Halesowen/Dudley Yemeni Community Association Annual Report and Financial Statements For year ended 31 March 2024 Reglstered Charlty No. 1034937
Halesowen/Dudley Yemeni Community Association INDEX 31 March 2024 Page Information Executive Committee 's Report 2to7 Indcpendent Exarniners Report Statement of Financial Activities Balance Sheet 10 Notes to the Finaneial Statements Ilto18
Halesowen/Dudley Yemeni Community Association CHARITY INFORMATION Management Committee Mr Marwan Bakaili Mr Saitr Salih Mr Mo-Ammar Abdo Mr Mhmoud Thater Mr Basheer Edhah Mrs Ibtisam Kassim Mr Khaled Abdo Chair Vice Chair Secretary Treasurer Comm memb¢r Comm member and Womens Le4d Vice Secretary Charity Number 1034937 Charity Correspondence Address Halesowen Cultural Centre Highfield Lane Halesowen West Midlands B63 4SG Independent Examiner Gary Peter Brookes FCA Bsc 130 Wombourne Park Wombourne S Staffs WV5 OLY Bankers Barclays Bank PLC Halesowen Branch Dudley Area Group of Branches PO Box No 9 Dudley West Midlands DYI IPP page I
Halesowen & Dudley Yemeni Community Association Executive Committees, Report for the year ended 31 March 2024 The Executive Committee present their report and accounts for the year ended 31 March 2024. Structure governance and management. The Charitable Trust is constituted by Trust Deed for the proffloting awareness of the Yemcni culture and the Islami¢ Faith, advancement of education, relief of poverty, and the provision of recreational facilities in the interest of social welfare with the object of improving the conditions of life for the said inhabitants. The prime focus of the association is to address all these issues as far as they relate to the requirement of the Yemeni population within the Halesowen and Dudley areas. This was done by the setting up of an interim community centre where various known activities can be arranged managed and performed. The Executive Cominittee named on page one has served during the year. Appointment of Executive Committee is governed by tlie Trust Deed of the charity. The Board of Executive Coinmittee is authorised to appoint new Executive Committee to fill vacancies arising through resignation or death of an existing trustee. 7 trustees are chosen at the AGM by nomination and subsequent election. At the same time 3 more members are co-opted of which two will be women and will be required to be involved as specific needs arise throughout the year. New trustees are inducted according to individual requirements they will be given a copy of the constitution, recent accouiits and newsletters, policies and procedurcs, roles and responsibilities logether with board meeting minutes and papers. Appropriate training is made available where and when require. Objcctiv¢s and activities The policy of the Charitable Trust continues to seek additional finance and support to continue to run the projects funded and to initiate a review process to eiisui'e tlie Trust adequatcly complies with the cl)anging cnvironment of the charity world and sufficiently prepare to meet the challenges ahead. How our activities deliver ublic benefit The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have regard to the Charity Commisslon's general guidance on public benefit "Charities and Public Benefit" Our main activities and who we try help are described below: . Achievements performance The trust has continued to provide a valuable role to the local community in maintaining it5 high standards of service and benefits in meeting the increasing needs of the growing Yemeni community numbered at approx. over 3500. The success of the new centrc built in April 20 I8 has resulted in a yearly increas¢ of users from the wider diverse coinmunity. In 2022 the trust was honoured and proud to receive the Queens Award in recognition for its voluntary service to the community. This is the highest aocolade a voluntary organisation receives in recognition of its outstanding work with th¢ community. The trust has been busy throughout the financial year with a weekly series of programmes at the new modern facility. The excellent modern facilities have provided the platform required to meet the needs of its users and beneficiaries. It has provided the required capacity to continue with current programmes and implement new projects dependent on funding. page 2
