TRUSTEE ANNUAL REPORT AND ACCOUNTS
[This is a report of I Serve Ltd activities and service provision for year ending August 2020. It contains brief summaries of services provided, with statistics to illustrate what was achieved. Ultimately, it aims to record a year of development and change, as we have continued to build on Path’s existing good work..]
Annual Report & Financial Statements
Trustees Report
Objectives
Trustees' Report for the year ended 31 Aug 2020
Introduction
This is a report of I Serve activities and service provision for the year ending August 2020. It contains brief summaries of services provided, with statistics to illustrate what was achieved. Ultimately, it aims to record a year of development and change, as we have continued to build on Path’s existing good work. Structure,
Governance and Management
Legal structure
I Serve have been established on 2003 when a constitution was adopted, I Serve operates as a registered Charity (No. 1110682).
Organisational Structure
The board of trustee is not subject to maximum trustees but there must always be a minimum of five trustees. The board meets regularly to discuss development, finance and to facilitate effective operations and the delivery of projects. The trustees are responsible for policy formulation and ensuring that the organisation complies with its legal obligations and pursues its objectives.
Induction and training of trustees
New trustees are invited to a trustee meeting to brief them of their legal obligations under the charity law, the content of the governing document, the committee and decision making process, the business plan and recent financial performance of the charity. A number of publications from charity commission are provided including the guidance on charities and public benefit. Trustees are aware of their responsibilities to keep abreast of development in relation to the governance of charities under Charities Act.
[ To relieve poverty and distress, preserve and protect good health and advance the education, employment of BME in the United Kingdom and by provision of advice, information and assistance
activities empower local people and improve lives by and to overcome barriers to independent learning, employment and preventing homelessness among BME communities including refugee and asylum seekers . ]
Trustees’ responsibilities
The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and errors.
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Annual Report & Financial Statements
Volunteers
Use of volunteers the charity is dependent on the voluntary work of the trustees and other volunteers in administering its funds and carrying out its community work. As this work has no tangible value this is not recognized in the financial statement
Financial Review Reserves policy:
The charity currently operates with minimal reserves. The trustees are endeavoring to build up its donor base with a view to having reserves of three months' operating expenditure, excluding expenditure coming from grants for projects.
Risk(s) review :
The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to look for funds to employ a youth co-coordinator, funding & finance manager in order to increase charity's donor base and to finalize the health and safety review.
Principal funding sources The charity's main sources of income are payments in relation to the supply of donations and grants. The charity received funding from the European Union , British Council and Ecorys
Our core values
Impartiality - We believe to base our decisions on objective criteria, rather than on the basis of bias, tribalism, prejudice or preferences.
Credibility - We believe to earn respect and trust through our programmes with tangible outcomes by sharing lesson learnt and achievements.
Transparent - We believe too timely and reliably disclosure I Serve financial performance.
Commitment - We believe to achieve societies free from tribalism and inequalities take time. That's why we make long-term commitments to people to resolve tribal conflicts and social inequality and promote tolerant and inclusive societies.
Our strategic Priorities 2019-22
- Encouraging Dialogue Creating space for dialogue is essential in order to build cohesive and harmonize societies. We connect people from different clans, tribes, nations, affected by the same tribal conflict, enabling them to falk about tribalism and its impacts. Through dialogue we are able to build confidence and trust, collaborations between the different communities.
Foster Tolerance - We will work with partners to organise seminars, reconciliation conferences, trainings and events. These challenge existing hate speech, to provide tools to recognize racism and radicalization stereotypes and promote understanding, tolerance awareness of peaceful ways to resolve conflicts. They help both outsiders and tribal communities better understand the complexities of each situation.
Young Influencer - Over the next Two years, we will train 80 young leaders to become role models, influence change that benefits their communities and the wider society, to become bridgeheads
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Annual Report & Financial Statements
enabling other young people to follow in their footsteps and to provide strategic leadership that ensures the voice and needs of their communities are represented at all levels of public decision-marking.
Advocacy - We will undertake number of initiatives and campaigns to advocate for the communities we serve including marginalized groups to build understandings to the challenges they face, We do this by formulating recommendations to stakeholders by working with effected communities and individuals.
