REGISTERED COMPANY NUMBER: 06240315 (England and Wales) REGISTERED CHARITY NUMBER: 1121772
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
FOR
NOORANI EDUCATION CENTRE
Shamim Mahomed Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
NOORANI EDUCATION CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
NOORANI EDUCATION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
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 May 2021. 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 Charity's objects are to promote the teaching of the Islamic Faith in accordance with the laws dictated in the Quran and the Sunnah of the Holy Prophet Mohammed (P.B.U.H) and Hanafi Sunni school of thought and beliefs as expounded by Imam-E-Azam Noman Ben Shabit commonly known as Imam Abu Hanifa and to advance the education of the local community in the Fulwood area and also generally within Preston specifically in the history and culture of Islam and to ensure the provision of religious education for adults and children.
The Charity shall promote the teachings in accordance with its Objects and in particular:
> To establish and promote multi-faith dialogue with other religious communities to develop community cohesion within the relevant locality;
> To assist the relevant community with local issues and youth education;
> To ensure community harmony and to counteract all forms of extremism
Volunteers
Many volunteers give up their time to help out the charity, particularly at the weekends and the evenings to help with improving the school/premises/courts in all areas. We are greatly indebted to these volunteers for their commitment and support.
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NOORANI EDUCATION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
ACHIEVEMENT AND PERFORMANCE Charitable activities
How our activities deliver public benefit
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit to those who educate & worship at our education centre.
Religious Activities
Our Educational centre provides a place for our prayers and worship and for the activities associated with our faith. During the year under review, we offered a range of religious services and activities including:
Prayers: The place of worship within the charities building is open for all daily and Friday prayers. During the week we have over 10 people who regularly attend daily prayers and over 50 who regularly attend Friday prayers.
Festivals: The charity provides facilities in terms of sermons, literature and place of worship on those special occasions.
Civil Marriage and Nikkah: The centre provides Muslim couples with an appropriate location for their both civil marriage and Nikkah (Islamic marriage).
Islamic Awareness: This year we have launched a series of lectures, open to all, to promote Islamic knowledge and awareness.
Inter-faith Dialogue: The charity aims to become an active member of the Faith Communities Forum for the Local area. We use this platform to promote inter-faith dialogue and social cohesion.
Community activities
Our community hall and rooms provide a valuable educational and recreational to all in our local community. A wide variety of activities are organised and take place from our community centre.
Hall and rooms: Our hall and meeting rooms are available for use by local groups and organisations.
Currently we are undertaking the following activities:
-
Seminars - organised periodically on various educational topics. - Courses - short courses are held to take an in depth look at topics covered in seminars.
-
Evening School - for children aged 5-12 years old, teaching basic Islamic Studies.
-
Publishing & distributing timetables for daily prayers.
-
Publishing of useful leaflets and booklets explaining Islamic issues.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources of the charity are currently by way of donations and membership fees. For the short term the charity has used interest free loans from its members and from people in the locality in which the charity operates. It should be noted that this method of financing was undertaken largely due to the fact that "interest bearing loans" are against the core principals of the charity and the faith which the charity is promoting.
Reserves policy
The General fund represents funds arising from past operating results. The trustees are satisfied that the balance of the fund will enable the charity to meet its objectives. The trustees have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 9 to 12 months of operational expenditure.
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NOORANI EDUCATION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
FUTURE PLANS
The charity plans continuing the activities outlined above in the forthcoming years. We also plan to look into further projects which will help us to fulfil our aims and objectives.In the immediate future the charity aims to create further awareness of the educational centre, research more in depth the requirements of the public and provide services to aid a more prosperous and cohesive community.
Due to the demand and awareness provided by the charity it has now out grown its property and space and are now actively looking to procure a larger and more suitable and permanent place to expand its goals and objectives. The next year there will be an active drive to procure such premises so the local and wider community can take full advantage of its facilities and services.
During 2019 the charity has acquired a building which is part of their future plan to develop the organisation and allow increased capacity of numbers of attendees. The 'Withy Trees Hotel' has been acquired and will now be fully developed as a place of worship. It will hold approximately 200 worshippers and will be fully equipped private car park. The charity has acquired it through 'interest free loans' from members of the community and will look to pay them off long term through donations and the selling of the existing building.
The Withy Trees building project has gone slower than anticipated due to building contractor issues. However, a new contractor, WA Construction has been appointed and the Car Park works as well as a lot of the Phase One works have been rectified and are now back on track. Occupancy of the new building is still expected to be 2023.