Halesowen & Dudley Yemeni Community Association Executive Committees, Report for the year ended 31 March 2024 (eontd) The on-going programmes are as follows: Licenccd Venue for Civil and Religious Marriages In late 2023 the trust was successfully granted a marriage licence to conduct civil and religious marriage ceremonies at the centre. Arabic Language classes This is a vital long-term programme that meets the deinands of the community from both Arablc and Non- Arabic speaking individuals. It serves a higli number of bcneficiaries from young children to adults. Quran Classe5 A programine of classes that teaches the reading and und¢rstanding of Islam's Holy Scripture in the classical Arabic language. The sessions include adults and children's classes. ESOL Classes (Women) This programme is English Languagc classes for women held weekly in partnership with a local college. Shaw Trust The trusl has built a strong relationship working in partnersliip in helping the unemployed return back to employment. The facilities are used over a period of 2 to 3 days during tlie working week providing advice, assessments and training. DAY trips activities The Irusl arranges day trips activities for families and children which have proved very successful and enjoyable ror the community. Slimming World The trust workiiig iii partnership weight watchers by allowin8 the facility to be available for two sessions a week. This has proved very popular with increasing numbers registering. Cultural Activities An iinportant activity witli the participation of the local Yemeni community who socialise and meet at the centre to celebrate Yemeni culture. This creates and builds bridges of understanding with the local community. The return of Cultural and Social events is invaluabl¢ with activities held in partnerships with the police, community and educational organisations to celebrate educational and inspirational achievements. GCSE Arabic Classes. Working in partnership with a local high school, providing an opportunity for young people to gain a qualification in spoken and written Arabic. Place of Worship. In 2021 th¢ centre h&s part of the facllity registered as a place of religious worship. Mathematics Support Classes. Extra support for young people outside schools, hours to assist with their GCSE ambitions for such a vital subject. Interfaith Dialogue. The trust has buil¢ close friendship and trust working in partnership with local churches. schools, colleges and police in building bridges of understanding. This includes having meetings, arranging visits and providing presentations of the work and services available to all. page 3
Halesowen & Dudley Yemeni Community Association Executive Committees, Report for the year ended 31 March 2024 (contd) Advice & Information Service This is a vilal and iinportant service to the both the Yemeni and the wider community due to th¢ languag¢ barrier. It provides an access to the community to help resolve problems and hardship. Advice is giving on various issues such as: Employment Welfare Benefits Housing & Council Bcnefits Housing accommodation Education Training Courses Tax Credits 14ealth Advice Immigration Passports Translation (English to Arabic) Debt British Nationality Job Search Opportunities The centre is also used as a drop -in facility for members of the community to access inforniation for employment. Health Awarencss Sessions Sessions held wilh Meiital Health advice, healthy eating, and advice on fasting during tlie holy of Ramadan especial ly to individuals with health issues. Training se8SIOIIS The Management Committee, staff and volunteers attended relevant training courses to help further improve the runiitiig of the organisation. This includes safeguarding, teacher training, health and safety, first aid training. Youth Project Activities The trust has provided awareness sessions for young people covering a wide area of issues. The trust was successful in April 2023 in receiving funding of £10,000 from the Main Grants TNL Awards for all. Also, in Scptember 2023 £3500 was granted in partnership with the West Midlands Police and Crime Commissioner Youth Projects. The youth centre building is currently leased from the local autl)ority. The trust is currently in discussions with tlie local authority in renegotiating a new lease agreement to find a solution that will help the trust develop the youth centre facility and its surroundings area. The trust is proposing a n¢w developinent of a sporting facility and also a youth centre, Mediationlsupport Service The trust is now providing a mediation and support service to the Community to help discuss and resolve varlous issues within the community. This h&s proved to b¢ constructive and welcomed by the beneficiaries and wider community. Bereavement Support. A valuable support service to help and assist individuals and families during the difficult period of bereavement by offering guid]Ce and support throughout when quIred. page 4
