| Contents | Page | ||
|---|---|---|---|
| Members ofthe Board | and Professional | Advisers | 1 |
| Trustees Annual Report |
2-5 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial Activities | |||
| Balance sheet | |||
| Notes to the Financial Statements | 9-14 |
| Registered | charity name | London Alevi Cultural |
Centre And Cem Evi |
|---|---|---|---|
| Charity number | 1041394 | ||
| Charity Address | 19Clarendon Road |
||
| Hornsey | |||
| London | |||
| N8 ODD | |||
| Trustees | Ibrahim HAS |
||
| Seyful la h SONMEZ | |||
| Hasret BOZDOGAN |
|||
| Accountant | United Accountancy | And Co Limited | |
| T/A Certax Accounting | |||
| 8 Clock House Parade | |||
| North Circular Road | |||
| LondonN13 6BG |
|||
| Bankers | Barclays Pic |
| Unrestricted | Restricted | Total Funds | Total Funds | Total Funds | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||||||
| Note | f | f | E | f | |||||||
| Incoming resources | |||||||||||
| Voluntary income |
186,360 | 186,360 | 122,112 | ||||||||
| Activities for generating | funds | 345,751 | 345,751 | 147,858 | |||||||
| Total incoming resources |
532,111 | 532,111 | 269,970 | ||||||||
| Incoming resources from | |||||||||||
| generating funds: |
|||||||||||
| Resources expended | |||||||||||
| Costs ofgenerating funds: |
|||||||||||
| Cost ofgenerating Voluntary |
Income | ||||||||||
| Fundraising trading: |
|||||||||||
| Cost ofgoods sold and other | costs | 5 | — | 158,757 | - | 40,838 | — | 199,595 | - | 79,370 | |
| Other resources expended | 6 | — | 3,450 | 3,450 | - | 1,500 | |||||
| Governance costs (less ofdepreciation) |
7 | — | 201,087 | 201,087 | — | 96,195 | |||||
| Total resources expended | 363,294 | - | 40,838 | — | 404,132 | - | 177,065 | ||||
| Fund Surplus/Deficit | 168,817 | — | 40,838 | 121,276 | 92,905 | ||||||
| Total funds brought forward |
8 | 1,213,718 | 689,248 | 1,902,966 | 121,276 | ||||||
| Total funds carried forward | 1,375,832 | 648,410 | 2,024,242 | 1,902,966 |
| Unrestricted | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| Total | Total | 2023 | 2022 | ||||
| Note | Funds | Funds | Funds | Funds | |||
| E | E | f | E | ||||
| Fixed Assets | 10 | ||||||
| Tangible Assets | 1,918,696 | 675,210 | 2,593,906 | 2,600,609 | |||
| Current Assets | |||||||
| Debtors | 2,688 | ||||||
| Cash at bank and in hand | 108,769 | 108,769 | 24,969 | ||||
| 2,027,465 | 675,210 | 2,702,675 | 2,628,266 | ||||
| Current Liabilities: |
12 | ||||||
| Creditors, bank overdraft |
and accruals | ||||||
| (Amounts Falling due Within One Year) |
85,943 | 85,943 | - | 99,808 | |||
| Net current assets (liabilities) | 22,826 | 22,826 | — | 74,839 | |||
| Total assets less current | liabilities | 1,941,522 | 675,210 | 2,616,732 | 2,528,458 | ||
| Long term liabilities: | |||||||
| Amounts Falling due after |
|||||||
| More than One Year | -592,490 | 0 | -592,490 | -625,492 | |||
| Net assets | 1,349,032 | 675,210 | 2,024,242 | 1,902,966 | |||
| Fund Balance | |||||||
| Restricted income funds | 14 | 648,410 | 648,410 | 689,248 | |||
| Unrestricted income funds |
15 | 1,375,832 | 1,375,832 | 1,213,718 | |||
| Total funds | 1,375,832 | 648,410 | 2,024,242 | 1,902,966 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||||
| f | f | f | f | ||||||
| Donations | and | Charity | 149,814 | 149,814 | 17,357 | ||||
| Community | Development | 16,746 | 16,746 | 46,936 | |||||
| Subscriptions | and Membership | 19,800 | 19,800 | 57,819 | |||||
| 186,360 | 186,360 | 122,112 | |||||||
| 3.Incoming | resources | from charitable | activities | Total | Total | ||||
| Unrestricted | Funds | Funds | |||||||
| Funds | 2023 | 2022 | |||||||
| f | E | E | |||||||
| Funeral funds | 59,995 | 59,995 | 35,505 | ||||||
| Charitable | activities income | 59,310 | 59,310 | 15,657 | |||||
| Counselling | Sports & | Education | 44,164 | 44,164 | 18,439 | ||||
| Rental income | 75,000 | 75,000 | 44,107 | ||||||
| Community | special event income | 102,148 | 102,148 | ||||||
| Covid-19 grants received | 5,134 | 5,134 | 34,150 | ||||||
| 345,751 | 345,751 | 147,858 | |||||||
| 4.Costs of | Generating | Voluntary | Income | ||||||
| Unrestricted | Total Funds | Total Funds | |||||||
| Funds | 2023 | 2022 | |||||||
| E | E | E |
