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2025-03-31-accounts

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS

Page
1 Cover Sheet
2 Legal and Administrative Details
3- 4 Independent Examiner's report
5 Balance Sheet
6 Statement of Financial Activities
7- 11 Notes to the Accounts

1

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556 Registered Company No. 02543666 ORGANISATIONAL PROFILE FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES Chair Lina El Baz Treasurer Meriem Agassim Soukaina Mansour resigned 16/09/2024 Hajar El-Otmani resigned 20/02/2025 Sara Fikrat Imane El-Hakimi Asma Harrak joined 17/09/2024

REGISTERED OFFICE: AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD Bays 4 & 5Trellick Tower Golbourne Road London W10 5PL BANKERS: HSBC Plc 152 Portobello Road London W11 2DZ ACCOUNTANTS: Charles Osei, BSc (Hons), MSc, FCIE, AFA, ATA, MCIPP Flat 3, 11 Rochdale Way, Deptford London SE8 4LY

2

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE TRUSTEES OF THE AL-MOROCCAN WOMEN'S PROJECT

I report on the financial statements for the year ended 31 March 2025 set out on pages 5 - 11.

This report is made solely to the Trustees of The Al-Moroccan Women's Project, as a body, in accordance with regulations made under section 145 of the Charities Act 2011 and Charity SORP. My work has been undertaken so that I might state to the Trustees matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and Charity's trustees for my independent examination work, for this report, or for the statement I have given below.

Respective responsibilities of Trustees and independent examiner

As charity trustees of the company (and also its directors for the purposes of the company law) and for the purposes of charity law, are responsible for the preparation of the financial statements, in accordance with requirements of the companies Act 2006 ("the 2006 Act"), the Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and under Part 16 of the 2006 Act, and that an independent examination is needed.

I report in respect of my examination of the Charity's accounts carried out:-

Basis of independent examiner's statement

My examination was carried out in accordance with the 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 you as 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 reports limited to those matters set out in the statement on the next page.

3

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE TRUSTEES OF THE AL-MOROCCAN WOMEN'S PROJECT

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Charles Osei, BSc (Hons), MSc, FCIE, AFA, ATA , MCIPP Flat 3, 11 Rochdale Way Deptford London SE8 4LY

Date …................

4

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No.

0254

3666 BALANCE SHEET AS AT 31 MARCH 2025

----- Start of picture text -----
Notes 2024/25 2023/24
£ £
Fixed Assets - -
Current Assets
Debtors and prepayments - 76,397
Cash at Bank and in hand 185,650 201,487
Creditors: Amount due within One Year
Other Creditors 2 - -
Net Assets/Liabilities 185,650 277,884
Reserves
Restricted Funds 143,507 195,124
Unrestricted Funds - General 12,143 52,760
- Designated 30,000 30,000
42,143 82,760
185,650 277,884
----- End of picture text -----

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities.

For the year ended 31 March 2025 the Company was entitled to exemption under section 477 of the Companies Act 2006. Furthermore, no notice has been deposited under section 476 by members of the Company requiring it to obtain an audit of its accounts for the year in question.

The Directors acknowledge their responsibility for:

(i) ensuring the Company keeps accounting records which comply with section 386, and

(ii) preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of its financial year, and of its profit and loss for the financial year in accordance with section 396, and which otherwise comply with the requirements of the Companies Act relating to accounts as far as applicable to the Company.

Approved by the trustees on the 16[th] July 2025 and signed on their behalf by:

MERIEM AGASSIM

Meriem Agassim Trustee and Treasurer

5

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556
Registered Company No. 2543666

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes
Resources Arising
Income from Charitable Activities
3
Total Income
Direct Charitable Expenditure
4
Total Expenditure
Resources retained for further use
Transfer between Funds
Net Movement in Funds
Reconciliations of Funds
Brought forward 01/04/2024
Carried forward 31/03/2025		 Unrestricted

Funds
£
58,286		 Restricted
Funds
£
295,618		 2024/25
Total Funds
£
353,904		 2023/24
Total Funds
£
543,895
58,286
98,903		 295,618
347,235		 353,904
446,138		 543,895
424,751
98,903
(40,617)
0
82,760
42,143		 347,235
(51,617)
0
195,124
143,507		 446,138
(92,234)
-
0
277,884
185,650		 424,751
119,144
-
0
158,740
277,884

Movements in reserves and all recognised and losses are shown above.

The charity's incoming resources and resources expended all relate to continuing activities.

The notes on pages 7-11 form part of these financial statements.

6

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies

Basis of Preparation.

These accounts have been prepared on an accrual basis and include income and expenditure as they are earned or incurred, rather than as cash received or paid. Reference to the "Charities SORP" refers to the Charities SORP (FRS 102): Accounting and Reporting by Charities: 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. 2nd edition effective 1 January 2019, and in accordance with the Companies Act 2006.

