Registered Charity Number 1177268 ALNOOR CULTURAL & EDUCATIONAL TRUST REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 December 2023 Apex Associates LLP Accountants and Tax Consultants Apex Chambers 58-A Ilford Lane Ilford Essex IG12JY ALNOOR CULTURAL & EDUCATIONAL TRUST Report and accounts Contents Page SldiLmLnt ofTrustCC%' ILSP(Insibililie8 ALcnuiilLints' i'epi)rl Income and l.'.xpcii(lilurL aLLt)Iinl Llalancc shLcl Ni)It% lo thc aLc()uii15 Delailed St¥lL'nlLnl ol. Financial ALlivitie5 8-10 ALNOOR CULTURAL & EDUCATIONAL TRUST Charity Information Trustees Mi.. Daud.lunej Mi.. Ali Na5soI' Ali Mi.. Abdallah Said Uthman- Cliairmun Mi.. Mbarak HLJ%seiii Mi'5. A51iJ Abd#llJh Mi.. Mbarak l-l All). Mi.. Oiiiar Salim Aii'xdli Mi's. Falma Aiiiiii s￿11(1 M1.. Ahined Ali Mi'%. Farida M Ally Accountants Aftab Aliiii % Ii'u%iee8 al'c I'cstx)n5ibl¢ l()r the piLpai￿lIan ol. Ilie liiiaiiLial slatLmcnls.'I'lie Ii'u%¢ees JrL' salisfiL(I Ilial Ihe aLidit I'cquirLmeiil of %eclioii 14411 l ol. Ihe C hai'iliL5 ALI 2Ql I IihL' ALI) does not appl}.. a Lx)nsequLnce. the tl'U5tee5 havc ¢le¢ied that the tinanLial slalement￿ bL subjecl ia inderKn(l¢ni exart)ination. Having saiisfiLd myself ihat thc chai'ily is nai subjeet lo audil. aiid [.% eligibl¢ li)r lnde￿ndCnt cxatnination. il is In) al elaminc the ac¢ou1118 undei. scction 145 of the Act: bl ti) folloiv the pi'oceduir5 laid doiirn in tlle Cieneral Diieclioii% gii'en by thL' C.hai'ily Commission under qeciion 14i15llhl ofihL Act: and.. cl lo slate ivheihL'r paiticulai. matters havL Lume li) niy aiienliun. Basis of opinion and scopo of work undertaken i()nduLied Iny cxainiiiatiun in a¢¢ai'dancc iviih Ihe Geneial DiiL"cIiviis biiven by the Chai'il) ('.omtni.s%i()nLI'S Ioi. Englaiid & Wale% iii IrlJti(In io Ihe ci)nduciing ol- indei)¢iid¢nl LNaminaiion. iefcrird t(1 ubvi'e. An indcFcndeiil examinalion includes J li'VlL'¥I l)I' Ihe accounting rLLvrd% kept b>, tlIL C hai'il). aiid of IhL aeei)unting s)'516ms emplo)'L￿ by Ihe Lhai'ity and a compari.%on of Ihc linJn¢ial slaiemen15 Plf5¢111ed with thi)sL records. 11 als(1 include.% ciinbideration of any unusual ileins 1)I' di.%cli)surLS in Ihe liiiancial stat¢meiii% . and scckingj explanaticin rri¥m y()u as Iruslees caiicerning such IHJiiei'%. The purposL L)I'ihe ¢Narninalic)n is 1() L8tablish as lir a5 1)Ixqsible thai IhLre have been no bi'eaLhes of the Lh£lfitlL'5 ILgislation and that ihe linancial slalLinenls comply with Ihe SORP. on a te8t basis. ot cvidLn¢e relevant io the amounls aiid di.%clo.%UlLS in Ihe Iinancial slatLm¢nls. The pi'occdurLs underiakett do not piy)vide all the evidLnLL' Ihai ¥vould bc rcquii'ed in an audit . and infnrrnation supplied b). IhL' Iruslee% in the course of Ihe examinalion 15 not 8ubjLct¢d io audit iests oi. enquii'ie%. and Lonseqiiently I do nol eNpre%% an audil opinion on Ihc i'icH' giiveii b). the lindnLial siaieinenis. aiid in pariicular. expi'ess no opini()D 4% l(1 wliL*thLI' Ilie linancial statcinciils giiie a true and tair viei4' (>l-the affoii¥ i)I'the charity, and my ib limited In ihe maiteis Sct oul in the Etaternvnt iK.Ioiv. I planned and pErloi'med my examinaiion so lo satisty tn)rseifihai Ihe objcctives ofihe indepLndini examination arL dchieved and bcforL linalising the ieport l obtain wrillen a%suraniis fri)m the Iru5tccs ol'all maierial mdttelE. Independent Examlnor's Statement, report and oplnion In ronneclion with my exan)inaiion, no mdllei. lia% come lo my utienii(>n in conncLlion iviih my ehaminalion whiLh give5 me r¢a50nable cause ti) belicvc thal in any m&tei'ial 11SPLLi ihe IEquireincnts lilio keep accounliilg recL)i'd% in aL¢01￿11￿Ce ivith seclioii 130 (If tlie Act; lill to i)IrpaiL' linancial slalLinenl8 11,hich acco1￿ i¥iih the accounting reLOi'd5 aiid comply w'ith Ihe accounting IEqLIIILmeiil% (if IhL Act and.. liiil Ihat IhL f11141n¢l£i1 %t. 2023 2022 Revenue Tuinovèr from ordinary activities 233.2 ly 226.439 ALNOOR CULTURAL & EDUCATIONAL TRUST NOTES TO THE AccouNTS FOR THE PERIOD ENDED 31 December 2023 3 Staff Costs and Emoluments 2023 2022 CTIUSS Salarte5 Y8.914 (A.124 'rhcir iio ctnplo)'¢¢s i%illi emolurnLnl% in exccss o1'£611.11110 pei. aiiiiut Trustees, Remuneration NLiihLr Il)¢ Iriisl¢es nor dn), per%Dns coniiccl¢d Iviih Ihein have received ally Irmuncri¢ Ilon. L'iihtr in Ihe cuixrnt y¢ar oi. IhL prioi. year. S Tanglble functional flxed asset¥ Freehold Land and buoldlngs