Kamyabi
Charity No. 1125243
Company No. 05890310
Trustees' Report and Unaudited Accounts
30 September 2024
Kamyabi Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 3 to 4 |
| Independent Examiner's Report | 5 to 5 |
| Statement of Financial Activities | 6 to 6 |
| Summary Income and Expenditure Account | 7 to 7 |
| Balance Sheet | 8 to 8 |
| Notes to the Accounts | 9 to 14 |
| Detailed Statement of Financial Activities | 15 |
Page 2
Kamyabi Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 05890310
Charity No. 1125243
Registered Office
Unit 5 Gala Way Nottingham NG5 9RG
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
M. Abdullah L. Alvi N.E. Penciu
Accountants
Manselters Ltd Bridgford Business Centre 29 Bridgford Road West Bridgford Nottingham NG2 6AU
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document is to provide any charitable purpose for the benefit of, but not exclusively, women from the Asian population of Nottinghamshire and in particular, the advancement of education, promotion of good health, the relief of financial hardship and sickness, the relief of unemployment and the promotion of equality and diversity in relation to said persons. To develop the capacity and skills of the socially and economically disadvantaged community of Nottinghamshire in such a way that they are able to identify and help meet their needs and to participate fully in society.
The main activities undertaken in relation to those purposes are providing a specialised and structured pathway to disadvantaged women with a holistic approach to employ their inherited skills and align them with the employment market by by supporting the creation of suitable social enterprises.
Page 3
Kamyabi Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
Kamyabi has provided information and advice to vulnerable groups of the local community specifically in employment, benefits, settlement for EU citizens and personal tax affairs. Kamyabi also created employment through the running and management of a Used Clothes buying and selling business. This business has now been sold. Kamyabi has set up a food preparation and delivery project which generates income and creates employment for the local community.
FINANCIAL REVIEW
The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements
Kamyabi aims to build up and keep approximately three months running costs in reserves. Three months running costs are approximately £1400.
The major part of the company's working capital requirements are provided by a loan from the Trustee L. Alvi. The trustee has indicated that they will not demand repayment until a time the organisation has built up the required reserves and is in a position to make repayment. A formal agreement with a payment plan will be agreed at that stage. The Trustees are confident that projects that are run in Kamyabi have always proved successful however improving the management of the project operations and finances will further strengthen the organisation's financial position. Part of that involves the Trustees' commitment to improving record keeping systems, Gift Aid management systems and improving the organisation's online presence.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 28 July 2006 and registered as a charity on 28 July 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
L. Alvi Trustee 31 July 2025
Page 4
Kamyabi Independent Examiners Report
Independent Examiner's Report to the trustees of Kamyabi
I report to the charity trustees on my examination of the financial statements of Kamyabi for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
• the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
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 financial statements to be reached.
