KAC
Company Limited by Guarantee
Company No: 3165503
Charity No:
1060915
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31" March 2024

KAC
Management Committee:
Nazim YARAR (director)
Savas KAMA (secretary)
Ulas HAVUC (secretary)
Accountant (internal ):
Accountant (external ):
Savas Kama
Sayar & Co Accountancy Services
Registered Office
1 Eastfield Road
London
N8 7AD
Principal Bankers
HSBC Bank
448 - 454, High Road
Tottenham
London N17 9JN

KAC
Index to The Financial Statements
For the Year Ended
March 31 2024
Page
Annual Report of the Management
Committee
Accountants Report
Statement of Financial Activities
Balance Sheet
Notes to Financial Statements

KAC
Report of the Management Committee for the year ending 31st March 2024
The Management Committee presents their report and financial statements for the year ending 31 March
2024. The committee has adopted the provisions of the Statement of the Recommended Practice
(SORP) and Reporting by Charities issued in October 2000 in preparing the report and financial
statements.
Objects and principal activity
The company is limited by guarantee and does not havc a share capital.
The company's objects and principal activity is to advance education, to relieve poverty and provide or
assist in thc provision of facilities for recreation and leisure time occupation for thc diverse
communities of the UK and for Kurdish people who by reason of their social and economic
circumstances need such facilities with the object of improving thcir conditions of life, thus ensuring
community cohesion, integration and acceptance within the wider community.
Development, activities and achievements
The committee considers that the perforniance of the company this year has been satisfactory.
Future Development
The company continues to seek funding in order to maintain/develop its services to the wider
community. KAC embraces the different cultures and needs of the conununities in which we operate
and actively promotes an equal opportunities policy ensuring all members of society are afforded the
help they require in order to obtain/maintain economic and social well-being.
Transactions and financial position
The Statement of Financial Activities shows a deficit for the year of £ 11,887 (2023 £ 5,352) and our
reserves stand at £ 39,896 (2023 £ 51,783).
Tangible Fixed Assets
Details of the movement are set out in note 7 to the accounts.
Reserves
Thc prcscnt l¢vel of funding is adequate to support the continuation of th¢ operation for the medium
tenn and the committee considers the financial position of the company to be satisfactory.
Management Committee and Directors
The membership of The Management Committee is rcappointcd every year. The current director of K A
C is Nazim YARAR. Ulas HAVUC, Savas KAMA ar¢ the secretary of K A C.
Risk Management
The Managcment Committee has examined the major business and opcrational risks which the charity
faces and confinns that systems have been established to enable reports to be produced so that the
necessary steps can be taken to lessen these risks.

K.A.C.
Report of the Management Committee for the year ended 31st March 2024
Management Committee Responsibilities
The Management Committee is required by law to prepare financial statements for each financial year
which give a true and fare view of the financial activities of the company and of its financial position at
the end of that year. In preparing those financial statements the committee of management is required to
a) select suitable accounting policies and apply them consistently
b) make judgements and estimates that are rcasonable and prudent
c) state whether the policies adoptcd arc in accordance with the Cotnpanies Act 1985 and
with applicable accounting standards and statements of recommended practice, subject to
any material dcpartures disclosed and explained in the financial statements
d) prepare the financial statements on a going concern basis unless it is inappropriatc to
assume that the company will continue in operation
The committee is responsible for keeping proper accounting rccords which disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Companies Act 2006. It is also responsible for the safeguarding the assets of
the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Approval
The report was approved by the Management Committee and signed on its behalf.
The Committee has taken advantage of exemptions available to small companies under Schedule 8 part
l and the exemption from preparing a cash flow statement under FRS
Mr Nazim YARAR
Director
Date: 18.12.2024

K.A.C.
ACCOUNTANT'S REPORT on the unaudited accounts to the trustees of K.A.C.
FOR THE YEAR ENDED 31 MARCH 2024
As described on the Balance Sheet you are responsible for the preparation of the
accounts for the year ended 31 March 2024 set out on pages 1 to 9 and you consider
that the charity 15 exempt from an audit and reports in accordan￿ with the
Companies Act 2006.
In accordance with instruction given to us, we have compiled these unaudited
accounts in order to assist you to fulfill your statuary responsibilities, from accounting
records and information and explanations supplied to us, we report that they are in
accordan￿ with therewith.
Sayar & Co
Accountancy Services
Unit 4, Kinetica
13 Ramsgate Street
London E8 2FD
Date: 18.12.2024

KAC
Statement of Financial Activlties
st
For the Year Ended March 31 2024
Notes
2024
Restrictsd
2024
Unrestrlctsd
2024
Totsl
2023
Income and Expendlture
Income Resources
Grants
Donations
other Income
Total Incomlng Resources
45.870
45.870
49,508
5,105
6.605
5,105
52,475
1,420
50,928
45,870
Resources Expended
Direct Charitable Expenditure
Total Expended Resources
64,2
64,2
106
106
64,362
64,362
48,223
48,223
Net Inc£)me l (Deficiency) for the Year
(18,3861
6,499
111,88n
2,71
Funds at March 31st 2023 Blfv
(37,223)
89.006
51,783
54,429
Funds at March 31st 2024 Clfv
95,505
39.896
57.135
The notes in pages 7 to 10 form part of these acwunts

