Company registered number 05765703 Charity registered number 1125188
Harlesden Ummah Limited
Report of the Trustees and Unaudited Financial Statements
30 April 2024
Harlesden Ummah Limited Report and accounts Contents
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|Legal|and|administrative|information|1|
|Trustee's|Annual|Report|2-3|
|Statement|of|Financial|Activities|5|
|Balance|sheet|6|
|Notes|forming|part|of the|financial|statements|7-10|
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Harlesden Ummah Limited Legal and administrative information
Trustees
David Adebisi Modinat Badru Mustapha Badru
Secretary Mustapha Badru
Independent examiner M&B Accounting Services M N Bussawon 11 Madeira Road London N13 5SR
Bankers Unity Bank Trust PO Box 7193 Planetary Road London WV1 9DG
Charity Offices 21 Craven Park Road London W6 7PB
Charity registered number 1125188
Company registered number 5765703
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Harlesden Ummah Limited
Trustee's Annual Report (Incorporating Directors Report and Strategic Report) for the year ended 30 April 2024
The trustees present their report and accounts for the year ended 30 April 2024.
The trustees have adopted the provision of the Statement of Recommended Practice (SORP) " Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared In accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rerporting Standards applicable in the UK and Republic of Ireland published on October 2019 (second edition).
Name, registered office and registration number of the charity
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|Charity|name|-|Harlesden Ummah|Limited|
|Registration|number|-|1125188|
|Principal|address|-|21|Craven|Park,|London,|NW10 8SE|
|Trustees|
|The|directors|of the|charitable|company|are|its trustees|for the|purposes|of charity|law.|The trustees who|have|
|served|during|the|year and|since|the|year end|are named|on|page|1.|
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Structure, governance and management The accounts have been prepared in accordance with the accounting policies set out on page 7 and comply with the Charity's trust deed and applicable law.
The Charitable Trust is constituted by Trust Deed. Appointment of trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation and death of an existing trustee.
Objectives and activities
The objectives of the charity are set out in the charity's trust deed and summarised as follows:
To advance the Islamic faith in the Harlesden area benefitting the public, particularly through prayer meetings, lectures, a public celebration of religious festivals and the distribution of Islamic literature in order to enlighten others.
To advance education and provide facilities in the interest of social welfare for leisure time and occupational physical activity with the objective of improving the standard of life for residents of Harlesden and the surrounding areas by provision, maintenance and management of the centre.
Catering for the youth and eradicating crime and drugs from Harlesden.
We seek to improve the quality of life by challenging social and economic disadvantage by working with partners in the public, private and voluntary sector. We aspire to bea flexible, innovative charity engaging with the public, having a positive impact on their lives.
We aim to provide events and entertainment in London and nationally, organising conferences and competitions. To educate the community and provide training on Functional skills, (English, Maths, and Information and Communications Technology-ICT), Computer courses, Language classes, Media studies, Esol, Sign Language and to supply free internet services.
To offer counselling services to the community, focusing especially on women facing hardship.
The charities’ principle source of funding is through donations. The trustees actively review the major risk which the Charity faces on a regular basis and believe that maintaining reserves at the current level, combined with an annual review of the controls over the key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to mitigate the significant risks.
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Harlesden Ummah Limited
Trustee's Annual Report (Incorporating Directors Report and Strategic Report) for the year ended 30 April 2024
Achievements and performance
The Charity continues to promote charitable activities in the fields of education, social welfare and recreation. The charity is satisfied with the donation and grant collected during the year. The charity managed to keep cost at a similar level to previous year thus maintaining the funds hold in its bank accounts, It has also sucessfully acquire a premises. The trustees are pleased with the results for the year and are optimitistic for the following year.
Risk Review
The trustees actively review the major risks faced by the Charity and confirm that they have established systems to mitigate the significant risks.
Future developments
The trustees intend to continue with the activities carried out with a view to generate sufficient future income to meet the objects of the charity.
Financial review and reserve policy
It is the policy of the Charity to maintain unrestricted funds at a reasonable level to provide sufficient funds to cover management and administration and support costs. The charity should have minimum reserves of six months worth of expenditure.
At the balance sheet date the readily accessible free reserves were £43,343. The trustees believe that there are sufficient funds available to permit the Charity to continue in operation in the foreseeable future.
This report was approved by the board on 21 January 2025 and signed on its behalf.
