AL4ASANIYA MOROCCAN WOMEN'S PROJECT LTD Registsred Charity No. 1010556 R•glster•d Company No. 02543666 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NTENT Page Financlal Reports Legal and Adminlstrative Details Trustees Report Independent Examlnerfs report Balance Sheet ststement of Financial Activitles 10-15 Notes to the Accounts
AL4IASANIYA MOROCCAN WOMEN'S PROJECT LTD Rogistered Charity No. 1010556 Reglst•red Company No. ORGANI ATIONAL PROFILE FOR THE YEAR ENDED 31 MARCH 2024 02543666 TRUSTEES Fatima Mourad Soukaina Mansour Sophia Jouahri Roisin Blake Vincenzo Martinelli Meriem Agassim Saeida Rouass Lina El Baz Imane El Hakimi Hajar El Otmani resigned 8th March 2024 resigned 26th February 2024 resigned 1 st March 2024 resigned 22nd January 2024 resigned 23 January 2024 Joined 8th March 2024 joined 8th March 2024 joined 8th March 2024 REGISTERED OFFICE: AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Bays 4 & 5Trelllck Tower Golbourne Road London W10 SPL BANKERS: HSBC PIC 152 Portobello Road London W112DZ ACCOUNTANTS: Charles O$ei, Bsc (Hons), Msc. ACIE. AFA. ATA. MCIPP Flat 3. 11 Rochdale Way. Deptford London SE8 4LY
Accounts 202312024 ACHIEVEMENTS AND PERFORMANCE Forword by the treasurer Our work continues to take us from the heart of North Kensington to international borders, as transnationalism is part of the very core of what we do; through serving this client group that is of migrant and refugee background. As we move towards the 40th year anniversary of serving th7s vulnerable section of our community, the organisation elected a new chair at its AGM, held on 8th March 2024. As the treasurer, l am excited, honoured, and looking fonvard to continuing working with the team both at the board of trustees, level and indeed the staff who do an incredible job. 22123 accounts saw a healthy surplus vthich was mainly due to the generosity of grants offered to support our VKirk during the Covid-19 period. As the wrld began to recover from the onslaught of Covid-19, the high cost of living dropped on those who were already struggling without notice, and this meant less money all around, leaving our 23124 surplus in a not as healthy position. The demand in the voluntary sector extraordinarily exceeds the supply, and with the fierce competition over the limited 'pots' available for all, it remains a formidable challenge for everybody within the voluntary sector. Our ethos of never turning anyone away has this year challenged our secured limited income, however our ever-diligent spending and continuous efforts in attracting and securing funding, meant that the overall service delivery remained intact throughout the year and will continue beyond. Poverty is evidently endemic amongst the great majority of women V serve. Disability, mental health, and the isolated elderly means that the challenge to stay sustainable and financially solvent remains a heightened one. The generous spirit and sharing never faltered however, and this were fully demonstrated during the avrful earthquake that befell the inhabitants of Morocco in September 2023. We launched an appeal after due diligence was exercised and we collected through direct payment to the organisations, account the sum of £25,151.00. Having discussed the process with the Charity Commission. We then transferred the entire sum to a trusted organisation vthere the building of a centre in the village of Tefza in l¢orrakesh to support women and children will start in the new year. As in every annual audit, 2023-2024 is no exception when it comes to the commitment and hard work of volunteers which enables both paid staff and trustees to serve those whose first port of call is our organisation.