Halesowen & Dudley Yemeni Community Association Executive Committees, Report for the year ended 31 March 2024 (contd). Other aetivities The Irust has been successful in making the facilities available for hire. The centre has been used for community meetings by other diverse groups including visits by local Councillors, N14S staff and educational seminars etc. The trust also works in partnership with West Midlands police as tliird-party reporting c¢ntr¢. The trust would not be able to provide such an extensive service to our beneficiaries without the willing support staff who give their services voluntarily. Review of business The gross overall income for the year was lower at £144,867. The overall day to day expenditure increased slightly to £146.628 in line with additional youth income and related ¢xp¢nditure. In recent years tlie Inost of restricted funds have been used to acquire and develop the facilities shown in the balaiice sheet at £ 1,037,218 to date Future Plans The trust has continued to develop to meet new demands and challeiiges. The Queens Award achievement in 2022 is an iinportant recognition in the vital work tlie trust provides to all its beneficiaries. Tlie trust recognises the importance of maintainingF a high level of service. Since tlie openiiibi of the new centre in 2018 the opportunities this has created have been immeasurable. The trust is iii discussions and is due to finalise an agireeinent witli tlie local authority of a new much improved land lease agreement that will secure the long-term future of the trust for many generations, Tlie trust has continued to source funds to cover the operational costs. The centre provides a modem high-tech facility that is a vital requirement in attracting organisations to hire for training and conferences providing a valuable income stream, The trust has a made a commitment to continue the Luncheon Club Programme on a voluntary basis. Funding will continue to be sourced. The trust is in the process of preparing on a S-year Business plan from July 2024 in targeting the future opportunities and challenges ahead. It is ambitious in its plan of continuous growth and Improving its services and operations to cater for the ever-changing social environment. The increasing Yemeni population within the borough has resulted in ¢ver incr¢asing pressures on the association to caterthe needs £d dcmands of the colnmunity. The Yemeni community is still a poor cominunity, and the association has a vital rol¢ in improving the future prospects and opportuiiitics of th¢ current and future generation of Yemenis within the Dudley Borough. This ffis especially true in the flelds of educatlon, training and future employment. However, we are now withessing a 2. generation of young Yemenis achieving academic success graduating from top universities. The trust is confident that they will aspire to step up and be the role models to become community lead¢rs to take the trust forward to the trust also has the increased responsibil ity of catering the needs of other Arabic sp¢aking coinmuniti¢s from Iraq, Syria and North Africa. The numbers arc increasing each year with many requiring urgent assistance of support to help settle in a new environment. The trust is working with bid writers to source the required funding for a centre manager to manage a growing operation at the trust facility that has now become a major hub serving the local community. The trust has been succcssful in receiving funding of £25000 from Heart of England to implement a youth programme during the periods July 2024- October 2024. pag¢ 5
