2024-03-31-accounts - Kashmir Youth Project

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Registered number 02357828 Charity Number: 1003644

Kashmir Youth Project

Report and Accounts

31 March 2024

Kashmir Youth Project Trustees' Annual Report for the year ended 31 March 2024

The Trustees present their Report and Accounts for the year ended 31 March 2024, which also comprises the Directors' Report required by the the Companies Act 2006.

The directors of the charitable company, (‘the Charity’), are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the trustees. Their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act.

Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities.

Kashmir Youth Project - the organisation:

Kashmir Youth Project is a charitable company (Charity Registration number 1003644) and a company limited by guarantee (registered number 02357828). Its governing document is the Memorandum and Articles of Association.

The Registered Office is at Unique Enterprise Centre, Belfield Road, Rochdale, Lancashire, OL16 2UP

Kashmir Youth Project - the trustees and directors:

The Board of Trustees is responsible for the overall governance, management and control of the Charity.

Charity Trustees and Directors:

The Directors of Kashmir Youth Project are: Shammsa Jabeen - Chair Abid Hussain Zahir Siddique Sohail Hussain- Treasurer Mrs Shenaz AKHTAR - resigned 20/9/2023 Mr Mohammed Ejaz Ul-Haqq Faheem CHISHTI Mr Mohammed HABEEBULLAH Mr Zaman Tahir - appointed 20/9/2023 Mr Saqlain Khalid - appointed 20/9/2023

The appointment of members of the Board of Trustees shall be reviewed every year using procedures set out by the Board of Trustees.

Advisors:

Accountants:

IAS Associates Ltd Unit 8 Cunningham Court Lions Drive Blackburn Lancashire BB1 9SP

Kashmir Youth Project Trustees' Annual Report for the year ended 31 March 2024

Kashmir Youth Project - aims and activities:

Charitable objects

The objects of the Project shall be to promote the benefit of members of the Asian community in Rochdale, and in particular the youth, without distinction of sex or of political, religious or other opinions, by associating the local authorities, voluntary organisations and inhabitants in a common effort:

To advance education and training generally, and in particular by providing training facilities for the acquisition and development of occupational skills and by providing work experience for a period (in each case) not exceeding two years
To provide facilities in the interests of social welfare for recreation and leisure- time activities - To ensure the establishment of a youth centre and to maintain and manage such a centre for activities prompted by the Project and its constituent bodies in furtherance of the above objects

Review of Charitable Activities

Forming part of this Annual Report, the Trustees present a separate review of charitable activities on the upcoming pages.

Risk Management

The Trustees have the responsibility for implementing a managed approach to risk management.

Reserves Policy

It is the opinion of the Board of Directors at the Kashmir Youth Project, it should hold financial reserves because:

(i) It requires protection against the ability to continue operating despite a significant delay in income streams;

(ii) It requires protection should Kashmir Youth Project lose significant income/funding or have to cease its operations and fulfil contracted obligations; (iii) It requires protection against general business risks, fluctuations in income streams and unforeseen costs;

(iv) It may require funds to restructure or finance future growth and development. The definition of financial reserve for this purpose is the amount of unrestricted reserves not invested in fixed assets.

An annual review of reserves will be carried out in order to:

Ensure current reserves are held with the current policy level
Ensure the reserves level requirement continues to be appropriate after consideration of all financial risks and current/future plans
Ensure current budgets and future financial plans remain consistent with the reserves policy.

Kashmir Youth Project Trustees' Annual Report for the year ended 31 March 2024

Statement of the Directors Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; and
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Kashmir Youth Project

Trustees' Annual Report for the year ended 31 March 2024

In so far as the Trustees are aware

there is no relevant information of which the charitable company's independent examiner is unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the company's accountants are aware of the information.

Small Company

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Approval of this report

This report was approved by the board of trustees on 29 August 2024

Shammsa Jabeen Chair

Kashmir Youth Project Statement of Financial Activities for the year ended 31 March 2024

Incoming resources from generated funds Grants and donations Project Income Nursery Income Rental Income Interest receivable Total incoming resources Resources expended Charitable activities 2 Governance costs 3 Net outgoing resources for the year Total funds brought forward at 1 April 2023 Total funds carried forward at 31 March 2024	2024 £ 30,229 252,640 165,707 170,933 619,509 3,773 623,282 617,739 8,225 625,964 (2,682) 986,651 983,969	2023 £ 36,074 372,469 115,128 148,243 671,914 1,255 673,169 609,913 984 610,897 62,272 924,379 986,651

There are no gains or losses other than those recognised in the Statement of Financial Activities

All incoming resources and resources expended are derived from continuing activities

The notes attached on pages 9 to 11 form part of these accounts

Kashmir Youth Project Independent Examiner's Statement, Report and Opinion

I report on the accounts of the company for the year ended 31 March 2024

Respective responsibilities of trustees and examiner

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination because I a member of the Institute of Financial Accountants.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention

Basis of Independent Examiner's Report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Kashmir Youth Project Independent Examiner's Statement, Report and Opinion

• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

• the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or

•the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

IAS Associates Ltd Accountants and Business Advisors Unit 8 Cunningham Court Lions Drive Blackburn Lancashire BB1 2QX

29 August 2024

Kashmir Youth Project Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Incoming resources

Donations and grants

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable except as follows:-

When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.