Our Mental Health program: Through the actions of Mental Health Education, we will provide a set of knowledge and skills to young workers so as to enable them to work in multidisciplinary teams in the network with health professionals, bringing in very institutionalized contexts, tools and practices of education non-formal in supporting young people with mental illness.
Research - We will collaborate with academics and universities to identify the root causes of poverty,. Through the findings of the researches, we develop publications for schools, policy makers, public bodies and institutions to enable them better serve those communities and counter the misuse of tribal differences.
Achievement 2019/2020
In 2019/20, I Serve undertook a number of projects, initiatives and campaigns. The projects and initiatives we have been working on this year are as follows:
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Over 200 individual 16-30 participated (Erasmus Program) Through these activity participants developed many skills which will enhance their visibility within the community. These included inter-personal skills, practical skills such as planning, organisational, life-skills including teamwork, communication and leadership skills. They also enhanced coping skills and became more aware of ways to maintain positive mental health.
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Our Mental Health program: Through the actions of Mental Health Education, we want to provide a set of knowledge and skills to young workers so as to enable them to work in multidisciplinary teams in the network with health professionals, bringing in very institutionalized contexts, tools and practices of education non-formal in supporting young people with mental illness.
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Housing Related Support: Through the support offered, we have prevented hospital admission, prolonged lives, signposted to specialist services at an early stage and offered hope to these people who have had nowhere else to turn
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Tolerance Program: Encouraged tolerance among youngsters, to prevent hate speech, to provide tools to recognize racism and radicalization and to understand how they occur,– over 80 young people took part of this project and gave young people a better understanding of intolerance, labeling of migrants, refugees and marginalized groups.
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I SERVE LIMITED
FINANCIAL STATEMENT
31[st] AUGUST 2020
Company Registration No. 04860134
DC Accountancy Services Financial and Management Accountants & IT Consultants Tottenham Town Hall, Unit 4, Ground Floor, Town Hall Approach Road Tottenham, London N15 4RY
I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 CONTENTS
| CONTENTS | PAGE |
|---|---|
| The directors' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 7 |
The following pages do not form part of the financial statements
| Accountants' report to the directors | 9 |
|---|---|
| Detailed profit and loss account | 10 |
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I SERVE LIMITED FINANCIAL STATEMENTS THE DIRECTORS’ REPORT YEAR ENDED 31st AUGUST 2020
The directors present their report and the unaudited financial statements of the company for the year ended 31[st] August 2020.
PRINCIPAL ACTIVITIES
The principal activity of the company to provide information and advice to the Somalian associates.
THE DIRECTORS AND THEIR INTERESTS IN SHARES OF THE COMPANY
The directors who served the company during the year together with their beneficial interests in the shares of the company were as follows:
The Directors Appointed
Mr Rashid Abdilaziz 25/09/08
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provisions for small companies under Part VII of the Companies Act 1985.
Registered Office 1 Olympic Way Wembley Middlesex HA9 0NP
Mr Rashid Abdilaziz
Signed by Order of the Directors
Approved by the directors on / / 2020
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I SERVE LIMITED FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT YEAR ENDED 31st AUGUST 2020
| TURNOVER | |
|---|---|
| 2020 | |
| Sales | 105,856 |
| GROSS PROFIT | 105,856 |
| Overheads | (113,686) |
| Net profit (loss) before tax | (7,830) |
| Tax on profit/(loss) on ordinary activities | 0 |
| RETAINED PROFIT/(LOSS) FOR THE FINANCIAL YEAR | (7,830) |
| Balance brought forward | 71,541 |
| Balance carried forward | 63,711 |
None of the company's activities were acquired or discontinued during the above financial year.
The Company has no recognised gains or losses other than the results for the year as set out above.
