Registered Charity Number 1115101
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION
Report and Accounts
For The Year Ended 31st March 2022
Report and Accounts
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustee's Report | 2 |
| Statement of trustees' responsibilities | 4 |
| Accountants' report | 4 |
| Statement of Financial Activities | 6 |
| Income and Expenditure account | 7 |
| Statement of total recognised gains and losses | 8 |
| Recognised Gains and Losses | 9 |
| Movements in Accumulated Funds | 9 |
| Balance sheet | 10 |
| Cash flow statement | 11 |
| Notes to the accounts | 13 |
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Charity Information
Trustees
Ibrahim Hassan Ahmed Loyan Abdi Ali Mohamed Rafle Abdihamid Karshe Said Farah Mohamud Ahmed Mohamed Farah Dini Dr Abdinasir Mohamed Salah Mohamed Abdi
Secretary
Dr Abdinasir Mohamed
Accountants
Mr Mohamed Jibrill Elmi (AFA MIPA) 26 Grange Road Small Heath, Birmingham, B10 9QN Fax: 0121 247 5366 info@starlinkaccountants.co.uk www.starlinkaccountants.co.uk
Bankers
Barlcays bank Plc, P.O. Box: 54, Town Hall Square Leciester LE87 2BB
Registered office
1 KAMLOOPS CRESCENT LEICESTER LE1 2HX
Registered number 1115101
1
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION
The report of the trustees for the year ended 31 March 2022
Introduction
The trustees present their annual report and accounts for the year ended 31st March 2022
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st March 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The Full name of the charity is: ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION
Date of formation 05 July 2006 The Principal Office is 1 KAMLOOPS CRESCENT LEICESTER LE1 2HX Charity Registration Number 1115101 The telephone number is 01162517342
A summary of the objects of the charity as set out in its governing document.
For any charitable purposes for the benefit of the community in st mathews in the city of leicester, national and international (the area of benefit), and in particular the advancement of the islamic religion, and any other charitable purposes which the trustees from time to time determine are suitable to be pursued in connection with such advancement including the relief of poverty and sickness, the promotion of education and the provision in the interests of social welfare of recreational facilities.
2
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION
The report of the trustees for the year ended 31 March 2022
Structure, Governance and Management
Nature of the Governing Document and constitution of the charity
The charitable trust consisted by deeds (“the charity “) and its property (“the trust fund”) shall be administered and managed by the trustees under the name of ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION or by such other name as the trustees from time to time decide with the approval of the Charity commission of England and Wales (“The Commission”). The trustees shall hold the trust funds and its income upon trust to apply them for following objects (“The Objects “): promote any charitable purposes for the benefit of the community in Leicester (herein after called the area of the benefit) in particularly and in general national and international, and any other charitable purposes which the trustees from time to time determine are suitable to pursued, in connection with such advancement including the relief poverty and sickness, promotion of education and provision in the interest of the social welfare and recreational facilities.
Financial Review
Transactions and Financial position
The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (effective April 2005) and in accordance with the Financial Reporting Standard for Smaller Entities ( effective January 2007) .As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.
The members of the Board of Trustees of the Charity during the year ended 31st March 2022 were :-
Mohamed Wehliye Mohamed Rafle Abdihamid Karshe Said Farah Mohamud Ahmed Mohamed Farah Dini Dr Abdinasir Mohamed
At the Annual General Meeting 04 Janaury 2023
Statement of Trustees' Responsibilities
Charity Law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material departures disclosed and explained in the financial statements;
The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
3
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Independent Examiner's Report to the members of the charity
Report of the Independent Examiner to the trustees
on the accounts of the Charity for the year ende31 March 2022
I report on the financial statements of the Charity on pages 6 which have been prepared in accordance with the Charities Act 1993 and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2007 , adapted to meet the needs of unincorporated organisations, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2008 as modified in June 2008. (The SORP), under the historical cost convention and the accounting policies set out.