FIT PUBLIC BENL_ In pLanning and developing the above activities the trustees have considered the Charity Commission guidelines on public benefit. Our core services all work to empower and support our users to improve their quallty of life. None of the programmes we run are without the full consultation of our user involvement team which 7s made up of the service users themselves. Our ethos is of serving on a one-to-one basis yet ensuring policy influence through networking, Mting5, and holding events on partnership continue to be an important part of our work. Our centre continues to be pivotal to those who seek our support, and none are more poignant as within the domestic violence project. Our challenge is to serve ALL those who come to us for help against the backdrop of restricted fundingi at times forcing us to play the post code lottery. FUTURE PLANS Our aim is to continue to work in partnership within the greater London to complement and enhance service delivery to all service users by: Continulng to ensure those who have no recourse to public funds are 5UPPOrted. Build on local partnershfps to complement our work wlthfn the communlty. Secure fundlng to bring our reserves to a healthier level, Includln8 the runnlng costs of the centre. Ensure the continued due diligence and the completion of the centre in Marrakesh for the beneflt of women and children through the Earthquake Appeal donations. AL REVIEW Against the backdrop of limited resources and increased demand on our resources, it has proven to be a continuing challenge to mt these demands and are grateful to all our volunteers who have made it possible for us to continue to serve and support and offer the same unparalleled good value for money services, our users are accustomed to. The charity with its ethos of financial prudence and full support of its management committee, staff and volunteers and the support of funders has generated a reasonable income for the period
RESERVES POLICY The Charity's policy is to achieve and then maintain a balance of 'free reserves, at a level that would equate to13 week5 of total expenditure. 'Free reserves, is the balance in the Unrestricted Funds available for general purposes. The balance of 'fe reserves, at the end of the year £30,OCM). This Report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued by the Charity Commission in January 2015 (updated with effect from January 2016), and in accordance with the special provisions of Part15 of the Companies Act 2006 relatingto small companies. Signed: Meriem Agassim Position: Treasurer Date: 10thJune 2024
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Reglstered Charfty No. 1010556 Reglstèrnd Company No. 02543666 EPENDENT EXAMINER. EP RT ON THE FIN CIAL TATEMENTS TO THE TRUSTEES F THE AL4IOROCCAN WOMEN'S PROJECT I report on the financial statements for the year 8nded 31 March 2024 set out on pages 8 - 15. Thls report Is made solely to the TNst86s of The Al-moroccan Women's Project, as a body. in accordance with regulations made under SecOn 145 of the Charities Act 2011 and Charity SORP. My work has been undertaken so Ihat I mlght state to the Trustees matters l am required to stste to them in an Independent Examinerfs report and for no other purpose. To the fullest ext8nt permitted by law, I do not accept or assume responsibilty to anyone other than the Charity and Charitys trustees for my ind8P8ndent examination work. for thls report. or for the ststgm8nt I have given below. Respo¢tlve re$ponslbllltlM of Tru8teO8 and Ind•pendont •xamln•r As charity trustees of the company land also its directors for Ihe purposes of the company law) and for the purpos88 of charity law, are responsib18 for the preparation of Ihe financi81 statements, in accordance with requiremgnts of th8 companies Act 20061"thg 2006 Acf). the Trust88s consider that an audit is not r8quir8d for this year under seclion 14412) of the Chadt88 Act 2011 (the Act) and under Part 16 of the 2006 Act, and that an independent 8xaminallon is needed. I report In respgct of my examlnation of the Charfvs accounts carded out:. a) examine the account8 under Section 145 of the 2011 A¢t' b) follow the procedures lald down in the general Directlons glv8n by the Charlty Commission8r8 under sectlon 145(5){b) of the 2011 Act: and cl state whether p8rtlcular matters have come to my attentlon. Basls of Independent examlnorf4 statement Since the Charitys gross income excèed8d £250,000, your examiner must be a member of a body Ilsted In section 145 01 the 2011 AU. I confirm that l am quallfied to undertake the examination becav8e l am a member of the Institute of Financial Accountants UK, which is one of the listed bodles, as well as full member of Association of Charity Independent Examiners. My examlnation was carried out In accordance wtth the general Directrons glven by tha Charity Commlsslon. An examination includes a review of the accounting records kept by the Charity, and a comparison of the accounts presented with those cOrdS. It also includes consideration of any unusual items or disclosures in tha accounts and seeking explanations from you as Trustses conceming any such matters. The procedures undertaken do not providè all the evidence that would be required in an audrt. and consequently no opinion is given as to whether the accounts present a 'true and fair Vie and the reports limited to thosè matters set out in the statement on the next page.
