REGISTERED CHARITY NUMBER: 1060687
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
AFGHAN ASSOCIATION OF LONDON (HARROW)
AFGHAN ASSOCIATION OF LONDON (HARROW)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
AFGHAN ASSOCIATION OF LONDON (HARROW)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1060687
Principal address
Suite 103A - 104, signal House 16 Lyon road Middlesex HA1 2AG
Trustees
Karim Shirin (resigned 12/4/2021) Noor Sultani Zohal Nabi Abdul Wali Zalmai Nabeel Mujadidi (appointed 12/4/2021) Fakire Toorpeky (appointed 12/4/2021)
21/07/2022 20/07/2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Zohal Nabi - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFGHAN ASSOCIATION OF LONDON (HARROW)
Independent examiner's report to the trustees of AFGHAN ASSOCIATION OF LONDON (HARROW)
I report to the charity trustees on my examination of the accounts of AFGHAN ASSOCIATION OF LONDON (HARROW) (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Kantilal Rabadia Association Of Chartered Certified Accountants
Jul 25, 2022 Date: .............................................
Page 2
AFGHAN ASSOCIATION OF LONDON (HARROW)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 33,985 EXPENDITURE ON Raising funds 2 6,437 Other 14,942 Total 21,379 NET INCOME 12,606 RECONCILIATION OF FUNDS Total funds brought forward 62,086 TOTAL FUNDS CARRIED FORWARD 74,692 |
Restricted fund £ 85,000 - 61,906 61,906 23,094 - 23,094 |
31/3/22 Total funds £ 118,985 6,437 76,848 83,285 35,700 62,086 97,786 |
31/3/21 Total funds £ 73,656 3,711 44,251 |
|---|---|---|---|
| 47,962 | |||
| 25,694 36,392 |
|||
| 62,086 |
The notes form part of these financial statements
Page 3
AFGHAN ASSOCIATION OF LONDON (HARROW)
BALANCE SHEET 31 MARCH 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 2,631 CURRENT ASSETS Debtors 7 1,586 Cash at bank 78,179 79,765 CREDITORS Amounts falling due within one year 8 (7,704) NET CURRENT ASSETS 72,061 TOTAL ASSETS LESS CURRENT LIABILITIES 74,692 NET ASSETS 74,692 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 73,094 73,094 (50,000) 23,094 23,094 23,094 |
31/3/22 Total funds £ 2,631 1,586 151,273 152,859 (57,704) 95,155 97,786 97,786 74,692 23,094 97,786 21/07/2022 |
31/3/21 Total funds £ 1,893 2,322 58,813 61,135 (942) 60,193 62,086 62,086 62,086 - 62,086 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Zohal Nabi - Trustee
The notes form part of these financial statements
Page 4
AFGHAN ASSOCIATION OF LONDON (HARROW) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance Computer equipment - 20% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31/3/22 | 31/3/21 | |
| £ | £ | |
| Facilities hire | 6,071 | 2,565 |
| Support costs | 366 | 1,146 |
| 6,437 | 3,711 |
Page 5
continued...
AFGHAN ASSOCIATION OF LONDON (HARROW) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 31/3/22 31/3/21 Management 1 1 Support 5 3 6 4 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund fund funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,656 - 73,656 EXPENDITURE ON Raising funds 3,711 - 3,711 Other 44,251 - 44,251 Total 47,962 - 47,962 NET INCOME 25,694 - 25,694 RECONCILIATION OF FUNDS Total funds brought forward 36,392 - 36,392 TOTAL FUNDS CARRIED FORWARD 62,086 - 62,086 |
31/3/22 31/3/21 Management 1 1 Support 5 3 6 4 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund fund funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,656 - 73,656 EXPENDITURE ON Raising funds 3,711 - 3,711 Other 44,251 - 44,251 Total 47,962 - 47,962 NET INCOME 25,694 - 25,694 RECONCILIATION OF FUNDS Total funds brought forward 36,392 - 36,392 TOTAL FUNDS CARRIED FORWARD 62,086 - 62,086 |
31/3/22 31/3/21 Management 1 1 Support 5 3 6 4 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund fund funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,656 - 73,656 EXPENDITURE ON Raising funds 3,711 - 3,711 Other 44,251 - 44,251 Total 47,962 - 47,962 NET INCOME 25,694 - 25,694 RECONCILIATION OF FUNDS Total funds brought forward 36,392 - 36,392 TOTAL FUNDS CARRIED FORWARD 62,086 - 62,086 |
|---|---|---|
| 47,962 | ||
| 25,694 36,392 |
||
| 62,086 |
Page 6
continued...
