afty RStratiOn NO: 1111703 comp ND: 05460115 ANNUAL RIPORT ANO FINANCIAL STATEMETrrrs FOR THE YEAR ENDfD 30 SEPTIMBIR 2021
Annual Rwrt and Flmnclal Slatement• For Theyear End 30 September 2021 CoThtent• Legal aftd admlThstratwe Infornatton Independent Examintr¥ Reptrt statem•nt fx Rnandal Acuvltt atiméftt C Anandal Posltson Notts To Th• *£count8
Tl* •ritl¥h 14ornr•n S(Klety Legal and Admlnistratl¥e ZnfonThtl For Thuyeay Endod 30 Septemlw 2021 DrA Bahaljoub 8enedl¢tÈ aarkwTr All Kasry Anthony Layden Lord Frands N•¥all Dr Hansdev Graham MGCulloth Mlke Wood John Wolfe ¢hailty Numbw 1111703 Prlndpll Addre•• 300 Vauxhall WJÈ Ro•J London swiv I Ac¢4Juntaftts 300 VaLth311 BMd9• Ro London swLv I
Vor Th• Ywr ended 30 Smbv 2021 The Tntsiees present thdr rwrt arrfl thfj finanthal stat•rrnTrts for the y•ar ended S•Wmb•r 2021. Th¥ flnanelal thtaments hav been prepared In acrordance wlth thè accounting pollcles set out kn nott I to the finala1 srat•ments and comply th thè Charity'5 gOv•rng docum4 the Charftles Att 2011 and"Attaurtttng and Re)ng by Chjrttles: Ststement of Recomm8nded Praciico appllcabl• to cha$ preparfNJ thr accounts In accordan wlth the Fjnancial RepDrtlng Standard appllcable in the UK and Republk of trdand (FRS 102)" (as arrded lor accountyng penc¢ts comrnenung from l January 2016). The purpose of the Britsth Moroccan S(Kiety (BMS) is tt) oppDrtynes fvr sodal. lturaL gducational. buslness aTrJ charitabte aLtivltie¥, conUnLn0 to Conjte to strvng rdtors startwj 800 years ago the UK and Moro(o). Alms The &YS to fostsr.. Knowledge of Morocc¢> In the UK and vke-versa Int•r•st In Moroccan a1 BrStLsh culture and art and th• dw•lopm•nt ol vjkural change b•hv••n th• t1 countsl•s al contacis between those Intereed In the lJYo klngdums Comm8rdal. enamIt and toudsilc Ilnks and exchanges Educ4tlonul ¢olFabryayo and connectlons Events to ralse money for thadtJble caws In Morocco Th• Trt9 havo pnld due Maard to gwdance IswJ by th¢ Ch)rlty Comml¥¥l¢>n In flttldlng what actmtfes the Chadty ould ulertake. 01Ve5 of thÈ BMS achièved through evan acUvJties, and fttnd-r?lng rn. Nurrbtr of members IncreaJ espeually among youNJ professlonals and Uner$lty thdgnts. (knwlng nLtmber of culturnl organts10ns and fesuvèls In UK and Morocco Collabornng or p4rtnerirtg wlth thè 8MS Regular, wpll orgonlsed, enJoyJbJ4 Intere5tlng events: good soclali&ng and nekn¥othn9 QPPOrtunlYe5 Commltmgnt and smJll don40 to hrthy tharlt4blo tsus•% In MoroC¢O. Taxthlst Accountants (London SWI) managfA tho Sod&5 bock-keeplng; xcounts •ff•rtlv•ly and •lllclentw m•n•g•l. Plnand•l rnvlew A contlng•ncy fund of £10,0 Is rttaln4d In a N•tWest 8usln•M Res•rv• AOU& Th9 Th15tw hw• a#•ss&J th• mlor to wN¢h thè Charw ts •xposed, and are ytlsled thjt systems ar• In pla¢• to mltlgats exposure to the rn•Jor rf5ks. Structur4 90¥4rMnce and mimgement The Charty15 a coryyany Ilmltod by guaran and ha$ no $hJr• upfrbl. The Dlréttorn hav• no Interest In tha members. fvnds. TheTruth4 who ar• also th• dirKtors for th• purpos• of company law, and who sw¥èd durln9 tho y•ar w•r•: Dr All Bahaljoub 8enÈdlttè ciarksor. l Kasmi Anthony Layd•n L•rd Fr•nd• N•wBI1 Dr Hansd•v PaL•I Grahjm M¢Culloth Mlk• Wood John Wolf• Non• ofth• Th05 any b•rt•ftclal Int•rnst In th• corrpany. AJI orth• TnAtees ir• Thmb•rs of the company 4nd gu¥ont4e to contribute £1 In tho event of a winding up. TheTnJ5tees have a55es5ed the mèjw rL%ks to whlch the Qbartty Is exposed, and are sat15fied that SV5ttrY& are In plau tD mltlgat• expxuFe trJ the maJor rls. The TrLtstees' report was apprOd by the rd of On bahalf of Mrjohn Wolfe IWi¥20
