## **FEDERATION OF IRAQI REFUGEES**
## **FINANCIAL STATEMENTS**
# **31 MARCH 2021**
Charity Number 1092340
**FEDERATION OF IRAQI REFUGEES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY YEAR ENDED 31 MARCH 2021**
|**Registered Charity Name**|Federation of Iraqi Refugees|
|---|---|
|**Charity Registration Number**|1092340|
|**Registered Office**|5 Caledonian Road|
||London|
||N1 9DX|
|**Trustees**|Salar Akram, Chair|
||Ali Salih, Secretary|
||Tara Ahmed, Treasurer|
||Gona Saeed|
||Farhad Saeed|
|**Secretary**|Ali Salih|
|**Bankers**|Barclays Bank PLC|
||Ilford Branch|
||180 High Road|
||Ilford|
||Essex|
||IG1 1LS|
**- 1 -**
**FEDERATION OF IRAQI REFUGEES INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2021**
I have examined the accounts of the charity for the period ended 31[st] March 2021, which are set out on pages 3 to 8.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act), and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 43 of the 1993 Act,
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 43 of the 1993 Act; and
- to state whether particular matters have come to my attention.
## **BASIS OF EXAMINER’S REPORT**
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 the view given by the accounts.
.
## **EXAMINER’S STATEMENT**
Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect accounting records have not been kept in accordance with section 41 of the Act, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts.
Mirza Shipkolye Haringey London N15 3LR.
9[th] December 2021
**- 2 -**
## **FEDERATION OF IRAQI REFUGEES STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2021**
|||**Unrestricted**|**Restricted**|**Total Funds**|Total Funds|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2021**|2020|
||**Note**|**£**|**£**|**£**|£|
|**INCOME FROM**||||||
|Donations & legacies|**2**|**556**||**556**|730|
|Income from charitable|**3**||**54,288**|**54,288**|25,450|
|activities||||||
|Investment income||||||
|||-----------------------------|---------------------------------|-----------------------------------|-----------------------------------|
|||----------||----|----|
|**TOTAL INCOME**||**556**|**54,288**|**54,844**|26,180|
|||-----------------------------|---------------------------------|-----------------------------------|**-----------------------------------**|
|||----------||----|**----**|
|**EXPENDITURE ON**||||||
|Charitable activities|**4**|**(224)**|**(34,015)**|**(34,239)**|(23,073)|
|||-----------------------------|-----------------------------------|-----------------------------------|-----------------------------------|
|||----------||----|----|
|**TOTAL EXPENDITURE**||**(224)**|**(34,015)**|**(34,239)**|(24,073)|
|||-----------------------------|---------------------------------|-----------------------------------|-----------------------------------|
|||----------||----|----|
|**NET INCOME/ (OUTGOING)**||**332**|**20,273**|**20,605**|2,107|
|**FOR THE YEAR**||||||
|**RECONCILIATION OF**||||||
|**FUNDS**||||||
|Total funds brought forward||**3,476**|**3,972**|**7,448**|5,341|
|||-----------------------------|---------------------------------|-----------------------------------|-----------------------------------|
|||----------||----|----|
|**TOTAL FUNDS CARRIED**||**3,808**|**24,245**|**28,053**|7,448|
|**FORWARD**||||||
|||================|====================|====================|====================|
|||================|=============|===================|===================|
|||=======||||
The Statement of Financial Activities includes all gains and losses recognised in the year All of the above amounts relate to continuing activities.
