charitable activities 11 11
Management and administration of the charity 7 7
9.
Tangible fixed assets
Fixtures
Land
& fittings & buildings
£ £
Cost
At 1 August 2024 19,071 386,833
Additions 0 0
At 31 July 2025 19,071 386,833
Depreciation
At 1 August 2024 13,635 35,200
Charge for year 1,087 4,400
At 31 July 2025 14,722 39,600
Net book value
at 31 July 2025 4,349 347,232
At 31 July 2024 5,436 351,633

10

Noor Trust

Notes forming part of the financial statements - Continued for the year ended 31 July 2025

10. Fixed Asset Investments

Investments (neither listed nor unlisted) are represented by:

Investment in subsidiary 31/07/25 31/07/24

Total 1
 1

The Charity’s investments at the balance sheet date in the share capital of company include the following:

Noor (NWL) Limited (CO Reg 7543550) Incorporated in England & Wales Nature of Business: Charity Class of shares % Holding Ordinary 100

Accumulated funds carried forward 25,370 33,575 (Loss)/profit for the year 2,885 11,472

11. Debtors: Amounts falling due within one year



Related party

Gift Aid- HMRC
Other debtors

Foreign Exchange Debtor
Total		 31/07/25
£
1,025,000
30,714
14,711
0
1,070,426		 31/07/24
£
1,025,000
5,189
0
0
1,030,189

The amount owed by the subsidiary undertaking is secured by a charge over the assets of the subsidiary.

12. Creditors: Amounts falling due within one year

31/07/25 31/07/24
£ £
Trade creditors 0 0
Other creditors & accruals
 4,990 3,017
4,990 3,017

11

Noor Trust

Notes forming part of the financial statements - Continued for the year ended 31 July 2025

13. Movement in Funds
At 01.8.24 Net movement At 31.7.25
in funds
£ £ £
Unrestricted funds
General funds 2,255,756 (63,214) 2,192,542
Total Funds 2,255,756 (63,214) 2,192,5426
Incoming Resources Movement
Resources Expended in funds
£ £ £
Unrestricted funds
General funds 490,257 (553,742) (63,214)
Total Funds 490,257 (553,742) (63,214)
14. Related Party Disclosures
Noor Trust undertook the following transactions with parties relating to it:
Noor (NWL) Limited (Co Reg 7543550) 31/07/2025 31/07/2024
£ £
Loan interest charged from Nil Nil
Rent and Rates from Nil Nil
Year end debtors / (creditors) 1,025,000 1,025,000
Noor (NWL) Limited is 100% owned subsidiary of Noor Trust

12

Noor Trust

Detailed Statement of Financial Activities

Incoming Resources
Donations
Donations
Gift aid
Sadaka
Activities for generating funds
Ramadan appeal
School appeal
Specified Orphan's donations
Sponsorship
Other incoming resources
Bank
Total Incoming Resources
Recourses Expended
Charitable activities
Activities and event
Volunteers expenses
Direct wages
Donations and sponsorships
Governance costs
Wages
Rent
Professional fees
Rates & water
Promotion and Advertising

Accountancy
Auditors remuneration
School expenses		 31/07/25
31/07/24
£
£
317,590
249,167
30,906
5,923
12,302
18,888
360,798
273,978
0
15
102,018
98,869
0
0
6,985
13,730
109,003
112,614
20,457
23,172
490,257
409,764
0
0
0
0
0
0
334,749
311,121
334,749
311,121
0
0
30,650
54,893
0
0
4,741
4,723
0
0
2,100
1,800
0
0
0
0
37,491
61,415		 31/07/25
31/07/24
£
£
317,590
249,167
30,906
5,923
12,302
18,888
360,798
273,978
0
15
102,018
98,869
0
0
6,985
13,730
109,003
112,614
20,457
23,172
490,257
409,764
0
0
0
0
0
0
334,749
311,121
334,749
311,121
0
0
30,650
54,893
0
0
4,741
4,723
0
0
2,100
1,800
0
0
0
0
37,491
61,415

273,978
15
98,869
0
13,730
112,614
23,172
409,764
0
0
0
311,121
311,121
0
54,893
0
4,723
0
1,800
0
0
61,415

13

Noor Trust

Detailed Statement of Financial Activities

Detailed Statement of Financial Activities
Finance
Sundries
Bank charges
Other
Staff costs & NI
Depreciation
Insurance
Books & subscriptions
Exchange fees
General Expenses
Travel & subsistence
Teaching services
IT software & tel
Postage and stationery
Sundries
Bad debts
Advertising & marketing
Total resources expended
Net (Expenditure)/income		 31/07/25
£
0
830
830
142,847
5,008
1,438
1,815
8,614
222
4,875
3,350
1,496
10,664
0
0
72
180,402
553,472
(63,214)


31/07/24
£
0
1058
1058
158,324
5,759
2,123
8,168
7,672
5,151
8,475
3,207
915
10,090
443
0
54
211,532
585,127
(175,363)



14