Vehlcle5 Total Asset cost, valuation or revalued amount 690.188 9.450 699.638 Addilion5 Al 31 F)eccmbcr 2023 690.188 9.450 699.638 Accumulated depreciation and impairment provision5 Al l JaDiiai-), 2023 Chai'gc for Ihe ycar Al 31 DeL¢mher 2023 12.5611 16891 13.2501 12.5611 16891 13.25UI Net book value Al 31 DeLembcr 2023 690.188 6.200 696.38 Al l Jhnuary 2023 690.188 6.200 696.388 6 Debtors 2023 Prepaym¢Jils Inter¢si frLL loan 2.295 4¥.250 50.454 7 Creditor9= amounts falllng du• withln one year 2023 Accrurd e¥pensLS 1.304 8.275 22.811 32.389 Inlcrc51 free loan ALNOOR CULTURAL & EDUCATIONAL TRUST NOTES TO THE AccouNTS FOR THE PERIOD ENDED 31 December 2023 Unreslrlcted revenue accumulated fund8 2023 2022 Al l Janu&i'}, 2023 854.537 799.932 33.964 54.6115 Ai 31 Dccen]btr 2023131 DeLeinber 2022 ¥88.501 854.537 10 ALNOOR CULTURAL & EDUCATIONAL TRUST Schedule to the Statement of Financial Activities For The Period Endad 31 December 2023 Unrestricted Fund8 2023 Total Funds 2023 Unrestricted To¢al Funds Funds 2022 2022 Incomino Resour￿$ Voluntary Income 233,219 233,219 226,439 226,439 Total Voluntary Income 233.219 233.219 226,439 226,439 Other Incoming Resources Other operating incorne Total Other Incoming Resources Total Incoming Resourc¢s 233.219 233,219 226.439 226 439 Costs Df generating funds Direct support cosls Gros5 wa9$$ and salari85- charitable activities Staff training and welfare 98,914 98,914 984 64.124 18,887 64,124 18,867 99,898 99.898 82,991 82.991 Premises Costs Rates. water and setvio charges Insurance 3.153 2,151 6,617 16,684 28.605 3,153 2.151 6,617 16.684 28,605 2.048 2,286 2,573 2,048 2,286 2,573 9.488 16,395 ghl and heat Repairs and renewals General admlnlslratlve expenses.. Telephone and fax Bank charges Motor 8xpen5es Stationery and printing Other legal and prof D8precialion Equipment hir8 639 639 596 596 2,665 841 2.665 841 265 3.652 1,353 422 3.652 1.353 422 265 8,994 8,994 689 4.310 765 4,310 765 3,495 17,588 3.495 17.588 2,936 2,935 14,034 Professional fees in support of charitable aciivibes Advertising and PR Donations Accountancy fees 624 50,79D 1,750 53,164 624 50,790 1.750 53,164 1,789 55.403 1,222 56,414 1,789 55,403 1,222 58,414 Total Support costs 199.255 199 255 171,834 171 834 Net incune I Ilossl resources 33.964 33,964 54.605 ALNOOR CULTURAL e4 EDUCATIONAL TRUST REGISTRATION NUMBER: 1177268 TRUSTEES ANNUAL REPORT- YEAR ENDING 31" DEC 2023 Introduction Alnoor CultLAral & Educational Trust operates as a Charitable Incorporated Organisation, with its main address at 170 Gascoigne Road, Barking, IG117LH. Registered with the General Registrar UK as a place of religious worship in the 8orough of Barking and Dagenham, the Trust's physical presence signifies its unwavering dedication to its mission. Organisational structure Operating with a flat structure, the Trust places its governance responsibilities squarely on the shoulders of dedicated trustees. These individuals generously volunteer their time, embodying a core ethos of service to ensure that the organization's resources are directed effectively towards its charitable objectives. Monthly trustee meetings serve as the forum for crucial decision-making, covering matters concerning the Trust, community facilities, and related activities. Recruitment and Appointment of Trustees Trustees are chosen from respected members of the faith actively involved in the local community and the Trust's work. Consideration is given to their involvement in Trust events, willingness to volunteer, eligibility, competence, and relevant skills. Activities and Community Impact The Trust envisions its Mosque as a welcoming space, open to Muslims and non- Muslims alike. With a focus on accessibility and inclusivity, the mosque hosts 5 daily prayers, Friday congregations, religious festivals, Mortuary, Funeral and Matrimonial Services, alongside a variety of social and educational activities. Our overarching strategy aims to foster understanding and harmony, providing a platform for individuals to learn about Islam and CLtltivate an inclusive and welcoming environment. The Trust's activities extend beyond religious services, encompassing educational programs, community welfare initiatives, and events promoting interfaith dialogue. These endeavours contribute not only to the spiritual growth of Mosque attendees but also positively impact the broader community