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied mysef that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 43 of the Act; b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
4
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales ( effective April 2008 ), on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed our examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
Accountants
The professional qualifications of the examiner are :- Mr Mohamed Jibrill Elmi (AFA MIPA)
Tel: 0121 270 3966 Fax: 0121 247 5366 info@starlinkaccountants.co.uk www.starlinkaccountants.co.uk Starlink Accountants 26 Grange Road, Small Heath Birmingham B10 9QN The date upon which my opinion is expressed is :- 05 January 2023
5
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Statement of Financial Activities for the year ended 31 March 2022
| Notes Incoming resources Incoming resources from generated funds Activities for generating funds Incoming resources from charitable activities Total incoming resources Costs of generating funds Costs of generating voluntary income Costs of charitable activities Total resources expended Net incoming resources before transfers between funds Net incoming resources before Other recognised gains and losses Other recognised gains and losses Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward |
Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 304,783 - 304,783 207,379 3,543 - 3,543 5,328 308,326 - 308,326 212,707 56,300 - 56,300 - 176,901 - 176,901 177,258 233,201 - 233,201 177,258 75,125 - 75,125 35,449 75,125 - 75,125 35,449 75,125 - 75,125 35,449 682,902 - 682,902 682,902 758,027 - 758,027 718,351 |
|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 10 as required by the said statement.
All activities derive from continuing operations
6
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Statement of Financial Activities for the year ended 31 March 2022
Income and Expenditure Account for the year ended 31 March 2022
| Turnover Direct costs of turnover Gross surplus Operating surplus Surplus on ordinary activities before tax Surplus for the financial year Gift Aid Payments Retained surplus for the financial year All activities derive from continuing operations |
2022 £ 308,326 233,201 75,125 75,125 75,125 75,125 - 75,125 |
2021 £ 212,707 177,258 35,449 35,449 35,449 35,449 - 35,449 |
|---|---|---|
7
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Statement of Financial Activities for the year ended 31 March 2022
Statement of Total Recognised Gains and Losses for the year ended 31 March 2022
| Excess of Expenditure over income before realisation of assets Profit per Profit and Loss account Net Movement in funds before taxation |
2022 2021 75,125 35,449 75,125 35,449 75,125 35,449 |
|---|---|
| Movements in revenue and capital funds for the year ended 31 March 2022 Revenue accumulated funds Accumulated funds brought forward Recognised gains and losses before transfers Closing revenue accumulated funds Designated revenue funds At 1 April At 31 March |
Unrestricted Restricted Total Last year Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 647,453 - 647,453 677,454 75,125 - 75,125 35,449 722,578 - 722,578 712,903 722,578 - 722,578 712,903 Total Last year Funds Total Funds 2022 2021 £ £ - 5,448 - 5,448 |
|---|---|
The purposes for which the designated funds have been established are described in the notes to the accounts
8
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Statement of Financial Activities for the year ended 31 March 2022
| Summary of funds Revenue accumulated funds Revenue designated funds Total funds |
Designated Unrestricted Restricted Total Last Year Funds Funds Funds Funds Total Funds 2022 2022 2022 2022 2021 - 722,578 - 722,578 712,903 - - - - 5,448 - 722,578 - 722,578 718,351 |
|---|---|
The statement of changes in resources applied for fixed assets for Charity use is shown in the notes to the accounts
9
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Balance Sheet
as at 31 March 2022
| Notes 2022 £ The assets and liabilities of the charity : Fixed assets Tangible assets 8 610,000 Total fixed assets 610,000 Current assets Cash at bank and in hand 170,366 amounts due within one year 6 (22,339) Net current assets 148,027 Total assets less current liabilities 758,027 Creditors:- amounts due after more than one year - Net assets including pension asset / liability 758,027 The funds of the charity : Unrestricted income funds Unrestricted revenue accumulated funds 682,902 Net revenue funds 75,125 Unrestricted capital funds Designated fixed asset funds - Total charity funds 758,027 Mr Abdinasir Mohamed Trustee Approved by the trustees on 5 January 2023 |