When donors impose conditions which have to be fulfilled before the charity becomes entitled to use of such income, the income is deferred and not included in incoming resources until the preconditions for use have been met.

When donors specify that donations and grants, including capital gains, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Interest receivable

Interest is included when receivable by the charity.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Intangible fixed assets are measured at cost less accumulative amortisation and

Plant and machinery

20% reducing balance

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors

Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles.

Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

Kashmir Youth Project Notes to the Accounts for the year ended 31 March 2024

2 Charitable activities Cost Of Sales: Nursery Costs Nursery Payroll Costs Staff training & welfare Employee costs: Wages and salaries Staff training and welfare Travel and subsistence Premises costs: Rent Utility Light and heat Cleaning and sundries General administrative expenses: Telephone Stationery and printing Bank charges Loan Interest Insurance Repairs and maintenance Depreciation IT & Software Accountancy Funded Project Costs: Project Costs Project Payroll costs Accreditation fees Other legal and professional Total 3 Governance Accountancy	2024 £ 20,020 100,552 608 121,180 174,733 178 174,911 1,200 19,149 42,672 15,630 78,651 6,394 2,709 1,122 7,917 6,534 26,957 6,674 8,450 7,025 73,782 60,051 112,056 - 5,692 177,799 626,323 2024 £ 1,200 1,200	2023 £ 9,797 78,079 302 88,178 78,449 509 78,958 1,200 21,955 50,123 7,872 81,150 6,879 3,102 3,663 3,375 7,304 18,909 10,472 8,085 61,789 46,475 251,963 - 1,400 299,838 609,913 2023 £ 984 984	2023
			£ 984 984

Kashmir Youth Project Notes to the Accounts for the year ended 31 March 2024

4 Tangible fixed assets

Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 5 Debtors Trade debtors 6 Creditors: amounts falling due within one year Trade creditors Other taxes and social security costs Other creditors 7 Creditors: amounts falling due after one year Bank loans	Land and buildings £ 905,060 - 905,060 29,312 - 29,312 875,748 875,748	Plant and machinery etc £ 437,383 4,680 442,063 415,366 6,674 422,040 20,023 22,017 2024 £ 26,720 2024 £ 9,898 6,715 47,688 64,301 2024 £ 131,569 131,569	Total £ 1,342,443 4,680 1,347,123 444,678 6,674 451,352 895,771 897,765 2023 £ 23,729 2023 £ 9,067 5,801 63,178 78,046 2023 £ 112,500 112,500

8 Other information

Kashmir Youth Project is a private company limited by shares and incorporated in England. Its registered office is: Unique Enterprise Centre Belfield Road Rochdale Lancashire OL16 2UP

Kashmir Youth Project Registered number: 02357828 Balance Sheet as at 31 March 2024

Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Total assets less current liabilities Creditors: amounts falling due more than one year Total Net Assets Funded by Unrestricted funds Restricted Funds	2024 £ 895,771 26,720 257,348 284,068 (64,301) 219,767 1,115,538 (131,569) 983,969 921,697 62,272 983,969	2023 £ 897,765 23,729 255,703 279,432 (78,046) 201,386 1,099,151 (112,500) 986,651 939,473 47,178 986,651	2023

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Shammsa Jabeen Chair Approved by the board on 29 August 2024

Kashmir Youth Project Detailed profit and loss account for the year ended 31 March 2024

This schedule does not form part of the statutory accounts

Sales Grants and Donations Project Income Nursery Income Rental Income Cost of sales Nursery Costs Staff training & welfare Administrative expenses Employee costs: Wages and salaries Staff training and welfare Travel and subsistence Premises costs: Rent Utility Light and heat Cleaning and sundries Health & Safety General administrative expenses: Telephone Stationery and printing Bank charges Loan Interest Insurance Equipment hire IT & Software Repairs and maintenance Depreciation Legal and professional costs: Project Costs Accountancy fees Subcontractor costs Accreditation fees Other legal and professional	2024 £ 30,229 252,640 165,707 170,933 619,509 5,149 - 5,149 383,566 768 178 388,944 1,200 4,368 42,814 16,968 14,782 80,132 6,394 5,673 240 8,799 7,965 - 6,026 36,000 6,674 77,771 59,269 8,225 2,591 782 3,101 73,968 625,964	2023 £ 36,074 372,469 115,128 148,243 671,914 4,114 - 4,114 404,650 805 509 411,525 1,200 4,544 50,123 12,070 14,790 82,727 6,878 9,185 288 3,375 7,304 - 2,450 19,906 10,472 59,858 50,007 984 1,400 282 - 52,673 610,897	2023