REGISTERED COMPANY NUMBER.. 07803945 (Eiigland aiid Wales) REGISTERED CHARITY NUMBER.. 1171380 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR WALTHAM FOREI ST NOOR UL ISLAM Jayson & Co Chaitei'ed Certified Accountants & Registered Auditors 4 Blenheim Avenue Gant Hill Essex IG2 6JG
WALTHAM FOREI ST NOOR UL ISLAM CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEI AR LNDID 31 DECEMBER 2024 Page Repoi't of the Trustees I to12 Repoi't of tlie Independent A udi to i's 13to16 Statement of Financial Activities 17 Statement of Financial Position 18 to19 Statement of Cash Flows 20 Notes to the Statement of Cash Flows 21 Notes to the Financial Statements 22to34 Detailed Statement of Financial Activities 35to37
WALTHAM FOREST NOOR UL ISLAM RII PORT TO THEI TRUSTIEI S FOR THE YEI AR ENDED 31 DECEMBfR 2024 The ti'ustees who al'e also directoi's of the charity for the purposes of the Companies Act 2006, present thei r iepoit togethei. with the financial statements of the chai.ity for the year ended 31 Deceinbei 2024. The trustees have adopted the provisions of Accounting and Repoi'ting by Chai'ities: Statement of Recommended Pi'actice applicable to chai'ities pi'eparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ii'eland (FRS 102- effective I January 2019). Waltham Foi'est Noor Ul Islam (Noor Ul Islam) was previously registei'ed as a Charity under registi'ation number 1017780. Following the formation of the Waltham Forest Nooi. Ul Islam Company, the new company was iegistered as a charity (i'egistration 1171380). The organisation is also registered in England and Wales under Company n u m b e r 07803945. Tlll'oughout the history of Noor Ul Islam, various services and activities have been run and held in ordei. to meet oui objectives and SUPPOL't the local community. Dii'cctoi's (Trustees) give due regard to the Chai'ity Commission guidance on 'Public Benefit,. Through the promotion of good quality education and supporting the advancement of Islam, we have been abl¢ to demonsti'ate how Muslims improve the lives of those in the UK. Interfaith events and co- opeiation with the local authority, policc and other public bodies have resulted in improvements in the quality of livcs for those living close by and those furthei afield. The Organisation decides on which services to provide based on its knowledge and expeiience of woi'king in the community, by evaluating past services and by consulting with usei's and other stakelioldeis.
WALTHAM FOREST NOOR UL ISLAM REPORT TO THE TRUSTEEI S FOR THEI YEI AR ENDLI D 31 DLI C£1 MBfi R 2024 OBJEI CTIVES ANDACTIVITIES Objectives and Aims The promotion of good quality ediication coiitinues to be the niain aini and obj ective of the Noor Ul Islam. Following doiiations that it received, Noor Ul Islam continues to piovide an inci'easing niimber of sei'vices. By offering good education, it is felt that this lielps the community to be rnoi'e employable and theiefoi'e contributes to the reducing local poverty. The Organisation also aims to promote a united community. Following local incidents and WOL'ldwide events, Nooi. Ul Islam Its coiidemnatioii of hate crimcs and has in place specific checks to ensure external speakers at Nooi Ul Islam ale propei'ly vetted. The following al'e some of the activiti¢s/seivices provided by Noor Ul Islam: Full Time Aalimiyyah class - Graduating female Scho[s in Islamic Theology Advisory and inforination seivice Health pi'omotion and advice Tea clubs- 'Cliai aiid Chat, sessions Regul. clotlies collection Youth get-togethers via the Youth Progi'am such as 'Faji' Knights, School visÉts to the Mosque Life Saving fiist aid session Macmillan Coffee Moinings Full time Islamic Pi'imary School Full time Pre School Qui'aii classes foi womeii Regulai. tall<s and conferences Regulai. players in congLEgation including anaiiging foi guest Imams for Jummuah players Zakaat collection and distribiitioii seivice 21 P agj e
WALTHAM FOREST NOOR UL ISLAM REPORT TO THE TRUST£4 ES FOR THE YEAR EINDED 31 DLI CEMBER 2024 Significant Activities NOOR UL ISLAM PROJECTS: Below is a list of soine of the pi'oject and d¢paitments i'un at Noor Ul Islam. (l) Aalimiyyah Department Nooi. Ul Islam Aalimiyyah depaitment i'uns classes aimed at teaching Muslim women 'Islamic Theology,. This is a five-yeai. coui'se and is one of the few available in the area wheie couises, at this level, are taught. (2) Funeral services Nooi. Ul Islam had to temporarily stop providing funeral seivice facilities. Howevei., we continue to work with othei. funeral directoi's and Mosques tlius facilitating our congi'egation to make use thei'eof, if needed. (3) Ivladrassa The Inspire Madrassa, which is also part of Nooi. Ul Islam, holds after-school classes where Quran and Islamic studies are taught. Thei'e are two Madrassa sessions held at Nooi Ul Islam. The weekday Madrassa iuns from Monday to Friday from 4:40pm to 6:40pm. The Saturday Madrassa session runs from l 0.00 am to 12:30pm. Madi'assa also runs a 'Hifdh' class (Quran memoi'isation) from Monday to Friday fi'om 4..30pm to 7.00pm. (4) Mosque This is where the five daily regular prayers, including the main Friday congregational prayer and the prayers for Eid Ul Fitr and Eid Ul Adha take plac¢. Dui'ing the construction of th¢ new building, prayers are being held in temporary facilities. Sei'mons and talks given are in English to ensure that this is undei'stood by cvei"yonc. (S) Pre-school The Noor Ul Islam Pi'e-school continues to piovide a bright and healthy environment for the young children aged three to five years old. (6) Primary School Noor Ul Islam Pi'imary School keeps on providing good quality education to boys and girls aged 4 to I l. Project Rebuild Sinc¢ 2014, Noor Ul Islam has embarked on the construction of a new complex that will house more services and provide state of the arts facilities. This new building with its state-of-the-art facilitics will house more services all 'Under one roof and this will enable the Organisation to meet its objectives in improving the quality of seivice piovided to the local Community. The consti'uction is superviscd by the Pi'oject Managei, Kempton Smith Limited, who holds weekly meetings with the supply chain partners including the Architect, main Conts"actoi'. M & E COnsultlt and othei. Subcontractors. The Project Manager regulai'ly meets with the Chaii'man to brief him about the progi'ess of work and piovides feedback and advice wlienevei requested. The public are also kept infomed of the woi'k progress via announcements in the Mosque and both the website and social media pages of Noor Ul Islam. Public Benefit Nooi. Ul Islam provides Welfe, social and educational services to the local community. It works with othei foiward-thinking organisation in order to pi'ovide better services foi. the community to benefit fi'om.