KAC
BALANCE SHEET
As at March 31st 2024
Nots8 2024
2024
2024
2023
Fixed Assets
Tangible Fixed Assets
487
593
Current Assets
Debtors
Deposit paid
Cash at Bank & In Hand
3.769
7.762
33,091
44.622
4,583
7.762
42,038
54,383
Creditors
Amounts falling due within 1 Year
5,213
3,193
NET CURRENT ASSETS
39,409
51.190
NET TOTAL ASSETS
39.896
51,783
Reserves Fund8
Restricted Funds
Unrestricted Funds
10
10
{55,609)
95,505
(37,223)
89,006
TOTAL FUNDS
39,896
51,783
For the year ended 31. March 2024 the company was entiled to éxémption under section 477(21 of the
Companies Act 2006.
No members have required the company to obtain an 8udit of its accounts for the year in question in accordan
with séciion 476 of the Companies Act 2006.
The directors acknowledge their responsibility for.
i} Ensuring the wrnpany keeps accounting records which comply with sectson 386" and
ii) Preparing accxjunts which give a true and fair view of the state of affairs of the company as at the end of its
profit and loss for the financial year in accordan￿ with section 393, and
which otherwise comply with the requirements of the Companies Act relating to accounts.
so far as applicsble to the company.
Approved by the Management Committee and signed on its behalf by,.
Nazim YARAR (director)
18 December 2024
The notes in pag8s 7 to 10 fomi part of these accounts

KAC
NOTES TO THE ACCOUNTS
For tbe year ended 31st Mareb 2024
I) ACCOUNTING POLICIES
The Financial Statements have been prepared accordance with applicable
accounting standards and follow the recommendations in Statement of Recommended
Practice- Accounting by Charities (SORP) issue October 1995
b)
Voluntary income received by way of donations and gifts is included in full in
the Statement of Financial Activities in the year in which they arc rec¢ived
Grants including grants for the purchase of fixed assets are recognised in full in
the Statcmcnt of Financial Activities in the year in which they are received. Where grants
are payable as a consequence of results that havc been earned in a pcriod they are
r¢cogniz¢d as incom¢ of the period even if received in a later period.
d)
Restricted funds are to be used for the specified purposes laid down by the donor.
Expenditure, which meets thes¢ Criteri￿ is identified to the fund together with a fair
allocation of management and support costs.
Unrestricted fijnds are donations and other income received, or generated for the
objects of the charity. without further specified purpose are available as general funds.
Designated funds are unrestricted funds eamiarked by the trustees for particular
purposes.
g)
Staff costs and overhead expenses are allocated to activities on the b&sis agreed
with the fund providers or on a basis of time or space where appropriate
h)
Fundraising and publicity Costs comprise the costs actually incurred in producing
materials for promotional purposes
Management and administration costs of the charity relate to the costs of running
the charity such as the costs of meetings. accountancy and statutory compliance, and
includes the costs which cannot be specifically identified to another ¢xpenditure
classification.
i)
Depreciation has been provided on fixed asscts on the reducing balanc¢ method
at 18% per annum.
k)
Invesknent valuation policy. The trust currently holds any sU￿lUS funds on
deposit and consequently does not need a policy in this regard at present.

KAC
Notes to the Financial Statements
For the yaar ended 31st March 2024
2024
Restrictsd
2024
Unrestricted
2024
TOTAL
2023
Grnnts received
Supporting People
45.870
45.870
45,870
45,870
49.508
49.508
Donations
Donation5
1,500
1,500
Other Incomg
Membership
Other Income
290
4,815
290
4,815
315
1.105
1.420

KAC
Notes to the Financial Statements
For the year ended 31st March 2024
Stsff Costs and Numbers
2024
2023
Staff Costs during the year were as follows
Salaries arvj Wages
30,647
30,647
25,356
25,356
Trustees Remuneration
The trustees r￿1Ved no remuneration
Fixed Assets
Fixed
Assets
Electrical
Machinery
Total
Cost
A5 at 01 April 2023
37.526
18,631
56,157
Additions
Disposals
As at 31st March 2024
37,526
18,631
56,157
Depreciation
As at 01 April 2023
36,933
18,631
Charge for the year
1c6
106
Disposals
As at 31st March 2024
37,039
18,631
55.670
Not Book Value
A8 at Ma￿h 318t 2023
593
593
As at March 31st 2024

KAC
Notes to the Financial Ststements
For the year ended 31st March 2024
2024
2023
Debtorn
PrepayTnents & other debtors
3.769
3,769
4,583
Credlto
Unpaid wagesl PAYE I NIC
Trade Cr¢dltors
1.972
3,241
3,193
5,213
3.193
10 Ststsmfrnt ot Funds
Balon¢o
01 Aprtl 2023
In¢ome
Ourlng Year
Balaft¢*
01 Aprll 2024
Expendlture
Transfe
R•$tri¢tsd Fund8
Supporflng People
Old is Gold
Haringey CouncAI Core Funding
Women's ISOL Cla
Fitpik Project
Newroz
Clty Brfdge Twsl
{57,9151
9,142
{12.337)
6.338
45.870
164,256)
(76,3011
9,142
(12,3371
6,338
2.921
13,683
137,2231
2.921
13,683
155,6091
45.870
164,2561
Unr•strlcted Funds
Life Skills
Interest Received
Membefships
Venue Hire
FuThJraisOng & Other Income
Donations
15.316
{1061
15,210
3,821
23.063
1.106
45,696
89,006
290
4,111
23,063
5,921
47,198
95,505
4,815
1,500
6,605
I1(￿)
Total Roserv•8

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