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
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## **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.
2
## **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.
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## **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
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## **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
5
**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.
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**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
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**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.
8
## **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|
9
**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
10
**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
11
## **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**|
|---|---|---|---|
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