WALTHAM FOREI ST NOOR UL ISLAM REPORT TO THI TRUSTli [1 S FOR THE YEAR ENDED 31 DECEMBER 2024 Strategy Short Term The Dii'ectois (Ti'ustees) ensul'e that NooL' Ul Islam contiiiues to sei've the local coniniunity wliilst providing the same siistainable high-level staiidai'd of selvices. Long Term The new building and the facilities to be provided theiein, will undoubtedly conti'ibute to bi'inging people, of all faiths, of the coinniiinity togetliei.. Volunteers After going tEu'ough a thoi'ougli checking process, successful volunteei's are inducted into the Oi'ganisation. It is woith noting that the Oi'ganisation has been constaiitly transfoirned tEll'ough tlie work of its volunteers. Aieas of lielp by volunteei's incliide stewards at eveiits siich as the Suniinei. Fete, Chai'Éty Dinner and Iielp with fundraising and suppoitiiig staff and Trustees duiiiig the i'egulai. pi'ayeis. Achievements and performance during the year: Some of the activities and events held by Nooi Ul Islam in 2024 are listed below. These events have enabled the Organisation to achieve its various objectives, including the continued enhancing of the name of Nooi. Ul Islam both locally and nationally, the pioviding of ediication foi. childi'en, the pi'omoting of Islam including the sts'engthening ties within the commiinity and developing interfaith L'elations. (l) Clothes Collections In association with 'Islamic Relief , Nooi. Ul Islam oi'ganises clothes collections throughout the year. These donated items are then sold at the vaiious charity shops of 'lslamic Relief and the pi'oceeds therefi'om eai'mai'ked for tliose in need. (2) Dinner event Nooi. Ul Islam held its annual Chaiity Dinnei. in January 2024. The main objective of this event was to show to the public the vai'ious achievements of tlie Chai'ity and also pi'ovidc an ideal oppoi'tunity foi. fund iaising cai'mai'ked towai'ds the consts'uctioii of the new buildiiig. (3) Health In association with a local Medical Practice, sessions wei'e oiganised whereby blood tests, flu Jabs and health advice wei'e made available. (4) Food sale day This event was organised in order to iaise funds foi. our emergency appeals. All ieceipts arising from the sale of food were then doiiated to the poor and needy. (5) Tea Club Noor Ul Islam continued to hold foitnightly tea clubs foi. brothel's over 60. Tliese sessions are designed to provide a platform to bi'othei's to shale theii thoughts and life experiences. 4 | PÉ1LY e
WALTHAM FOREI ST NOOR UL ISLAM REPORT TO THE TRUSTEEI S FOR THEI YEAR ENDED 31 DECEMBER 2024 (6) Summer Fete The annual Summer Fete weekend took place in July 2024 at the Geoi'ge Monoux College grounds in Walthamstow. This event served as a place whei'e friends and family got togcthcr. The Summei Fete was organised to provide entertainment foi. both thc young genei'ation, such as rides for young children, while food stalls, garment stalls and peifume stalls were set up for adults to visit. (7) Talks In association with Macmillan Cancer Support, a coffee moming for women was held in October. Fundraising Activities Approach to Fundraising Donors to Noor Ul Islam can be assui'ed that Noor Ul Islam complies with the iegulatoiy standards for fundraising. As well as being a registei'ed Chai'ity, we are also registered with the Fundraising Regulator and, as such, are committed to the Fundraising Promise and the Code of Fundraising Practice. In order to run Noor Ul Islam, we rely heavily on donations. Primary School and Madi'assa are self- financed by way of school/sessions fees and any SUL'pluses arising from these depaitments are eam]ai'ked foi. the impi'ovement of the services provided. The Pre-school receives funding from the local authority. Project Rebuild (theproject to build newpremises) is wholly financed through fundraising and donations. By registei'ing with the Fundralsing Regulatoi, we comply with all the relevant standards set out in them Code of Fundraising Practice. We do not use thii'd-party groups for fundi'aising as this is all done in-house. We have safeguards in place where volunteers help us to protect our suppoiters and the reputation of our ch'[tY. Our complaints policy explains how an individual can complain. We ieceived no complaints related to fundiaising in 2024. In line with the ' Complaints Policy,, any fundraising complaints will be responded to within 21 days. Any sci'ious complaints are then escalated to the Trustees who will attend to these. We report to the Fundraising Regulator on the totality of oui. complaints when requested. Commercial participatorslProfessional fundraisers At Noor Ul Islarn, no professional fundraisei's are used. Where working staff are involved in fundi'aising events, thi'ough theii. paid roles, this is made clear to suppoiters.
WALTHAM FOREI ST NOOR UL ISLAM REI PORT TO THEI TRUSTEEI S FOR THE YEAR ENDED 31 DECEMBER 2024 Protecting the Public Well established procedui'es aiid policies to pi'otect viilneiable people are in place. FundiaiseiE (staff and volunteers) fni11 with the Code of Condiict, and they ensuie that the Code is abided by at all times. The Oi'ganisation appioaclies iEgular Woi'shippeis, Usei's and P.elitslCa1'erS of pupils to support the fundiaising effoi'ts. An email list has also beeii compiled, ld, whenevei. emails are sent to the people on this list (using Mail Chiinp), each pel'son is given the option to unsubsci'ibe, In 2018, with the advent of GDPR, individuals must explicitly agi'ee to join oui. mailing list. Announcements al'e also made to the congi'egation as to what to ¢xpect fi'om local fundraisers. Individual voliinteei fundi'aisers are vetted and i'efei'ences obtained. If a peison is accepted as a volunteei, a photogi'aphic ID card is issued to the newly appointed volunteer to enable hiin/liei' to fundraise for a fixed peiiod. An official Nooi. Ul Islam i'eceipt book, wliich lias beeii pi'opei'ly recoi'ded, is also piovided so tliat the doiioi. has a proper i'eceipt for his/hei' doiiations. At the end of that pei'iod, the receipt boolcs ale retiimed together witli donations collected thiis enabling the recoiiciliation of donated amounts. Volunteeis bi'iefed about tlie policies and procedui'es of the organisatioii are, and it is pointed out to tliem to eiisiwe that iio one sliould feel piessured iiito giving money. Volunteeis and staff are told that it is not acceptable to have an unreasonable intt'usion on a person's privacy oi to Lise ui]reasoiiably persistent inethods to receive a donation. Any undue presswe on a peison to give a donation (of money oi. othei. pi'opeity) is not peiinitted. Financial Review Financial Position The Financial Statements that follow relates to Nooi. Ul Islam foi the year to 31 st Decembei 2024. Oiice these financial statemeiits al'e appi'oved and signed, tliesc financial statenients will then be filed with both the Cliai'ity Commissioii and Companies Hous¢. Tlie financial statements will also be made available on the website of NooL' Ul Islam and will be displayed pi'ornineiitly at the Head Office, Hai'd copies may also be obtained upon written requests. Reserve Policy The Trustees monitoi the reserves of the Chai'ity on a iegiilar basis. The Cliaiity aims to maintain tkn'ee months of overheads as tlie reserves. Tliis ainoiints to £500,000. At tlie yeai end, the charity had £1,185,615 in geneial iEserves excluding resti'icted funds. As at 31 December 2024, intei'cst-free loans, pi'ovided by the community, aniount to £4.67m. These loans, which are made foi specific time peiiods, are i'epayable ovei. a pei'iod of time ld do not affect the liqiiidity of the Cliarity. Financial Review The Finaiicial Statements al'e set out on the following pages, The Finalicial Statements have been pi'epar¢d in accoidance with the ch'itIeS SORPS (FRS 102) "Accouiiting and Repoi'tiiig by charities: ' Statement of Recoinmended Piactice, applicable in the UK ]d Republic of Irelaiid and the Companies Act 2006. The financial stateinents have been pi'epai'ed uiidei the Iiistoi'ical cost convcntioii. The total funding received in the period amoiinted to £2,582,872. The total L'esources expended weie £2,010,35 5. The total funds caiiied foi'waid as at 31 St December 2024 wei'e £7,772,009. of wliich £6,586,394. were i'esti'icted and £1,185,615. weLE unrestt'icted.
