CHARITY REGISTRATION NUMBER: 701689 Noor Ul-lslam Mosque & Community Centre Unaudited Financial Statements For the year ended 31 December 2023 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Noor Ul-lslam Mosque & Community Centre Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and administratlve details Registered charlty name Noor Ul-lslam Mosque & Community Centre Charity registration number 701689 Company registration number Prlncipal office and reglstered 17 Maria Street office Butetown Cardiff CF10 SHH UK The trustees Mr O l Yusuf Mr A l Yusuf Mr A Yusuf Mr A M Bashir Mr M A Dahir Independent examlner SAK2020 Ltd. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Objectives and actlvlties The Objective of the Noor Ul-lslam Mosque and Community Centre is to serve the local Muslim Community primarily as a place of worship and religious teachings. On the daily basis the building provides and facilitates worshipping facilities for local people to practice their religion in harmony in congregation or as individual. Review of cultural centre Seven days a week young children be￿een the age of 5 and 14 are to be taught the recitation of Holy Quran in Arabic and about their religious and cultural beliefs and practice in English. There are 200 odd children registered with Noor Ul-lslam Mosque The building is also used by teenager and the elderly to hold talks about education, employment, training, sport and issues in the general affecting their daily lives. As and when requested Noor Ul-lslam Mosque & Community Centre organises and facilities Faith visit programmes for schools. Plans for future periods The present building cannot cater the needs of the growing community in the area. Management is planning to build an extension to increase the mosque capacity- Noor Ul-lslam Mosque & Community Centre Trustees. Annual Report (contlnued) Year ended 31 December 2023 Small company provislons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. 13 /{ ./.￿1￿ and signed on behalf of the board of Mr O l Yusuf Trustee Mi A l Yusuf Trustee Noor Ul-lslam Mosque & Community Centre Independent Examiner's Report to the Trustees of Noor Ul-lslam Mosque & Community Centre Year ended 31 December 2023 We report to the trustees on our examination of the financial statements of Noor Ul-lslam Mosque & Community Centre ('the charity'l for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the account. The charity's trustees consider an audit is not required for the year (under s43 (3} of the Charities Act 1993 (the Act) It is our responsibility to Examine the accounts (under s43 (3) (al of the 1993 Act} Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 43 (7) Ibl of the Act, and To state whether particular matters have come to our attention. Independent examiner's statement In Connection with our examination, no matter has come to our attention'.li) which given us reasonable cause to believe that in any material respect the requirements. to keep accounting records in accordance with section 41 if the Act,. and to prepare account which accord with the accounting record and to comply with the accounting requirements of the Act, have not been met to which in our opinion, attention should be drawn in order to enable understanding of the accounts to be reached. IJ OcArfv 2&2 Independent Examiner SAK2020 LTD Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Noor Ul-lslam Mosque & Community Centre Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Unrestricted funds Total funds Total funds 2022 Note Income and endowments Donations and legacies Investment income 84,157 38,326 122,483 84,157 38,326 119,241 40,800 Total Income 122,483 160,041 Expenditure Expenditure on charitable activities Total expenditure 87,439 87,439 87,439 89,709 87,439 89,709 Net income and net movement in funds 35,044 35,044 70,332 Reconciliation of funds Total funds brought forward Total funds carrled forward 1,045,762 1,080,806 1,045,762 975,430 1,080,806 1,045,762 The statement of financial activities includes all gains and losses recogn ised in the year. All income and expenditure derive from contin uing activities. The notes on pages 6 to 11 fonn part of these finanoial statements. Noor Ul-lslam Mosque & Community Centre Statement of Financial Position 31 December 2023 2023 2022 Not8 Fixed assets Tangible fixed assets 11 909,193 911,231 Current assets Cash at bank and in hand 194,717 157,531 Creditors: amounts falling due withln one year Net current assets 12 104 194,613 157,531 Total assets less current liabilities 1,103,806 1,068,762 Creditors: amounts falling due after more than one year Net assets 13 23,000 23,000 1,080,806 1,045,762 Funds of the charlty Unrestricted funds 1,080,806 14 1,080,806 1,045,762 1,045,762 Total charity funds For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on ..1.3/1.p/ LS......., and are signed on behalf of the board by.. Mr O l Yusuf Trustee MrA l Yusuf Trustee rflilllj The notes on pages 6 to 11 form part of these financial statements. Noor Ul-lslam Mosque & Community Centre Notes to the Financial Statements Year ended 31 December 2023 General informatlon The Charity is registered in England and Wales and the address of the register office is 17 Maria Street, Butetown,Cardiff CF10 SHH. Statement of compllanc8 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 Companies Act 2006. Accounting pollcles 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. Fund accountlng 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. Noor Ul-lslam Mosque & Community Centre Notes to the Financial Statements (eontinuedj Year ended 31 December 2023 Accounting policies (contlnued) 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. 