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Roglstored Charlty No. 1010556 Registered Company No. 02543666 INDEPENDENT EXAMINER. N THE FINANCIAL STATEMEN TO THE TRUSTEES OF THE AL-MOROCCAN WOMEN'S PROJECT Independent examlnèrf8 8tatoment In connedlon wlth my examinatlon. no matter has corne to my attentlon.. 1) which gives me r8asonable cause to b81ieve that in any materlal respect the requirem8nts a) to keep accounting records in accordanc8 wlth Section 130 of the Charities Act,. end and s8ction 386 of the Company Act 2006. and b) to pr8pare accounts which a¢¢ord with the accountlng records and comply wlth the accounting requirements of the Charities Act and of sectron 396 of the 2006 Act. hav8 not b88n met., or 21 to whlch, in my oplnlon. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Charlés 0881, Bsc {Hons), MSC, ACIE, AFA, ATA , MCIPP Flat 3, 11 Rochdale Way Deptford London SE8 4LY
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Reglstsred Charlty No. 1010556 Reglstered Company No. 02543866 BALANCE SHEET AS AT 31 MARCH 2024 Notes 2023124 2022123 Fixed Assets Cufrent Assets Debtors and pr8paym8nts 76.397 5.185 Cash at Bank and in hand 201.487 161,305 Cr8ditofs.' Amount due wrthin One Year Other Creditors {7,7501 Net Ass8lslLiabileS Re8orv08 Restricted FurKIs 195.124 86,769 Unrestrided Funds - General De$natsd 52,760 41,971 82,760 71,971 These flnancial statements have been prepared in accordance wlth the special provlslons of Part 15 of the Companies Act 2006 relating to small entitles. For the year ended 31 March 2024 the Company was entitled to exemption under sectlon 477 of the Companles Att 2006. Furthermore, no notice has been placed under sectlon 476 by members of the Company requlrlng It to obtain an audit of Its accounts for the year In question. The Dlrectors acknowledge their responsibility for: (l) ensuring the Company keeps accountlng records which comply wlth section 386, and (li} preparing accounts which give a true and falr vlew of the state of affairs of the Company as at the end of its financial year, and of its profit and 105s for the financial year in accordance wlth section 396, and which otherwise comply with the requirements of the Companies Act relating to accounts as far as appllcable to the Company. Approved by the trustees on June 6th 2024 and slgned on their behalf by, treasurer, Meriem Agassim
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Reglstered Charity No. 1010556 Rggistered Company No. 2543666 STATEMENT OF FINANCIAL ACTIVITIE TH YEAR NDE 1MAR H20 2023124 2022123 Unrestrlctsd Funds Restrfcted Funds Notos Totsl Funds Total Funds Re80urc88 Arlslng Income from Charitable Activities 147,470 396.425 543,895 332.873 Total Income 147,470 396.425 543,895 332,873 Dlroct Charftablo Exp•ndlturn 136,681 288,070 424,751 418,104 Total Expendltur• 136,681 288.070 424,751 418,104 Ro8ourc•8 retslned for furth•r u8e 10,789 108,355 119,144 (85,231) Tran8f•r botwoen Funds Net Movement In Funds R•conclllatlons of Funds Brought forward 0110412023 71,971 86,769 158,740 243,971 Carrfed forward 3110312024 82,760 195.124 277,884 1 $8,740 Movements In reserves and all recognlsed and losses are shown above. The charlty's Incoming resources and resources expended all relate to continuing activites, The notes on pages 7-12 forni part of these financial statements.
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Registered Charfty No. 1010556 RagF8ternd Company No. 02543666 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Poll¢lo8 Basls of Praparatlon. These accounts have been prepared on an accrual basis end include income and expenditure as they are 8amed or incurred, rather than as cash r8C8ived or p8id. Reference to th8 "Charities SORP. refers to th8 Charites SORP {FRS 1021.. AccountSng and Reporting by Charfti6s." Stalemenl of Recommended Practlce applicable to ¢harities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland. 2nd edition effective 1 January 2019, and in accordance with the Compan188 Act 2006. la. In¢om• All income is recognlsed once the Charlty has entitllement to th8 Incom8, It Is probable that th8 Income will be received. and the amount of income r&8lvable can be measured rellably. Grants ar8 includwj in the Statement of financial activities on a rVable basis. The balance of income re¢eived for sp8clfic purposes but not expended during the perlod is shown in the relevant funds on th8 Balan Sh88t. Where incom8 IS f8ceived in advance of entitlement of r8c8lpt, Its recognition is d8f8rr8d and Includ8d In cr&litors 88 deferred income. Wh6r8 entitlent occurs b8for8 Incom8 is received, the Income is accrued. Incom8 tax r0Verable In rdation to donation8 r8C8ived under Glft Ald or deeds of covenant Is recognised at th8 tlm8 of the donation. Income tax recoverab18 In relation to inv85tment income is recognised at the tim8 the investMt income is recolvable. 