AFGHAN ASSOCIATION OF LONDON (HARROW)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 6. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Plant and | Computer | |||
| machinery | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2021 | 5,898 | 699 | 6,597 | |
| Additions | - | 1,302 | 1,302 | |
| At 31 March 2022 | 5,898 | 2,001 | 7,899 | |
| DEPRECIATION | ||||
| At 1 April 2021 | 4,564 | 140 | 4,704 | |
| Charge for year | 193 | 371 | 564 | |
| At 31 March 2022 | 4,757 | 511 | 5,268 | |
| NET BOOK VALUE | ||||
| At 31 March 2022 | 1,141 | 1,490 | 2,631 | |
| At 31 March 2021 | 1,334 | 559 | 1,893 | |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31/3/22 | 31/3/21 | |||
| £ | £ | |||
| Other debtors | 1,586 | 2,322 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31/3/22 | 31/3/21 | |||
| £ | £ | |||
| Taxation and social security | 5,254 | 202 | ||
| Other creditors | 52,450 | 740 | ||
| 57,704 | 942 | |||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/4/21 | in funds | 31/3/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 62,086 | 12,606 | 74,692 | |
| Restricted funds | ||||
| Restricted Fund | - | 23,094 | 23,094 | |
| TOTAL FUNDS | 62,086 | 35,700 | 97,786 |
continued...
Page 7
AFGHAN ASSOCIATION OF LONDON (HARROW)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 33,985 85,000 118,985 |
Resources Movement expended in funds £ £ (21,379) 12,606 (61,906) 23,094 (83,285) 35,700 |
Resources Movement expended in funds £ £ (21,379) 12,606 (61,906) 23,094 (83,285) 35,700 |
|---|---|---|---|
| 35,700 |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/20 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,392 | 25,694 | 62,086 |
| TOTAL FUNDS | 36,392 | 25,694 | 62,086 |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 73,656 | (47,962) | 25,694 |
| TOTAL FUNDS | 73,656 | (47,962) | 25,694 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/20 | in funds | 31/3/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,392 | 38,300 | 74,692 |
| Restricted funds | |||
| Restricted Fund | - | 23,094 | 23,094 |
| TOTAL FUNDS | 36,392 | 61,394 | 97,786 |
continued...
Page 8
AFGHAN ASSOCIATION OF LONDON (HARROW)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 107,641 85,000 192,641 |
Resources Movement expended in funds £ £ (69,341) 38,300 (61,906) 23,094 (131,247) 61,394 |
Resources Movement expended in funds £ £ (69,341) 38,300 (61,906) 23,094 (131,247) 61,394 |
|---|---|---|---|
| 61,394 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 9
AFGHAN ASSOCIATION OF LONDON (HARROW)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31/3/22 | 31/3/21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 118,985 | 73,656 |
| Total incoming resources | 118,985 | 73,656 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Facilities hire | 6,071 | 2,565 |
| Support costs | ||
| Management | ||
| Other operating leases | 6,050 | 5,840 |
| Postage and stationery | 394 | 498 |
| 6,444 | 6,338 | |
| Finance | ||
| Bank charges | 26 | - |
| Human resources | ||
| Wages | 65,029 | 34,678 |
| Insurance | 366 | 366 |
| Light and heat | 1,500 | 1,324 |
| Telephone | 988 | 718 |
| Sundries | 298 | - |
| 68,181 | 37,086 | |
| Other | ||
| Travel costs Travel costs | 1,039 | - |
| Plant and machinery | 193 | 473 |
| Computer equipment | 371 | - |
| 1,603 | 473 | |
| Other 2 | ||
| Advertising | - | 780 |
| Governance costs | ||
| Accountancy and legal fees | 960 | 720 |
| Total resources expended | 83,285 | 47,962 |
| Net income | 35,700 | 25,694 |
This page does not form part of the statutory financial statements
Page 10