FEDERATION OF IRAQI REFUGEES FINANCIAL STATEMENTS 31 MARCH 2023
Charity Number 1092340
FEDERATION OF IRAQI REFUGEES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY YEAR ENDED 31 MARCH 2023
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
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FEDERATION OF IRAQI REFUGEES INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2023
I have examined the accounts of the charity for the period ended 31[st] March 2023, 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:
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examine the accounts under section 43 of the 1993 Act,
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 43 of the 1993 Act; and
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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.
4[th] September 2023
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FEDERATION OF IRAQI REFUGEES STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2023
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| INCOME FROM | |||||
| Donations & legacies | 2 | 960 | 960 | 903 | |
| Income from charitable | |||||
| activities | 3 | 34,540 | 34,540 | 32,502 | |
| Investment income | |||||
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL INCOME | 960 | 34,540 | 35,460 | 33,405 | |
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| EXPENDITURE ON | |||||
| Charitable activities | 4 | (000) | (37,139) | (37,139) | (38,833) |
| --------------------------------------- | ----------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL EXPENDITURE | (000) | (37,139) | (37,139) | (38,833) | |
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| NET INCOME/ (OUTGOING) | |||||
| FOR THE YEAR | 000 | (1,679) | (1,679) | (5,428) | |
| RECONCILIATION OF | |||||
| FUNDS | |||||
| Total funds brought forward | 3,808 | 18,817 | 22,625 | 28,053 | |
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 3,808 | 17,138 | 20,946 | 22,625 | |
| ======================================= | ================================= | ======================================= | ======================================= |
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.
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FEDERATION OF IRAQI REFUGEES BALANCE SHEET
YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 286 | ||||
| Cash at bank and in hand | 5 | 21,916 | 23,882 | ||
| --------------------------------- | --------------------------------- | ||||
| 21,916 | 23,882 | ||||
| CREDITORS: Amounts falling | |||||
| due within one year | 6 | (1,256) | 1,257 | ||
| --------------------------------- | --------------------------------- | ||||
| NET CURRENT ASSETS | 20,946 | 22,625 | |||
| ---------------------------- | ---------------------------- | ||||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 20,946 | 22,625 | |||
| ---------------------------- | ---------------------------- | ||||
| NET ASSETS | 20,946 | 22,625 | |||
| ============================ | ============================ | ||||
| CHARITY FUNDS | |||||
| Unrestricted income funds | 7 | 3,808 | 3,808 | ||
| Restricted income funds | 8 | 17,138 | 18,817 | ||
| ---------------------------- | ---------------------------- | ||||
| TOTAL FUNDS | 20,946 | 22,625 | |||
| ============================ | ============================ |
The accounts have been prepared in accordance with the Financial Reporting Standard 102
These financial statements were approved by the Trustees on 13[th ] October 2023:
Salar Akram (Chair):
Tara Ahmed (Treasurer):
The notes on pages 5 to 8 form part of these financial statements.
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FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023
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 2022, 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
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Others | 000 | 000 | 903 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 000 | 000 | 903 | ||
| ================================= | ================================= | ================================= | ================================= |
3. INCOME FROM CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Grants | 34,500 | 34,500 | 32,502 | |
| Miscellaneous Income | 960 | 960 | ||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 960 ================================= |
35,460 ================================= |
35,460 ================================= |
32,502 ================================= |
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FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023
3a. INCOME FROM CHARITABLE ACTIVITIES: GRANTS
| Unrestricted | Restricted | Total Funds | Total Funds |
|---|---|---|---|
| Funds | Funds | 2023 | 2022 |
| £ | £ | £ | £ |
| Trust For London | 25,000 | 25,000 | 12,500 |
| Big Lottery | 000 | 000 | 000 |
| London community | 9,500 | 9,500 | 20,002 |
| Islington Community Chest | 000 | 000 | 000 |
| LB Islington | |||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- |
| 34,500 | 34,500 | 32,502 | |
| ================================= | ================================= | ================================= | ================================= |
| 4. COSTS OF CHARITABLE ACTIVITIES: | |||
| Total Funds | Total Funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Staff Costs | 30,918 | 29,453 | |
| Support Costs | 5,607 | 9,034 | |
| Direct Project Expenditure | 000 | ||
| Governance | 614 | 346 | |
| -------------------------------- | -------------------------------- | ||
| 37,139 | 38,833 | ||
| ================================= | ================================= | ||
| 4a STAFF COSTS | |||
| Total Funds | Total Funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Salary & NI | 30,918 | 29,453 | |