WALTHAM FORE4 ST NOOR UL ISLAM REI PORT TO THI TRUSTII S FOR THE YEAR ENDID 31 DEI CEMBER 2024 Future Plans The main aim of Noor Ul Islam is to complete the construction of the new building. This building is designed to pi'ovide 'a one-stop location, wliere facilities, to meet the needs of the whole community, will be madc both available and accessible. However, with rising costs and the difficult economic conditions that continue to prevail and al'e expected to last for some mole time, thei'e have been unavoidable delays in the completion date. The situation is continuously monitored and the plan of action, i'elating to the completion of the new building, is continuously being i'eassessed and reviewed accordingly by the professionals involved in the consti'uction of thc building, and the Tiustees. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Ch'[ty is a company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees The Trustees, who are i'esponsible for the management and administration of the Charity, al'e listed on page l O of this repoit. The Board of Trustees include four office Beaiei's.. Chaiiman, Assistant Chaiiman, Secretary and Ti'easurer. Ti'ustees are nominated and appointed by the Board of Trustees. To be eligible for trusteeship, the Board of Trustees will look foi. those people with a wide range of experience in their own fields and who are dedicated and regullY attend events and functions organised by the Organisation. Trustees are valuable assets for the Charity because they bring a wealth of experience and knowlcdge of community and chai'ity work. They also act as watchdogs over the activities of the Charity and provide constructive advic¢. Any individual nominated to become a Tiustee is invited to attend the BO.d of Trustces meetings as an observer. They are then intioduced to existing Tiustees and are given an opportunity to aslc infoi'mation about the chai'ity activities, its aims and objcctives. When assessing a potential candidate foi. the role of Trustee, the Boaid of Trustees will give due considei'ation to the pei'son's eligibility to sei've, the skills that the person will bring, his/her personal competence and expei'ience and specialist knowledge of the potential new Trustee. Prior to conflrmation of the position of Trustees oi. Governors, a Disclosure and Bari'ing Seivice (DBS) check is cari'ied out in ordei. to vet the potential candidate. Nominated Trustees are made awaiE of their duties and responsibilities as Ti'ustees of a Charity under the Charities Act. They assist on projects and activities, run by Nooi Ul Islam, and are given a task to deal with on theii. own. Their pcrforniance is i'egulai'ly monitoied, via evaluations and Q & A sessions, cai'i'icd out by othei. fellow Trustees. School governors are delegated a certain amount of authority to run the Pi.1mY School. The Board of Govei'nors meets on a i'egul. basis. It ensui'cs that pi'oper rules and policies, which al'e in accordance with the policies set out by the Department of EducatioT), are in place and implemented. They then L'eport back to the Board of Trustees. Govei'nors aiE appointed in a simil. way to Trustces, with a peiiod of induction given to allow the Board of Govei'nors to ascertain wh¢th¢r the individual is suitable or not. Pai'ent Govei'nors are also appointed in a similar manner.
WALTHAM FORLI ST NOOR UL ISLAM REPORT TO THE TRUSTE4 [1 S FOR THL Yll AR ENDED 31 DECEMBER 2024 Structure, Governance & Management The Organisation Waltham Foi'est Nooi. Ul Islam was established iii 1990 as a place of worship and latei expanded in its activities which now catei for the iieeds of tlie Muslims and othei's iii the viciiiity. It becaine a Registei'ed Chai'Èty in 1993. Its main departments cui'rently compi'ise of a MosqLie, Pie-school, Piimai'y School, Madi'assa, an Aalimiyyali departnieiit (sy'adiicitingfen7ale scholars in Islaniic Theology) ]d a Women's Gi'oup. The Organisatioii is govci'ned by its Aiticles of Association wliich set out its ainis aiid iiiles. The Board of DiiectOL'S (Trustees) is ultimately iesponsible for Noor Ul Islani as a whole, The day-to- day i'esponsibilities are then delegated to Managers and other staff of the different depaitineiits within the Oiganisation. Key Personnel The B0d of Diiectors talce an active rol¢ in the majoi decisions of tlie organisatioii. At regular meetings, Directois will, directly or indii'ectly, discuss and involve themselves iii some aieas of tlie vai'ious deptMentS to ensllle that Nooi. Ul Islam is opei'ating efficiently and effectively. Evely Head of Depaitment will plan, organises, and manage his/her respcctivc depaitment and report back to their sub-comniittees/Boaid. Management and staff The management of the OIEanisation is the iespoiisibility of the Trustees who meet foi'mally, at least six times a year. The day-to-day management of diffci'ent depaitinents, such as the Head Office, Pie-scliool, PriMY School, Madrassa and Aalimiyyah classes is then delegated to the i'espective Managei's IHeadteachei' who, in tuin, ale suppoited by admiiiistrative staff, teachei's and Senioi Leadeiship Team as is the case in the PlimY school. The Pi'imary School Headteacher attends both the regul. meetings of the Boaid of Governoi's and the meetings of the vaiious Sub-committees. Mr Aslam Hansa is the Opeiations Manager at the Head Office. Aslam is the son of Mi. Yusuf Hansa who is the Chaii'man of Walthani Forest Noor Ul Islani. Mi. Ameen Musbally is the Finlce Managei at Noor Ul Islam. Mrs Hawa Hansa is the Manager of the PL'e-Scliool. Hei. hiisband, Ubaid Haiisa, is a Tiiistee. Mr Ubaid Hansa does not paiticipate in discussions and decisions at the Ti'ustees, meetings, which relate to affaiis of the Pre- school. Mr Hussain Shefaar is the H¢ad Teachei. at Nooi Ul Islam Priniaiy School. Mi. Umaii Hussain is the Manager of the Aalimiyyah departmeiit. All Trustees have independent access to staff, iiicluding those menibci's of staff who ale related to Trustees. Remuneration for key peisoniiel staff and the Primaiy School Head Teacher ale based on pei'foimance mlagement rcviews by the BoLlld of Trustees.