1b. Expondlturn Expenditure Is r8cognised once there is a legal or constructive obligation to transfer economic benefit to third party, it Is possible that a transfer of economic benefits will be requir&1 in settlement and the amount of the obligatlon can be measured reliably. Expenditure on charitable activities is incurred on dlrectly undertaklng th8 actlvities which further the Charit3 objective8. 08 w91186 any a$$oclatgd support costs. Al expenditure is Inclusive of Irre¢overable VAT. 1c. Government grants Government grants are credlt&l lo the Statement of financlal activities as the related 8xpondltur8 is incurred. Id. Fund accountlng Unrestrfcted Funds are receivable or generated for the objects of the charity wthout further specified purwse and are available as gener81 funds. Restricted Funds are subjecled to restrictions on their expenditure imposed by the donor. Designated Funds are unrestricted funds but earniark by the truste8s for particular purposes. 10
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Registered Charlty No. 1010556 R8glsteTed Company No. 02543666 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 le. Taxatlon Tho Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of trhe Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity Is potentially exempt from taxation in respect of income or capital gains received wlthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Tax8tion of Chargeable Gains Act 1992, to the exztent that such incom8 or gains are applied exclusively to charitable purposes. 1f. Debtor8 Deblors are recognised 8t the settlém8nt amount. Prepayments are valugj at amouni pr8paid. 19. Cash at bank and In hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short matuity of thr88 months or less from tha date of acquisition or openinig of the deposlt or slmi18r account. 1h. Llabllltle8 and provl8lon8 Liabilities are recognis8d when there is an obligatlon at the ba18nce she81 datè as a restjll of a past èvent, 51 Is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amounl that Ihe Charity anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or services it must provide. Provisions are measured al the best estimate of the amounts r4uir8d Io s8ttle Ihe obligatlon. Where the effect of the tim8 value of money is matérial, the provision is based on the present value of those amounts, discounted at the pre-tax discount ratè that reflects the risks specific to Ihe liability. The unwinding of the discount is recognised in the Statement of financial adiviti8s as a finance cost. 11. Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that quallfy as basic financlal Instruments. Basic financial instruments are initially recognis8d at transaction value and subsequently measured at their settlement Value with th8 excception of bank loans which are susequently measur&J at amortis&Y cost using the eff*ive interest method. 1 j. Crltlcal accountlng estlmatss and areas of judgoment Estimates and judgements are continually evaluated and are based on historical expèrlence and other factors, including expectations of future events Ihat are believed to be reasonable under the circumstances. The Charity does not Curn11Y have any significant accounting estimates or areas of judgement. 1 k. Tangible Flxed Assets Equipment and other tangible fixed assets are capilalised when the cost is £500 or more