Indepdent Eominerfs Report I rwt on th• accounts of the awlty tor theyear end•J 30 S•ptwnbqr 2021, whlth ar• s•t on pages 4 to 9. 7he Trust•ès who are iso the dlreciors ofThe V$h Moroccan Soctety fvr the purposes coryany law, are responslble ftr the prop4raOn lif the accounts. The Trust•es Cortder that w¢ audlt Is not requlrnd for thls yw under sKUon 144(2) ofthe lrttles t 2011, the 2011 Aci and th)t an independent examlnadan Is nee. Havlng saYsfied mysotf that the charty LS not subjett to un(krcowny law and 15 eltglbl• for 1ndWent axamlnatlon, It Is my re5klb11tty to: (i) eXano the account5 sertbn 145 of the 2011 Att.. {11) to follow the pmtsduras kld down in thE weral Dlrnctlon5 glven by tm Commton under section 145(5){b) of the 2011 A£t; and (111} to state whether part[Llar Matt hav• COMB to my att•ntton. Ba•l¥ of Ifidependt examlnw'• report exarrdnatton was ¢ard•d out In •ccordinc• wth the g•nwal DireLtloM 9an ty th• Charlty CommlssS0rt. An gxaffthnayon Includ•s rnylew of the accountlng records k•pt by th• chadty ar a ¢onyrlson of the accounts present•d wlth thos• rocords. It also Inclu¢Je5 ortSd•ratlon of any unu5LttI ItfAn$ or dlsclDsur•s in the attounts. and 5o•klng o¥planattons fromyou as truste•5 concemlng any such mattqts. Th• proc•Jures und•rt)ken do not provlde all the •vldoncè that wtsuld r•qulr•d In an au¢Mt and consequenY no op5nlon Is qlven a$ to wh•thw the accousits pres•nt 8 'tru• and falr vll Ij th• r•port Is Ilmlt•d to thos• matt•rs Mt out In th• Sta•rt bdow. Ind•pknd•nt ex•fiAr.$ •tvn•rt (a) whlth qlves m• rgasonabh cause to bdlave th In any mat•rfal rtspect the requli¢n*nts: l) to k••p accounung records In accordancé wlth sqcdon 386 of thq Companl•s Att 2006; and 11) io prepart accoufits whlth accord wtth the account1r rKords. comply wf(h the attounting r•qulremth)ts of 396 of the Companlas Act 2006 and with the method$ and ytnclples Of the Statement of Recommend•d Pftctlce: Accounyng and R•portlng by Chart¢lg5. (b) to whlch, in my oplnlon, att&ition sf¢ould be drnvn In order to •blo a PFopar ndl31n9 oftht attounts to be reacl)ed. S•rah K•y ACQ TaxAsslst Accountants Vlctorta 300 Vauyh•ll 8riog• AO• London SWIV IAA ion212021
statem•nt of finan¢l•l ActlvRI Vor Theyear Ended 30 September 2021 2021 2020 DonattOr and legad89 4,958 Charftabl¢ acmvltl 6.989 22,754 Inw#ments 35 Totsl incom 7,024 27,714 Charltabte acdv c21,2) (24,318) Net In¢om•/(xndIture> foy th¢ ywrl Net InrnIng/{0utyQ1nY) r•xwr (13,978) Oth?r r¢copnl#•d galns al Iosg Oth•r Interest ra¢•ivabl• and Imll•r Incom• (832) Nat mo¥•m•nt In fund• (13,978) Fund balancqs at l Ortob•r 2020 140.225 137.661 Furtd bal•nces at 30 S•Fen*r 2021 126,247 140,225 on paggs 6 to 9 form part tsf th•so flnandal posltlun.