WALTHAM FOREST NOOR UL ISLAM REI PORT TO THE TRUSTE4 El S FOR THEI YEAR ENDED 31 DICLMBER 2024 Finance Tlie finaiices of the organisation are disciissed at meetings of the Board of Trustees. The Organisation also has an Anti-money Laui)dei'ing Policy. All Tiustees have been made aware of the guidance of the Chlty Comniission on 'Public Benefit,. The Board eiisui'es that Noor Ul Islam is fully compliant with the guidelines of the Charity Commission befoie deciding on activities to be undei'taken. Income raised from the activities of the Oi'ganisation is usually used to covei at least part of their iunning cost. Gencral iunning costs arc financed through donations and fundi'aising events. The Pre School. Pi'imary School and Madi'assa genei'ate their own income which al'e used to finance their activities. Barclays Bank PIC is the main Bank of the Oiganisation. STRUCTIURE, GOVERNANCE AND MANAGEMENT Connected Charities and organisation Below is the list of some of charity oi'ganisation and establishments with which Noor Ul Islam has a good woi'king relationship and regul'1Y collaboi'ates with: Action foi. Humanity Al-Huda UK British Islamic Medical Association (BIMA) Human Relief Foundation Islam Channel and Islam Channel Urdu Islamic Relief Lantem of Knowledge School Leyton Oi'ient Community Gi'oup Leyton Sixth Form College Local Members of Pai'liament London Boiough of Waltham Forest Council and its Councilors Macmillan Cancer Suppoit M¢ti'opolitan Police Muslim Aid Muslim Chai'ity Muslim Council of Britain Waltharn Foi'est Council of Mosques Whipps Cross University Hospital Wood grange Medical Centre Risk Assessment Possible i'isks facing the whole organisation al'e discussed in the Ti'ustees, meetings. Systcms al'e legul.[Y ieviewed and updated, as and when W.ranted, in ordei to dimiiiish and mitigate identified i'isks as identified by internal control systems. Whei'e events, beyond the control or anticipation of the Tiustees occur, meetings are held to discuss how to mitigate the risks, thus ensuring Noor Ul Islam continues to function effectively. The Ti'ustees also recognise the need to maintain the financial independence of the Charity and continue to develop income sti'ategics to ensuiE the continuous financial stability of the Charity in the foi'eseeable futui'e. 91Pag?e
WALTHAM FORLI ST INOOR UL ISLAM REPORT TO THL TRUSTEI Ei S FOR THLI YEI AR ENDED 31 Dll CIMBER 2024 REFERENCE AND ADMINISTRATIVf Dli TAILS Registered Company Number 07803945 (Englaiid aiid Wales) Registered Charity Number 1171380 Registered Office 711-715 High Road, Leyton, London EIO SAB Board of Trustees Trustees Mi Yusuf Hansa - Chairnian Mi. Ubaid Hansa- Secietary Mi Reshad Joomuii - Treasui'er Mi. Hossen Gogah - Executive Menib¢i' Mi. Umai. Haiisa - Execiitive Membei. Mi. Muliammad Haioon Khaii-Executive Membei. (Appoiiited l O May 2024) Mi. Shariff Jenneth- Hussain- Execiitive Member (Resigned l O May 2024) Mr Hassan Jamal I(han-Executive Membei, (Appointed 28 Februaiy 2025) Heads of Departments Head Iinam-sliaykh Yousuf Patel Aaliiniyyah Depaitnient- Mi. Umair Hussain Inspii'e Madrassa - Mi. Zafai. Syed Operations Managei (at ihe Head Office) - Mi. Aslam Hansa Finaiice Manager - Mi. Ameeii Miisbally Pi'e-school Manager - Mi's Hawa Haiisa Primary School Headteacliei - Mi. Hussain Shefaar Auditors Jayson & Co. Chaitei'ed Cei'tified Accountants & Registered Auditoi's 4 Blenheim Avenue Gants Hill Ilfoi'd Essex IG2 6JGY Solicitors Tlie Oi'ganisation, when required, seeks legal advice fiom Whitefield's Solicitoi's (384-388, Hoe Street, London E17 9AA). ACAS and NCVO (National Councilfoi. Voluntaiy Oiganisation) will also be consulted on issues on an ad-hoc basis. Nooi Ul Islam has also contracted the services of 'Peninsula' for the pi'ovision of employment advice. Consultation Team for construction of new building Architects Ateliei U W A Aichitects Office 3 679-691, High Road Leyton Loiidon El 0 6RA 101 e
WALTHAM FOREST NOOR UL ISLAM REI PORT TO THE TRUSTEI ES FOR THI YEAR ENDED 31 DECLMBER 2024 urve Kempton Smith 1st Flooi. Noith Stables 138, Kingsland Road London E2 8DY ADMINISTRATIVE DETAILS 711-715 High Road Leyton London EIO SAB re- cho 717-723 High Road Leyton London EIO SAB alimi nt and Ma Prima 135 Dawlish Road Lcyton London EIO 6QW STATLMEI NT OF TRUSTEES, RESPONSIBILITIII S The Trustees (who for, the purposes of Company Law, are Lilso the Directors of Waltham Foresi Noor Ul Islam) are responsible for the preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and both the United Kingdom Accounting standai.ds (United Kingdom Generally Accepled Accounling Pi"actice-UK GAAP) and Financial Reporting Standard 102 (The Financial Reporting Siandard applicable in the UK and Republic oflreland). Company Law requii'es the Tiustees 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 I'esoui"ces and Lipplicalion of resources) including the Statement of Financial Activities. In preparing those Financial Statements, the Trustees arc i'equired to.. Select suitable accounting policies and then apply them consistently. Observe the methods and principlcs in the Charity SORP. Make judgements and estimates that are ieasonable and prudent. State whether applicable accounting stand'dS have been followed subject to any matei'ial departures disclosed and explained in the financial statements. Prepare the financial statcments on a going concerning basis The Trustees are responsible for keeping proper accounting records which disclose with rcasonable accuracy, at any time, the financial position of the charitable company. These records allow them to ensure that the Financial Statements comply with the Companies Act 2006. Trustees are also iesponsible foi. safeguarding the assets of the charitable company and for taking reasonable steps for the pievention and detection of fraud and othei. irregulai'ities. In so far as the Ti'ustees are aware: Thei'e is no relevant audit infomiation which the Auditor is unaware of and The Trustees have taken all steps that they ought to have taken in older to be aware of any relevant audit information and, by doing so, ascertain that the Auditoi. is aware of any such relcvant information.
WALTHAM FOREI ST NOOR UL ISLAM REI PORT TO THI TRUSTEI ES FOR THE YEAR NDED 31 DECEMBER 2024 AUDITORS Jaysoii & Co.- Cliaitei'ed Ceitificd Accoiintants & Registered Auditoi's, the ciii'lElIt auditoi., will be pi'oposed foi. i'eappointinent at the foitlicoiniiig Aniiiial Genel'al Mccting. Tlie i'eport of the Ti'ustees, incoi'porating a sti'at¢gic i'epoit, was appi'oved by the Boai'd of Ti'iiste¢s/ Coinpany Directoi's on 15tli Septemb¢i' 2025 aiid signed on behalf of tlic Boai'd of Trustees by: TrusteelDii'e rector 121Page
