ISLINGTON REFUGEE AND MIGRANT FORUM LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Company Number: 05603929 Charity Number: 1116479 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL
ISLINGTON REFUGEE AND MIGRANT FORUM LTD YEAR ENDED 31ST MARCH 2024 CONTENTS Administrative Information Report of the Board of Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts 10-11 Detailed Income and Expenditure 12
ISLINGTON REFUGEE AND MIGRANT FORUM LTD ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2024 REGISTRATION DETAILS ISLINGTON REFUGEE AND MIGRANT FORUM LTD is a registered incorporated company in England and Wales with Company Number 05603929 and Charity Number 1116479. BOARD OF TRUSTEES: Gulala Bakir...............................Chairperson Raphael Andrews....................Secretsry Yussuf Ahmed......................Treasurer Kayode Olaoye..........................Trustee WezenetHaile............ ..Trustee Dulchat Abbas................ ..Trustee Salna Abdallah. ..Trustee PRINCIPAL ADDRESS: ISLINGTON REFUGEE AND MIGRANT FORUM LTD 200a Pentoville Road London N19JP INDEPENDENT EXAMINER LONDON ACCOUNTANCY PRACTICE Sojoumer Truth Centre 161 Sumner Road London SE15 6JL BANKERS Barclays Bank Plc, Islington
ISLINGTON REFUGEE AND MIGRANT FORUM LTD REPORT OF THE MANAGEMENT COMMIThEE FOR THE YEAR ENDED 31ST MARCH 2024 The Management Committee present their Report and the Financial Ststements for the year ended 31st March 2024. PRINCIPAL ACTIVITIES To strengthen members, organisational (Refugee cornmunity Organisations) developrnent and sustainability to enable them serve refugee communities in Islington. To influence policies and agenda that affect the refugee communities. STATEMENT OF MANAGEMENT COMMIThEE RESPONSIBILITIES The management committee are required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee are required to: select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable standards and statement of recommended practi in the financial statements. and prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the project will continue in operation. The management committee are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of frauds and other irregularities. Sign...... ..Secretary Raphael Andrews
ISLINGTON REFUGEE AND MIGRANT FORUM LTD MANAGEMENT REPORT YEAR ENDED 31ST MARCH 2024 ACTIVITIES, DEVELOPMENTS AND ACHIEVEMENTS DURING THE YEAR The IRMF reflects ethnically diverse communities of LB Islington and operates as both 8 2nd tierlnetwork body and direct provider of servIs- as a user-led charity. Our engagements and campaigning work for the year 2023124 continued to influence and inform our member organisations to be resilient, Gonfident and sustainable. Local RCMOS and local communities have been affected for long as the result of austerity due to the economic slowdown followed by Brexit and covid-19 pandemic, and the cost-of- living. All these challenges have impacted the BAMER - refugee communities, in widening the service gaps, inequalities, marginalisation and discrimination. We delivered our core commitments which enabling local refugee and migrant organisations (RMCOS) to be represented, their voices are heard, supported with basic essential capacity building needs, better informed and endeavours to connect Ihem with mainstreaml statutory bodies. Our core services include.. Infomiation-sharing: as well as resources with the 53 forum member organisations, and leam from other organisations, success stories and challenges. Representation & advocacy: through unified voices of refugees & migrants, organisations to influence policies that affect local residents in their daily lives. We have been contribuling to various consultations, research on local issues, and deliver front-line work. Capacity building: training and workshops lailored to local refugees and migrants helping them to become high-performing organisations and provide sustainable services. Support typically includes assistance with fundraising, monitoring and evaluation, legal Complian - such as gov8mance. Networking & collaboration: work between local organisations, peer fowms, stakeholders, mainstream organisations, and the public sector. We bring together all these especially forum member organisations on key issues to help them lo work collaboratively, raise awareness and improve dialogue. AGM: The IRMF held ils AGM successfully in May 2023 at Islington Town Hall - Committee Room 1, and was attended by representatives who are managers and directors of local RCMOS. and have extensive knowledge and experiences. Refugee Week: In June 2023, we celebrated Refugee Week. one of Ihe IRMF sucSsful events where IDcal communities. councillors, Mayor and leader of the council also took part. In July 2023, we also organised community festival at Assembly Hall, in partnership including with Islington Faith Forum, Voluntary Action Islington. etc. Between April and September 2023. the IRMF carried out major reviews to all our policies, Business Plan and Fundraising Strategy. and our website has been also upgraded. We also organised need analysis surveys to local groups twice which was in September 2023. and March 2024. The dedication and contributions made by the trustees, coordinator, and volunteers have been significantly important to the development of Ihe organisation. Above all, we would like also to thank our funders in particular the LB of Islington as a funder and parlner, City Bridge Foundation, without their support, our services would have not been possible.
ISLINGTON REFUGEE AND MIGRANT FORUM LTD BOARD OF TRUSTEES, REPORT YEAR ENDED 31ST MARCH 2024 FINANCIAL REVIEW The results of the yearfs operation are set out in the attached financial statements. The net movement in funds for the year amounted to -£4,095 and £3,618 (2023). The retained reserves at 31st March 2024 amounted to £68,632 and £72,727 (2023) respectively. RESERVE POLICY The company is required to determine and explain its policy for free reserves. The trustees have reviewed its free reserve policy and have turned its entire unrestricted fund into an emergency reserve to enable Islington Refugee Forum to meet its obligations in the event of a shortfall in income or sudden uptum in expenditure. RISK MANAGEMENT The trustees have examined the major risk which Islington Refugee Forum faces and believe that maintaining our free reserves at a reasonable level, combined with our annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which we face and confirn that they have established systems to mitigate the significant risks. TANGIBLE FIXED ASSETS The organisation has no fixed assets FUNDS AVAILABLE The present level of funding is deemed adequate to support the continuation of the company operations for the medium term, and the trustees consider the financial position of the company to be satisfactory. VOLUNTEERS Islington Refugee Forum recognises the significant contributions made by volunteers.