During the 2 years to 2020, the charity has seen an impact to the centre due to Covid 19. The charity was unable to fund raise door to door and the fall in numbers of attendees had also had an impact on the ability to generate more funds. During the year 2021, the donations improved significantly.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 8th May 2007 and registered as a charity on 3rd December 2007. The Company was established under a Memorandum of Articles which established the objects and powers of the charitable company and is governed under its Articles of Association.
Recruitment and appointment of new trustees
The directors of the company are also charity Trustees for purposes of charity law and under the company's Articles and as stated in the minutes of the first meeting are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of 12 months after which they must be re-elected at the next Annual General Meeting. At the first Annual General Meeting all the Management Committee members must retire from office unless exceptions are met as stated in the Articles of Association. In subsequent Annual General Meetings at least one third of all Management Committee members must resign as part of the company's rotation scheme. The Management Committee members to retire by rotation shall be those who have been longest in office. The rotation scheme is dependent on the criteria and exceptions as stated in the Articles of Association.
All members of the Management Committee give their time voluntarily and received no benefits from the Charity. Any expenses reclaimed from the charity are set out in note 6 to the accounts.
The recruitment of Management Committee members are generally from its members. The charity has kept a rotation scheme in place to promote a more active role for all members and to ensure the needs and objects of the charity are met.
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NOORANI EDUCATION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The charity is managed by the trustees. The details of the current trustees are below:
Ismail Vali Hasan Yunus Patel Mohammed Siddik Patel Mohammed Salim
The trustees who make up the Management Committee control the charity. Details of the current Trustees are set out above. These are the individuals responsible for the strategic direction and policy of the charity. The committee is responsible for the day to day running and provision of services.
Induction and training of new trustees
Most Trustees are already familiar with the practical work of the charity. Additionally, new Trustees are provided with an induction in the first management Committee meeting and are coached by the Chair of the management committee over the first few months.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06240315 (England and Wales)
Registered Charity number
1121772
Registered office
175-177 Garstang Road Fulwood Preston Lancashire PR2 8JQ
Trustees
Ismail Vali Hasan Yunus Patel Mohammed Siddik Patel Salim Mohammed
Company Secretary
Bankers
Natwest Leyland Branch 2 Golden Hill Lane Leyland Preston Lancashire PR25 3LP
Approved by order of the board of trustees on 3 March 2022 and signed on its behalf by:
Salim Mohammed - Trustee
Page 4
NOORANI EDUCATION CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 304,531 Other income 41 Total 304,572 EXPENDITURE ON Charitable activities 3 Management & Administration 49,857 NET INCOME 254,715 RECONCILIATION OF FUNDS Total funds brought forward 541,119 TOTAL FUNDS CARRIED FORWARD 795,834 |
2020 Total funds £ 40,429 - |
|---|---|
| 40,429 32,321 |
|
| 8,108 533,011 |
|
| 541,119 |
The notes form part of these financial statements
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NOORANI EDUCATION CENTRE
BALANCE SHEET 31 MAY 2021
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 12 NET ASSETS FUNDS 14 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 1,050,606 31,149 258,158 289,307 (4,277) 285,030 1,335,636 (539,802) 795,834 795,834 795,834 |
2020 Total funds £ 946,891 13,553 32,440 45,993 (23,963) 22,030 968,921 (427,802) 541,119 541,119 541,119 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
NOORANI EDUCATION CENTRE
BALANCE SHEET - continued 31 MAY 2021
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 3 March 2022 and were signed on its behalf by:
Salim Mohammed - Trustee
The notes form part of these financial statements
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NOORANI EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
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.
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. DONATIONS AND LEGACIES
| Donations Gift aid Grants Grants received, included in the above, are as follows: Other grants |
2021 £ 271,685 29,535 3,311 304,531 2021 £ 3,311 |
2020 £ 36,692 1,641 2,096 |
|---|---|---|
| 40,429 | ||
| 2020 £ 2,096 |
continued...