Halesowen & Dudley Yemeni Community Association Executive Committees, Report for the year ended 31 March 2024(eontd) The trust has worked extremely hard and contributed to a leading role in helping to nurture young people to academic success. Tlie trust is in the process of completingr and sourcing funding applications to help meet the demands and increased services of the new centre. The trust has taken on an ambitious project in developing and further increasing the required services to meet the demaiids of an ever-iiicreasing Yemeni population, The new centre has given the trust the ambition and confidence to meet th¢ challenges ahead. This provides a tough challenge for the association which the management committee and members alike will work hard in ensuring tliat the association will achieve its targets in safeguarding the well-being of the community. The trust is in negotiations with the local authority to discuss a new lease arrangement covering a much wider area that includes the current new build and adjacent land that includes a youtli Cent and an outdoor sportlng facility. The trust is looking to source funding to regenerate an area of land with a new recreational and modern sporting facility that will b¢¢ome a major venue to a wider community. The trust is continuously assessed by working parties made up of Executive Committee, Voluntccrs and External parties, acting in a consultative capacity. Tliese reviews cover all aspects of tlie Trust including the governing document, management and policies of the trust. Current Strategy The trust is always in the process of completing funding applications to meet the nccds and demands and the runiiiii&T of a modern facility. The trust lias a steady incoine streani from the hire of tlie facilitics. The centre lias been dependant on many volunteers to work at the ceiitre to continue the necessary services urgently required by the coinmunity. Core funding is imperative for the continuation and the building up of this emergiiig valuable resource. Tlie trust has maintained to coiitinue various projects sucli as tlie lunchcon club voluntarily until furthcr funding is sourced. The trust has been successful in sourcing funding for youth projects and is currently working with bid writers with applications for funding future projects are in progress. The trust is currently renegotiating a new lonsr term leasc agreement that will further strengthen its positioii to source long term funding on vital services and projects. A major priority will be the potential redevelopment of the Youih Centre site and its surroundings. Negotiations are on-goingr with the local authority with regards to its future and Ihe funding source required for the necessary work to regenerate the site and to bulld a new youth and sportin&F facility. The trust will always continue to maximise the huge potential of the new centre by marketing its excellent conference facilities for hire. This will potentially Increase the income revenu¢ substantially over the n¢xt financial year. The ambitious plans for the development of the association are of paramount importance to its future long- tem] success in improving the current and providinbv the urgent services r¢quired catering for the ever- clianging needs of the Ycmeni community and also the wider local diverse communitics. The new modern facility with a comfortable accessible environment for all will provid¢ the injection required in helping the association to achieve its aims and objectives by providing a platforrn for the Yemeni and the wider community in helping to improve their quality of life, page 6
Halesowen & Dudley Yemeni Community Association Executive Committees, Report for the year ended 31 March 2024{contd) Risks and Reserves Policy The trust would value embracing projects and schemes that Icave scope for some accuinulatioii of funds for working capital and contingent liability requirements. As the cash backed reserves are relatively low the reserves policy is to fully utilise these funds as working capital given the familiar problems of grants after financial commitments have been made. The invaluable long term statutory core funding is iinpcrative for the continuation and the building up of this emerglng valuable community resource. Going Concern The Executive Committee consider that after making enquires, they liave a reasonable expectation that the Trust has adequate resources to coiitinuc in operational existence for the foreseeable future. Accordingly, they contii)ue to adopt the going concern basis in preparin&y the accounts. Statement of Executive Committee, Responsibilitics The Executive Committee are required under the constitution of the charity to prepare financial statements each financial year which give a true and fair view of the state of affairs of ihe charity and ofils results forthat period, In preparing those financial statements the Executive Committee are required to: (a) Select suitable accounting policies and apply them consistently. (b) Make judgements and cstimates that are reasonable and prud¢nl. Tlie Executive Committee are responsibl¢ for keeping proper accouiiting records which disclose with reasonable accuracy at any time tlie financial position of the charity. They are also responsible for safeguarding the assets of ili¢ cliarily and hence for taking reasonable steps for tlie prevention aiid detection of fraud and otlier irregularities. Approval This report was approvcd by the Executive Committee on 14 Augiust 2024 and signed on their behalf. page 7