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WALTHAM fioREST NOOR UL ISLAM Opinion We have audited the financial statements of Waltham Forest Nooi Ul Islain (the 'chai'itable company,) foi. the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to tlie financial stateinents, including a s umm ai'y of significant accounting policies. The financial i'epoiting framewoik that has been applied in their prepai'ation is applicable law and United Kingdom Accounting Standai'ds (United Kingdom Geneially Accepted Accounting Practice), including Financial Repoi'ting Standard 102 'The Financial Reporting Standai'd applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a tt'ue and fair view of the state of the charitable company's affaii's as of 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, foi. the year then ended. have been properly prepared in accordance with United KingdoTn Generally Accepted Accounting Practice, including Financial Repoi'ting Standai'd 102 'The Financial Repolting Standai'd applicable in the UK and Republic of li'eland and have been preped in accoidance with the i'equirements of the Companies Act 2006. Basis for opinion We conducted our audit in accoi'dance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities undei those standards are fui'ther desci'ibcd in the Auditors, responsibilities foi the audit of the financial statements section of oui. i'cpoit. We are independent of a charitable company in accordancc with the ethical requirements that al'e relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our othei. ethical responsibilities in accoidance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concein basis of accounting in the prep.atIon of the financial statements is appropiiate. Based on the work we have pei'foi'med, we have not identified any mateiial uncertainties relating to events oi. conditions that, individually oi. collectively, may cast significant doubt on the charitable company's ability to continue as a going concern foi a pei'iod of at least twelve months from when the financial statements ale authorised for issue. Our responsibilities and thc i'esponsibilities of the trustees with respect to going concem are desciibed in th¢ relevant sections of this report. Other information The trustees are responsible for the other information, The other inforniation compi'ises the information included in the Annual Report, othei than the financial statements and our Repoi't of the Independent AuditOL'S thei'eon. 13 | Pag7e
REPORT OF THE INDII PENDENT AUDITORS TO THE TRUSTECI S OF WALTHAM FOREI ST NOOR UL ISLAM Our opinion on the finaiicial statements does not covei the othei infoiniation and, except to the extent otheiwise explicitly stated in oui. ieport, we do not expiess any foiin of assurance conclusion diei'eoii. In coniiection with oui. audit of the financial statemeiits, our iespoiisibility is to read the other infoi'mation and, in doiiig so, considei. whethei. tlie othei. infoi'mation is mateiially inconsistent with the financial statements or oui. l(nowEedge obtained in the audit oi. othci'wisc appears to be matei'ially misstated. If we identify such matei'ial inconsistencies OL. appent mateiial misstatements, we ale requiied to determine whether this gives i'is¢ to a matei'ial misstatenieiit in the financial statements themselves. If, based on t h e work we have pei'foi'med, we conclude that thei'e is a matei.ial misstatement of this otliei. inforniation, we al'e L'equiied to iepoit that fact. We have nothing to ieport on in this iegard Matters on Ivhieh we are required to report by exception We have nothing to report in iespect of the following mattels where the Chai'ities (Accounts ]d Repoi'ts) Regulations 2008 requiies us to i'epoit to you if, in Ol opinion: the information giveii in the Repoit of the Ti'ustees is inconsistent iii any mateiial iespect with the financial statements. or the charitable company lias not Icept adequate accouiitiiig i'ecords. oi tlie finaiicial statements are not in agreement with the accounting L'ecoids and retiirns. oi we have not ieceived all the Ènfol'mation and explanations we ieqiiii'e foi. oui. audit. Responsibilities of trustees As explained more fully in the Statement of Ti'ustees, Responsibilities, the trustees (who are also the dii'ectors of the charitable company for the puiposes of company law) are responsible foi. the pi'epai'ation of the financial statements and for being satisfied that they give a tiue and fair view, and foi such intei'nal control as the ts'ustees deteimine is necessai'y to enable the plepatIOn of financial statements that are flee fiom material misstatement, whethei. due to fraud oi erior. In prepai'ing tlie financial statements, the ti'ustees are iesponsible foi assessing the chaiitable company, s ability to continue as a going concern, disclosiiig, as applicable, Inattci's i'elated to going concei'n and using tlie goiiig concei'n basis of accounting unless the ti'ustees eitliei. iiitend to liquidate the c11'1tablc conipany oi to cease opei'ations, oi. Iiave no i'ealistic alteriiative but to do so Our responsibilities for the audit of the financial statements We have been appointed as auditoi's undei. Section 144 of the Chaiities Act 2011 aiid i'eport in accoi dance witli the Act and ielcvant iegulations niade oi. having effect thereundei. Our obj ectives are to obtain reasonable assu1.]ce about whether the financial statements as a whole are fi ee from material misstatement, wliethei. due to fraud or eri'oi, and to issue a Report of the Independent Auditors that incliides oui opiiiion. Reasonable asSance is a high level of assui'ance, but it is not guanteed that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it ex i sts. Misstatements can arise fi'om fraud or erioi and considered mateiial if, individually oi. in the aggregate, they could ieasonably be expected to infiuence the economic decisions of users taken on the basis of th financial statements. The extent to which our pi'ocedures are capable of dctecting iiregulaiities, including fiaud, is detailed below:
REPORT OF THE INDEI P[4 NDEI NT AUDITORS TO THE TRUSTEES OF WALTHAM FORE< ST NOOR UL ISLAM Our approach to identifying and assessing the risks of material misstatement in respect of IegULaritIeS, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropi'iate competence, capabilities and skills to identify oi. i'ecognise non-complÉance with applicable laws and regulations. we identified the laws and regulations applicable to chai'ity through discussions with trustees and other management, and from our commercial knowledge and expeiience of the chai'ity sector. we focused on specific laws and regulations which we considei'ed may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charity's legislation, taxation legislation and data protection, anti-bribery, employment and health and safety legislation. we asscssed the extent of compliance with the laws and regulations identified above through making enquiries about management and inspecting legal correspondence. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instanc¢s of non-compliance throughout the audit, We assessed the susceptibility of the charity, s financial statements to material misstatement, including obtaining an undeistanding of how fraud might occur, by: making enquiries about management as to where they considered there was susceptibility to fraud, theii. knowledge of actual, suspected and alleged fraud. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: perfornied analytical pi'ocedures to identify any unusual or unexpected relationships. Tested journal entries to identify unusual transactions. assessed whether judgements and assumptions madc in determining the accounting estimates set out in note I were indicative of potential bias. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agi'eeing with financial statement disclosures to supporting documentation. reading the minutes of meetings of those charged with governance. enquiring about management as to actual and potential litigation and claims. and reviewing correspondence with HMRC, relevant i'egulatoi's including the Health and Safety Executive, and the