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NOORANI EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
3. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |
|---|---|
| Support | |
| costs (see | |
| note 4) | |
| £ | |
| Management & Administration | 49,857 |
| SUPPORT COSTS | |
| Management | |
| £ | |
| Management & Administration | 49,857 |
| Support costs, included in the above, are as follows: |
4. SUPPORT COSTS
Management
| Management | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Management | Total | ||
| & Administration | activities | ||
| £ | £ | ||
| Wages | 18,028 | 15,136 | |
| Rates and water | 4,285 | 1,981 | |
| Insurance | 2,462 | 2,239 | |
| Light and heat | 2,672 | 3,864 | |
| PPS | 290 | - | |
| Sundries | 55 | - | |
| Legal and Professional | 8,380 | 5,763 | |
| Repairs and Renewals | 12,560 | 2,538 | |
| Accountancy | 622 | 530 | |
| Donations | - | 200 | |
| Subscription | 228 | - | |
| Depreciation of tangible and heritage assets | 275 | 70 | |
| 49,857 | 32,321 | ||
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation - owned assets | 275 | 70 |
continued...
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NOORANI EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
8.
| Average Number of Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Management & Administration NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 2020 2 2 Unrestricted fund £ 40,429 32,321 8,108 533,011 541,119 |
2021 2020 2 2 Unrestricted fund £ 40,429 32,321 8,108 533,011 541,119 |
|---|---|---|
| 8,108 533,011 |
||
| 541,119 |
continued...
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NOORANI EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
9. TANGIBLE FIXED ASSETS
| Improvements Freehold to property property £ £ COST At 1 June 2020 943,248 3,247 Additions - 102,550 At 31 May 2021 943,248 105,797 DEPRECIATION At 1 June 2020 - - Charge for year - - At 31 May 2021 - - NET BOOK VALUE At 31 May 2021 943,248 105,797 At 31 May 2020 943,248 3,247 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accrued expenses |
Fixtures and fittings £ 1,050 1,440 2,490 654 275 929 1,561 396 2021 £ 27,565 3,584 31,149 2021 £ 3,509 288 - 480 4,277 |
Totals £ 947,545 103,990 |
Totals £ 947,545 103,990 |
|
|---|---|---|---|---|
| 1,051,535 | ||||
| 654 275 |
||||
| 929 | ||||
| 1,050,606 | ||||
| 946,891 | ||||
| 2020 £ 10,139 3,414 |
||||
| 13,553 | ||||
| 2020 £ 1,393 440 21,650 480 |
||||
| 23,963 |
continued...
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NOORANI EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE YEAR | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Other loans (see note 13) | 539,802 | 427,802 | ||
| 13. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Amounts falling due in more than five years: | ||||
| Repayable otherwise than by instalments: | ||||
| Long Term Loans | 539,802 | 427,802 | ||
| 14. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/6/20 | in funds | 31/5/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 541,119 | 254,715 | 795,834 | |
| TOTAL FUNDS | 541,119 | 254,715 | 795,834 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 304,572 | (49,857) | 254,715 | |
| TOTAL FUNDS | 304,572 | (49,857) | 254,715 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/6/19 | in funds | 31/5/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 533,011 | 8,108 | 541,119 | |
| TOTAL FUNDS | 533,011 | 8,108 | 541,119 |
continued...
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NOORANI EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 40,429 | (32,321) | 8,108 |
| TOTAL FUNDS | 40,429 | (32,321) | 8,108 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/6/19 £ 533,011 533,011 |
Net movement in funds £ 262,823 262,823 |
At 31/5/21 £ 795,834 |
|---|---|---|---|
| 795,834 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 345,001 345,001 |
Resources Movement expended in funds £ £ (82,178) 262,823 (82,178) 262,823 |
Resources Movement expended in funds £ £ (82,178) 262,823 (82,178) 262,823 |
|---|---|---|---|
| 262,823 |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2021.
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NOORANI EDUCATION CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other income Other receipts Total incoming resources EXPENDITURE Support costs Management Wages Rates and water Insurance Light and heat PPS Sundries Legal and Professional Repairs and Renewals Accountancy Donations Subscription Fixtures and fittings Total resources expended Net income |
2021 £ 271,685 29,535 3,311 304,531 41 304,572 18,028 4,285 2,462 2,672 290 55 8,380 12,560 622 - 228 275 49,857 49,857 254,715 |
2020 £ 36,692 1,641 2,096 |
|---|---|---|
| 40,429 - |
||
| 40,429 15,136 1,981 2,239 3,864 - - 5,763 2,538 530 200 - 70 |
||
| 32,321 | ||
| 32,321 | ||
| 8,108 |
This page does not form part of the statutory financial statements
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