2021 £ 610,000 610,000 95,241 (22,339) 72,902 682,902 - 682,902 647,453 35,449 - 682,902 |
|---|---|
10
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Cash Flow Statement
for the year ended 31 March 2022
| Cash generated from operations Operating profit Reconciliation to cash generated from operations: Depreciation Amortisation of goodwill Decrease in stocks Decrease in debtors Increase in creditors Cash from other sources Interest received Dividends received and gift aid received from subsidiaries Grants received for the acquisition of fixed assets New long-term bank borrowings New finance leases and HP contracts Proceeds from sale of intangible fixed assets Proceeds from sale of tangible fixed assets Proceeds from sale of investments Application of cash Interest paid Tax paid Dividends paid and gift aid paid Purchase of intangible fixed assets Purchase of tangible fixed assets Purchase of investments Redemption of finance leases and HP contracts on sale of assets Repayment of amounts borrowed Net increase in cash Cash at bank and in hand less overdrafts at 1 April Cash at bank and in hand less overdrafts at 31 March Consisting of: Cash at bank and in hand Overdrafts Major non-cash transactions Capital value of new finance lease arrangements |
2022 £ 75,125 - - - - - 75,125 - - - - - - - - - - - - - - - - - 75,125 95,241 170,366 170,366 - 170,366 - |
2021 £ - - - - - - - - - - - - - - - - - - - - - - - - 95,241 95,241 95,241 - 95,241 - |
|---|---|---|
11
ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies Basis of preparation of the accounts
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2007 , and all other applicable accounting standards, as modified by the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005, adapted to meet the needs of unincorporated organisations . The accounts have been drawn up in accordance with the provisions of the Charities Acts , and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
Insofar as the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 requires compliance with specific Financial Reporting Standards other than the
Accounting convention
The financial statements are prepared,on a going concern basis, under the historical cost convention
Incoming Resources
Incoming resources consist donations and membership contributions are accounted for on a receivable basis
Fixed assets and depreciation
Fixed assets recorded however in the future, All tangible fixed assets, are stated at cost.
No depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives, however, it will be as follows in the future.
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ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Notes to the Accounts for the year ended 31 March 2022
- 2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
| 3 | Surplus for the financial year | 2022 |
|---|---|---|
| £ | ||
| This is stated after crediting :- | ||
| Revenue Turnover from ordinary activities | 308,326 | |
| and after charging:- | ||
| Rentals and Rates | - | |
| - |
Funds belonging to the charity have been used for the charitable activities for the benefit of the charity the sum expended on such activities was as indicated in the above schedule.
- 4 [Type your text here] Detailed analysis of certain transactions required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005)
Various items which are required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005) to be disclosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities and which should be read together with these notes.
5 Staff Costs and Emoluments
Gross Salaries
2022 £ 72,501
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ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Notes to the Accounts for the year ended 31 March 2022
| 6 7 |
Creditors: amounts falling due within one year Amounts due to associated or subsidiary undertakings Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities Net resources applied on functional fixed assets Net movement in funds available for future activities |
2022 £ 22,339 2022 £ 75,125 75,125 150,250 |
|---|---|---|
The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals.
