CHARITY REGISTRATION NUMBER: 1084163
CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES Unaudited Financial Statements
31 July 2020
AL-MAHARI & CO
Chartered Certified Accountants THE WIMBLEDON ARCHES 1 ARCHWAY CLOSE
LONDON SW19 8UL
CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Financial Statements
Year ended 31 July 2020
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 2 |
| Statement of financial activities | 3 |
| Statement of financial position | 4 |
| Accounting policies | 5 |
| Notes to the financial statements | 7 |
CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Trustees' Annual Report (continued)
Year ended 31 July 2020
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2020.
Reference and administrative details
Registered charity name CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Charity registration number 1084163 Principal office 424 EDGWARE ROAD LONDON W2 1EG
The trustees
MR SHAKIR SHABAA MR NADEEM MOHAMMED MR JAWAD SHABAA
Independent examiner SALAM HASAN THE WIMBLEDON ARCHES 1 ARCHWAY CLOSE LONDON SW19 8UL
Structure, governance and management
The charity is organised so that the trustees meet at regular intervals to manage its affairs.
Objectives and activities
The charity's object and its activity continue to be that of the advancement of education and welfare of the Arabic and Kurdish speaking young people in the Croydon area. In addition, the trustees continue to reach out to support families of children in the Middle East who are being forced into shunning education in favour of joining the workforce in order to assist their families.
Achievements and performance
The trustees consider that the performance of the charity has been satisfactory.
Financial review
The statement of financial activities shows a net surplus for the year of £11,580. The general fund stands at £81,199.
The trustees' annual report was approved on 28 May 2021 and signed on behalf of the board of trustees by:
MR SHAKIR SHABAA Trustee
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Independent Examiner's Report to the Trustees of CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Year ended 31 July 2020
I report to the trustees on my examination of the financial statements of CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES ('the charity') for the year ended 31 July 2020.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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 charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
SALAM HASAN Independent Examiner THE WIMBLEDON ARCHES 1 ARCHWAY CLOSE LONDON SW19 8UL
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Statement of Financial Activities
Year ended 31 July 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 3 | 481,858 | 481,858 | 312,648 |
| Other income | 4 | 2,944 | 2,944 | – |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 484,802 | 484,802 | 312,648 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 5 | 422,123 | 422,123 | 201,880 |
| Expenditure on charitable activities | 6 | 51,099 | 51,099 | 61,552 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 473,222 | 473,222 | 263,432 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 11,580 | 11,580 | 49,216 | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 69,619 | 69,619 | 20,403 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 81,199 | 81,199 | 69,619 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 9 form part of these financial statements.
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Statement of Financial Position
31 July 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 10 | 1 | 1 | |
| Current assets | ||||
| Debtors | 11 | 23,059 | 22,809 | |
| Cash at bank and in hand | 108,139 | 52,933 | ||
| -------------------------------- | ---------------------------- | |||
| 131,198 | 75,742 | |||
| Creditors: amounts falling due within one year | 12 | – | 6,124 | |
| -------------------------------- | ---------------------------- | |||
| Net current assets | 131,198 | 69,618 | ||
| -------------------------------- | ---------------------------- | |||
| Total assets less current liabilities | 131,199 | 69,619 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 13 | 50,000 | – | |
| -------------------------------- | ---------------------------- | |||
| Net assets | 81,199 | 69,619 | ||
| ================================ | ============================ | |||
| Funds of the charity | ||||
| Unrestricted funds | 81,199 | 69,619 | ||
| ---------------------------- | ---------------------------- | |||
| Total charity funds | 14 | 81,199 | 69,619 | |
| ============================ | ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 28 May 2021, and are signed on behalf of the board by:
MR SHAKIR SHABAA Trustee
The notes on pages 7 to 9 form part of these financial statements.
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Accounting Policies
Year ended 31 July 2020
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. Restricted funds are for specific use as directed by the donor.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Accounting Policies (continued)
Year ended 31 July 2020
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
- 25% straight line
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Notes to the Financial Statements
Year ended 31 July 2020
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 424 EDGWARE ROAD, LONDON, W2 1EG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Donations | 393,924 | 393,924 | 229,053 | 229,053 |
| HMRC gift aid | 68,687 | 68,687 | 58,505 | 58,505 |
| Student fees | 19,247 | 19,247 | 25,090 | 25,090 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 481,858 | 481,858 | 312,648 | 312,648 | |
| ================================ | ================================ | ================================ | ================================ |
4. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Other income | 2,944 | 2,944 | – | – |
| ======================= | ======================= | ============== | ============== | |
| Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Costs of raising donations and legacies | ||||
| - Donations | 413,553 | 413,553 | 199,528 | 199,528 |
| Events and functions | 8,570 | 8,570 | 2,352 | 2,352 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 422,123 | 422,123 | 201,880 | 201,880 | |
| ================================ | ================================ | ================================ | ================================ |
5. Costs of raising donations and legacies
6. Expenditure on charitable activities by activity type
| Total funds | Total fund | ||
|---|---|---|---|
| Support costs | 2020 | 2019 | |
| £ | £ | £ | |
| Governance costs | 51,099 | 51,099 | 61,552 |
| ============================ | ============================ | ============================ |
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Notes to the Financial Statements (continued)
Year ended 31 July 2020
7. Independent examination fees
Fees payable to the independent examiner for: Independent examination of the financial statements Other financial services
| 2020 | 2019 |
|---|---|
| £ | £ |
| 500 | 500 |
| 2,250 | 2,000 |
| ----------------------- | ----------------------- |
| 2,750 | 2,500 |
| ======================= | ======================= |
8. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
Wages and salaries
| 2020 | 2019 |
|---|---|
| £ | £ |
| 13,944 | 13,240 |
| ============================ | ============================ |
The average head count of employees during the year was 2 (2019: 2). The average number of full-time equivalent employees during the year is analysed as follows:
Number of staff
2020 2019 No. No. 2 2 ============== ==============
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
9. Trustee remuneration and expenses
-
no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or
-
one or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity.
10. Tangible fixed assets
| Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| At 1 August 2019 and 31 July 2020 | 8,398 | 8,398 |
| ======================= | ======================= | |
| Depreciation | ||
| At 1 August 2019 and 31 July 2020 | 8,397 | 8,397 |
| ======================= | ======================= | |
| Carrying amount | ||
| At 31 July 2020 | 1 | 1 |
| ======================= | ======================= | |
| At 31 July 2019 | 1 | 1 |
| ======================= | ======================= | |
| Debtors | ||
| 2020 | 2019 | |
| £ | £ | |
| Prepayments and accrued income | 1,250 | 1,000 |
| Other debtors | 21,809 | 21,809 |
| ---------------------------- | ---------------------------- | |
| 23,059 | 22,809 | |
| ============================ | ============================ |
11. Debtors
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CROYDON SCHOOL FOR ARABIC AND KURDISH STUDIES
Notes to the Financial Statements (continued)
Year ended 31 July 2020
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12. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors – 4,305
Net salaries – 569
Other creditors – 1,250
-------------- -----------------------
– 6,124
============== =======================
13. Creditors: amounts falling due after more than one year
2020 2019
£ £
Bank loans and overdrafts 50,000 –
============================ ==============
14. Analysis of charitable funds
Unrestricted funds
At
1 August 201 At
9 Income Expenditure 31 July 2020
£ £ £ £
General funds 69,619 484,802 (473,222) 81,199
============================ ================================ ================================ ============================
At
1 August 201 At
8 Income Expenditure 31 July 2019
£ £ £ £
General funds 20,403 312,648 (263,432) 69,619
============================ ================================ ================================ ============================
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