Halesowen & Dudley Yemeni Community Association Independent Examiner's Report to the Executive Committee for the year ended 31 March 2024 I report to the charity trustees on my cxamination of the accounts of the charity for the year ended 31 March 2024, which are set out on the following pagvcs Responsibilities and basis of the report As the Charity, s trustees you are responsible for the preparation of the accounts. and consider that the audit requirement of section 144 (2) ot. the Charities Act 2011 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 144 (2) of the Act and state on the basis of procedures specified in the Directions given by the Charity Commissioners under section 145 (5) (b) of the Act, whether particular matters have come to my attention. Independent examiner's statement In conncction with my completed exainination. I confirm that no malerial matters have come to my attention in connection with thc examinalion giving cause to believe thal in any material respect: Accounting records were not kept in respect of the charity as required by section 130 of the The accounts do not accord with those records. or The accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts L7ive a true and fair view, which is not a matter considered as part of an independent examination 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 to cnable a proper underslandingy ofthe dccounts to be reached. Gary Peter Trookes Fellow of the Institute of Chartered Accountants of England & Walcs I30 Wombourne Park, Wombourne, South Staffs WV5 OLY 14 August 2024 page 8
Halesowen/Dudley Yemeni Community AssocAation Statement of Financial Activities for the Year to 31st March 2024 Nott5 Rcstrlettd Fun(Is Unrcytriettd Furtd5 2024 DeslenAttd fund5 TotAI 'rotxl Funds 2024 2024 2024 2023 Income Donations 13,500 63,791 77,291 53,301 Charitable activities 39,219 28,357 67,576 67,497 TOTAL 52,719 92,148 144,867 120,798 Expenditure Charitable Activities 51,904 94,724 146,628 127,414 TOTAL 51,904 94,724 146,628 127,414 Net income 815 (2,576) (1,761) (6,616) Reconciliation offunds TrAnsfer of funds (59,000) (16,000) 75,000 Total funds brought forward 1,096,483 40,412 25,000 1,161,895 ,168,510 Total funds carried forward 1,038,298 21,836 i 00,000 1,160,134 1,161,895 Therc were no recognised gains or losscs for 2024 or 2023 other than those includcd in the Financial Activities page 9
Halesowen/Dudley Yemeni Community Association Balance Sheet as at 31st March 2024 2024 2023 Notes Fixed assets Tangible assets 1,037,218 1,060,021 Current assets Debtors Casli at Bank and in hand Total current assets 12 14 4,411 120,405 124,816 430 103,144 103,574 Creditors., amounts falling due witliin one year 13 (1,900) (1.700) Net current assets 122,916 101,874 Net Assets 1,160,134 1,161,895 Funds of the Charity Unrestricted Funds Designated Funds Restricted Funds 21,836 i 00,000 1,038,298 40,412 25,000 1,096,483 15 15 1,160,134 1,161,895 Approved by the Executive Committee on 14 August 2024 and signed on their behalf Signature NAME MAfy.y.kN UkthLI M6.AMMK A&bo page 10
Halesowen/Dudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 l Accounting policies Basis of preparation of accounts The charity constitutes a public benefit entity as defined by FRSI 02, The financial stateinents have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparingF their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) second edition published 2019 and the Charities Act 2011 and UK Generally Acc¢pted Practice as it applies from l January 2015. b) Preparation of the accounts on a going concern basis The trustees consider that providing statutory reports are favourable and funding crileria appropriate and fair the charity could continue to be a going concern. Funds Unrestricted funds are incoine funds which are to be spent on the