Tho Brlllsh Moroccan So¢l¢ty ststem•nt of Firtanclal Posltlon As at 30 Septembey 2021 2021 2020 Cash at bjnk )nd In hand 127.687 141,423 127,687 Current Uabllllles io (Iwo) (1200) 126,247 140,225 INCOME FUNDS Unrestrl¢t•d fund8 126,247 140,223 126347 140,225 For the tlnaftdal year in qU8*loD the company was 1119d to und•r c¥Oft 477 of tM Companl•s Act 2(KJ6 retaVng to small tompaniès. No m•mb6rs have requlr•l tho coMnY ta obtalrt an 4udSt of Its aCC)nts ft>r thq y In qu•stion In accord 1th sectlon 476 or thè CompaAles Act 2005. Th• dlNctors •cknObadqa th•lr r•wn$lblllty for corylylng wlth th• MqsJlrwMrts olth• wlth r•%p•rt tr 4ttouniing r•cords lor th• prqporatlon of accounts. The ftnandal St1MInts w•r• approv•d by tho Trusiees on Olrt Wl 2021. On bthalf ofth? tyoa Mr John Wolfe 1011212021
N¢>t¢s to the Fln•n¢lal Po¥ltlon P(Y lTh• Year End 30 SeptsM1 2021 Tha 8rttj.sh Moroccan Sodety Is a re9lst•d at tha charfdes commlssion. 1.1. 05 of Pleration af FIMncl41 Stat•m The nnandal statements haye been prepared In accoydance the Chadty¥ [weming docuffrtJ, tht Ch4rf¥es Art 2011 and "A¢countlng aTrJ Reportlng by (hrftles.. Stat•mertt of Rècommwdèd Pratticè applica to chafjues wÈp4rfng thdr accounis In accordanc• wlth th• Ftnanclal R•pt>rtlng Standard appllcabla In th• UK and Republic of Ireland (FRS 102)" las am?nded ftr ac¢ountlng perlods ctsmmendng from l Jan(tary 2016). The Charlty Is a PUNIC 8éfit Enty as ddned by FPS 102. The Charfty has tak•n advantage of th• prov151¢$ In th• SORP for chirttl•s ap¥1n9 FAS 102 Uptht• &klledn I nDt to prEpJr• stattmgnt of 5b Th• finartc(al statèments have deparTri from th• tharitiis (Attounts and Reports) RegUlaonS 2008 only to the •xtert required to provide a tru• and falr vlew. Th15 departure has Involved followlr4 thè Sthteftt of RKommended Pracdco for charliles applwftg 102 rather than thg verslon of the Stknnent of Reccfflrmnded Pr•tttc• whlch 1$ rrfwrJ to 5n the Regutations but vthlth ha5 nce been wlthdrawn. Th• financlal statements arq prgpjrqd In sLYrJlnw whlch Is th• funrllon•l curroncy of th• Charjty. Monetary arTr)unts tn thesg financlal statnIS ar rounded to thg nearf £. Th• flnanclal statem¢nts have teen preparnd und•r tha hlrtorital cost canvqntlon, ndIfied to Indude the r•valuatlon of freehold w0rtIeS and to Indudo Investment properues and ortaln flnanclal Instrum¢nts ai falr v?lu•. Th• pdndp•l a¢counUno pollcl•s adopt•d arn s•t out b•kn¥. 1.1. Charttable fvnd• Unr•rict•d funds •r• 8vallJbl• for ui• at thè d1strOn of lh• In furtheranc• of th•ritabl• obJ•ttlv•s 4tht•ss th• fvnds hav• b•m doslgn•ted ft?r othgr purpo Rerfe<e¢i fvnts are subjact to spÈcffic ¢ondltlons by donors as to how thly may bÈ used. The purpDSa5 arKI us•s of th• restrlcted funds are set out In the note5 to th• finandal stat•m•nts. EndoWrftt fvnds arn subJ&t to spedfic condlb.ons by donors that the ¢aMtal mtryt ba matntir'n&4 by the Charfty. ia. Zncomlng r•sourc¢g Inm& is rÉcoonlsÉd when th• Chjrfty Is lJally •ntr£lÈd to It •fter any perfomianc• cOndOrd hava b••n m•¢ th• aFTr)unts c•n b• rreasured relIab, and It Is wobabl• th)t Incom• 11 h rncqlv•d. Cagh donatlons ar• r•cognSs•d on re¢•lpL Oth•r donatlons are r•c¢4Jnls•d on¢• th• a)arlty h45 bwt no• ol th• donatlon, unl•ss p•rform•nc• condltlons rnqulr• d•hrrnl of tho ameunt. In¢om tax r•cov•rabl• In relaon to donatlons rKdvth1 und•r Gft or d•dds of covanant IG reco9nlsgd at th• tlm• oe the donavon. Lega¢lgs art re¢ooni$ed on recelpt or otherwise Sf the Charfty has been nOffed of an Impendlng dlMbutlon, the arTr)unt15 known, and receipt Is expetted. If th• amount Is not kngwn. th• l•gacy15 treated as a contlngert asset. Revenue Is mv1wd #t th• ftir valua of tne cOnseratn r¥•0 or racwyam ano r•Prnsts amounts [Yaa for goods nd servltss providÈd In th• nomul coursè tt bu51tss, nÈt of dlscounts. VAT a1 other leS rela taxo5. 