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2021-05-08-accounts

COMPANY REGISTRATION NUMBER 3873450

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

UNAUDITED FINANCIAL STATEMENTS 8 MAY 2021

Charity Number 1080776

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FINANCIAL STATEMENTS

YEAR ENDED 8 MAY 2021
CONTENTS PAGE
Members of the Board and Advisers 1
Trustees Annual Report 2
Independent examiner's report to the members 5
Statement of financial activities (incorporating the
income and expenditure account) 7
Balance sheet 8
Notes to the financial statements 9
The following pages do not form part of the financial statements
Detailed statement of financial activities 13

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

MEMBERS OF THE BOARD AND ADVISERS

Registered charity name Ijad (A company limited by guarantee and not having share capital) Charity number 1080776 Company registration number 3873450 Principal office 33 Peter Avenue London NW10 2DD Registered office 33 Peter Avenue London NW10 2DD Trustees Leila Mroueh Creeber Leila Neeman Laurent Claire Medcalf Denise Bissell - Chair Zerritha Brown Mahmoud Naim Abu-Wardeh Ms Joumana Mourad Antonio Baccari Tim Zundel Person with significant influence Ms Joumana Mourad Independent examiner Bharat Kotak Alexanders UK Ltd Chartered Certified Accountants The Corner House 170 Albury Drive Hatch End, Pinner Middlesex HA5 3RG Bankers HSBC 122 Finchley Road Hampstead London NW3 5JD

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

TRUSTEES ANNUAL REPORT(continued)

YEAR ENDED 8 MAY 2021

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 8 May 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of members of the board and advisers on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the company during the period are as shown below. All of the trustees except Leila Neeman Laurent, Mahmoud Naim Abu-Wardeh and Ms Joumana Mourad are also directors of the company for the purposes of company law.

Leila Mroueh Creeber Leila Neeman Laurent Claire Medcalf Denise Bissell – Chair Zerritha Brown Mahmoud Naim Abu-Wardeh Ms Joumana Mourad Antonio Baccari Tim Zundel

Ms Joumana Mourad, who is not a director, has significant influence and control over the company, Ijad.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee and is therefore governed by its memorandum and articles of association.

Governing Body

The names of trustees, directors, secretary and principle addressees are listed on page one. The board of trustees is authorised to appoint a new trustee to fill vacancies arising through resignation or death of an existing trustee.

Organisational management

The directors, who are also the trustees, meet informally on an informal basis to make decisions and monitor the work of the charity.

Recruitment and appointment of new trustees

All of the directors are also trustees of the charity.

Risk Assessment

The trustees have considered the risks to which the charity is exposed and have put systems and procedures in place to manage the risks identified.

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

TRUSTEES ANNUAL REPORT(continued)

YEAR ENDED 8 MAY 2021

OBJECTIVES AND ACTIVITIES

The company's principal activity and primary charitable object during the period was to continue to advance education for the public benefit by the promotion of the arts, in particular, but not exclusively the art of dance.

PUBLIC BENEFIT

The Trustees have carefully considered the public benefit requirements and their duty to ensure that they are compliant with them. They feel that the activities described above under Objectives and Activities more than adequately satisfy the public benefit requirement.

FINANCIAL REVIEW

Performance Review

The statement of financial activities gives full details of the financial performance of the charity.

Reserves

The charity does not incur substantial fixed costs and the trustees therefore consider that the current level of reserves is adequate to cover future events and to support its charitable objectives.

RESPONSIBILITIES OF THE TRUSTEES

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

· state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL) TRUSTEES ANNUAL REPORT( conlinu YEAR ENDED 8 MAY 2021 The trustces arc responsible for keeping adequate accounting reLords that are sufficient to show and explain the charitable company's transartions 8iid di%elose with reasonable accuracy at any liine the financial position of the charitable coinpany and enable them to ensurc that the financial statements comply with ihe Coinpanics Act 2006. They are also responsible for safeguaiding the assets of the charitable coinpany and henLe for iaking reasonable steps for th¢ prevention and detection of fraud and othcr irrcgulariti¢s. INDEPENDENT EXAMINER Bharat Kotak of Alcxanders UK Lid, Chartered Certified Accountants, has been re-appointcd as ind¢p¢nd¢nt exaininer for ihe ensuing year. SMALL COMPANY PROVISIONS Thi% rcport has b¢¢n prepared in accordance with the special provisions for small companies und¢r Part 15 of th¢ Companies Aci 2006. Registered offic¢.. 33 Peter Avthiue London NWIO 2DD Signed on b¢half of the trnstees Denise Bissell Trustee 4 February 2022

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

YEAR ENDED 8 MAY 2021

I report on the accounts of the charity for the year ended 8 May 2021 set out on pages 7 to 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

The charity's trustees (who, except Leila Neeman Laurent, Mahmoud Naim Abu-Wardeh and Ms Joumana Mourad are also the directors of Ijad (a Company Limited by Guarantee and Not Having Share Capital) for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

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 I do not express an audit opinion on whether the accounts present a 'true and fair view'.