**The notes on pages 5 to 8 form part of these financial statements.**
**- 3 -**
## **FEDERATION OF IRAQI REFUGEES BALANCE SHEET YEAR ENDED 31 MARCH 2021**
||||**2021**||2020|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|£|£|
|**CURRENT ASSETS**||||||
|Debtors||||||
|Cash at bank and in hand|**5 **|**29,257**||7,448||
|||-----------------------------||-----------------------------||
||||----||----|
|||**29,257**||7,448||
|**CREDITORS: Amounts falling**|**6 **|**1,204**||||
|**due within one year**||||||
|||-----------------------------||-----------------------------||
||||----||----|
|**NET CURRENT ASSETS**|||**28,053**||7,448|
||||----------------------------||----------------------------|
|**TOTAL ASSETS LESS CURRENT**|||**28,053**||7,448|
|**LIABILITIES**||||||
||||----------------------------||----------------------------|
|**NET ASSETS**|||**28,053**||7,448|
||||================||================|
||||============||============|
|**CHARITY FUNDS**||||||
|Unrestricted income funds|**7**||**3,476**||3,476|
|Restricted income funds|**8**||**3,972**||3,972|
||||----------------------------||----------------------------|
|**TOTAL FUNDS**|||**28,053**||7,448|
||||================||================|
||||============||============|
The accounts have been prepared in accordance with the Financial Reporting Standard 102
These financial statements were approved by the Trustees on:
Salar Akram (Chair):
Tara Ahmed (Treasurer):
**- 4 -**
**The notes on pages 5 to 8 form part of these financial statements.**
## **FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES:**
## **Basis of accounting**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2020, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
## **Income**
All income is recognised once the Centre has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **Restricted funds**
Restricted income received are accounted for separately as restricted funds and are used for the purposes specified by the donor
## **Resources expended**
All expenditure is included on an accrual basis, inclusive of any VAT, which cannot be recovered. Expenditure is allocated to specific activities where the cost relates directly to that
## **2. DONATION AND LEGACIES: DONATIONS**
**----- Start of picture text -----**
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
Others 556 556 730
------------------------------ ------------------------------ ------------------------------ ------------------------------
-- -- -- --
556 556 730
================= ================= ================= =================
================ ================ ================ ================
**----- End of picture text -----**
## **3. INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted Restricted Total Funds** Total Funds
**- 5 -**
**Funds Funds 2021** 2020 **£ £ £** £ **54,288 54,288** 25,450
Grants Miscellaneous Income
------------------------------------------------------------------------------------------------------------------------- **54,288 54,288** 25,450 ================= ================= ================= ================= ================ ================ ================ ================
## **FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021**
## **3a. INCOME FROM CHARITABLE ACTIVITIES:GRANTS**
||**Unrestricted**|**Restricted**|**Total Funds**|Total Funds|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|2020|
||**£**|**£**|**£**|£|
|Trust For London||**30,000**|**30,000**|20,000|
|Big Lottery||**9,997**|**9,997**||
|London community||**9,341**|**9,341**||
|Islington Community Chest||**4,950**|**4,950**|4,950|
|LB Islington||||500|
||------------------------------|------------------------------|------------------------------|------------------------------|
||--|--|--|--|
|||**54,288**|**54,288**|25,450|
||=================|=================|=================|=================|
||================|================|================|================|
## **4. COSTS OF CHARITABLE ACTIVITIES:**
||**Total Funds**|Total Funds|
|---|---|---|
||**2021**|2020|
||**£**|**£**|
|Staff Costs|**23,340**|16,082|
|Support Costs|**10,553**|5,195|
|Direct Project Expenditure||1,329|
|Governance|**346**|1,467|
||------------------------------|------------------------------|
||--|--|
||**34,239**|24,073|
||=================|=================|
||================|================|
|**4a STAFF COSTS**|||
||**Total Funds**|Total Funds|
||**2021**|2020|
||**£**|£|
|Salary & NI|**23,340**|16,082|
||------------------------------|------------------------------|
||--|--|
||**16,082**|16,082|
||=================|=================|
||===============|================|
**- 6 -**
## **FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021**
## **4b . SUPPORT COSTS:**
||**Total Funds**|Total Funds|
|---|---|---|
||**2021**|2020|
||**£**|£|
|Volunteers Expenses|**2,252**|1,420|
|Rent/Room Hire|**1,525**|2,179|
|Printing,Postage,Stationery|**314**|460|
|Other Office Supplies|**224**|000|
|Telephone|**343**|343|
|Equipment|**5,267**|44|
|Insurance|**142**|312|
|Catering & Refreshments|**263**|165|
|Website|**000**|200|
|Subscriptions|**223**|72|
||------------------------------|------------------------------|
||--|--|
||**10,553**|5,195|
||=================|=================|
||================|================|
|**. DIRECT PROJECT EXPENDITURE:**|||
||**Total Funds**|Total Funds|