1.4 C•sh Cash and cash tquNalents Indude cash In hand, dep)stts hdd at call wlth bank4 other short-t•rm luld Ir)vostrngnts wlth origlnal maturltls of thrqa or I, and bank ov•rdraft5. Bank ovwdrats 4r• shown wlthln bJTTowlngs In curr•nt liabllltt•s. 1.5 Flnanclal In•tNm•nts Thè Charlty has etert•d to apply the V¢vl¥lon$ of S•c¢lon 11 'Bask Fln•ndal instnwnqnls, S•ctFon 12 Thh•r Hnond¥i Instruments SueS. of FRS 102 to all ollts flnanaaj fnstruments. Finandal Inruments are rtsUnOd In thq Charlw b4lance sh8etwh tho Chwlty Lctsmg¥ party to the contractual WNithns of the Instrumtyit. Financtal assets and 1[alItIeS are offrt wlth the n& arnourts pren In the financkil state when the Is o tegalty rorceable rlght tr Set off the Fecognised arrnunts and there i5 an intention to 5th tsn a net tAsis or to roalLEe and stttk the Iwbllty s1multaftq0. Baste flnandal asS8ts. whlch IUde trad• and other reofvab195 aThl cash and bank balantès, aTr Inmally measured at transacuon ce Includlng transaction costs ènd are 5ubsoquenlSy tarriod at amortlsed cost uslng thè èffÈcUve IntwLst method unle59 th• arrangement cotsts"tuiÉS a financing transartlon, whwe th• tran5actKJn Is méasur•J at th• prasènt value of the fyjture recelpts discounted at a mark& rate Int•r•sL Flnanclal a$sqts classltled as rKelY4blè thIn one year are not amorbsed.
Not05 ttsthe Plnanclal PosItI (continual) For The Year Endod 30 mber 2021 Basic financlal Ilabll(tles. InclL41lng trbJe and other payables and bank loans are Inltlalty rnco9nlsed at tran5ardon Pr5 Unl tha arrangement constltutas a financin9 transaction. where the det¢t instnmnent Is wsured at th8 w&4nt valua of the fijbjrè payments discounted at a mark& rats of IntertsL nandal Ilabllittes cla5slfied as payaN8 wlthin or year are not anwrtiseo. Trade payables ot41gatlorn to pay for go¢)ts or wceS that hav• b08n acqthrès in the ordlnwy ulu8 of 0ratiOnS from suppllers. Amounts payable are da5sKled as current liabSllties If payryv¥nt Is due wthin one year or less. If no¥ thw are prgsontgd as non-turrent Iiabiliti•S. Trade yableS are recognlsed InsaIlY at transactlgn PTlce and 8ubsequenUy measured at amordsad cost uslng the effective int•r•st m•thod. Ftnanclal IlablllU•s ar• derecognlsÈd when th• Chrt5 contrJcty•l obil9attons or are dts¢h4rg•d or caneellr3J. Donatlom and 199ad•• 2021 2020 DonalJon$ and glts 4,958 4,958 3. Cth•rltabl• •cll¥ltl•• 2021 2020 Membershlps and Subscrlptions Events 6,989 1.270 13,683 7,801 Au¢tton$ and Rafflqs 6,989 12,754 4. Xnv•Btm•Dts 2021 2020 Js PgR47
Notes to the fifianclal Posftloft (conttnued) For The Year Ertdqd 30 mber 2021 20 2020 eruslng FYe•lanur fees 175 1,200 88 Prfnttng p POSta9e aNJ st4tlonery BankCharrJes Chable Causas 130 370 18.138 12.107 Events 9,886 580 Expwsas 246 19,802 1,200 23,118 1,200 Shar• of 90mInc• costs (sae not• 6) 2021 2020 B•l• of •llocatlon unt4ncy 1,200
n¥ of th• Thtstaes (or iny pqrsons ttnn8tted th them) r•c•lv•d any remun•rntton durlng th• y•ar. 8. Emplryffts Thw• ware no enwloy••s durfno th• r. 9. Oth•r galns x Its•H• 2021 2020 Foretgn exthange (galns) and lossès 10. Curr•it lknbllStl81 2021 2020 Trad• payable 240 Ac¢ruaFs and defThJ incoft IA40 1200
Not•• to th• FlnAnclol l>ositl¥)n (contInU> For The Year knded 30 St •mber 2021