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, non-charilable 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 be￿een 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. Noor Ul-lslam Mosque & Community Centre Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (contlnuedj Tangible assets fcontinuedj 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. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. 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 dale. 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 cash-generating unit to which the asset belongs. The cash-generaling 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 acq uisition 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. Financlal instruments A financial asset or a financial liability is recog nised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recog nised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Noor Ul-lslam Mosque & Community Centre Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (contlnuedj Flnancial instruments (continued) Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar cred it risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmited by guarantee Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations Friday Collections Tuition Fee 53,081 8,076 23,000 53,081 8,076 23,000 66,104 18,347 34,790 66,104 18,347 34,790 84,157 84,157 119,241 119,241 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Rent received 38,326 38,326 40,800 40,800 Expenditure on charltable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Support costs 87,439 87,439 89,709 89,709 Noor Ul-lslam Mosque & Community Centre Notes to the Financial Statements (continued) Year ended 31 December 2023 Expenditure on charitable activities by activity type Support Total funds costs 2023 Total fund 2022 Governance costs 87,439 87,439 89,709 Net income Net income is stated after ch8rgingl{creditingl- 2023 2022 Depreciation of tangible fixed assets 2,038 2,548 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows., 2023 2022 Wages and salaries 46,940 52,190 The average head count of employees during the year was Nil (2022.. Nill. No employee received employee benefits of more than £60,000 during the year12022'. Nil). 11. Tanglble flxed assets Freehold propety Plant and Fixtures and machinery fittings Total Cost At 1 January 2023 and 31 December 2023 487,240 413,800 43,346 944,386 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 33,155 2,038 33,155 2,038 35,193 35,193 Carrying amount At 31 December 2023 487,240 413,800 413,800 8,153 909,193 At 31 December 2022 487,240 10,191 911,231 12. Creditors: amounts falllng due within one year 2023 2022 Social security and other taxes 104 10 Noor Ul-lslam Mosque & Community Centre Notes to the Financial Statements (continued) Year anded 31 December 2023 13. Creditors: amounts falling due after more than one year 2023 2022 Bank loans and overdrafts 23,000 23,000 14. Analysis of charltable funds Unrestricted funds At 1 January 20 23 At 31 Decembe r 2023 Income Expenditure General funds Unrestricted fund 2 - desc in alcs 128,219 917,543 1,045,762 122,483 (87,439) 163,263 917,543 122,483 (87,439) 1,080,806 At 1 January 20 22 At 31 December 2022 Income Expenditure General funds Unrestricted fund 2 desc in alcs 57,887 917,543 160,041 (89,709) 128,219 917,543 (89,709) 1,045,762 975,430 160,041 Noor Ul-lslam Mosque & Community Centre Management Information Year ended 31 December 2023 The following pages do not form part of the flnanclal statements. 12 Noor Ul-lslam Mosque & Community Centre Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donations and legacies Donations Friday Collections Tuition Fee 53,081 8,076 23,000 66,104 18,347 34,790 84,157 119,241 Investment Income Rent received 38,326 40,800 Total Income 122,483 160,041 Expendlture Expenditure on charitable activltles Wageslsalaries Donation paid Rates & water Heat & Light Repairs & maintenance Insurance Funeral & Events Expenses Refreshment for children Accountancy fees Telephone Sundry Expenses Depreciation Postage, Stationery & Books Cleaning & Refuse 46,940 4,428 4,699 8,537 7,742 2,500 6,343 586 300 625 145 2,038 364 2,192 52,190 2,631 4,866 8,946 2,451 8,662 3,010 588 2,569 2,548 446 802 87,439 89,709 Total expenditure 87,439 89,709 Net Income 35,044 70,332 13 Noor Ul-lslam Mosque & Community Centre Notes to the Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Expenditure on charitable actlvities Governance costs Wageslsalaries Donation paid Rates & water Heat & Light Repairs & maintenance Insurance Funeral & Events Expenses Refreshment for children Accountancy fees Telephone Sundry Expenses Depreciation Postage, Stationery & Books Cleaning & Refuse 46,940 4,428 4,699 8,537 7,742 2,500 6,343 586 300 625 145 2,038 364 2,192 52,190 2,631 4,866 8,946 2,451 8,662 3,010 588 2,569 2,548 446 802 87,439 89,709 Expenditure on charitable activities 87,439 89,709 14