REI PORT OF THE INDEI PEI NDENT AUDITORS TO THE TRUSTEES OF WALTHAM FOREST NOOR UL ISLAM Charity's legal advisors Theie are inheieiit limitations in oui. audit piocediires described above. The more removed that laws and i'egulations ai'¢ renioved fi'om fiiiancial ti'ansactions, the less likely it is that we will become aW.e of non- compliance. Auditing standai'ds also limtt the audit pi'ocedures iequired to identify non-compliance with laws and regulations to enquiiies of the ti'ustees and other management and the inspection of regulatoi'y and legal conespondcnce, if any. Material misstatements that arise due to fraiid can be hai'der to detect than those that arise from en'or as they may involve deliberate concealment or collusion. A further description of our responsibilities foi the audit of the fEnancial statements is located on the Financial Reportiiig Council's website at www.frc.org.iik/auditorsresponsibilities. This description forms part of our Repoit for the Independent Auditors. Use of our report This i'eport is made solely to the charitable company's tiustees, as a body, in accordance with Part 4 of the Chaiities (Accounts and Repoits) Regulations 2008. Oui aiidit woik has been undertaken so that we might state to the charitable company's trustees those matters we are reqiiiied to state to them in an auditoi's, report and for no othei purpose. To the fullest extent permitted by law, we do not accept or assume iesponsibility to anyone other than the chai'itable company and the chai'itable company's tt'ustees as a body, for our audit work, foi this iepoit, or foi the opinions we have foi'med For and on behalf of Jayson & Co. Charteied Certified Accountants & Registei'ed Auditoi's Statutory Auditors Eligible to act as an auditor in tel'ms of Section 1212 of the Companies Act 2006 4 Blenheim Avenue Ilford Essex IG2 6JG Date: .15, September 2025 16 | Pa g) e
WALTHAM FOREST NOOR UL ISLAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Rcstricted funds funds Notes tNCOME AND ENDOWMENTS FROM Donatioiis and legacies 946,732 597,055 1,543,787 1,218,170 Charitable activities Scliool fees i'eceivablc Pre School Madrassa fees 773,450 2,538 112,418 773,450 30,474 112,418 763,540 32,333 106,829 27,936 Otlier cliai'itable activities Investment income 122,743 122,743 145,307 18 Total 1,957,881 624,991 2,582,872 2,266,197 EXPENDITURE ON Raising funds 130,988 149,925 280,913 286,923 Charitablc activities Pi'oject i'ebuild costs Pi'e Scliool Charity I'uiining costs Pi'imary school Madi'assa costs 26,976 261,393 1,290 26,976 261,513 591,534 730,478 118,941 51,719 210,406 558,919 692,200 3,904 120 590,244 730,478 118,941 Total 1,570,771 439,584 2,010,355 1,804,071 NET INCOME Transfers between funds 387,110 (49,238) 185,407 49,238 572,517 462,126 Net movement in funds 337,872 234,645 572,517 462,126 RECONCILIATION OF FUNDS Total funds bi'oiiglit foi'ward 847,743 6,351,749 7,199,492 6,737,366 TOTAL FUNDS CARRIED FORWARD alLo092492 Included in Donations and legacies is an ainount of £210,500 being 500/9 of the value of a flat donated during the year. The notes foi'm part of these financial statements
WALTHAM FOREST NOOR UL ISLAM STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 31.12.24 Total fund 31.12.23 Total funds Unrestiicted Restiicted fiinds funds Notes FIXED ASSEI TS Tangible assets 14 2,053,234 9,981,628 12,034,862 11,414,537 CURREINT ASSETS Stocks Debtoi's Cash at bank aiid iii Iiand 15 16 314,909 624,068 7,326 544,549 322,235 1,168,681 376,109 766,953 938,977 551,875 1,490,916 1,143,062 CREI DITORS Amoiiiits falling diie witliin oiie year 17 1,914J85 3,375,919 5,290,304 (5,208,107) NET CURRENT ASSETS (975,408) (2,824,044) (3,799,388) (4,065,045) CREDITORS Amoiints falliiig diie aftei. one year 17(i) 463,465 463,465 (150,000) NET ASSETS 1,077,826 6,694,119 7,772,009 7,199,492 FUNDS Uni'esti'icted fuiids R¢sti-ict¢d fuiids 19 1,185,615 6,586,394 847,743 6,351,749 TOTAL FUNDS 7,772,009 7,199,492 The cliaiitable company is entitled to exemption froni audit undei. Section 477 of the Act 2006 for the Ye ended 31 Decembei. 2024. ompanies The mcmbei's have not deposited notice pui'suant to Sectlon 476 of the Companies Act 2006 requiring ali audit of these financial statenients, The trustees acknowledge their responsibilities for (a) ensuring that the chaiitable company keeps accounting iecoids that comply with Sections 3 86 and 387 of the Companies Act 2006 and (b) pi'eparing firAancial statements which give a true and fail. view of the state of affaÈis of the charitable company as at the end of each financial yeai and of its siii'plus or deficit for each financial year in accoidance with the i'equiiements of Sections 394 and 395 and which otheiwise comply witli the iequii'ements of the Companies Act 2006 ielating to financial statements, so far as applicable to the Chitable company. The notes foi'in part of thes¢ financial statements continued... 18 | Pag? e
WALTHAM FOREST NOOR UL ISLAM STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 These financial statements have been audited undcr the requii'ements of Section 145 of the Charities Act 2011. The financial statements were approved by the B0d of Trustees and authorised for issue on 15 September 2025. and wei'¢ signcd on its behalf by: Trustee Trustee The notes form pait of these financial statements
WALTHAM FOREST NOOR UL ISLAM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Notes Cash flows from operating activities Casli generated fi'oin opei'ations 648,389 308,744 Net cash provided by operatlng activities 648,389 308,744 Cash flows from investing activities Plircliase of tangible fixed assets Sale of tangible fixed assets Iiiterest i'eceived (246,661) (428,825) (i) 18 Net cash used in investing activities (246,661) (428,808) Change in cash and cash equivalents in tlie i'epoi'ting period Cash and cash eqiiivalents at the beginning of tlie reporting pei'iod 401,728 (120,064) 766,953 887,017 Cash and cash equivalents at the end of tli¢ i-epoi'ting period 1.168,681 766,953 The notes form part of these financial statements 20IPage
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net income foi. the reporting period (as per the Statement of Financial Activities) Adjustments for: Depi'eciation charges Loss on disposal of fixed assets Int¢r¢st received Decrease in stocks Decrease in debtors Increase iii creditoi's 572,516 462,126 22,690 23,873 17,586 (18) 625 (29,014) (267,721) 82,197 72,273 Net cash pj'ovided by operations 648,389 308,744 ANALYSIS OF CHANGES IN NET FUNDS At 1/1124 Cash flow At 31112124 Net cash Cash at bank and in hand 766,953 401,728 1,168,681 Total 766,953 401,728 1,168,681 The notes foim part of these financial statements ,Ige
WALTHAM FOREST NOOR UL ISLAM NOTE FINANCAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES Basis on preparing the financial stateinellts The finaiicial statemeiits of the cliai'itable conipany, whicli is a public beiiefit entity undei. FRS 102, have been pi'epaied in accoi.dlce witli the Chaiities SORP (FltThS'Accounting and Reporting by Cliai'ities: Statenient of Recominended Practice applicable to chaiities pi'epai'ing their accounts in accoidance witli the Financial Reportiiig Staiidai'd applicable in the UK and Republic of Iieland (FRS 102) (effective l January 2019),, FinarAcial Repoiting Standai'd 102 'Tlie Financial Repoi'ting Standal'd applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finaiicial statemeiits have been piepai'ed linder tlic historical cost convention. Illcome All income is i'ecogiiised in the Statenieiit of Finaiicial Activities once the chaiity has entitlement to the funds, it is pi'obable that the incoine will be received, and the amouiit can be measured reliably. Voluiitaiy income is received by way of donations and gifts and is included in the Statement of Financial Activities wlieii trust is eiititled to the ieceipt, and the amouiit can be measiired w i t h ieasonable cei'tainty. Giants, from local council, al'e recognised in full in the Statement of Financial Activities in the yeai. in which they ale ieceived. The value of services provided by voliinteeis is difficult to put a mOnetY value on and thei'efore has not been included iii accoidance with the Chaiities SORP (FRS102). Fee Income is