charity's general purpose. Restricted funds comprise of two elements . Designated funds earmarked for the use of relaunching operations aiid staff salaries a) income which may be expcnded only on tliose reslriclcd objecls provided iii the terms of the trust or bequest b) donations or grants received for a specific object or invited by tlie charity for a specific object. The fuiids may only be expended on the specific object for whicli tliey were given. Any balance remaining uiispent at the end of eacl) year Inust be carried forward as a balance oli that fuiid. The charity does not usually iiivest separately for each fund. Income Planned giving, collections and donations are recognised when received. Tax refuiids are recognised when the incoming resource to whicl) they relate is received. Grants and Legacies are accounted for when the cliarity is legyally entitled to the amouiits due. All other incoine is recognised whei) it is receivable. All incoming resources are accounted for gross. Resources expended Granls aiid doiiations are accounted for when paid over, or when awarded, if that award creates a binding or conslructive obligatioii on the Charity. Amounts receivcd specifically for mission are dealt with as r¢stricted funds. Al l otlier expenditure is generally recognised wheii it is iiicurred and is accounted for gross. Donated services and faeilitics These are only iiicluded An incoming rcsources with an equival¢nt amount in resourccs expended where tlie benefit to the cliarity is rcasonably quanlifiabl¢, Ineasurable and miiterial. Equipment is capitalised if it can be used for more tlian one year, and cost at Icast £1,000. They are valued at Office cquipment @20% on a reducin&y balance basis Veliicles @250/0 Straight line basis Leasehold improvements @2 /0 Straight line basis Leasehold Building @ 2 % straight liiie basis page 11
HalesowenlDudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a t]iird party and the amount due to settle the obligation can be m¢asured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Going Concern The Trustees consider that the charity remains viable for tl)e year aliead Governance costs Includes costs of tli¢ preparation and examination of statutory accounts, the costs of Trustee meetings and cost of any legal advice to Trustees on governance or constitutional matters. SuDDort Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the Trustees, annual report pag¢ 12
Halesowen/Dudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 2. Income from Donations 2024 2024 2024 2023 Restricted Funds Unrestricted Funds Notes Total Total General and Building Project Small graiits Event Contributions Profit on sale of Mini Bus Friday and other donations and gift aid tax refunds 61,513 61,513 13,500 2,278 44,824 3,750 13,500 2,278 4,599 128 53,301 77,291 3. Income from charitable activities Members fees Sundry Income Room Hire Arabic Studies Fees Arabic Women classes and books Arabic GCSE Classes 2,290 2,307 23,760 2,290 2,307 23,760 39,219 2,530 3,497 17,222 40,953 1,435 1,860 67,497 39,219 39,219 28,357 67,576 page 13
Halesowen/Dudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 4 Charitable activities expenditure 2024 2024 Restricted Unrestricted 2024 Total 2023 Total Centre Activities Direct Costs Support Costs 60,692 IJ,508 72,200 60,692 11,508 72,200 54,145 13,680 67,825 Arabic School Teachers and Tutors Direct Costs ,Support Costs 23,677 13,171 2,556 39,404 23,677 13,171 2,556 39,404 20,648 11,218 3,988 35,854 Other ProjectslActivitics Direct Costs Centre Depreciation 12,500 12.500 22,524 35,024 1,211 22,524 23,735 22,524 22,524 12,500 51,904 94,724 146,628 127,414 5 Human Resources and Direct Costs 2024 2024 2024 2024 2023 Main Centre Arabic School Other Projects Total Total Teacliers and Tutors Rent Water Rates & Insurance Heat & Light Caretaker, cleanin8 & rnaintenance Premises and repairs costs School Materials Minibus running costs Travel expenses Outing & Eveiits Sundry expenses Expensed Low Cost equipment Volunteers training and travel costs Training Recruitment School Expenses 35,003 2,459 4,962 5,589 3,357 23,677 1,279 2,184 2,422 1,065 3,798 58,680 3,738 7,146 8,011 4,422 3,798 52,555 4,943 6,968 3,214 2,209 3,710 1,045 10 5,806 7,496 14 1,081 1,120 639 105 459 100 10,380 1,975 18,996 2,628 1,186 459 831 285 731 36 189 941 87,072 60,692 36,848 12,355 109,895 page 14