ISLINGTON REFUGEE AND MIGRANT FORUM LTD INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMirrEE FOR THE YEAR ENDED 31ST MARCH 2024 I r8POrt on the accounts of the company for the year ended 31 st March 2024, which are set out on pages 8 to 9. Respective responsibilities of 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 charity 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. Basls of Independent examinerfs 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 charity 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 eviden 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 examinalion, 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. Ade Adebambo. M , ACMA, CGMA, ACG, London Accountancy Practice 161 Sumner Road London SE15 6JL
ISLINGTON REFUGEE AND MIGRANT FORUM LTD STATEMENTOF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 ST MARCH 2024 INCOMING RESOURCES Unrestricted Restricted Fund Fund 2024 Totsl 2023 Total Donations, Legacies & Grants Other Income Totsl Incoming Resources 260 32,500 32,760 48,595 260 32,500 32,760 48,595 OUTGOING RESOURCES Charitable Expenditure 73 36,782 36,855 52,213 Total Outgoing Resources 73 36,782 36,855 52,213 Net Incoming Resources 187 4,282 J,095 -3,618 Balance brought foNiard 1,445 71.282 72,727 76,345 Balance Carried Forward 1,632 67,000 68,632 72,727
ISLINGTON REFUGEE AND MIGRANT FORUM LTD BALANCE SHEET AS AT 31 ST MARCH 2024 2024 2023 CURRENT ASSETS Cash at Bank Cash in Hand 69,101 106 69,207 73,212 65 73,277 CURRENT LIABILITIES Creditors & Accruals 575 550 NETCURRENT ASSETS 68,632 72,727 FUNDS OF THE CHARITY Unrestricted Funds Restnded Funds 1.632 67,000 68,632 1,445 71,282 72,727 The directors who are also trustees consider that for the period ended 31 st March 2024, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small Gompanies. Directors" 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, the director 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 small companies" regime. The financial statements on pages 8 to g were approved by the board of directors on . 2 L? ./..2.3.. /.2.y...2024 and signed on its behalf by Sign....... ..Chairperson Gulala Bakir ..Treasurer Yussuf Ahmed
ISLINGTON REFUGEE AND MIGRANT FORUM LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 1. ACCOUNTING POLICIES 1.1 Basis of preparation of Financial Statements The financial statements are prepared under the historic cost convention and include the results of the Charits operations which are described in the Management Committee's Report and all of which are continuing. The accounts have been prepared in accordance with the Statements of Recommended Practice Accounting by Charities. The charity has tsken advantsge of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity 1.2 Incoming Resources 1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. 1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities. 1.2.3 Donations Donations are accounted for on a cash basis unless deferred. 1 .2.4 Other incoming resources other incoming resources are accounted for on an accrual basis. 1.2.5 Deferred Income Where a grant or donation is received in advan for expenditure in a future accounting period recognition of that income is deferred and released in the period in which the expenditure is incurred. 1 .3 Restricted Funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs. 10
1.4 Unrestricted Funds Unrestricted funds are donations and other income received or generated for the objects of the organisation without further specified purpose and are available for general funds. 1.5 Designated Funds Designated funds are unrestricted funds earmarked by the Management Comrnittee for particular purposes. 1.6 Resources Expended Direct charitable expenditure includes all expenditure incurred by ISLINGTON REFUGEE AND MIGRANT FORUM LTD in direct pursuit of its charitable objectives. Management and administration expenditure includes all costs not directly related to the charitable activities and which cannot be allocated to direct charitable expenditure. 1.7 Tangible fixed Assets Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives. Depreciation is charged at 25 % straight line on the cost of the asset. 2.0 TAXATION There is no liability to Corporation Tax because of its charitable status. 3.0 CREDITORS AND ACCRUALS 2024 2023 Accountancy Fees 575 550
ISLINGTON REFUGEE AND MIGRANT FORUM LTD INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2024 INCOMING RESOURCES Unrestricted Restrictsd 2024 2023 Totsl 32,500 32,500 15,800 75 260 220 32,760 48,595 Islington Borough NCL- Covid-19 project Voluntary Adi on Islington CAF Donation Totsl Incoming Resources 32,500 260 260 32,600 OUTGOING RESOURCES Charitable Activities Salaries HMRC Rent & Equipment Payroll Setvices Venue Hire ISC- Hyperlocal ECUK-Hyperlocal EYC-Hyperlocal Food and Refreshments Minority Matters-Hyperlocal Refugee UK Music- Refugee Week Printingl Publicj Publicity Web HostingllT Host Media Consultancy Fee StationerylPostage Gift Voucher Membership rr Volunteer Expenses Accountancy Fee Subscriptions Management Committee Expenses Insurance Sundry Expenses Total Resources Expended 21,422 3,753 5,110 303 21,422 21,165 3,753 4,724 5,110 3.037 303 56 125 2.750 2.750 2,750 946 4.000 50 500 704 1,057 5,750 35 50 53 490 550 13 172 335 152 52,213 12 12 1,312 1,312 460 259 1 ,750 460 259 1,750 47 47 1,190 575 1,190 575 13 13 335 314 36,782 335 315 36,865 73 12
ISLINGTON REFUGEE AND MIGRANT FORUM LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Company Number: 05603929 Charity Number: 1116479