INDEPENDENT EXAMINER'S STATEMENT

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

(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

IJAD (A COMPANY UMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL) INDEPENDENT EXAmINE￿s REPORT TOTHE MEMBERS OF IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAprrAL) {co YEAR ENDED 8 MAY 2021 Bhardt Kotak Independent examin Alexan(krs UK Ltd Chartered Certified Acc(ymknts The Corner House 170 Albw Drive Hatch End, PIn[￿r Middlesex IVgS 3RG February 2022

Ijad (A company limited by guarantee and not having share capital) Statement of financial activities (incorporating the income and expenditure account) for the year ended 8 May 2021

Notes
Incoming resources from generating funds:
Voluntary income
2
Investment income
3
Incoming resources from charitable activities
4
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Charitable activities
5/6
TOTAL RESOURCES EXPENDED
NET INCOMING RECOURCES FOR THE YEAR / NET
(DEFICIT) / INCOME FOR THE YEAR
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
£
44,117
7
11,272
55,396
(42,656)
(42,656)
12,740
9,395
22,135		 2020
£
8,000
46
26,965
35,011
(36,233)
(36,233)
(1,222)
10,617
9,395

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

7

ljad IA company limited by guarantee and not having share ¢apital} Balance Sheet as at 8 May 2021 Notes 2021 2020 Current assets Cash at bank 8nd in h8nd 27,766 18,626 Crèditors.. amounts falling due within one year 10 15,6311 19,2311 Net current assets 22,135 9,395 Net assets 22,135 9,395 Funds Unrestricted income funds 22,135 9,395 Total Funds 22,135 9,395 The directors and trLJStees are satisfied that the company is enlilled to exemption from the provisions of the Companies A¢1 2006 Ithe Act) relating lo the audit of the financial statements for the year by virtLJe of seclion 477, and that no member or metnbers have requested an audit pursuant to section 476 01 the Act. The directors and trLJslees acknowledge their responsibilities for.. lil ensuring that the company keeps adequate aecounling records which comply with seciion 386 of the A¢t, and lill The accounts have been prepared and delivered in accordan￿ with the special provisions applicable lo companies subject lo the small companies regime. These financial statements were approved by the members of the committee and are signed on their behalf by.. Denise Bissell Director Approved by the board on 4 February 2022

Ijad (A company limited by guarantee and not having share capital) Notes to the Accounts for the year ended 8 May 2021

1 ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005), the Charities Act 2011 and the Companies Act 2006.

Incoming resources

Income represents funds raised to achieve the company's principal charitable object of the advancement of education for the public benefit by the promotion of the arts, in particular, but not exclusively to the art of dance.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs 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

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 its objectives. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2 VOLUNTARY INCOME

Grants and awards receivable
Sponsorships
Grants and awards receivable
3
INVESTMENT INCOME
Bank interest receivable		 Unrestricted
Funds
£
-
44,117
Unrestricted
Funds
£
7		 Total
Funds
2021
£
-
44,117
Total
Funds
2021
£
7		 Total
Funds
2020
£
8,000
-
Total
Funds
2020
£
46

4 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

Workshops & public funding Unrestricted
Funds
7,226
7,226		 Total
Funds
2021
7,226
7,226		 Total
Funds
2020
10,140
10,140

9

Ijad (A company limited by guarantee and not having share capital) Notes to the Accounts

for the year ended 8 May 2021

5 COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Total|Total| |Funds|Funds|Funds| |2021|2020| |Charitable expenditure|35,528|35,528|24,983| |Administrative costs|7,128|7,128|11,250| |42,656|42,656|36,233|

----- End of picture text -----

6 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITIES TYPE

----- Start of picture text -----
|||||| |---|---|---|---|---| |Activities| |undertaken|Administrative|Total|Total| |directly|Costs|Funds|Funds| |2021|2020| |£|£|£|£| |Charitable expenditure|35,528|7,128|42,656|36,233|

----- End of picture text -----

7 STAFF COSTS & EMOLUMENTS

No salaries or wages have been paid to employees, including the members of the committee, during the year.

8 TRUSTEES REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 8 May 2021 nor for the year ended 8 May 2020.

Trustees' expenses

There were no trustees expenses paid for the year ended 8 May 2021 nor for the year ended 8 May 2020.

9 TAXATION

The company is exempt from corporation tax.

----- Start of picture text -----
||||| |---|---|---|---| |10|CREDITORS: Amounts falling due within one year|2021|2020| |£|£| |Other creditors and accruals|5,631|9,231| |11|UNRESTRICTED INCOME FUNDS| |Balance at|Net surplus /|Balance at| |09/05/2020|(deficit)|08/05/2021| |General funds|9,395|12,740|22,135|

----- End of picture text -----

10

Ijad (A company limited by guarantee and not having share capital) Notes to the Accounts

for the year ended 8 May 2021

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Income Funds
Total Funds		 Net current
assets
£
22,135
22,135		 Total
£
22,135
22,135

11

IJAD (A COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

MANAGEMENT INFORMATION

YEAR ENDED 8 MAY 2021

The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report on pages 5 to 6.

Ijad (A company limited by guarantee and not having share capital) Detailed statement of financial activities for the year ended 8 May 2021

INCOMING RESOURCES
VOLUNTARY INCOME
Sponsorships
Grants and awards
INVESTMENT INCOME
Bank interest receivable type 1
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES
Workshops
Performance and education
Donations
Sales
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
CHARITABLE ACTIVITIES
Administrators
Performances
Music and rehearsals
Materials
Equipment hire
Fundraising
Administrative expenses
Travel and subsistence
Stationery and printing
Insurance
Equipment expensed
Website cost expensed
Sundry expenses
Accountancy fees
Advertising and PR
Other legal and professional
TOTAL RESOURCES EXPENDED		 2021
£
-
44,117
7
7,226
-
46
4,000
55,396
7,041
23,862
423
1,842
-
2,360
35,528
124
936
221
-
4,522
201
945
166
13
7,128
42,656		 2020
£
8,000
-
46
10,140
14,634
2,191
-
35,011
7,335
10,338
374
1,218
218
5,500
24,983
2,423
202
56
4,200
1,197
508
851
1,800
13
11,250
36,233

13