||**2021**|2020|
||**£**|£|
|Activity Costs/Supplies|**000**|1,329|
||------------------------------|------------------------------|
||--|--|
||**000**|1,329|
||=================|=================|
||================|================|
|**4d. GOVERNANCE**|||
## **4c. DIRECT PROJECT EXPENDITURE:**
**- 7 -**
**Total Funds** Total Funds **2021** 2020 **£** £ Consultancy **335** 1,410 Trustees Expenses **11** 57 --------------------------------------------------------------- **346** 1,467 ================ ================ ================ ================ = =======
## **5. CASH AT BANK AND IN HAND :**
**----- Start of picture text -----**
2021 2020
£ £
Barclays current account 29,257 7,390
Petty Cash 000 58
----------------------------- -----------------------------
---- ----
29,257 7,448
================ ================
================ ================
= =
**----- End of picture text -----**
## **FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021**
## **6. CREDITORS: Amounts falling due within one year**
PAYE & NI Other Creditors
**2021** 2020 **£ £** --------------------------------------------------------------================ ================ ================ ================ = =
## **7. UNRESTRICTED INCOME FUNDS:**
||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|
||**1 Apr 2020**|**resources**|**resources**|**In/(Out)**|**31 March 2021**|
||**£**|**£**|**£**|**£**|**£**|
|General|**3,476 **|**556**|**(224)**||**3,808**|
||--------------------------|-----------------------------|-------------------------|--------------------------------|------------------------------------|
|||------------|----------------|---------|-----|
||**3,476 **|**556**|**(224)**||**3,808**|
||================|================|==============|==================|=====================|
||===========|================|==============|==================|=====================|
|||===========|==============|=======|=|
**- 8 -**
=
## **8. RESTRICTED INCOME FUNDS:**
**----- Start of picture text -----**
Balance at Incoming Outgoing Transfers Balance at
1 Apr 2020 resources resources In/(Out) 31 March 2021
£ £ £ £ £
Islington 4,950 (4,950)
Community Chest
Big Lottery 9,997 (356) 9,641
London Community 9,341 (1,751) 7,590
Trust For London 3,972 30,000 (27,314) 6,658
LB Islington
------------------------- ----------------------------- ------------------------- -------------------------------- ------------------------------------
- ------------ ---------------- --------- -----
3,972 54,288 (34,371) 24,245
============== ================ ============== ================== =====================
============= ================ ============== ================== =====================
=========== ============== ======= =
=
**----- End of picture text -----**
## **FEDERATION OF IRAQI REFUGEES MANAGEMENT INFORMATION YEAR ENDED 31 MARCH 2021**
**The following pages do not form part of the statutory financial statements**
**- 9 -**
## **FEDERATION OF IRAQI REFUGEES DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2021**
**----- Start of picture text -----**
2021 2020
£ £
INCOME
DONATION AND LEGACIES
Donations 556 730
----------------------------- -----------------------------
---- ----
556 730
----------------------------- -----------------------------
---- ----
INCOME FROM
CHARITABLE ACTIVITIES
Grants
Trust For London 30,000 20,000
Islington Community Chest 4,950 4,950
LB Islington 000 500
London Community 9,341
Big Lottery 9,997
Miscellaneous Income
----------------------------- -----------------------------
---------- ----------
54,288 25,405
----------------------------- -----------------------------
---------- ----------
INVESTMENT INCOME
----------------------------- -----------------------------
---- ----
----------------------------- -----------------------------
---- ----
----------------------------- -----------------------------
---------- ----------
TOTAL INCOME 54,844 26,180
----------------------------- -----------------------------
---------- ----------
**----- End of picture text -----**
**- 10 -**
2020
# **FEDERATION OF IRAQI REFUGEES DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2021**
**2021**
**£**
£
## **EXPENDITURE**
**----- Start of picture text -----**
CHARITABLE ACTIVITIES
Staff Costs
Salary & NI 20,662 16,082
2,678
Support Costs
Volunteers Expenses 1,000 1,420
Rent/Room Hire 1,525 2,179
PrintingPostage,Stationery 314 460
Other Office Supplies 223 000
Telephone 344 344
Equipment 5,267 44
Insurance 142 312
Catering & Refreshments 263 165
Website 00 200
Subscriptions 224 72
Direct Project Costs
Activity Costs/Supplies 1,252 1,329
Governance Costs
Consultancy 335 1,410
Trustees Expenses 10 56
----------------------------- -----------------------------
---------- ----------
34,239 24,073
----------------------------- -----------------------------
---------- ----------
----------------------------- -----------------------------
---------- ----------
TOTAL EXPENDITURE 34,239 24,073
----------------------------- -----------------------------
---------- ----------
**----- End of picture text -----**
**- 11 -**
## **FEDERATION OF IRAQI REFUGEES DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2021**
**NET INCOME / (EXPENDITURE) FOR THE YEAR**
**2021** 2020 **£** £ **20,605** (8,962) ================ ================ ================ ================ = =
**- 12 -**