ILAYS Accounts & Reports For the year ended 28 February 2023
ILAYS
Contents
For the year ended 28 February 2023
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees’ report | 2-3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-8 |
ILAYS
Legal and Administrative Information
For the year ended 28 February 2023
| Status: | The organisation is a charity and a company limited by |
|---|---|
| guarantee. | |
| Company number: | 05372377 |
| Charity number: | 1118016 |
| Registered Office & | |
| Business Address: | 38 Bensington Court, New Road, |
| Bedfont, Feltham, | |
| Middlesex, | |
| TW14 8HX | |
| Trustees: | |
| Dr. Yusuf Ali | |
| Ms. Suad Musse | |
| Mr. Hussein Hassan | |
| Mrs. Laila Samatar | |
| Bankers: | Metro Bank |
| Unit 8, Hayes Bridge, | |
| Southall, Greater London | |
| UB4 0RH | |
| Accountants: | Issa & Co (UK) Ltd |
| Chartered Certified Accountants | |
| Suite 116 Cumberland House, | |
| 80 Scrubs LN, | |
| London, | |
| NW10 6RF |
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ILAYS
Trustees’ Report
For the year ended 28 February 2023
Objective
The objectives of ILAYS are to promote such charitable purposes for the benefit of refugees and disadvantaged as the trustees in their absolute discretion see fit, in particular but not limited by generality of the foregoing, the relief of poverty, the preservation and protection of health and the advancement of employment and education by the provision of such charitable services as the trustees see fit.
Legal structure
ILAYS is a company limited by guarantee and a registered charity with the Charities Commission in England & Wales.
Financial statements
The trustees submit their trustees’ report and financial statements for the year ended 28 February 2023.
Policies:
Reserve policy:
The charity currently operates without any reserves. The trustees are endeavouring to build up its donor base with a view to having general reserves equal to 6 months operating expenditure.
Risk(s) review:
The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to increase the charity’s financial base.
Trustees Responsibilities
The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006.
The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.
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ILAYS
Trustees’ Report (continued)
For the year ended 28 February 2023
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the Memorandum and Articles of Association.
Activities and Achievements
The charity is managed by 4 elected trustee members and is staffed by paid staff and volunteers.
The core of the charitable company’s work is to reduce unemployment, offer educational and recreational activities, as well promoting healthy living amongst ethnic minorities and refugees by providing them access to information, advice, guidance and basic skills training. The charity successfully delivered Employment Support project, Mental health project, Youth support project and AIG (information, advice and guidance project) and run campaign against FGM. It served over 2500 clients in the above period.
Our plans for the forthcoming year include enhancing and building on the strong foundation already started, and increasing initiatives and activities that suits those who are in need of guidance and basic skills training to get them out of poverty. To achieve this we aim to secure funding for core activities, increase resources both in terms of infrastructure and personnel and initiate new partnership operations to meet the needs collectively.
Funding
The charity was funded by London Borough of Hounslow and North West London NHS Trust, Trust for London, TNL Community Fund, Paddington Development Trust and City of London which made possible the continuation of this service to break the barriers for refugees and the disadvantaged in Hounslow and surrounding local areas.
This report was approved by the board and signed on its behalf by:
--------------------------Trustee Dr. Yusuf Ali
Date: 14[th] December 2023
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ILAYS
Independent examiner’s report
For the year ended 28 February 2023
We have examined the accounts on pages 5 to 6 which have been prepared on the basis of receipt and payment basis.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.
Basis of independent examiner’s report
This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the charity commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.
Independent examiner’s statement
Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the year ended 28 February 2023 have not been in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.
Issa Associates Date: 14[th] December 2023 Chartered Certified Accountants Suite 116 Cumberland House, 80 Scrubs Lane, London, NW10 6RF
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ILAYS
Statement of Financial Activities
For the year ended 28 February 2023
| Income Grants and Donations London Borough of Hounslow Trust for London City of London Paddington Development Trust Laures Sport for Go London Youth Advice UK TNL Community Fund Council of Somali Organisations Other income Expenditure Wages Cost of Living support Youth activities Travel & refreshment Telephone, fax, and Internet Printing, postage and stationery Volunteer expenses Training Legal and professional Rent and hall hire Events and outings General expense Depreciation Total expenditure Surplus/(deficit) for the period Surplus/(deficit) brought forward Fund balance as at 28 February 2023 |
2022 Unrestricted Restricted Total funds Total funds £ £ £ £ - 37,670 37,670 20,550 - 22,500 22,500 7,500 - 1,820 1,820 5,460 - 5,000 5,000 5,000 - - - 1,500 - - - 1,500 - - - 1,450 - 27,540 27,540 25,040 - 400 400 - - 50 50 500 - 94,980 94,980 68,500 - 48,620 48,620 46,794 - 1,110 1,110 - - 5,965 5,965 4,025 - - - 1,360 - 2,366 2,366 2,337 - 2,241 2,241 315 - 7,368 7,368 2,985 - 4,903 4,903 10,273 - 2,216 2,216 5,308 - 394 394 590 - 2,340 2,340 395 - 604 604 631 4,195 4,195 4,013 - 82,321 82,321 79,026 - 12,659 12,659 (10,526) - 28,192 28,192 38,718 - 40,851 40,851 28,192 2023 |
|---|---|
5
ILAYS
Balance Sheet
For the year ended 28 February 20223
| Notes Fixed assets: Office equipment 3 Current Assets: Debtors Cash at bank and in hand Current liabilities payable within 1 year: Creditors and accruals 4 Net Current Assets Total Assets less current liabilities Funds: Fund balance as at 28 February 2023 |
£ £ £ £ 6,979 10,445 - - 33,872 17,747 33,872 17,747 - - 33,872 17,747 40,851 28,192 40,851 28,192 40,851 28,192 2022 2023 |
|---|---|
| 33,872 - |
|
For the financial year ended 28 February 2023, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 5 to 6 were approved by the board and signed on their behalf by:
………………………………..
Date: 14 December 2023
Suad Musse Director
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ILAYS
Notes to the Accounts
For the year ended 28 February 2023
- 1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with Statement of Recommended Practice (SORP 2015), "Accounting and Reporting by Charities" and applicable accounting standards.
2 Accounting Policies
A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.
2.1 Income and expenditure
All income and expenditure is accounted for on accrual basis.
2.2 Fund Accounting
General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds subject to specific restrictive conditions imposed by donors.
- 2.2 Tangible Fixed assets and Depreciation
Tangible fixed assets are stated at cost.
Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.
2.3 Status
The charity is a company limited by guarantee. The members are the trustees named on page 1. The liability in respect of the guarantee, as set out in the Memorandum, is limited to £1 per member of the company.
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ILAYS
Notes to the Accounts
For the year ended 28 February 2023
| 3 Tangible Fixed Assets Costs At 1 March 2022 Additions during the period At 28 February 2023 Depreciation At 1 March 2022 Charge for the period At 28 February 2023 Net Book value At 28 February 2023 At 28 February 2022 4 Debtors and prepayments 5 Creditors and accruals |
Office equipment Total £ £ 21,824 21,824 730 730 22,554 22,554 11,380 11,380 4,195 4,195 15,575 15,575 6,979 6,979 10,445 10,445 2023 2022 £ £ - - - - 2023 2022 £ £ - - - - |
|---|---|
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