i'ecognised on a ieceivable basis. Donatioiis al'e recognised when they are received. Expenditure Liabilities ale i'ecogiiised as expenditui'e as sooii as tlieie is a legal oi. constiuctive obligation committing the charity to that expenditui'e, it is probable that a transfer of economic benefits will be iequiied in settlement, and the amount of the obligation cali be measuied i'eliably. Expenditure is accounted for on an acci'uals basis aiid has beeii classified uiider headiiigs that aggregate all costs i'elated to the category. Whei'e costs cannot be diiectly attributed to particiilar headings they have been allocated to activities on a basis consistent with the use of resouices. Governance costs Tlie chaiity recognises government grants i'clatiiig to the Coi'onaviiiis Biislness Intei'iuption S c h e m e on accriials basÈs. The grants are i'ecognised in the statenienl of financial activities ovei the period in which the Ch'itY iecognises the i'elated costs for whicli the 'ant is intended to compensate. Government assistance has also been extended by way of the provision of guarantees. Allocation and apportionment of costs The methods and principles for the allocation and appoitionment of all costs between the different activity categories of i'esouices set out above al'e based on the test of whether a cost directly contt'ibutes to the pai'ticulaL' ielated soui'ce of income. Siich ideiitifiable costs are appoi'tioned to the specific activity, whereas all other costs al'e allocated to suppoit costs of charitable activities. Resoui'ces expended include attributable VAT. a pi'opoition of which on the project iebuild is iecovei'able 221Page
WALTHAM FORESTNOOR UL ISLAM NOTES TO THE FtNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES- continued Tangible fixed assets Tangible fixed asscts are stated at historical cost less accumulated depi'eciation and any accumulated impairment losses. Histoi'ical cost includes expenditui'e that is directly atti'ibutablc to bi'inging t h e asset to the location and conditioii necessai'y foi. it to be capable of opei'ating in the mannei intended by management. Depreciation is provided at the following annual rates in order to write off cach asset over its estimated useful life. Freehold property - 20/0 on cost Poi'table building - l 00/0 on i'educing balance Plant and machinei'y - 25 % on cost The taxation The charity is exempt from coryoration tax on its charitable activities. Fund accounting Unrestricted funds can be used in accoi'dance with the charitable objectives at the disci'etion of the trustees. Restricted funds can only be used for particular restiicted puryioses within the obj ects of the chai'ity. Restrictions ai'ise when specified by the donoi. or when funds are iaised for paiticular restricted puiposes. Further explanation of the nature and pUoSe of each fund is included in the notes to the financial statements. Leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a sti'ai ght- line basis over the peiiod of the lease. Pension costs and other post-retirement benefits The chai'itable company opei'ates a defined contribution pension schemc. Contributions payable to the charitable company's pension scheme al'e charged to the Statemcnt of Financial Activities in the period to which they relate. Going Concern Interest free loans were obtained from various soui'ces. Also, the cui'i'ent assets are exceeded by the curi'ent liabilities as at the yeai. end. The Ti'ustees are confident that it has sufficient resources and support fi'om thc community to continue as a going concern. It is for these reasons that the accounts have been piepared on a going concerning basis. 231PagFe
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FTNANCIAL STATEMENTS - contiiiued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Gift aid Gi'ant fi'oin Local council Zakat Fiti'a Fidya and Qurbaiii Disast¢i' Appeals Project i'ebLiild Intci'est donations Incoine froiii Sadaqa 770,079 79,285 322,274 141,895 43,485 147,647 1,754 37,368 393,063 123,627 374,920 40,693 33,338 224,282 927 27,320 1,543,787 1,218,170 Gi'ants received, included iii the above, are as follows: 31.12.24 31.12.23 School 262,274 374,920 OTHER CHARITABLE ACTIVITIEI S 31.12.24 31.12.23 Siiminei. Fete Bazaar money and fuiidi'aising Cliai'ity diniiei. Arabic English and Aliiiiah Courses Nikaali & Wedding Scliool Trips Sales of iteins Otliei. Income 20,280 31,446 3,265 37,195 2,885 11,798 3,202 12,672 19,135 33,178 3,427 39,210 760 28,241 13,035 8,321 122,743 145,307 241Pclge
WALTFIAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT INCOME 31.12.24 31.12.23 Iiitei'est i'eceivable 18 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Registration and school fees Registration and school fees Madi'assa fees Scliool fees re¢eTvablc 773,450 763,540 Pi'e School Madrassa fees 30,474 112,418 32,333 106,829 916,342 902,702 RAISING FUNDS Raising donations and legacies 31.12.24 31.12.23 Zakat Fitra Fidya and Qurbani Disastei- Appeals Sadaqa expended Interest expended 107,134 48,272 118,745 51,826 52 4,423 159,829 170,623 Other trading activities 31.12.24 31.12.23 Purchases Support costs of schooling School ti'ips and spoits field Summ¢i' fete Chai'ity diniier and Eid paity Events cost Fiindraisiiig costs Books, Inagazines and calendrers Iftai. expeiises Mayyat (bui'ial) expenses 883 28,865 35,306 4,089 34,750 5,888 5,844 31,852 23,405 12,455 28,824 16,704 7,844 675 121,084 116,300 A%%re%ate amounts 280,913 286,923 251Pa
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - coiitiniied FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITABLE ACTIVITIEI S COSTS Siippoit costs (see note 8) Dii'ect Costs Totals Project Itbiiild costs Pre Scliool Cl)ai'ity I'linning costs Primai'y scliool Madi'assa costs 26,976 261,513 531,419 730,478 118,941 26,976 265,521 534,464 783,540 118,941 4,008 3,045 53,062 60,115 1,669,327 1,729,442 SUPPORT COSTS Govel'nance costs Management Fiiiance Othei. Totals Pi-oject i'ebiiild costs Pi'e Scliool Cliarity running costs Pi'iinai'y school Madi'assa costs 9,973 221,772 68,995 590,274 640 837 36 2,391 568 409 16,166 11,907 29,019 19,636 115,392 26,976 261,513 531,419 730,478 118,941 27,798 431,014 120,000 2,500 891,654 4,241 192,120 581,312 1,669,327 NEI T INCOME4 1(EXPEI NDITURE) Net iiicoinel(expenditure) is stated aftei. cliai-giiigl(ci'editing): 31.12.24 31.12.23 Depreciatioii - owned assets Hii'e of plaiit aiid Inacliiii¢iy Deficit oil disposal of fixed assets 22,690 15,236 23,873 3,090 17,586 37,926 44,549 261 Page
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. AUDITORS. RLI MUNERATION 31.12.24 31.12.23 Fccs payable to the cliai'ity's auditoi's and their associates foi. tlie audit of tlie charity's financial stateineiits 6,600 11. TRUSTEES, REMUNERATION AND BENEFITS There wei'e no trustees, remuncration oi. other beneflts for the year ended 31 Decembei. 2024 noi. for the year ended 31 Decembei. 2023. Trustees, expenses Theie were no trustees, expenses paid foi. the year ending 31 Dccembcr 2024 nor for the year ended 31 December 2023. 12. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social security costs Other pension costs 1,183,419 165,161 52,292 1,140,646 54,735 8,045 1,400,872 1,203,426 The average inonthly nuinbei- of cinployces dui'ing tlie ycar was as follows.. 31.12.24 32 40 25 31.12.23 32 40 25 Administration & Caretakci's Tcaching Iinain and Madi'assa teaclicrs 97 97 No employees received emoluments in excess of £60,000. The company consideL'S Its key management pei'sonnel to be ti'ustees. The trustees did not receive any benefits during the cui'i'ent oi. pi'evious yeai., 271Page