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Mustapha Badru
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Trustee
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Harlesden Ummah Limited
Independent Examiner's Report to the Trustees of Harlesden Ummah Limited
| report on the financial statements of the Trust for the year ended 30 April 2024, which are set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
~ examine the financial statements under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
Basis of independent examiner's report My examination was carried out in accordance with 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements 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 examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
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=<—a” 1
KE,
(MAF
M N Bussawon
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M&B Accountants Ltd Chartered Accountants
20-22 Wenlock Road
London N1 7GU
21 January 2025
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Harlesden Ummah Limited Statement of Financial Activities
for the year ended 30 April 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Funds | Funds | ||
| Notes | 2024 | 2023 | |
| £ | £ | ||
| INCOMING RESOURCES | |||
| Income and donation | 52,476 | 19,914 | |
| Grant | - | 18,000 | |
| 52,476 | 37,914 | ||
| RESOURCESEXPENDED | |||
| Charitable expenditure | |||
| Operational costs | 6 | 35,237 | 43,308 |
| Total resources expended | 35,237 | 43,308 | |
| Net movement in funds forthe year | 17,239 | (5,394) | |
| RECONSILIATION OF FUNDS | |||
| Total funds broughtforward | 26,104 | 31,498 | |
| Totalfundscarriedforward | 43,343 | 26,104 |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
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Harlesden Ummah Limited Balance Sheet
as at 30 April 2024
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| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 8 | 13,934 | 4,191 | ||
| Current assets | |||||
| Debtors Cash at bank and in hand |
9 | 1,950 27,459 |
1,950 19,963 |
||
| 29,409 | 21,913 | ||||
| Net current assets | 29,409 | 21,913 | |||
| Net assets | 43,343 | 26,104 | |||
| Funds: | |||||
| Unrestricted funds | 43,343 | 26,104 | |||
| Totalfunds | 43,343 | 26,104 |
The financial statements were approved and aurthorised for issue by the Board on 30 December 2023.
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibitities for comptying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of trustees.
Mustapha Badru Trustee 21 January 2025
The notes on pages 6 to 10 form part of these financial statements.
Company registration number: 05765703
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Harlesden Ummah Limited Notes to the Accounts for the year ended 30 April 2024
1.1 Basis of accounting
Harlesden Ummah Limited is a charitable company limited by guarantee incorporated in England. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are as set out in the Trustees' annual report on page 2 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Charities Act 2011, the Companies Act 2006 and the UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterting which is the functional currency of the charity and are not rounded.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2 Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. For donations to bé recognised the charity wit nave been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
1.3 Grants and donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. During the year the charity received no grant.
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Harlesden Ummah Limited Notes to the Accounts
for the year ended 30 April 2024
1.4 Liability recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured retiably.
1.5 Management and administration expenditure
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include Office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where Support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on an insert detail basis and other overheads have been allocated on an insert detail basis.
1 Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
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1.7 Fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful economic life less its residual value. Freehold land and buildings nil Fixtures, fittings & equipment 25% straight line Depreciation is not charged on Land and Buildings as the assets are continuously maintained and refurbished.
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1.8 Investment properties Investment property is stated at market cost which according to the trustees reflect the fair value at the reporting date.
No depreciation is provided in respect of properties which are classified as investment properties. Such properties are held to earn rentals or for capital appreciation and the trustees consider that to depreciate them would not give a true and fair view.
2 TheGoingfinancial concernstatements have been prepared on a going concern basis; as the trustees believe. that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the levet of reserves for the charity to be able to continue as a going concern.
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Harlesden Ummah Limited Notos to the Accounts for the year ended 30 April 2024
- 3 Judgement and key sources of estimation uncertainty
No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
4 ~=Structure of funds The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of thé objects of thé charity. Such funds may be held in order to finance both working capital and capital investment.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. On completion of any restricted project funds, any funds not used are transferred to unrestricted funds for the use on the charity's general objects.
Any other proposed transfer between funds would be considered on the particular circumstances.
| } | Income | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Charitable activites | |||
| Donation School |
52,267 210 |
18,928 985 |
|
| 52,477 | 19,913 | ||
| 6 | Operational costs | 2024 £ |
2023 £ |
| Repairs & Maintenance Youth club expenses Rent,rates,lights&heats |
126 2,900 20,839 |
9,124 2,316 20,438 |
|
| Depreciation Telephone and fax |
1,654 1,189 |
1,542 811 |
|
| Insurance Otheradministrative expenses Remuneration Events cost |
337 2,056 1,100 2,200 |
- 20 4,000 2,369 |
|
| Irmaam cost | 2,400 | 2,400 | |
| Other finance cost | 436 | 288 | |
| 35,237 | 43,308 |
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Harlesden Ummah Limited
Notes to the Accounts for the year ended 30 April 2024
7 Trustee's and key management personel remuneration and expenses
During the year, one of the trustee received remuneration of £1,100 (2023: £4,000). The trustees are the key management personnel.
There are no other staff costs.
8 Tangible fixed asstes for use by the charity
| Fixtures, | |||
|---|---|---|---|
| Land and | Fittings & | ||
| buildings | Equipment | Total | |
| £ | |||
| Cost | |||
| At 1 May 2023 | - | 27,388 | 27,388 |
| Additions Disposals |
10,948 : |
450 - |
11,398 _ |
| At30 April 2024 | 10,948 | 27,838 | 38,786 |
| Depreciation | |||
| At 1 May2023 | - | 23,197 | 23,197 |
| Charge forthe year | - | 1,655 | 1,655 |
| Disposals | - | - | - |
| At30 April 2024 | - | 24,852 | 24,852 |
| Net book value | |||
| At 30 April 2024 | 10,948 | 2,986 | 13,934 |
| At30April2023 | - | 4,191 | 4,191 |
The land and building have been aquired during the year and believe the cost shown above reflects the fair value as at the reporting date.
| 9 | Debtors | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Otherdebtorsand prepayments | —1950, | 1,950 | |
| 1,950 | 1,950 |
10 Related party transactions
There were no related party transactions other than as disclosed in note 7 during the year.