COMPANY REGISTRATION NUMBER: 06487152 CHARITY REGISTRATION NUMBER: 1126489
International Centre For Integration And Cohesion Company Limited by Guarantee Unaudited Financial Statements
31 January 2024
SAMARA & CO
Chartered accountant 511 Kenton Lane Harrow Middlesex HA3 JW
International Centre For Integration And Cohesion
Company Limited by Guarantee
Financial Statements
Year ended 31 January 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Statement of cash flows | 8 |
| Notes to the financial statements | 9 |
International Centre For Integration And Cohesion
Company Limited by Guarantee
Financial Statements
Year ended 31 January 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2024.
Reference and administrative details
Registered charity name International Centre For Integration And Cohesion Charity registration number 1126489 Company registration number 06487152 Principal office and registered 560 North Circular Road office London NW2 7QA The trustees
Mr A Taki Mrs S Al-Jenabi Mr A Abdullah Independent examiner Samara & Co 511 Kenton Lane Harrow Middlesex HA3 JW
Structure, governance and management
Governing document
The organisation is a charitable company limited by guarantee, and it is registered with the Charity Commission. The Company was established under a Memorandum of Association that established the objectives of the charitable company and is governed under its Articles of Association.
Objectives and activities
Charitable activities are:
-
Supporting needy families and orphans.
-
Integrity UK is a project that works with diaspora communities to amplify and provide
-
robust research to promote integration and cohesion.
-
Delivering training for ESOL and IT for employability
-
Project cultural activities and social gatherings.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
1
International Centre For Integration And Cohesion
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2024
Achievements and performance
The International Centre for Integration and Cohesion (ICIC) aims to improve social cohesion and integration by bringing communities together in promotion of tolerance, unity, and shared values. Over the past year, the ICIC has continued to build strong partnerships with communities and responded to manifold challenges encountered during the pandemic to enhance its overall impact on the ground.
Changing Lives
One of the main objectives for ICIC is the integration of diaspora communities into wider British society; to help them gain employment; and build their careers based on their existing and potential skills. In turn, giving them the knowledge and independence to navigate the UK job market themselves. This year ICIC not only focused on supporting people from diverse diaspora communities with their careers, but also focused on personal development and leadership programmes to diversify the capacity building portfolio offered in line with ongoing beneficiary needs assessments.
Faith Literacy and Cohesion
One of the newly introduced programmes at ICIC is the introduction of Faith Literacy and Cohesion work. We have done this by supporting local communities with creating artistic displays in exhibitions educating the wider community about their religious and cultural heritage and practices. Furthermore, working with students and young people is another opportunity for implementation of this vital work. We work with university students from diverse backgrounds by bringing them together to share their experiences and educate their peers about their Faith and Culture which increases community cohesion and reduces tensions.
Encouraging Resilience
Community Engagement and Development
ICIC has been successfully contracted to provide community development services. We have been working with minority faith groups to facilitate tools and training to improve activities for diaspora and minority communities and build their resilience to contemporary challenges. ICIC supported institutions by engaging with women and young people, sharing best practice, and using social media in effective ways. ICIC also developed appropriate and targeted services that provide support to faith institutions where it is needed most. Furthermore, ICIC conducted leadership programmes with the aim of supporting young people in becoming successful and confident leaders in their community but also to help them advance their civic engagement and employment prospects. The courses are designed to develop key skills and knowledge through discussions, simulations, and planning, enabling them to succeed during their time as youth representatives. This project improved the conditions of a diverse range of migrant community organisations that would be categorised as disadvantaged communities, especially those from the Iraqi diaspora community in London and the UK.
Building Bridges
Beyond Dialogue
The project received renewed funding and ran for a third cycle. It sought to empower a new specialist cohort of Muslim community leaders and mentors from diverse ethnic backgrounds to lead targeted interventions with over 200 young Muslims across London. Throughout the lifecycle of the project, community leaders carried out interventions with young people aged between 13-28 across London, slightly surpassing our target number. Survey data gathered from the young people highlighted tangible increases in knowledge, attitude, and behaviour, pointing to the positive nature of the mentors’ interventions. In particular, the evaluation for the resilient coping scale showcased an increase, with one response within this thematic cluster about dealing with difficult situations noticeably high. The project also solidified the network of mentors and strengthened their capacities through training, one-to-one support, and financial resourcing.
