CHARITY REGISTRATION NUMBER: 1202466
Noorul Islam Blackburn Unaudited Financial Statements
31 December 2023
KAROLIA LIMITED
Chartered accountants Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ
Noorul Islam Blackburn
Financial Statements
Period ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Noorul Islam Blackburn
Trustees' Annual Report
Period ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 December 2023.
Reference and administrative details
Registered charity name Noorul Islam Blackburn Charity registration number 1202466 Principal office 108 Audley Range Blackburn Lancashire BB1 1TF The trustees Mr M S Karolia (Appointed 23 March 2023) Mr G M Jhina (Appointed 23 March 2023) Mr M H Chothia (Appointed 23 March 2023) Independent examiner Ahmed Adam Karolia Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ
Structure, governance and management
The Charitable Trust is constituted by Trust Deed and its objects are to promote the benefit of the community in Blackburn (the area of benefit) and in particular without prejudice to the generality of the foregoing, the Muslim Community, by associating together the Muslim people and the local authorities and other organisations in a common effort to relieve poverty, sickness, to advance education, to advance the Muslim religion and to provide facilities for recognition and leisure-time occupation with the object of improving the conditions of life of the community.
1
Noorul Islam Blackburn
Trustees' Annual Report (continued)
Period ended 31 December 2023
Objectives and activities
In furtherance of the objects, but not otherwise, the trustees may exercise the following powers
To make provision for daily prayers, funerals and burial arrangements, marriages and other religious and social ceremonies.
To provide for Islamic Education and language for the Muslim community and their children.
To co-operate in a strictly non-political way with welfare agencies, voluntary organisations, local and central government departments and other agencies in furtherance of the objects and to exchange information and advice with them.
To promote co-operation and unity among Muslim members in furtherance of the common cause and interest in Islam.
To raise funds by means of donations, gifts, legacies, grant aid from statutory authorities and other loans and fund-raising events.
To establish or support any charitable trusts, associations or institutions formed for all or any of the objects.
Achievements and performance
The new purpose-built mosque project building has been in successful use since the end of year 2011.
Financial review
Risk management
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Reserves Policy
It is the policy of the charity maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure, this provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
2
Trustees' Annual Report (continued)
Noorul Islam Blackburn
Period ended 31 December 2023
The trustees' annual report was approved on 17 March 2025 and signed on behalf of the board of trustees by:
Mr M S Karolia Trustee
3
Noorul Islam Blackburn
Independent Examiner's Report to the Trustees of Noorul Islam Blackburn
Period ended 31 December 2023
I report to the trustees on my examination of the financial statements of Noorul Islam Blackburn ('the charity') for the period ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ahmed Adam Karolia Independent Examiner
Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ
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Noorul Islam Blackburn
Statement of Financial Activities
Period ended 31 December 2023
| 2023 | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 43,990 | 911 | 44,901 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 43,990 | 911 | 44,901 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 43,848 | 32,375 | 76,224 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 43,848 | 32,375 | 76,224 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net expenditure and net movement in funds | 142 | (31,464) | (31,323) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | – | – | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 142 | (31,464) | (31,322) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Noorul Islam Blackburn
Statement of Financial Position
31 December 2023
| 2023 | ||
|---|---|---|
| Note | £ | |
| Fixed assets | ||
| Tangible fixed assets | 11 | 1,792,351 |
| Current assets | ||
| Cash at bank and in hand | 344,622 | |
| Creditors: amounts falling due within one year | 12 | 534 |
| ৄৄৄৄৄৄৄৄৄ | ||
| Net current assets | 344,088 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 2,136,439 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 2,136,439 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | ||
| Unrestricted funds | 2,136,440 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 13 | 2,136,440 ৶৶৶৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 17 March 2025, and are signed on behalf of the board by:
Mr M S Karolia Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Noorul Islam Blackburn
Notes to the Financial Statements
Period ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 108 Audley Range, Blackburn, Lancashire, BB1 1TF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
No cash flow statement has been presented for the company.
Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Noorul Islam Blackburn
Notes to the Financial Statements (continued)
Period ended 31 December 2023
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Noorul Islam Blackburn
Notes to the Financial Statements (continued)
Period ended 31 December 2023
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
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Noorul Islam Blackburn
Notes to the Financial Statements (continued)
Period ended 31 December 2023
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| Collection boxes, appeals and donations | 42,926 | 911 | 43,837 | |
| Rent received | 921 | – | 921 | |
| Other income | 143 | – | 143 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 43,990 | 911 | 44,901 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 5. | Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Support costs | 43,848 | 32,375 | 76,224 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 6. | Expenditure on charitable activities by activity type | |||
| Total funds | ||||
| Support costs | 2023 | |||
| £ | £ | |||
| Charitable activity | 75,809 | 75,809 | ||
| Governance costs | 415 | 415 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 76,224 | 76,224 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 7. | Analysis of support costs | |||
| Charitable | ||||
| activity | Total 2023 | |||
| £ | £ | |||
| Wages and salaries | 29,259 | 29,259 | ||
| Books, timetables, receiver costs etc | 1,150 | 1,150 | ||
| Repairs and maintenance | 10,293 | 10,293 | ||
| Cleaning | 1,608 | 1,608 | ||
| Donations distributed | 32,375 | 32,375 | ||
| Sundry expenses | 3 | 3 | ||
| Telephone | 154 | 154 | ||
| Printing, postage, stationery and computer costs | 817 | 817 | ||
| Subscriptions | 150 | 150 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 75,809 | 75,809 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 8. | Independent examination fees | |||
| 2023 | ||||
| £ | ||||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 300 ৶৶৶৶ |
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Noorul Islam Blackburn
Notes to the Financial Statements (continued)
Period ended 31 December 2023
9. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
Wages and salaries
2023 £ 29,259 ৶৶৶৶৶৶৶৶
The average head count of employees during the period was 14.
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
11. Tangible fixed assets
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2023 | – | – | – |
| Additions | 1,768,193 | 24,158 | 1,792,351 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| At 31 December 2023 | 1,768,193 | 24,158 | 1,792,351 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Depreciation | |||
| At 1 January 2023 and 31 December 2023 | – | – | – |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | |||
| At 31 December 2023 | 1,768,193 | 24,158 | 1,792,351 |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
12. Creditors: amounts falling due within one year
| 2023 | |
|---|---|
| £ | |
| Accruals and deferred income | 300 |
| Other creditors | 234 |
| ৄৄৄৄ | |
| 534 | |
| ৶৶৶৶ |
11
Noorul Islam Blackburn
Notes to the Financial Statements (continued)
Period ended 31 December 2023
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | – | 43,990 | (43,848) | 2,136,298 | 2,136,440 |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Restricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund 1 - desc | |||||
| in a/cs | – | 911 | (32,375) | 31,464 | – |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | |
| Analysis of net assets between funds | |||||
| Unrestricted | Total Funds | ||||
| Funds | 2023 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,792,350 | 1,792,350 | |||
| Current assets | 344,623 | 344,623 | |||
| Creditors less than 1 year | (534) | (534) | |||
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||||
| Net assets | 2,136,439 | 2,136,439 | |||
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
14. Analysis of net assets between funds
12