2023-12-31-accounts

CHARITY REGISTRATION NUMBER: 1115442

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Financial Statements

31 December 2023

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Financial Statements

Year ended 31 December 2023

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	2
Statement of financial activities	3
Statement of financial position	4
Statement of cash flows	5
Notes to the financial statements	6

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Trustees' Annual Report

Year ended 31 December 2023

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

Reference and administrative details

Registered charity name UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM Charity registration number 1115442 Principal office 75 Derby Road London E7 8NH The trustees Ms BUKENYA Ms KAYIRA MR KIMBUGWE Mr KASAATO Mr SULAIMAN NSUBUGA Independent examiner Fred Michael & Co 216 High Road Chadwell Heath Romford Essex UK RM6 6LS

The trustees' annual report was approved on 18 January 2024 and signed on behalf of the board of trustees by:

MR KIMBUGWE Trustee

Charity Secretary

- 1 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Independent Examiner's Report to the Trustees

Year ended 31 December 2023

I report to the trustees on my examination of the financial statements of UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM ('the charity') for the year ended 31 December 2023.

Respective responsibilities of trustees and examiner

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Independent Examiner

216 High Road Chadwell Heath Romford Essex UK RM6 6LS

- 2 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Statement of Financial Activities

Year ended 31 December 2023

			2023		2022
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	61,826	–	61,826	62,791
		────────	────	────────	────────
Total income		61,826	–	61,826	62,791
		════════	════	════════	════════
Expenditure
Expenditure on charitable activities	5,6	1,612	–	1,612	19,483
		────────	────	────────	────────
Total expenditure		1,612	–	1,612	19,483
		════════	════	════════	════════
		────────	────	────────	────────
Net income and net movement in	funds	60,214	–	60,214	43,308
		════════	════	════════	════════
Reconciliation of funds
Total funds brought forward		206,318	232,566	438,884	395,576
		─────────	─────────	─────────	─────────
Total funds carried forward		266,532	232,566	499,098	438,884
		═════════	═════════	═════════	═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 11 form part of these financial statements.

- 3 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Statement of Financial Position

31 December 2023

		2023		2022
	Note	£	£	£
Current assets
Debtors	9	14,777		14,777
Cash at bank and in hand		484,321		424,107
		─────────		─────────
		499,098		438,884
		─────────		─────────
Net current assets			499,098	438,884
			─────────	─────────
Total assets less current liabilities			499,098	438,884
			═════════	═════════
Funds of the charity
Restricted funds			232,566	267,834
Unrestricted funds			266,532	171,050
			─────────	─────────
Total charity funds	10		499,098 ═════════	438,884 ═════════

These financial statements were approved by the board of trustees and authorised for issue on 18 January 2024, and are signed on behalf of the board by:

Mr SULAIMAN NSUBUGA Trustee

The notes on pages 6 to 11 form part of these financial statements.

- 4 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Statement of Cash Flows

Year ended 31 December 2023

	2023	2022
	£	£
Cash flows from operating activities
Net income	60,214	43,308
Changes in:
Trade and other debtors	–	(14,777)
	────────	────────
Cash generated from operations	60,214	28,531
	────────	────────
Net cash from operating activities	60,214	28,531
	════════	════════
Net increase in cash and cash equivalents	60,214	28,531
Cash and cash equivalents at beginning of year	424,107	–
	─────────	────────
Cash and cash equivalents at end of year	484,321	28,531
	═════════	════════

The notes on pages 6 to 11 form part of these financial statements.

- 5 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Notes to the Financial Statements

Year ended 31 December 2023

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 75 Derby Road, London, E7 8NH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Consolidation

The charity is not required to prepare consolidated accounts in accordance with the Charities Act 2011.

Judgements and key sources of estimation uncertainty

The trustees have used the general agreable assumptions in determining the balance based on the accounting standards of good practice. These are generally acceptable standards and practices.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

- 6 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

- 7 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Financial instruments (continued)

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Metro Bank	50	–	50
South Twale	44,997	–	44,997
Youth and Dinner	532	–	532
Dinner	–	–	–
Coventry	–	–	–
Bereavement	13,090	–	13,090
New Metro	2,380	–	2,380
North	777	–	777
	────────	────	────────
	61,826	–	61,826
	════════	════	════════

- 8 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Notes to the Financial Statements (continued)

Year ended 31 December 2023

4. Donations and legacies (continued)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Metro Bank	930	–	930
South Twale	–	38,098	38,098
Youth and Dinner	1,167	–	1,167
Dinner	10,425	–	10,425
Coventry	2,491	–	2,491
Bereavement	9,680	–	9,680
New Metro	–	–	–
North	–	–	–
	────────	────────	────────
	24,693	38,098	62,791
	════════	════════	════════

5. Expenditure on charitable activities by fund type

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Legal	882	–	882
Sports Day	–	–	–
AGM	250	–	250
Bereavement	–	–	–
Support costs	480	–	480
	───────	────	───────
	1,612	–	1,612
	═══════	════	═══════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Legal	14,187	–	14,187
Sports Day	465	–	465
AGM	–	2,830	2,830
Bereavement	2,001	–	2,001
Support costs	–	–	–
	────────	───────	────────
	16,653	2,830	19,483
	════════	═══════	════════

6. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly Support costs		2023	2022
	£	£	£	£
Legal	882	–	882	14,187
Miscellaneous	–	160	160	–
Sports Day	–	320	320	465
AGM	250	–	250	2,830
Bereavement	–	–	–	2,001
	───────	────	───────	────────
	1,132	480	1,612	19,483
	═══════	════	═══════	════════

- 9 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Notes to the Financial Statements (continued)

Year ended 31 December 2023

7. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2023 2022 £ £

The average head count of employees during the year was Nil (2022: Nil).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

8. Trustee remuneration and expenses

No trustee was paid. They were all volunteers.

9. Debtors

			2023	2022
			£	£
Other debtors			14,777	14,777
			════════	════════
Analysis of charitable funds
Unrestricted funds
	At			At
	1 January 202		31	December
	3	Income	Expenditure	2023
	£	£	£	£
General funds	206,318	61,826	(1,612)	266,532
	═════════	════════	═══════	═════════
	At			At
	1 January 202		31	December
	2	Income	Expenditure	2022
	£	£	£	£
General funds	163,010	24,693	(16,653)	171,050
	═════════	════════	════════	═════════
Restricted funds
	At			At
	1 January 202		31	December
	3	Income	Expenditure	2023
	£	£	£	£
Restricted Fund 1 - desc in a/cs	232,566	–	–	232,566
	═════════	════	════	═════════
	At			At
	1 January 202		31	December
	2	Income	Expenditure	2022
	£	£	£	£
Restricted Fund 1 - desc in a/cs	232,566	38,098	(2,830)	267,834
	═════════	════════	═══════	═════════

10. Analysis of charitable funds

- 10 -

UGANDA MUSLIM COMMUNITY IN UNITED KINGDOM

Notes to the Financial Statements (continued)

Year ended 31 December 2023

11. Analysis of changes in net debt

					At
	At	1	Jan 2023	Cash flows	31 Dec 2023
			£	£	£
Cash at bank and in hand			424,107	60,214	484,321
			═════════	════════	═════════

- 11 -