2
International Centre For Integration And Cohesion
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2024
Big Iftar
ICIC acts in a supportive role for the Big Iftar. It is an initiative that has run for over 10 years, where mosques and local community centres in the UK open their doors and welcome people from all backgrounds, creating an environment that enables diverse communities to get to know one another and to celebrate their respective faiths together. As more communities have taken more responsibility for their iftars, ICIC has taken a more supportive role. ICIC has supported the organisation of over 100 iftars as part of this programme and directly organised 2 local iftars. This project improved the conditions of a diverse range of migrant community organisations that would be categorised as disadvantaged communities, especially those from the Iraqi diaspora community in London and the UK. Utilising the Iraqi diaspora, migrant and refugee communities in London and the UK as a pool of talent we employ members of the community to further these project aims and improve their conditions of life and reduce unemployment.
Summer Camp
For over 10 years, ICIC has Muslim families (primarily Iraqi) to build life skills and foster resilient communities. The camp consists of team building physical activities in addition to personal development workshops for parents, young people and children. This year a large number of students attended the camp, therefore the programme adjusted to focus on leadership skills and future planning. The camp also ensured gender mainstreaming by conducting workshops for women to discuss and facilitate civic and employment opportunities. This project improves the conditions of the Iraqi diaspora and migrant community in the UK by providing life skills and training which will improve employment and life outcomes. Utilising the Iraqi diaspora, migrant and refugee communities in London and the UK as a pool of talent we employ members of the community to further these project aims and improve their conditions of life and reduce unemployment. organised a summer camp that brings together over 500
Youth project
ICIC provides regular youth services and programmes across London. This caters to young people below 18 years of age as well as young adults between 18-25 years old. These services range from educational programs such as coding and programming to sports activities such as archery and football tournaments. Such work takes place on a regular basis and primarily takes place after school, during the weekend and during school holidays. These activities are primarily targeted towards the Iraqi diaspora in London but is also open to all in the area who would like to benefit from the running services. We have over 500 children and young people benefiting from the programme which includes our Half-Term Holiday Clubs, Easter Break Holiday Club, Winter Holiday Clubs, and Summer Holiday Clubs for 5–12-year-olds totalling approximately 50 days of provision per year. Furthermore, during school terms we hold 30 evening social clubs targeting young people aged 13-18. Further for young people aged 18-28 personal development programmes, life skills training and media workshops which includes podcasting and social media content creation training. Diverse sports activities such as trampolining and archery are some of the physical activities that we introduce to our young cohorts.
Financial review
ICIC has achieved satisfactory outcome for the year, with some resources to continue the projects we run annually. ICIC aims to achieve a surplus of 5% each year in order to be able to continue to provide a service to our beneficiaries.
Reserves Policy
Following consultation with the board of Trustees it has been decided that the Charity's policy on reserves is to maintain adequate unrestricted/restricted funds to cover up to 6 months of operating costs (which includes admin HR and payroll) in the instance of incoming funds fall short. The amount that is considered adequate to cover the unrestricted/restricted expenditure for the reserve target is
3
International Centre For Integration And Cohesion
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2024
£25,000 (previously £89,500). The Charity considers the levels of reserves to be sufficient. The trustees' annual report and the strategic report were approved on 30 October 2024 and signed on behalf of the board of trustees by:
Mr A Taki Trustee
4
International Centre For Integration And Cohesion
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of International Centre For Integration And Cohesion (continued)
Year ended 31 January 2024
I report to the trustees on my examination of the financial statements of International Centre For Integration And Cohesion ('the charity') for the year ended 31 January 2024.
Responsibilities and basis of report
As the trustees of the company (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 accounts of the company 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 the charity’s accounts 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants in England and Wales (ACCA), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by 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 of section 396 of the 2006 Act 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; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 accounts to be reached.
Independent Examiner 511 Kenton Lane Harrow Middlesex HA3 JW
17 October 2024
5
International Centre For Integration And Cohesion
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 January 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 332,071 | 61,715 | 393,786 | 182,516 |
| Investment income | 6 | – | – | – | 3 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 332,071 | 61,715 | 393,786 | 182,519 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 184,145 | 76,865 | 261,009 | 166,975 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 184,145 | 76,865 | 261,009 | 166,675 | |
| ================================ | ============================ | ================================ | ================================ | ||
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Net (expenditure)/income and net | |||||
| movement in funds | 147,926 | (15,150) | 132,777 | 15,544 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 239,362 | 3,700 | 243,062 | 227,518 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 387,288 | (11,450) | 375,838 | 243,062 | |
| ================================ | ============================ | ================================ | ================================ |
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 9 to 17 form part of these financial statements.