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I SERVE LIMITED FINANCIAL STATEMENT YEAR ENDED 31st AUGUST 2020 BALANCE SHEET
| Notes 2020 FIXED ASSETS Tangible Assets 18,749 CURRENT ASSETS Debtors 6 44,858 Bank and Cash 104 Total 44,962 CREDITORS: Amounts falling due Current Assets Less Current Liabilities 44,962 Total Assets Less Total Liabilities 63,711 CAPITAL AND RESERVES Profit and Loss Account 63,711 Shareholders fund 63,711 |
Notes 2020 FIXED ASSETS Tangible Assets 18,749 CURRENT ASSETS Debtors 6 44,858 Bank and Cash 104 Total 44,962 CREDITORS: Amounts falling due Current Assets Less Current Liabilities 44,962 Total Assets Less Total Liabilities 63,711 CAPITAL AND RESERVES Profit and Loss Account 63,711 Shareholders fund 63,711 |
Notes 2020 FIXED ASSETS Tangible Assets 18,749 CURRENT ASSETS Debtors 6 44,858 Bank and Cash 104 Total 44,962 CREDITORS: Amounts falling due Current Assets Less Current Liabilities 44,962 Total Assets Less Total Liabilities 63,711 CAPITAL AND RESERVES Profit and Loss Account 63,711 Shareholders fund 63,711 |
|---|---|---|
| 63,711 | ||
| 63,711 | ||
| 63,711 |
For the year ending of 31st AUGUST 2020 the company was entitled to exemption from under Section 477 of the Companies Act 2006 relating to small companies.
Director’s responsibilities:
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(I) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476.
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(II) The directors 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.
These financial statements were approved by the directors on the. ----/----/ 2020 and are signed on their behalf by:
(Company Secretary)
Mr Rashid Abdilaziz
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I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:
Fixtures & Fittings 25% Office Equipment 25%
2. OPERATING PROFIT/LOSS
Operating profit/loss is stated after charging:
2020
Directors' emoluments Depreciation
3. TANGIBLE FIXED ASSETS
| COST At 31st August 2020 DEPRECIATION At 31st August 2019 Charge for the year TOTAL NET BOOK VALUE At 31st August 2020 |
Office Equipment £ 35,757 15,756 1,252 17,008 18,749 |
Total £ 35,757 15,756 1,252 |
|---|---|---|
| 17,008 | ||
| 18,749 |
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I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS
5. CREDITORS: Amounts falling due within one year
| Trade creditors Total 6. DEBTORS: Amounts falling due within one year Trade Debtors Total |
2020 |
|---|---|
| 0 | |
| 2020 44,858 44,858 |
6. DEBTORS: Amounts falling due within one year
7. RELATED PARTY TRANSACTIONS
The company was under the control of the director throughout the current year.
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
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I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 MANAGEMENT INFORMATION
The following pages do not form part of the statutory financial statements.
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I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 ACCOUNTANT'S REPORT TO THE DIRECTORS
As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31st AUGUST 2020, set out on pages 2 to 5 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
---------/---------/2020
Daniel Meguille BSc, FMAAT, AIBA, IIA DC Accountancy Services Tottenham Town Hall Town Hall Approach Road N15 4RY
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I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 DETAILED INCOME AND EXPENDITURE
| INCOME Brent Council Local Authority Income EU Ecorys CAF Donations HMRC JS GRANT TOTAL INCOME OVERHEADS Wages/ Salaries Rent& Rates Nier Insurance Property Maintenance Telephone Postage and stationery Travelling & Vehicle Expense Audit & Accountancy fees Training Costs Advertising Project Venue Bank charges Capital Expenditures Prefessional fees Other Expenditure Depreciation TOTAL OVERHEADS NET PROFT/(LOSS) |
28,610 0 10,000 50,230 0 2,399 0 |
2019 31,906 12,302 16,540 25,894 8,670 0 10,544 91,239 58,493 12,240 8,427 708 636 4,080 500 7,860 720 5,293 1,507 5,600 180 2,000 2,870 1,320 1,252 85,611 5,628 |
2019 31,906 12,302 16,540 25,894 8,670 0 10,544 91,239 58,493 12,240 8,427 708 636 4,080 500 7,860 720 5,293 1,507 5,600 180 2,000 2,870 1,320 1,252 85,611 5,628 |
2020 |
|---|---|---|---|---|
| 40,239 13,200 3,201 901 2,670 880 11,029 800 1,450 987 6,504 880 1,890 980 0 0 |
58,493 12,240 8,427 708 636 4,080 500 7,860 720 5,293 1,507 5,600 180 2,000 2,870 1,320 1,252 |
|||
| 91,239 | 105,856 | |||
| 85,611 | 113,686 | |||
| 5,628 | (7,830) |
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