| Net movement in funds available for future activities 150,250 The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals. |
Net movement in funds available for future activities 150,250 The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals. |
Net movement in funds available for future activities 150,250 The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals. |
Net movement in funds available for future activities 150,250 The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals. |
Net movement in funds available for future activities 150,250 The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals. |
|
|---|---|---|---|---|---|
| 8 | Particulars of Individual Funds and analysis of assets and liabilities representing funds | ||||
| Tangible Fixed Assets | funds £ 610,000 |
funds funds £ - |
£ - |
||
| Current Assets | 170,366 | - | - | ||
| Current Liabilities | (22,339) | - | - | ||
| 780,366 | 75,125 | - | |||
| £ Funds at 2021 £ |
£ £ Movements Transfers in Between Funds funds as below £ £ |
||||
| 682,902 | 4,227 | - | |||
| (682,902) (4,227) Analysis of movements in funds as shown in the table above Incoming Outgoing Gains & Resources Resources Losses £ £ |
- £ |
||||
| 308,326 | 233,201 | - | |||
| (308,326) | (233,201) | - |
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ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Schedule to the Statement of Financial Activities for the year ended 31 March 2022
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| Incoming Resources Donations Grants, legacies and donations Activities for generating funds Donations Second Floor Rent Collections Internally Generated Education fees Contributions from Community Other Donations Total of activities for generating funds Incoming resources from charitable activities Solar Panel Savana Rag fees charitable activities Total Incoming Resources Costs of generating funds Costs of generating voluntary income Fundraising publicity Cost of fundraising activities Total costs of generating voluntary income Charitable expenditure Gross wages and salaries - charitable activities Salaries,pensions & NI recharged to other organisations Premises Costs Insurance Light and heat Building Expenses General administrative expenses: Telephone and fax Stationery and printing Hire of equipment Media Costs Admin costs Advertising and PR Sundry expenses Professional fees in support of charitable activities Accountancy fees other than examiners/auditors Consultancy fees Legal fees Total Support costs |
Unrestricted Restricted Total Prior Period Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 253,205 - 253,205 191,366 16,456 - 16,456 - 4,013 - 4,013 6,157 - - - 3,750 31,109 - 31,109 - - - - 6,106 304,783 - 304,783 207,379 - - - 3,051 3,543 - 3,543 2,277 3,543 - 3,543 5,328 308,326 - 308,326 212,707 51,262 - 51,262 - 5,038 - 5,038 - 56,300 - 56,300 - 56,300 - 56,300 - 61,561 - 61,561 55,421 10,940 - 10,940 3,710 72,501 - 72,501 59,131 2,247 - 2,247 2,228 15,841 - 15,841 10,585 26,593 - 26,593 47,068 44,681 - 44,681 59,881 856 - 856 865 1,040 - 1,040 472 - - - 854 4,664 - 4,664 - 27,625 - 27,625 - - - - 42,198 7,808 - 7,808 6,225 41,993 - 41,993 50,614 800 - 800 800 16,506 - 16,506 5,032 420 - 420 1,800 17,726 - 17,726 7,632 176,901 - 176,901 177,258 |
|---|---|
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ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION Schedule to the Statement of Financial Activities for the year ended 31 March 2022
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| Total Expended on Charitable Activities | Unrestricted Restricted Total Prior Period Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 176,901 - 176,901 177,258 |
|---|---|
The basis for the allocation of costs as shown above is explained in the accounting policies and the notes to the accounts
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ALFURQAN COMMUNITY AND CULTURAL ASSOCIATION
Appendix 1
Analysis of Total Incoming & Outgoing Resources by Activity for the year ended 31 March 2022
| Incoming resources from generated funds Members contributions Donations Investment Income Incoming resources from charitable activities Other Incoming Resources Total Incoming Resources Costs of generating funds Costs of generating voluntary income Fundraising trading - costs of goods and other costs Investment management costs Costs of charitable activities Governance costs Other resources expended Total resources expended Net Incoming Resources by activity |
2022 2021 FundraisingOther Activity 2 Activity 3 Activity 4 Activity 5 Total Total Activities £ £ £ £ £ £ £ £ - - - - - - - - - - - - - - 304,783 207,379 - - - - - - - - - - - - - - 3,543 5,328 - - - - - - - - - - - - - - 308,326 212,707 - - - - - - 56,300 - - - - - - - - - - - - - - - - - - - - - - - 176,901 177,258 - - - - - - - - - - - - - - - - - - - - - - 233,201 177,258 - - - - - - 75,125 35,449 |
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