6
International Centre For Integration And Cohesion
Company Limited by Guarantee
Statement of Financial Position (continued)
31 January 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 793 | 1,657 |
| Current assets | |||
| Debtors | 16 | 50,687 | 115,160 |
| Cash at bank and in hand | 395,968 | 192,023 | |
| -------------------------------- | -------------------------------- | ||
| 446,655 | 307,183 | ||
| Creditors: amounts falling due within one year | 17 | 71,609 | 65,778 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 375,046 | 241,405 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 375,839 | 243,062 | |
| Creditors: amounts falling due after more than one year | 18 | – | -- |
| -------------------------------- | -------------------------------- | ||
| Net assets | 375,839 | 243,062 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Restricted funds | (11,450) | 3,700 | |
| Unrestricted funds | 387,288 | 239,362 | |
| Total charity funds | 20 | 375,838 | 243,062 |
| ================================ | ================================ |
For the year ending 31 January 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 17 October 2024, and are signed on behalf of the board by:
Mr A Taki Trustee
The notes on pages 9 to 17 form part of these financial statements.
7
International Centre For Integration And Cohesion
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 January 2024
| Cash flows from operating activities Net income Adjustments for: Depreciation of tangible fixed assets Government grant income Other interest receivable and similar income Interest payable and similar charges Accrued expenses/(income) Changes in: Trade and other debtors Trade and other creditors Cash generated from operations Interest paid Interest received Net cash from/(used in) operating activities Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities Cash flows from financing activities Government grant income Net cash (used in)/from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ 132,777 864 – – 120 – 64,473 5,831 ---------------------------- 204,065 (120) – ---------------------------- 203,945 ============================ – ---------------------------- – ============================ – ---------------------------- – ============================ 203,945 192,023 -------------------------------- 395,968 |
2023 £ 15,544 864 – (3) 184 (19,440) 111,339 (62,166) ---------------------------- 46,322 (184) 3 ---------------------------- 46,141 ============================ – ---------------------------- – ============================ – ---------------------------- – ============================ 46,141 145,882 -------------------------------- 192,023 |
|---|---|---|
The notes on pages 9 to 17 form part of these financial statements.
8
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 560 North Circular Road, London, NW2 7QA.
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 Companies Act 2006.
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.
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.
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
9
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
3. Accounting policies (continued)
- 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, noncharitable 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
10
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% straight line Equipment - 25% straight line
4. Limited by guarantee
The liability of Trustees is limited. Every Trustee promises, if the Charity is dissolved while he/she remains a Member or within one year after he/she ceases to be a member, to pay up to £1 towards: ·payment of those debts and liabilities of the Charity incurred before he/she ceased to be a member; · payment of the costs, charges and expenses of winding up; and · the adjustment of the rights of contributors among themselves
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 70,184 | – | 70,184 |
| Summer Camp | 110,694 | – | 110,694 |
| Surge | – | – | – |
| Community Engagement and | |||
| Development | 74,800 | – | 74,800 |
| City of London | – | – | – |
| Beyond Dialogue | – | 61,715 | 61,715 |
| Youth Project | 55,511 | – | 55,511 |
| Jubilee Funding | – | – | – |
| Integrity UK | 6,143 | – | 6,143 |
| Big Iftar | – | – | – |
| Sport England | – | – | – |
| CREID | – | – | – |
| Faith Literacy and Cohesion | 14,739 | – | 14,739 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 332,071 | 61,715 | 393,786 | |
| ================================ | ================================ | ================================ |
11
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
Included in the donation is £65,000 received funds for Investment purposes that will assist the charity in future activities through the returns
Due to changes in the circumstances of the Surge project delivery, the funder and ICIC mutually agreed to suspend the further activities related to the voided Surge project invoices and reallocate resources to other areas.
This was due to the challenging and changing landscape at the time in terms of delivery due to COVID-19. This then meant that our forecasted committed income and forecasted committed expenditure had changed.
As a result there is a negative balance to Surge income below.