Halesowen/Dudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 6 Support Costs 2024 2024 Arabic School 2024 Youth Projects 2024 2023 Main Centre Total Total Printing Stationery & Postage Depreciation of Equipment Software IT and Computers costs Miscellaneous Office exp Professional and Governance 2,335 4,106 2,357 278 278 348 909 1,044 1,692 2,047 2,047 5,461 1,798 2,093 683 1,086 1,086 1,521 3,055 500 3,555 5,756 11,508 2,556 145 14,209 17,818 Support costs are allocated to the various projects on a best fit criteria. The L'xecutive attempt to align incoming resources with direct charitable costs with the balance of available incoine beeii sel against support costs on a remnant basis 1,771 135 150 145 Tliis lias tended to work well to date but as the project expands a much Inore objective assessment of support costs allocation will need to be used. The computerised accounting package docs assist the Executive Committee in tliis process 7 Governance Costs 2024 2024 Restricted Unrestrictcd 2024 Total 2023 Total Trustec Travel costs Building planning Professional Fees fundraiser Independent Examiner ( includes 151 re prev year ) 504 504 1,000 2,051 3,555 2,016 2,000 1,725 5,756 1,000 1,000 2,000 1,051 1,555 8 Net movement in funds for the year 2024 2023 The net movement in funds for the year is stated after charging: Depreciation of tangible assets Independent examiners accounts compilation and report 9 Trustce xpenses Oiher than reiinbursed charity project costs no trustee received personal expenses other than minor travel costs and one grass cutting ev¢nt 10 Staff Costs No remuneration was paid to the trustees in the year Gross Salaries Pension costs 22,802 1,900 22,872 1,725 670 2024 492 2023 63,705 1,030 64,735 58,195 660 58,855 There were a number of part time (pt) workers during the year Tutors all pt Admin Centre Cleaner / Caretaker (both pt) 10 io pagc 15
Halesowen/Dudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 I l Fixed Assets Leasehold land Furniture & and premises Equipment Total Cost/Value as al l April 2023 1,126,202 35,760 ,161,962 additions at cost Disposal as at 31 March 2024 ,126,202 35,760 1,161,962 Depreciation as at l April 2023 67,572 34,370 101,942 charge for the year Disposal - as at 31 March 2024 22,524 278 22,802 90,096 34,648 124,744 Net book value at as at 31 March 2024 1,036,106 1,112 ,037,218 Net book value at as at l April 2023 ,126,202 567 1,126,769 12 Debtors and Prepayments 2024 2023 Trade Debtors 4,411 4,411 430 430 13 Creditors: Amounts falling due within one year. 2024 2023 Trade Creditors Accruals 1,900 1,900 1,700 1.700 page 16
Halesowen/Dudley Yemeni Community Association Notes to the Aecounts for the Year to 31st Mareh 2024 14 Bank & Cash Aecounts 2024 2023 Current Account 3,158 23.634 Deposit account ( Building fund) Petty Cash 117,148 79,410 99 120,405 100 103,144 15 Restricted Fund Movements Fund Balanees carried rorward Fund Balances carried forward Incoming Rcsourccs Oulgoing Resources Fiinds transfer Capital Building fund 1,055,923 (59,000) 996,923 General Projects Luncheon Club BL Awards For All & West Midlands Police Commissioner Youth Project Arabic School and Classcs 114 114 13,500 39,219 12,500 39,404 1,000 40,261 40,446 1,096,483 52,719 51,904 (59,000) 1,038.298 Unrestricted Funds 40,412 92,148 94,724 (16,000) 21,836 Designated 25,000 75,000 100,000 Total funds 1,161,895 144,867 146,628 1,160,134 Designated Funds These funds Iiavc been earmarked to coinplement funding applications for redevelopinent ofthe youih and community centre annex 16 Related Party Transactions Nora Thafer, one of the trustees relative, received £3,01 I for the work carried out in the Arabic School Sarah Abdo is a relative of trust¢e Mo-Ammar Abdo and received £2,664 for the work carried out in the Arabic School Marwan Bakaili reimbursed expenses for grass cutting £670 page 17
Halesowen/Dudley Yemeni Community Association Notes to the Accounts for the Year to 31st March 2024 17. Prior year SOFA comparison Statement of Financial Activities for the Year to 31st March 2023 Notes Ile$tricted fi undi Ilnreitricted 14unds DeslRnJ)te funds TotAI fiundg 2023 2n23 2023 Income Donations 53,301 53,301 Charitable activities 44,248 23,249 67,497 TOTAL 44,248 76,550 120,798 Expenditure Charitable Activities 58,378 69,036 127,414 TOTAL 58,378 69,036 127,414 Net income (14,130) 7,514 (6,616) Reconci1Sation of funds Total funds brought forward 1,110,613 32,897 25,000 ,168,510 Total funds carried forward 1,096,483 40,412 25,000 1,161,895 page 18