AL41ASANIYA MOROCCAN WOMEN'S PROJECT LTD Registered Charity No. 1010556 Registered Company No. 02543666 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 2 Debtors 2023124 2022123 Amounts Dug wlthln On# Yoar Debtors Totsl Debtors 76.397 76.397 3 Credltors 2023124 2022123 Amounts Due withln Ono Yoar Sundry Creditors Total Current Llabllltles 7,750 4 Incomlng Resourcos Unrestrlcted Rfrstrlcted 2023124 2022123 Grants Rebate Donations and Fundraising Bank interest Tolal Capitsl Prolect Incorne 142,440 396,425 538,865 324,630 7,900 5,030 5,030 343 332,873 147,470 396 425 5 Resourcos expended Unrestrlcled Restrlcted 2023124 2022123 Running Costs and Centre Manager Mental Health Project Grenfell Projett Domestic Vlolence - Angelou Project Domestic Violence Older Peoples, Outreach Projett EWB - BME Project HMRC Fundralslng/Donatlons Women's Aid COL Fund Healthworks ICEO LWHSP Morocco Earthquake Appeal Totsl resources expended 59,960 59,960 51,125 21,203 49,824 6,291 25,281 25,415 75.739 982 7,608 1.764 38,543 35,865 25,151 424.751 170,087 27,757 21,810 35,985 52,318 34,252 13,294 62,601 51,125 21,203 49,824 6,291 25,281 25,415 75,739 982 7,608 1,764 38,543 35,865 136 681 288 070 418104 12
AL41ASANIYA MOROCCAN WOMEN'S PROJECT LTD Registered Charty No. 1010556 Rogistored Company No. 02543666 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 6 MOVEMENTS IN RESTRICTED FUNDS At Start Intornlng Rosources RertaI Tr•n8fer8 At end ol year of year Expended Running Costs, CEO & Centre Manager Governance costs - accountancy 13,923 142,440 125,336 13,923 51,990 4,194 10,740 623 8,996 142,440 53,232 4,750 25,015 135,699 51,125 7,608 21,203 20,664 54,097 1,336 14,552 623 18,304 13,827 1,444 53,633 4,048 Mentsl Health Projett Women's Aid COL Fund Grenfell Projett UN ECOSOC Domestlc Vlolence - Angelou Projert Domestlc Vlolence - RBKCIWestmlnster Older People's Outreach Project BME Project Fundraising/Donations Healthworks ICEO LWHSP Independent Age Morocco Earthquake Appeal Total Mov¢m¢nt In R¢gtrlcted Funds 59,132 20.118 26,725 62,438 5,030 1,764 47,500 50,600 20,000 49,824 6,291 25,281 25,415 982 1,764 38,543 35,865 16,610 8,957 14,735 20,000 107076 543,895 424 751 226,219 13
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Rgglst•r8d Charlty No. 1Q10556 Registered Company No. 02543666 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 7 RESTRICTED GRANTS Year End Running Costs. CEO & Centre Managgr RBKC Corporate Servicos The Tudor Trust Westway Cur Alc Mourad lop up retum GSK IHC Lld Donats'ons-Amazon.co.uk 108,432 33,333 300 10 350 15 142.440 Mentsl Hgalth Prolgct RBKC Corporatè Sèrvic8s Westminsier City Council IBCAI Maln Grants Main GRSNTS NLCF NLCF North Kensington CNK Communlty Energ 9,000 3,000 15,000 10.732 15.000 500 53,232 Fundral8lnglDonatlons Paypal Yusra Drisyi Donation -S8(iaqa South Shore Production Doctors Worfdwlde House of Lords Ag8S8im M Donation 2,175 50 175 2,IKJO 550 5,030 Grnnfell Project P8yp81-Donation RBKC 15 25,000 2S,015 Ho4lthwork$ Dalg8mo Tru8t HWIAL Q2 22-23 1,764 1.784 DomeBtlc Vlol•n¢• . Angolou Proloct Wom8n's Aid Fod&ra Advance Advocacy Charity DOnaOn8 8,520 50,600 12 59,132 ICEO Lloyds Bank Foundation Clty of London-clty Brklge Tru81 25,000 47,500 Oldér P•opl•'s Outreach - Lunch•on Club RBKC Corporate Services Groundwork UK-TE 10.123 720 10.843 LINHSP Advance Advoc8¢y A Advance Ch8rty DOMtle Abuso- RBKClWtM1nSI•r RBKC Gèneral Wostmlnsl8r C Tha Blue Thread C 50,600 50,600 15.000 10,000 11,000 36.000 BME Project Thè BME Health F()rum The London Communlty Donatitsns 38,225 26,179 62.438 Women's Ald COL Fund Women's Aid Federa 4,750 4.750 Independent Age RUKBA TIA Independent Aga 20,000 20,000 Morocco EHrthquAkfr Appeal Morocco Earthquake- Payp81 25,151 25,151 14
TOTAL RESTRICTED GRANTS 543.895 14
AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Raglstered Charity No. 1010556 Reg15tered Company No. 02543666 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 8 STAFF COST AND NUMBERS 2024 2023 Staff Cost 133,771 160,626 62,601 223.227 133,771 9 No employee received emoluments of more than £60.000 in thi5 or the previous year. The average weekly numb8r of staff employed during the year, calctjlated on the basis of full-time equivalents. was.. No. 10 RELATED PARTIES, INCLUDING KEY MANAGEMENT PERSONNEL There weré no related party tr8nsactions in either this year or pr8evious year excepl those for key management personel as noted below. The key managemenl personnel of the Charity were the Trustèes and the Principal Officers who held the posts of Cenlre Manag8rs. None of the Dlrectors recedived any r8muneration or reimbursed expenses during thls or previous y88r. 2024 2023 Th6 Principal OffIr$, salary benefits were 71,500 71,500 11 DESIGNATED FUND £30,000-UNRESTRICTED 2024 2023 Staff Costs eg. Malemity Leave Contigencies Building Works 12,000 8,000 10,000 30,000 12,000 8.000 10,000 30,000 15