1a. Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1b. Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is possible that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1c. Government grants

Government grants are credited to the Statement of financial activities as the related expenditure is incurred.

1d. Fund accounting

Unrestricted Funds are receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted Funds are subjected to restrictions on their expenditure imposed by the donor. Designated Funds are unrestricted funds but earmarked by the trustees for particular purposes.

7

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1e. Taxation

The 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 within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1f. Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at amount prepaid.

1g. Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1h. Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it 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 amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

1i. Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1j. Critical accounting estimates and areas of judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity does not currently have any significant accounting estimates or areas of judgements.

1k. Tangible Fixed Assets

Equipment and other tangible fixed assets are capitalised when the cost is £500 or more

8

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

Creditors
Sundry Creditors
Total Current Liabilities
Incoming Resources
Grants
Rebate
Donations and Fundraising
Bank interest
Total Capital Project Income		 Amounts Due within One Year
Unrestricted
Restricted
£
£
52,743
295,618
-
-
5,543
-

-
-		 2024/25
£
-
0
2024/25
£
348,361
-
5,543
-		 2023/24
£
-
0
2023/24
£
538,865
-
5,030
-
58,286
295,618		 353,904 543,895
4Resources Expended
Running Costs and Centre Manager
Mental Health Project
Grenfell Project
Domestic Violence - Angelou Project
Domestic Violence
Older Peoples' Outreach Project
EWB - BME Project
HMRC
Pension NEST
Fundraising/Donations
Women's Aid COL Fund
Healthworks
ICEO
LWHSP
Morocco Earthquake Appeal
NatWest Circle Fund
Grabiner
Smallwood Project
Independent Age
Total resources expended		 Unrestricted
Restricted
£
£
39,746
33,661
-
83,141
-
22,958
-
36,955
-
-
-
22,695
-
37,606
53,165
-
5,992
-
-
-
-
1,336
-
1,196
-
41,457
-
39,196
-
569
-
2,000
-
230
-
4,235
20,000
98,903
347,235		 2024/25
£
73,407
83,141
22,958
36,955
-
22,695
37,606
53,165
5,992
-
1,336
1,196
41,457
39,196
569
2,000
230
4,235
20,000
446,138		 2023/24
£
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

9

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

5MOVEMENTS IN RESTRICTED FUNDS
Running Costs, CEO & Centre Manager
Governance costs - accountancy
Mental Health Project
Women's Aid COL Fund
Grenfell Project
UN ECOSOC
Domestic Violence - Angelou Project
Domestic Violence - RBKC/Westminster
Older People's Outreach Project
BME Project
Fundraising/Donations
Healthworks
ICEO
LWHSP
Independent Age
Morocco Earthquake Appeal
NatWest Circle Fund
Grabiner
Smallwood Project
Total Movement in Restricted Funds		 At start
Incoming
Resources Transfers
At end
of year
Resources
Expended
of year
£
20,664
£
52,743
£
60,571
£
£
12,836
20,664
52,743
73,407
-
-
54,097
30,000
83,141
-
956
1,336
-
1,336
-
14,552
52,076
22,958
-
43,670
623
-
-
-
623
18,304
63,118
36,955
-
44,466
13,827
-
-
-
13,827
1,444
22,040
22,695
-
789
53,633
32,030
37,606
-
48,057
4,048
15,895
-
-
19,943
-
1,196
1,196
-
-
8,957
32,500
41,457
-
-
14,735
29,658
39,196
-
5,197
20,000
-
20,000
-
-
-
-
569
-
(569)
-
2,000
2,000
-
-
-
11,000
230
-
10,770
-
20,000
4,235
-
15,765
226,219
364,256
386,981
-
203,494

10

AL-HASANIYA MOROCCAN WOMEN'S PROJECT LTD

Registered Charity No. 1010556

Registered Company No. 02543666

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

7 STAFF COST AND NUMBERS

Staff Cost 2025
£
107,467
-
107,467		 2024
£
133,771
-
133,771

8 No employee received emoluments of more than £60,000 in this or the previous year. Nil

The average weekly number of staff employed during the year, calculated on the basis of full-time The average weekly number of staff employed during the year, calculated on the basis of full-time The average weekly number of staff employed during the year, calculated on the basis of full-time
equivalents, was: No. No.
3.2 3.5

9 RELATED PARTIES, INCLUDING KEY MANAGEMENT PERSONNEL

There were no related party transactions in either this year or previous year except those for key management personnel as noted below.

The key management personnel of the Charity were the Trustees and the Principal Officers who held the posts of Centre Managers.

None of the Directors received any remuneration or reimbursed expenses during this or previous year.

The Principal Officers' salary benefits were
10 DESIGNATED FUND £30,000 -UNRESTRICTED
Staff Costs eg. Maternity Leave
Contingencies
Building Works		 2025
£
71,500
2025
£
12,000
8,000
10,000
30,000		 2024
£
71,500
2024
£
12,000
8,000
10,000
30,000

11