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - coiitinued FOR THE YEAR ENDED 31 DECEMBER 2024 13. COMPARATIVES FOR THE STATEMENT or FINANCIAL ACTIVITIEI S Uni'esti'icted Restricted fiinds funds Total ftinds INCOME AND ENDOWMEI NTS FROM Donations and lcgacics 696,418 521,752 1,218,170 Charitable activities activities Scliool fees rec¢ivabl¢ Pi-e Scliool Madrassa fees 763,540 1,890 106,829 763,540 32,333 106,829 30,443 Otliei. cliaritable activities Investinent income 140,104 18 5,203 145,307 18 Total 1,708,799 557,398 2,266,197 EXPENDITURE ON Raisiiig fLinds 109,687 177,236 286,923 Chai-itablc activities Pi'oj¢ct i-cbiiild costs Pi'e Scliool Cliai'ity riinning costs Primary school Madrassa costs 51,719 209,873 3,516 51,719 25 0,406 558,919 692,200 3,904 533 555,403 692,200 3,904 Total 1,361,727 442,344 1,804,071 NET INCOME Ti'ansfei's bctween funds 347,072 (152,223) 115,054 152,223 462,l26 Net inovement in funds 194,849 RECONCILIATION OF FUNDS Total fiinds bi'ouglit forward 652,894 6,084,472 6,737,366 TOTAL FUNDS CARRIED FORWARD 847,743 6,351,749 7,199,492 281 Pase
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - coiitinued FOR THE YEAR ENDED 31 DECEMBER 2024 14. TANGIBLE FIXED ASSEI TS Fieehold propeity Portable building Plant and machiiiery Totals COST At l Januai'y 2024 Additions Disposals 11,512,314 594,985 123,241 90,634 48,030 11,726,189 643,015 At 31 December 2024 12,107,299 123,241 138,664 12,369,204 DEIPRECIATION At l Janiiai'y 2024 Cliai'ge foi. year Eliininated on disposal 171,755 8,690 82,681 4,056 57,216 9,944 311,652 22,690 At 31 December 2024 180,445 86,737 67,160 334,342 NET BOOK VALUE At 31 Decembei" 2024 11,926,854 36,504 71,504 12,034,862 At 31 December 2023 11,340,559 40,560 33,418 11,414,537 Included in freehold pi'operty is freeliold land of £4,644,108 (2022-3.. £4,644,108) which is not depi'eciated. Included in freehold propeity is a building under construction at £7,252,691 (2023.. £6,868,206). 15. STOCKS 31.12.24 31.12.23 Stocks 16. DEI BTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors Other debtoi's Prepayments 303,869 340,246 17,687 18,176 18,366 322,235 376,109 291Page
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - coiitinued FOR THE YEAR ENDED 31 DECEMBER 2024 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Social seciii'ity aiid othei- taxes Otli¢i- cirditoi's Kai'se Hasana Loans Accriicd expenses Defei'i'ed liicome 16,325 3,151 4,686,381 131,171 453,276 15,928 2,310 4,650,397 102,652 436,820 5 290 304 5208 107 Karse Hasana Loans are intei'est fee loans pi'ovided by tlie Community 17 (i) CREDITORS: AMOUNTS FALLING DUE AFTEI R ONE YEAR Loaii from Adain Holdings Ltd 463 465 150000 The loan is iiitei'est fi'ec and iinseciired with a set repayineiit date in 2031. 18. LEI ASING AGREIMENTS Miniinuin lease payinents uiidei. non-caiicellable operating leases fall diie as follows: 31.12.24 31.12.23 Witliiii oiie yeai. Betweeii oiie and five yeai's 3,367 3,367 19. MOVEMENT IN FUNDS Net movement in funds Ti'ansfers between funds At 31112124 At 111/24 Uni'estricted funds Uni'esti'icted Fiinds 847,743 847,743 387,110 (49,238) 1,185,615 Restricted funcls Zakat, Fitra, Fidya and Qurbani Iiitei'est Gi'ants from Local borough - Ediication Disastei. appeal Umi'ah and Haii facilities Pi'oject i'ebiiild (106,424) 3,099 69,019 882 12,051 6,373,121 157,915 (2,669} 214,262 (4,787) (10,539) (211) (21,008) 4,515 40,952 219 262,273 610 12,051 6,270,289 (179,313) 76,481 6?51,748 185,408 49,238 6,586,394 TOTAL FUNDS 7,199,491 572,518 7,772,009 301 P (1 gj e
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming Resources iesources expanded Movement in funds Unrestricted funds Geneial fund 1,957,881 (1,570,771) 387,110 1,957,881 (1,570,771) 387,110 Restricted funds Zakat, Fitra, Fidya and Quibani Intei'est Grants from Local borough - Education Disaster appeal Unirah & Haji facilities Project rebuild 169,832 1,753 262,274 43,485 (11,917) (4,423) (48,012 (48,272 157,915 (2,670) 214,262 (4,787) 147,647 (326,960 (179,313) 624,991 (439,584) 185,407 TOTAL FUNDS 2,582,872 (2,010,355) 572,517
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FtNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN fiUNDS - continued Comparatives for movement An funds Net movenient in funds Tiansfei's between funds At 31112123 At 111123 Unrestricted funds General fund Registration and School Fees Sale of School Uiiiform Contributioiis towards school tiips Madiassa Fee 283,571 317,158 419 128 51,618 92,188 153,541 34,288 (52,820) 69 9,227 (142,987) 410,047 417,879 488 4,194 15,135 (5,161) 106,504 652,894 347,072 152,223 847,743 Restricted funds Zalcat, Fitia, Fidya aiid Qiirbani (63,371) Intei'est 3,449 GIltS fiom Local borougli - Education 251,793 Disastei appeal 1,483 Umrah and Hajj facilities 12,051 Project rebuild 5,879,067 (80,718) 427 41,270 (18,488) 144,526 (777) (38,867) 17,887 437 3,099 254,196 882 12,051 6,081,084 172,563 29.454 6,084.472 115,054 152,223 6,351,749 TOTAL FUNDS 6,737,366 462,126 7,199,492
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMEI NT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming Resoui'ces Movement resoui'ces expanded in funds Unrestricted funds Genei'al fund RegÉsts'ation and School Fees Sale of School Uniform Coiiti'ibutions towards school trlps Madrassa Fee 682,528 886,083 (590,340) (732,542) 92,188 153,541 28,241 111,947 (33,402) (5,443) (5,161) 106,504 1,708,799 (1,361,727) 347,072 Restricted funds Zakat, Fiti'a, Fidya and Qui'bani Intei'cst Grants from Local borough - Education Disaster appeal Project rcbuild 40,693 927 258,158 33,338 224,282 (121,411) (80,718) (500) 427 (216,888) 41,270 (51,826) (18,488) (51,719) 172,563 557,398 (442,344) 115,054 TOTAL FUIYDS 2,266,197 (1,804,071) 462,126 TRANSFER OF FUNDS Ti'ansfers from restricted to unrestricted funds were for contributions to ovei'heads Movement in funds Unl'esti'icted Funds l. General funds represent the amounts that trustees are free to use in accoi'dance with trust's chai'itable obj ectives. 2. Registration and school fees represent tuition fees receivable fi'om piimary school students and is expended on day-to-day school i'unning costs. Restricted Funds 3. Zakaat, Fitra, Sadaqa and Qurbani represents the i'esti'icted donations received for and expended on specific needs of the geneial public. 4. Restricted funds include grants received from local council, LBW, and are utilized in d eve l opment of educational programmed for pre-school students. 5. Disaster appeal funds are collected through specific appeals to suppoit people affected by nati'al disastei. around th¢ woi'ld.
WALTHAM FOREST NOOR UL ISLAM NOTES TO THE FINANCIAL STATEMENTS - contiiiued FOR THE YEAR ENDED 31 DECEMBER 2024 19. MOVEMENT IN FUNDS - continued 6. Pi'oject i'ebuilding repl'eseiits the donations i'eceived which contt'ibute tOWdS tlie i'ebuilding of the old pi'emises owned by the trust, 20. OTHER FINANCIAL COMMITMENTS l) The tt'ust has financial commitments to biiilding new pi'emises to mect the needs of the users. As a i'esult of the cui'rent econoniic climate, both mateiial costs and labour costs have increased and ale expected to increase in the foreseeable futui'e, As a mattel. of prudence, the Triistees have maintained an estimated speiiding of approxiinately £3in (2023: £3m) to complete the pioject. 21. RELATED PARTY DISCLOSURES l. Th¢ ts'ust einploys five people who 'C ielated to triistees as follows. 2024 2023 nount (£) Amount (£) Name of Related Party Relationship Roles Ms S Musbally Mr A Hansa Sistei Son Teachei'_resigned Office Maiiagei'/ Teache1/ Satiirday Reception Pie-school Finance Manager Madrassa Teacher 19,008 56,879 19,926 50,505 Mrs H Hansa Mr A Miisbally Mis Z Hansa DaLightei in Law Bi"otliei'.in-Law Daughtei in Law 33,222 40,608 8,529 30,990 35,875 7,210 341Pag7e