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2023-03-31-accounts

MINARET COMMUNITY CENTRE

DIRECTOR'S AND TRUSTEES' REPORT AND ACCOUNTS For the year ended 31 March 2023

Charity Number: 1127464

Independent Examiner: Md Iqbal Hossain ACCA B K Community Accountant Ltd Arches 420-421 Burdett Road London E3 4AA

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MINARET COMMUNITY CENTRE DIRECTOR'S AND TRUSTEES' REPORT AND ACCOUNTS

Contents

Page
Officers and Financial Advisors 3
Directors' and Trustees' Report 4 -6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance sheet 9
Notes to the accounts 10 - 14

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MINARET COMMUNITY CENTRE

MEMBERS AND FINANCIAL ADVISORS FOR THE YEAR ENDED 31 MARCH 2023

Trustees and Directors Mr Abdihakim - Chairman
Mr Khadra Ali - Treasurer
Mr Abdullahi Mohamed – Secretary
Mrs Qaal Warsame – Trustee
Mr Abdirahman Abtidon
Charity No. 1127464
Registered Office 303 North End Road
London
W14 9NS
Independent Examiner Md Iqbal Hossain ACCA
B K Community Accountant
Arches 420-421
Burdett Road
London
E3 4AA
Bankers METRO BANK
One Southampton Row
London
WC1B 5HA

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MINARET COMMUNITY CENTRE DIRECTORS' AND TRUSTEES REPORT For the year ended 31 March 2023

Trustees Report

Minaret Community Centre supports children and young people between ages 5 and 18 years. They are mostly refugees from the under privileged background. They live in the borough of Hammersmith & Fulham and surrounding areas. The weekly teaching give the children and young people a boost in their school work. They are expected to develop confidence in their approach to their academic lives.

Vision

Our vision is to have the children and young people who pass through our supplementary education programme progress to higher education and come out to became respectable members of our community.

Reference and Administrative details

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the charity during the period were as follows:

Abdihakim Ali Abdullahi Mohamed Khadra Ali Qaal Warsame Abdirahman Abtidon

STRUCTURE GOVERNANCE AND MANAGEMENT

The Principal Office: 303 North End Road, London. W14 9NS

Governing Documents:

The Charity was registered in January 2009. The objects and powers are set out in the constitution.

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MCC has a board of trustees made up of four members who meet at least once every six weeks. Our trustees come from a variety of backgrounds; they provide a range of experience and expertise necessary to comply with our collective responsibility and seek to reflect the communities they serve. The board of trustees is responsible for setting the strategic.

How the Trustees are Elected:

The Board of trustees members (aka Management Committee members) are elected for a team of one year, as specified in our Articles of Association, by the members of the organisation at the Annual General Meeting (AGM) held by the organisation once every year. According to our governing Articles of Association, any member’s of the board could be re-elected again, so long as the member’s do not wish to remain a member of the Board.

Policy of induction and Training of Trustees:

For new trustees who are elected to board, there is a policy of induction in place, where they are made familiar with their roles in the organisation through information on the governing document and their duties and responsibilities as a trustee of charity.

These include:

the obligation of the Management Committee members, to fully understand the governing documents the financial situation of the Charitable Company and the Future Plans and Objectives of the Organisation

During the induction process, the new members of the Board are giving a “Question & Answer” session there they ask any question on the organisation. The same policy also includes arranging “Training programs” set for capacity building trustees so that might be able to dispense of their duties of governing the Charity. These courses are available from other voluntary organisations that support charities with which we work and network closely.

Organisational Structure and Accountability

The Trustees of the organisation are responsible for every aspect of the organisation:

They set the strategy for achieving its aims and objective, prepare and write its Business Plane and Annual Operational Plans; set the procedures, policies and guidelines (including legally required policies and procedures) that underpin the day to day running and management of the organisation.