| -------------------------------- | -------------------------------- | ||
| 30,918 | 29,453 | ||
| ================================ | ================================= |
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FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023
4b . SUPPORT COSTS:
| Total Funds | Total Funds | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Volunteers Expenses | 291 | 2,049 |
| Rent/Room Hire | 2,520 | 2,520 |
| Printing, Postage, Stationery | 712 | 1,202 |
| Other Office Supplies | 000 | 000 |
| Activities | 589 | 735 |
| Telephone | 813 | 752 |
| Equipment | 15 | 377 |
| Insurance | 327 | 446 |
| Catering & Refreshments | 341 | 889 |
| Website | 000 | 000 |
| Subscriptions | 000 | 64 |
| -------------------------------- | -------------------------------- | |
| 5,607 | 9,034 | |
| ================================= | ================================= | |
| DIRECT PROJECT EXPENDITURE: | ||
| Total Funds | Total Funds | |
| 2023 | 2022 | |
| £ | £ | |
| Activity Costs/Supplies | 000 | 000 |
| -------------------------------- | -------------------------------- | |
| 000 | 000 | |
| ================================= | ================================= | |
| 4d. GOVERNANCE | ||
| Total Funds | Total Funds | |
| 2023 | 2022 | |
| £ | £ | |
| Consultancy | 350 | 315 |
| Trustees Expenses | 264 | 31 |
| --------------------------------- | --------------------------------- | |
| 614 | 346 | |
| ================================= | ======================================= | |
| ASH AT BANK AND IN HAND: | ||
| 2023 | 2022 | |
| £ | £ | |
| Barclays current account | 21,883 | 23,882 |
| Petty Cash | 33 | 000 |
| --------------------------------- | --------------------------------- | |
| 21,916 | 23,882 | |
| ================================= | ================================= |
4c. DIRECT PROJECT EXPENDITURE:
4d. GOVERNANCE
5. CASH AT BANK AND IN HAND :
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FEDERATION OF IRAQI REFUGEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023
6. CREDITORS: Amounts falling due within one year
PAYE & NI Other Creditors
----- Start of picture text -----
2023 2022
£ £
--------------------------------- ---------------------------------
----- End of picture text -----
7. UNRESTRICTED INCOME FUNDS:
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 1 Apr 2022 | resources | resources | In/(Out) | 31 March 2023 | |
| £ | £ | £ | £ | £ | |
| General | 3,808 | 000 | 000 | 3,808 | |
| -------------------------- | ----------------------------------------- | ----------------------------------------- | ----------------------------------------- | ----------------------------------------- | |
| 3,808 | 000 | 3,808 | |||
| =========================== | =========================================== | =========================================== | =========================================== | =========================================== |
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FEDERATION OF IRAQI REFUGEES MANAGEMENT INFORMATION YEAR ENDED 31 MARCH 2023
The following pages do not form part of the statutory financial statements
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FEDERATION OF IRAQI REFUGEES DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME | ||
| DONATION AND LEGACIES | ||
| Donations | **960 ** | 903 |
| --------------------------------- | --------------------------------- | |
| 960 | 903 | |
| --------------------------------- | --------------------------------- | |
| INCOME FROM | ||
| CHARITABLE ACTIVITIES | ||
| Grants | ||
| Trust For London | 25,000 | 12,500 |
| Islington Community Chest | 000 | 20,002 |
| LB Islington | **000 ** | 000 |
| London Community | **9,500 ** | 000 |
| Big Lottery | **000 ** | 000 |
| Miscellaneous Income | ||
| --------------------------------------- | --------------------------------------- | |
| 34,500 | 32,502 | |
| --------------------------------------- | --------------------------------------- | |
| INVESTMENT INCOME | ||
| --------------------------------- | --------------------------------- | |
| --------------------------------- | --------------------------------- | |
| --------------------------------------- | --------------------------------------- | |
| TOTAL INCOME | 35,460 --------------------------------------- |
32,502 --------------------------------------- |
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FEDERATION OF IRAQI REFUGEES DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| EXPENDITURE | ||
| CHARITABLE ACTIVITIES | ||
| Staff Costs | ||
| Salary & NI | 24,823 | 17,615 |
| HMRC | 6,094 | 11,838 |
| Support Costs | ||
| Volunteers Expenses | 291 | 2,049 |
| Rent/Room Hire | 2,520 | 2,520 |
| Printing Postage ,Stationery | 712 | 1,202 |
| Other Office Supplies | 000 | 000 |
| Telephone | 813 | 752 |
| Equipment | 15 | 377 |
| Insurance | 327 | 446 |
| Catering & Refreshments | 341 | 889 |
| Website | 00 | 000 |
| Subscriptions | 00 | 64 |
| Direct Project Costs | ||
| Activity Costs/Supplies | 589 | 735 |
| Governance Costs | ||
| Consultancy | 350 | 315 |
| Trustees Expenses | 264 | 31 |
| --------------------------------------- | --------------------------------------- | |
| 37,139 | 38,883 | |
| --------------------------------------- | --------------------------------------- | |
| --------------------------------------- | --------------------------------------- | |
| TOTAL EXPENDITURE | 37,139 | 38,833 |
| --------------------------------------- | --------------------------------------- | |
| NET INCOME / (EXPENDITURE) | ||
| FOR THE YEAR | (1,679) | (5,428) |
| ================================= | ================================= |
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