| Tata I Costs | Total Costs | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | ||||
| f | f | f | f | ||||
| Purchases | 20,790 | 20,790 | 24,497 | ||||
| Community | Events | and Activities | 10,259 | 10,259 | 14,217 | ||
| Special Events Expenses | 64,954 | 64,954 | 540 | ||||
| Project Management | Costs | 50,329 | 50,329 | ||||
| Education | Support | 40,838 | 40,838 | 24,316 | |||
| Funeral | 12,425 | 12,425 | 15,800 | ||||
| 158,757 | 40,838 | 199,595 | 79,370 | ||||
| 6.Support | Costs | ||||||
| Activities | Grant | ||||||
| Undertaken | Funding | Total Costs | Total Costs | ||||
| Directly | Activities | Funds 2021 | 2020 | ||||
| Costs ofgenerating | Voluntary | Income | 3,450 | 3,450 |
| Unrestricted | Restricted | Tota I Costs | Tota I Costs | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| f | ||||
| Accountancy fees |
2,400 | 2,400 | 1,900 | |
| Advertising and PR |
119 | 119 | 1,463 | |
| Bank charge | 1,287 | 1,287 | 571 | |
| Cleaning | 450 | 450 | 744 | |
| Depreciation | 6,703 | 6,703 | 8,378 | |
| Donations to causes | 59,435 | 59,435 | 4,950 | |
| Equipment expensed |
1,960 | 1,960 | 6,492 | |
| Equipment hire |
802 | 802 | 802 | |
| Insurance | 5,701 | 5,701 | 5,503 | |
| Mortgage interest | 29,661 | 29,661 | 18,846 | |
| Motor expenses | 122 | 122 | 290 | |
| Other legal and prof | 156 | 156 | 200 | |
| Postage | 56 | |||
| Premises costs (Inc. Light &Heat) | 33,202 | 33,202 | 19,768 | |
| Rates | 2,688 | 2,688 | 2,182 | |
| Repairs and maintenance | 4,618 | 4,618 | 9,755 | |
| Salaries and wages | 38,214 | 38,214 | 13,590 | |
| Service charges | 10,681 | 10,681 | ||
| Software | 100 | 100 | 1,188 | |
| Staff training &welfare |
28 | 28 | ||
| Stationery and printing |
1,749 | 1,749 | 2,632 | |
| Subscriptions | 80 | 80 | 80 | |
| Sundry | 892 | 892 | 202 | |
| Telephone and fax |
3,416 | 3,416 | 4,483 | |
| Travel and subsistence | 3,326 | 3,326 | 498 | |
| 207,790 | 207,790 | 104,573 | ||
| 2023 | 2022 | |||
| 8.Net incoming resources for the year | f | f | ||
| This is stated after charging: | 168,817 | 117,221 | ||
| depreciation | ||||
| 2023 | 2022 | |||
| 9.Staff costs and emoluments | E | E | ||
| Total staff costs were as follows: | 38,214 | 13,590 | ||
| Wages and salaries |
| 10.Tangible Fixed Assests |
||||||||
|---|---|---|---|---|---|---|---|---|
| Equipment | ||||||||
| Freehold | Leasehold | improvement | Fixtures & | |||||
| Property | Property | to Property | Vehicles | Fittings | Total | |||
| f | f | E | f | E | f | |||
| Cost at 1April 2022 | 2,435,154 | 53,855 | 78,086 | 2,500 | 105,804 | 2,675,399 | ||
| Additions | ||||||||
| At 31March 2023 | 2,435,154 | 53,855 | 78,086 | 2,500 | 105,804 | 2,675,399 | ||
| Depreciation | ||||||||
| At 1April 2022 | 1,220 | - | ?3,570 | — | 74,790 | |||
| Charge for the year | 256 | - | 6,447 | - | 6,703 | |||
| At 31March 2023 | 1,476 | — | 80,017 | — | 81,493 | |||
| Net book value | ||||||||
| At 31March 2022 | 2,435,154 | 53,855 | 78,086 | 1,280 | 32,234 | 2,600,609 | ||
| At 31March 2023 | 2,435,154 | 53,855 | 78,086 | 1,024 | 25,787 | 2,593,906 | ||
| 11.Current Assets | 2023 | 2022 | ||||||
| f | E | |||||||
| Cash at bank and in hand | 108,769 | 24,969 | ||||||
| Debtors | 2,688 | |||||||
| 108,769 | 27,657 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Bank Loans and Other creditors | -85,943 | -99,808 | |||||
| 13. Creditors: Amounts | falling due after more than one year | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Bank and | other loans | -592,490 | -625,492 | ||||
| 14. Restricted income funds | |||||||
| Balance at | Resources | Balance at | |||||
| 01-Apr-22 | Utilized | 31-Mar-23 | |||||
| f | f | f | |||||
| Restricted | Funds | 689,248 | -40,838 | 648,410 | |||
| 15. Unrestricted | income | funds | |||||
| Balance at | Resources | Balance at | |||||
| 01-Apr-22 | Utilized | 31-Mar-23 | |||||
| f | f | f | |||||
| General Funds |
1,213,718 | 168,817 | 1,382,535 | ||||
| 16.Analysis ofnet assets | between | ||||||
| funds | |||||||
| Current | Long term | ||||||
| Assets | Liabilities | Liabilities | Total Fund | ||||
| f | f | f | |||||
| Restricted | Income Funds: | ||||||
| Restricted | Funds | 675,210 | 0 | 0 | 675,210 | ||
| Unrestricted Income Funds |
2,027,465 | -85,943 | -592,490 | 1,349,032 |