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations1 | 16,845 | – | 16,845 | ||
| Summer Camp | 78,610 | – | 78,610 | ||
| Surge | (84,280) | – |
(84,280) | ||
| Tower Hamlet | – | – | – | ||
| Community Engagement and | |||||
| Development | 45,400 | – | 45,400 | ||
| Beyond Dialogue | – | 67,441 | 67,441 | ||
| Youth Project | 22,498 | – | 22,498 | ||
| Jubilee Funding | 10,000 | – | 10,000 | ||
| Integrity UK | 217 | – | 217 | ||
| Big Iftar | 785 | – | 785 | ||
| Sport England | 10,000 | – | 10,000 | ||
| CREID | 15,000 | – | 15,000 | ||
| Faith Literacy and Cohesion | – | – | – | ||
| -------------------------------- | -------------------------------- | -------------------------------- | |||
| 115,075 | 67,441 | 182,516 | |||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 3 | 3 | |
| ============== | ============== | ============== | ============== | ||
| 7. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Charitable activity | 175,028 | 76,865 | 251,893 | ||
| Support costs | 9,116 | – | 9,116 | ||
| ---------------------------- | -------------------------------- | -------------------------------- |
12
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
| 184,144 | 76,865 | 261,009 | ||||
|---|---|---|---|---|---|---|
| ============================ | ================================ | ================================ | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| £ | £ | £ | ||||
| Charitable activity | 77,408 | 75,154 | 152,562 | |||
| Support costs | 14,357 | 56 | 14,413 | |||
| ---------------------------- | -------------------------------- | -------------------------------- | ||||
| 91,765 | 75,210 | 166,975 | ||||
| ============================ | ================================ | ================================ | ||||
| 8. | Expenditure on charitable activities by activity | type | ||||
| Activities | ||||||
| undertaken | Support | Total funds | Total fund | |||
| directly | costs | 2024 | 2023 | |||
| £ | £ | £ | £ | |||
| Charitable Activity | 251,893 | – | 251,893 | 152,562 | ||
| Governance costs | – | 9,116 | 9,116 | 14,413 | ||
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |||
| 251,893 | 9,116 | 261,009 | 166,975 | |||
| ================================ | ============================ | ================================ | ================================ | |||
| 9. | Expenditure on charitable activities by fund type – analysis | |||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2024 | ||||
| £ | £ | £ | ||||
| Staff Costs | 6,451 | 17,364 | 23,815 | |||
| Other Charitable expenses | – | 4,625 | 4,625 | |||
| Summer Camp | 120,813 | – | 120,813 | |||
| SFI Capacity Building | – | – | – | |||
| Youth Project | 28,116 | – | 28,116 | |||
| City of London | – | – | – | |||
| Integrity Project | – | – | – | |||
| CE Project | – | – | – | |||
| Surge Project | 2,500 | – | 2,500 | |||
| Big Iftar | – | – | – | |||
| Jubilee Fund | 279 | – | 279 | |||
| Synergy Hub – DIFD | 9,899 | 9,899 | ||||
| Capacity Building | – | – | – | |||
| Faith Literacy and Cohesion Expense | 11,241 | – | 11,241 | |||
| Tower Hamlet | – | – | – | |||
| CREID | – | – | – | |||
| Beyond Dialogue | – | 50,605 | 50,605 | |||
| -------------------------------- | -------------------------------- | -------------------------------- | ||||
| Total | 169,400 | 82,493 | 251,893 | |||
| ================================ | ================================ | ================================ |
Due to changes in the circumstances of the Surge project delivery, the funder and ICIC mutually agreed to suspend the further activities related to the voided Surge project invoices and reallocate resources to other areas.
This was due to the challenging and changing landscape at the time in terms of delivery due to
13
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
COVID-19. This then meant that our forecasted committed income and forecasted committed expenditure had changed.
As a result there is a negative balance to Surge income below.