of Barking and Dagenham. Volunteerism and Safety Measures Volunteers play a crucial role in the Trust's faith and community work. Over 10 individuals regularly contribute their time, demonstrating a collective commitment to the organization's mission. To ensure the safety of those involved in projects with children or vulnerable groups, the Trust diligently conducts DBS checks, reflecting its dedication to ethical and responsible volunteer engagement. Grant-making and Disaster Relief Participation in disaster appeals is a significant aspect of the Trust's global outreach. Mosque attendees generously contribute to appeals facilitated by reputable UK charities, allowing for targeted and effective aid distribution to areas affected by natural disasters worldwide. Our objective and Vision for the Future Our primary objective for this year is to secure planning permission for the complete rebuilding of the Mosque and associated facilities. In February 2024, plans were submitted to the local authority for pre-approval. The redevelopment project is envisioned to be a transformative endeavour that goes beyond the physical structure, aiming to create a dynamic and inclusive space that addresses the multifaceted needs of the local community. We envision Masjid Alnoor not only as a spiritual hub but also as a vibrant centre for educational and social empowerment Our plan for the future is not just about constructing a building, it's about building a brighter, more connected, and vibrant future for the diverse community we proudly serve. Financial Challenges and Outlook for the Coming Year5 The Trust did well last year despite some challenges, as we assess the financial landscape for the upcoming years,- the Trust anticipates several challenges that warrant careful consideration and strategic planning. 1. Operational Costs: The ongoing operational costs, including utilities, maintenance, and staff salaries, are expected to rise due to inflation and market fluctuations, balancing these expenses while maintaining the quality of services will require vigilant financial management. 2. Infrastructure Expansion: The proposed expansion of our Masjid to accommodate the growing community brings both promise and financial strain. Funding such projects demands substantial resources, and careful fundraising efforts will be essential to ensure the successful realization of our expansion goals. 3. Economic Uncertainty: Global economic uncertainties, such as fluctuations in currency values and potential financial downturns, may impact the financial stability of the community. Prudent financial planning and risk mitigation strategies will be crucial in navigating through uncertain economic conditions. 4. Funding and Community Support Donations and weekly collections at Friday prayers constitute the primary sources of income for the charity. Sustaining the financial health of the charity relies substantially on the continued support of our community members. Economic challenges faced by individuals may impact their ability to contribute regulady. Strengthening communication about the Masjid's financial needs and fostering a sense of community responsibility will be vital in overcoming this challenge. 5. External Funding Sources Exploring and securing external funding sources, grants, and partnerships can diversify our financial base. Identifying compatible organizations and establishing mutually beneficial collaborations may present new opportunities to bolster our financial sustainability. In light of these challenges, the Management Committee is committed to proactive financial planning, transparent communication, and engaging the community in collaborative efforts. In conclusion, despite unprecedented challenges, the Trust remains resilient and steadfast to its mission. We extend heartfelt gratitude to our trustees, volunteers, donors, and community members for their unwavering sUPPOrt and dedication. Together, we will continue to make a positive impact in the lives of those we serve. Statement of Trustees. Responsibilities Trustees are responsible for preparing annual reports and financial statements in accordance with relevant laws and standards, ensuring transparency, compliance, and prudent financial management. Approved by the members and signed on its behalf by.. Ali Nassor Ali General Secretary Alnoor Cultural & Educational Trust