R. Muntanga Association of Accounting Technicians Manselters Ltd Bridgford Business Centre 29 Bridgford Road West Bridgford Nottingham NG2 6AU
31 July 2025
Page 5
Kamyabi Statement of Financial Activities
for the year ended 30 September 2024
| Notes Income and endowments from: Charitable Activities 4 Total Expenditure on: Charitable activities 5 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Funds 2024 £ 29,773 |
Restricted Funds 2024 £ - |
Total funds 2024 £ 29,773 |
Total funds 2023 £ 61,689 |
|---|---|---|---|---|
| 29,773 50,165 |
- - |
29,773 50,165 |
61,689 50,903 |
|
| 50,165 | - | 50,165 | 50,903 | |
| (20,392) | - | (20,392) | 10,786 | |
| (20,392) | - | (20,392) | 10,786 | |
| (20,392) | - | (20,392) | 10,786 | |
| (20,392) | - | (20,392) | 10,786 |
Page 6
Kamyabi
Summary Income and Expenditure Account
for the year ended 30 September 2024
| Income Gross income for the year Expenditure Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2024 £ 29,773 29,773 50,165 50,165 (20,392) (20,392) |
2023 £ 61,689 |
|---|---|---|
| 61,689 | ||
| 50,903 | ||
| 50,903 | ||
| 10,786 | ||
| 10,786 |
Page 7
Kamyabi
Balance Sheet
| at 30 September 2024 Company No. 05890310 Notes Fixed Assets Tangible Assets 7 Current Assets Debtors 8 Cash at bank and in hand Creditors: Amount falling due within one year 9 Net current liabilities Total assets less current liabilities Creditors:Amounts falling due after more than one year 10 Net liabilities excluding pension asset or liability Total net liabilities The funds of the charity Restricted funds 11 Restricted income funds Unrestricted funds General funds 11 Reserves 11 Total Funds |
2024 £ 4,500 4,500 - 1,166 1,166 (14,495) (13,329) (8,829) (9,318) (18,147) (18,147) (18,147) (18,147) |
2023 £ 8,000 |
|---|---|---|
| 8,000 25,797 (47) |
||
| 25,750 (23,005) |
||
| 2,745 10,745 (8,500) |
||
| 2,245 | ||
| 2,245 | ||
| 2,245 | ||
| 2,245 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 July 2025
And signed on its behalf by:
L. Alvi
Trustee
31 July 2025
Page 8
Kamyabi Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
| Fund accounting | |
|---|---|
| Unrestricted Funds | These are available for use at the discretion of the trustees in furtherance |
| of the general objects of the charity. | |
| Designated funds | These are unrestricted funds earmarked by the trustees for particular |
| purposes. | |
| Revaluation funds | These are unrestricted funds which include a revaluation reserve |
| representing the restatement of investment assets at their market values. | |
| Restricted funds | These are available for use subject to restrictions imposed by the donor |
| or through terms of an appeal. | |
| Income | |
| Recognition of | Income is included in the Statement of Financial Activities (SoFA) when |
| income | the charity becomes entitled to, and virtually certain to receive, the |
| income and the amount of the income can be measured with sufficient | |
| Income with related | Where income has related expenditure the income and related |
| expenditure | expenditure is reported gross in the SoFA. |
| Donations and | Voluntary income received by way of grants, donations and gifts is |
| legacies | included in the SoFA when receivable and only when the Charity has |
| unconditional entitlement to the income. | |
| Tax reclaims on | Income from tax reclaims is included in the SoFA at the same time as the |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with an equivalent amount in |
| and facilities | expenditure) where the benefit to the Charity is reasonably quantifiable, |
| measurable and material. | |
| Volunteer help | The value of any volunteer help received is not included in the accounts. |
| Investment income | This is included in the accounts when receivable. |
Page 9
Kamyabi Notes to the Accounts
for the year ended 30 September 2024
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
Page 10
Kamyabi Notes to the Accounts
for the year ended 30 September 2024
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| Statement of Financial Activities - prior year | |||
|---|---|---|---|