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Staff Costs | 28,778 | 36,519 | 65,297 | |
| Other Charitable expenses | 438 | – | 438 | |
| Summer Camp | 59,987 | – | 59,987 | |
| SFI Capacity Building | 948 | – | 948 | |
| Youth Project | 15,699 | – | 15,699 | |
| City of London | – | – | – | |
| Integrity Project | (450) | – | (450) | |
| CE Project | – | (2000) | (2000) |
|
| Surge Project | (33,401) | – | (33,401) | |
| Big Iftar | 1,220 | – | 1,220 | |
| Jubilee Fund | 1,540 | – | 1,540 | |
| Capacity Building | – | – | – | |
| Sport England Fund | 2,000 | – | 2,000 | |
| Tower Hamlet | – | – | – | |
| CREID | 649 | – | 649 | |
| Beyond Dialogue | – | 40,635 | 40,635 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total | 77,408 | 75,154 | 152,562 | |
| ================================ | ================================ | ================================ | ||
| 10. | Support Costs | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Rent | – | 1,613 | ||
| Rates & Water | – | 4,822 | ||
| Utilities | – | 373 | ||
| Insurance | 1,238 | 1,119 | ||
| Travel & Subsistence | – | 777 | ||
| Accountancy fee | 767 | 2,436 | ||
| Legal and Other Professional Fees | – | – | ||
| Telephone | – | 764 | ||
| Finance costs | 120 | 184 | ||
| Office & Admin costs | 6,127 | 1,461 | ||
| Depreciation | 864 | 864 | ||
| ---------------------------- | ---------------------------- | |||
| Total | 9,116 | 14,413 | ||
| ============================ | ============================ |
14
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
| 11. | Net income | ||
|---|---|---|---|
| Net income is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 864 | 864 | |
| ======================= | ======================= | ||
| 12. | Independent examination fees | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 1,250 | 1,250 | |
| ======================= | ============== |
13. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 23,815 | 65,297 |
| ================================ | ============================ | |
| The average head count of employees during the year was 3 (2023: 3). The average number of | ||
| full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Number of staff | 3 | 3 |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee remuneration and expenses
During the year, no Trustees received any remuneration. During the year, no Trustees received any benefits in kind. During the year, no Trustees received any reimbursement of expenses.
15
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
| 15. | Tangible fixed assets | |||
|---|---|---|---|---|
| Fixtures and | ||||
| fittings | Equipment |
Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 February 2023 and 31 January 2024 | 20,275 | 32,346 |
52,621 | |
| ============================ | ============================ | ============================ | ||
| Depreciation | ||||
| At 1 February 2023 | 20,274 | 30,690 |
50,964 | |
| Charge for the year | – | 864 |
864 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| At 31 January 2024 | 20,274 | 31,554 |
51,828 | |
| ============================ | ============================ | ============================ | ||
| Carrying amount | ||||
| At 31 January 2024 | 1 | 792 |
793 | |
| ============================ | ============================ | ============================ | ||
| At 31 January 2024 | 1 | 1,656 |
1,657 | |
| ============================ | ============================ | ============================ | ||
| 16. | Debtors | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade debtors | 34,138 | 98,611 | ||
| Prepayments and accrued income | 2,695 | 2,695 | ||
| Other debtors | 13,854 | 13,854 | ||
| ---------------------------- | ---------------------------- | |||
| 50,687 | 115,160 | |||
| ================================ | ============================ | |||
| 17. | Creditors: amounts falling due within one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade creditors | 68,175 | 64,228 | ||
| Accruals and deferred income | (3,090) | (3,090) | ||
| Social security and other taxes | 3,013 | 1,941 | ||
| Other creditors - Net Wages | 3,511 | 2,699 | ||
| ----------------------- | ----------------------- | |||
| 71,609 | 65,778 | |||
| ======================= | ======================= | |||
| 18. | Creditors: amounts falling due after more than one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | – | – | ||
| ============== | ============================ | |||
| 19. | Gift Aid/Government Grants | |||
| The amounts recognised in the financial statements for government | grants are as follows: | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Recognised in income from donations and legacies: | ||||
| Gift Aid – during the year | – | – | ||
| Gift Aid – over-accrued previous year | – | – | ||
| HMRC - Furlough Grant | – | – | ||
| ----------------------- | ----------------------- | |||
| Gift Aid/Government Grants | – | – | ||
| ============================ | ============================ |
16
International Centre For Integration And Cohesion
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 February | 31 January | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 239,362 | 332,071 | (184,145) | 387,288 |
| ================================ | ================================ | ================================ | ================================ | |
| At | At | |||
| 1 February | 31 January | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 216,049 | 115,078 | (91,765) | 239,362 |
| ================================ | ================================ | ================================ | ================================ | |
| Restricted funds | ||||
| At | At | |||
| 1 February | 31 January | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 3,700 | 61,715 | (76,865) | (11,450) |
| ================================ | ================================ | ================================ | ================================ | |
| At | At | |||
| 1 February | 31 January | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 11,469 | 67,441 | (75,210) | 3,700 |
| ================================ | ================================ | ================================ | ================================ | |
| Analysis of Changes in net debt | ||||
| At | At | |||
| 1 February | 31 January | |||
| 2023 | Cash flows | 2024 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 192,023 | 203,945 | 395,968 | |
| ================================ | ================================ | ================================ |
21. Analysis of Changes in net debt
17