Eman Foundation Ltd
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
Charity Number 11106916 Company Number 05163248
MIRZA SHIPKOLYE ACCOUNTANT 89 LANGHAM ROAD LONDON N15 3LR
Eman Foundation Ltd
YEAR ENDED 31 MAY 2021
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Report for Trustees | 4 |
| Independent Examiner’s Report to the Trustees | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13-17 |
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Eman Foundation Ltd YEAR ENDED 31 MAY 2021
| Status | The organisation is a registered charity and | The organisation is a registered charity and | |
|---|---|---|---|
| a company limited by guarantee | |||
| Governing Document | The organisation is governed by | memorandum | |
| of association; it was incorporated 8 April 1994 | |||
| and the memorandum and | articles were | ||
| subsequently amended by |
resolution | of |
|
| members. The organisation was | registered | with | |
| the Charity Commission on 13 July 1995 | |||
| Charity Registration Number | 11106916 | ||
| Company Limited | 5163248 | ||
| By Guarantee Number | |||
| Registered Office | 25 Mafeking Avenue Park | ||
| Newbury | |||
| Ilford,Essex, IG2 7AW | |||
| Trustees |
MR EBRAHIM ADAM | ||
| MS HIROKO OKUMORI | |||
| MS SATINDER ATKAR | |||
| MISS SERIN PATEL | |||
| MR UMAR ADAM | |||
| Officers | MR EBRAHIM ADAM, Chair | ||
| Company Secretary | MS SATINDER ATKAR |
||
| Bankers | Natwest Bank | ||
| Chatham Customer Service Centre, | |||
| Western Avenue, Waterside, | |||
| Chatham Maritime, Kent, ME4 4RT |
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Eman Foundation Ltd
REPORT FOR THE TRUSTEES YEAR ENDED 31 MAY 2021
The trustees present their Annual Report along with the Financial Statements for the year ended 31 May 2021
Structure, governance and management
We are starting a new programme of structure as the project of completing the Mosque is nearly finish
Trustee Board – membership and appointment
No Further appointment this year as it is a transitional period.
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Eman Foundation Ltd REPORT FOR THE TRUSTEES YEAR ENDED 31 MAY 2021
Eman Foundation Ltd is growing and this year is no different. This year we have dedicated in fulfilling the aim of everyone and complete the building of the Mosque. As you can see we have nearly achieved this project and it hasn’t been easy.
We are in full flow in the process of funding the new mosque. We are grateful for the support from the community at large regarding the voluntary contribution as well and voluntary help.
We have achieved loads of classes for the children in Islamic studies as well as other activities that the centre offers. The children are taught and learn to respect every one in the community as well as their elders. We have a varied ethnic group of children that visit the centre.
We have other activities that we offer and services include :-
Marriage bureau. We have help loads of families settle in and encouraging them to have better family life.
We have a few session for family affairs to be settle and dispute resolve. We have loads more classes for women and other people using the centre Women groups are well represented in the centre and they hold weekly and monthly meetings as well as programs.
Football club for all ages- 10-50 years old. Seminar in different subject and from scholars from all over the world We provide people with information and advice regarding their difficulties and how to address them.
We do help charities here and abroad when needed.
We are still the process to look for funding to get the new mosque in place starting this year and finishing next year before. We have only £250,000.00 to finish the mosque. We still have loads of Khase Hasana to clear.
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Eman Foundation Ltd
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF YEAR ENDED 31 MAY 2021
I report on the accounts of the company for the year ended 31 May 2021 which are set out on pages 9 to 15.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The 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 needed.
Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT 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 company 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below
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 requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
• to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mirza Shipkolye Accountant 89 Langham Road, London N15 3LR
Dated: 01/02/2022
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Eman Foundation Ltd
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MAY 2021
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| INCOME FROM | |||||
| Donations & legacies | |||||
| Income from charitable | |||||
| activities | 2 | 296,974 | 296,974 | 222,131 | |
| Donation income | 3 | 0 | 0 | 0 | |
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL INCOME | 296,974 | 296,974 | 222,131 | ||
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| EXPENDITURE ON | |||||
| Charitable activities | 4 | (61,835) | (61,835) | (41,487) | |
| --------------------------------------- | ----------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL EXPENDITURE | (61,835) | (61,835) | (41,487) | ||
| --------------------------------------- | --------------------------------- | --------------------------------------- | --------------------------------------- | ||
| NET INCOME | |||||
| /EXPENDITURE FOR THE | |||||
| YEAR | 235,139 | 235,139 | 180,644 | ||
| RECONCILIATION OF | |||||
| FUNDS | |||||
| Total funds brought forward | 624,151 | 624,151 | 443,507 | ||
| --------------------------------------- | ----------------------------------- | --------------------------------------- | --------------------------------------- | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 859,290 ======================================= |
================================= | 859,290 ======================================= |
624,151 ======================================= |
The Statement of financial activities includes all gains and losses in the year. All of the above amounts relate to continuing activities.
The notes on pages 13 to 17 form part of these financial statements.