| Income and endowments from: Charitable activities Total Expenditure on: Charitable activities Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 61,689 |
Restricted funds 2023 £ - - - - - - - - - |
Total funds 2023 £ 61,689 |
| 61,689 50,903 |
61,689 50,903 |
||
| 50,903 | 50,903 | ||
| 10,786 | 10,786 | ||
| 10,786 | 10,786 | ||
| 10,786 (8,541) |
10,786 (8,541) |
||
| 2,245 | 2,245 |
Page 11
Kamyabi Notes to the Accounts
for the year ended 30 September 2024
4 Income from charitable activities
| Unrestricted 2024 £ 29,773 29,773 Expenditure on charitable activities Unrestricted 2024 £ 49,715 Governance Costs Accountancy 450 50,165 Expenditure on charitable activities |
Unrestricted 2024 £ 29,773 |
Restricted 2024 £ - |
Total 2024 £ 29,773 29,773 Total 2024 £ 49,715 450 50,165 |
Total 2023 £ 61,689 |
|---|---|---|---|---|
| 29,773 | - | 61,689 | ||
| Restricted 2024 £ - - |
Total 2023 £ 50,453 450 |
|||
| 50,165 | - | 50,903 |
5 Expenditure on charitable activities
6 Staff costs
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
| Charitable Activities Tangible fixed assets Cost or revaluation As at 1 October 2023 Additions Disposals At 30 September 2024 |
2024 Number 5 |
£ 10,000 - 2,000 8,000 |
2023 Number 5 |
|---|---|---|---|
| 5 | 5 | ||
| £ 10,000 - 2,000 |
|||
| 8,000 |
7 Tangible fixed assets
Page 12
Kamyabi
Notes to the Accounts
for the year ended 30 September 2024
| Depreciation and impairment As at 1 October 2023 Depreciation charge for the year Depreciation charge on disposals At 30 September 2024 Net book value As at 30 September 2024 As at 30 September 2023 8 Debtors Trade debtors Prepayments and accrued income 9 Creditors: amounts falling due within one year Other taxes and social security Other creditors Accruals 10 Creditors: amounts falling due after more than one year Bank loans and overdrafts |
2024 £ - - |
2,000 1,500 3,500 4,500 8,000 |
2,000 1,500 |
|---|---|---|---|
| 3,500 | |||
| 4,500 8,000 2023 £ 1,297 24,500 |
|||
| - | 1,297 | ||
| 2024 £ 629 13,416 450 |
2023 £ (492) 23,172 325 |
||
| 14,495 | 23,005 | ||
| 2024 £ 9,318 |
2023 £ 8,500 |
Page 13
Kamyabi Notes to the Accounts
for the year ended 30 September 2024
11 Movement in funds
| At 1 October 2023 Incoming resources (including other gains/losses) £ Unrestricted funds: General funds 2,245 29,773 Total funds 2,245 29,773 Analysis of net assets between funds Fixed Assets Net current liabilities Creditors due in more than one year and provisions |
Incoming resources (including other gains/losses) £ 29,773 |
Resources expended £ 50,165 50,165 Unrestricted funds £ 4,500 (13,329) (9,318) (18,147) |
At 30 September 2024 £ (18,147) |
|---|---|---|---|
| 29,773 | (18,147) | ||
| Total £ 4,500 (13,329) (9,318) |
|||
| (18,147) |
12 Analysis of net assets between funds
13 Reconciliation of net debt
| Reconciliation of net debt | |||
|---|---|---|---|
| Cash and Cash equivalents Bank Loans Net debt |
As at 1 October 2023 £ (46) |
Cash flows £ 1,213 1,213 (818) (818) 395 |
As at 30 September 2024 £ 1,166 |
| (46) (8,500) |
1,166 (9,318) |
||
| (8,500) | (9,318) | ||
| (8,547) | (8,152) |
14 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company
Page 14
Kamyabi Detailed Statement of Financial Activities
| for the year ended 30 September 2024 Income and endowments from: Charitable activities Total income and endowments Expenditure on: Charitable activities Governance costs Accountancy Total of expenditure on charitable activities Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other gains Net movement in funds Reconciliation of funds : Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 29,773 |
Restricted funds 2023 £ - |
Total funds 2023 £ 29,773 |
Total funds 2022 £ 61,689 |
|---|---|---|---|---|
| 29,773 | - | 29,773 | 61,689 | |
| 29,773 49,715 |
- - |
29,773 49,715 |
61,689 50,453 |
|
| 49,715 | - | 49,715 | 50,453 | |
| 450 | - | 450 | 450 | |
| 450 | - | 450 | 450 | |
| 50,165 50,165 |
- - |
50,165 50,165 |
50,903 50,903 |
|
| (20,392) | - | (20,392) | 10,786 | |
| - | - | - | - | |
| (20,392) | - | (20,392) | 10,786 | |
| 2,245 | - | 2,245 | (8,541) | |
| (18,147) | - | (18,147) | 2,245 |
Page 15