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Eman Foundation Ltd
BALANCE SHEET Company No 5163248
| YEAR | ENDED 31 MAY 2021 |
ENDED 31 MAY 2021 |
ENDED 31 MAY 2021 |
Charity | No11106916 |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Fixed assets | |||||
| 2,925,935 | 2,725,935 | ||||
| CURRENT ASSETS | |||||
| Debtors | 6 | 000 | 000 | ||
| Cash at Bank and in Hand | 283,788 | 225,650 | |||
| --------------------------------- | --------------------------------- | ||||
| 283,788 | 225,650 | ||||
| CREDITORS: Amounts falling | |||||
| due within one year | 7 | (300,000) | (250,000) | ||
| --------------------------------- | --------------------------------- | ||||
| NET CURRENT ASSETS | (16,212) | 24,350 | |||
| ---------------------------- | ---------------------------- | ||||
| NET ASSETS/(LIABILITIES) | 8 | 2,909,723 | 2,701,585 | ||
| ============================ | ============================ | ||||
| CHARITY FUNDS | |||||
| Unrestricted Funds | |||||
| General | 10 | 624,151 | 624,151 | ||
| Designated | 11 | 2,285,572 | 2,077,434 | ||
| ----------------------------- | ---------------------------- | ||||
| TOTAL FUNDS | 2,909,723 ============================ |
2,701,585 ============================ |
For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These financial statements were approved by the trustees on 1st February 2022 and signed on its behalf by:
Ebrahim Adam, Chair/Director
The notes on pages 13 to 17 form part of these financial statements.
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Eman Foundation Ltd
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2021
1. ACCOUNTING POLICIES: Basis of accounting
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 for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015)
Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
E xpenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis
Depreciation and Dimunition of Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Office equipment (except for IT equipment) 33.33 % per annum on cost .
From 2003-2004, IT equipment is fully written off in year of purchase.
General funds
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of Camden Mediation and which have not been designated for other purposes.
Designated funds
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds
Restricted funds are grants, donations and other incoming resources which are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Governance Costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.
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Eman Foundation Ltd NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2021
1. ACCOUNTING POLICIES (continued)
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due
Gifts In Kind
The charity receives the benefit of work carried out by volunteers which is not costed
2 . INCOME FROM CHARITABLE ACTIVITIES:
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Contracted Services and Fees | 000 | 000 | 000 | |
| Other Income | 296,974 | 296,974 | 222,131 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 296,974 | 296,974 | 222,131 | ||
| ================================= | ================================= | ================================= | ================================= |
3. INVESTMENT INCOME:
| INVESTMENT INCOME: | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Bank Interest Received | 000 | 000 | 000 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 000 | 000 | 000 | |
| ================================= | ================================= | ================================= |
. COSTS OF CHARITABLE ACTIVITIES:
| Total Funds | Total Funds | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Charitable Activity | 58,581 | 38,938 |
| Governance | 3,254 | 2,549 |
| -------------------------------- | -------------------------------- | |
| 61,835 ================================= |
41,487 ================================= |
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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2021
Eman Foundation Ltd
4a . CHARITABLE ACTIVITY:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Salaries | 43,113 | 33,517 |
| Recruitment | 000 | 0000 |
| Books | 534 | 1,680 |
| Fees for Mediating and Training | 000 | 0000 |
| Bank Fees | 000 | 600 |
| Advertising and Marketing | 000 | 000 |
| Volunteer Expenses | 000 | 000 |
| Staff Travel | 000 | 000 |
| Rent and Rates | 000 | 000 |
| Utilities | 3,024 | 958 |
| Cleaning | 000 | 000 |
| Professional Exp | 600 | 600 |
| Building Repairs and Maintenance | 10,610 | 000 |
| Printing, Publicity & Stationery | 000 | 000 |
| Postage | 000 | 000 |
| Telephone and Fax | 807 | 1,090 |
| Equipment Maintenance & Repair | 000 | 000 |
| Computer Expenses | 000 | 000 |
| Premises Costs and Room Hire | 000 | 000 |
| Insurance | 493 | 493 |
| Subscriptions & Accreditation | 000 | 000 |
| Sundry | 000 | 000 |
| -------------------------------- | -------------------------------- | |
| 58,581 | 38,938 | |
| ================================= | ================================= |
4b. GOVERNANCE:
| Total Funds | Total Funds | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Independent Examination | 1,500 | 1,000 |
| Board Expenses | 1,350 | 1,350 |
| Companies House Filing Fee | 13 | 13 |
| Charges | 391 | 186 |
| -------------------------------- | -------------------------------- | |
| 3,254 | 2,549 | |
| ================================= | ================================= |
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Eman Foundation Ltd NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY2021
5. STAFF COSTS AND TRUSTEES RENUMERATION:
Staff costs during the year was
| costs during the year was | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and Salaries | 43,113 | 33,517 |
| Social Security Costs | 000 | 000 |
| -------------------------------- | -------------------------------- | |
| 33,517 ================================= |
33,517 ================================= |
No members of staff were in receipt of emoluments of more than £60,000 during the year. The average number of full time employees was 3.5 (2020 – 2)
No trustee received any renumeration in respect of their services as a trustee during either the current or comparative year.
6 . DEBTORS:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade Debtors | 000 | 000 |
| Prepayments | 000 | |
| --------------------------------- | --------------------------------- | |
| 000 | 000 | |
| ================================= | ================================= | |
| CREDITORS: Amounts falling due | within one year | |
| 2020 | 2016 | |
| £ | £ | |
| HMRC VAT | 000 | 000 |
| PAYE & NI | 000 | 000 |
| Deferred Income | 000 | 0000 |
| Khase Hassana | 300,000 | 250,000 |
| --------------------------------- | --------------------------------- | |
| 300,000 | 250,000 | |
| ================================= | ================================= |
7. CREDITORS: Amounts falling due within one year
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Eman Foundation Ltd
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2021
8 . SUMMARY OF NET ASSETS BETWEEN FUNDS:
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Fixed Assets | 2,701,585 | 2,701,585 | 2,725,935 | |
| Net Current Assets | 258,138 | 258,138 | 24,350 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 2,959,723 ================================= |
================================= | 2,959,723 ================================= |
2,701,585 ================================= |
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