They monitor and scrutinise that all the above including quarterly meeting where they receive regular reports from the Co-ordinator on all the above are being achieved including setting targets,

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The Co-ordinator is responsible for the day to day running and management of the organisation according to the operational plans and the instructions of the Trustees, to whom he is accountable and to whom new reports at quarterly meetings,

All other staff members and volunteers come under the supervision and accountable to the coordinator.

ACHIEVEMENTS AND PERFORMANCES

The main Services and Activities for the year.

A summary of our main activities that we provide for our community through direct access are as follows:

During the year we extended our services from Year 1 to A-Levels. We also increased our intake of children by 70 pupils and the overall children engaged this year was 150+ children.

This year our centre offered different services to the community especially Children and parents. These activities include 9 workshops, 4 training courses, 5 community gatherings, summer activities and celebration event for Sat’s and GCSE students.

We upgrade and updated our policies, specially our safeguarding policies. We carried out action plan for the health and safety requirement for the centre as agreed by our management team in the previous year.

We had training on governance, financial management and Health and Safety.

Signed on behalf of Management committee by:

Signed: --------------------------------------Date: 26/10/2023 fii

Printed name: Abdulkadir Abdullahi

Position: Chair

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Independent examiner’s report to the trustees of MINARET COMMUNITY CENTRE

For the year ended 31 March 2023

I report on the accounts of the company for the period ended 31 March 2023, which are set out on pages 7 to 14.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no other matter except that referred to in the above paragraphs, has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Md Iqbal Hossain, ACCA

B K Community Accountant Arches 420-421 Burdett Road London E3 4AA Date: 26[th] October 2023

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MINARET COMMUNITY CENTRE MINARET COMMUNITY CENTRE MINARET COMMUNITY CENTRE MINARET COMMUNITY CENTRE MINARET COMMUNITY CENTRE
Statement of Financial Activities
(Including income and expenditure account)
31 March 2023
Incoming
Resources		 Note Unrestr
icted
Funds		 Restricte
d		 TOTAL
Funds
2023		 Unrestrict
ed Funds		 Restricted
Funds		 TOTAL
Funds
2022
Donation and
Legacies		 2 20,397 69,639 90,036 33,380 66,870 100,250
Total Income 20,397
======		 69,639
=======		 90,036
========		 33,380
======		 66,870
=======		 100,250
=======
Expenditure on: 3
Charitable
activities		 14,745 71,458 86,203 21,575 65,786 87,361
Total expenditure 14,745
======		 71,458
=======		 86,203
========		 21,575
======		 65,786
=======		 87,361
=======
Net Income &
net movement
in funds		 5,652 (1,819) 3,833 11,805 1,084 12,889
Reconciliation of
fund:
Total funds
brought forward		 12,214 17,507 29,721 409 16,423 16,832
Total funds
carried forward		 17,866
======		 15,688
======		 33,554
=======		 12,214
======		 17,507
======		 29,721
=======

TOTAL RECOGNISED GAINS AND LOSSES

The Charity has no recognised gains or losses other than the net movement in funds for the above period.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 10 to 14 form part of these accounts.

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MINARET COMMUNITY CENTRE
BALANCE SHEET		 MINARET COMMUNITY CENTRE
BALANCE SHEET		 MINARET COMMUNITY CENTRE
BALANCE SHEET		 MINARET COMMUNITY CENTRE
BALANCE SHEET		 MINARET COMMUNITY CENTRE
BALANCE SHEET		 MINARET COMMUNITY CENTRE
BALANCE SHEET
AS AT 31 MARCH 2023
FIXED ASSETS Note
~~Gs~~		 2023 2022
~~ee~~ ~~ee~~
~~Gs~~
~~es es~~		 £
~~ee~~
~~es~~		 ~~ee~~
~~Ge~~		 £
~~ee~~		 £
~~ee~~
Office Equipment
~~es~~		 8
~~Gs~~
~~es~~
~~es es~~		 ~~es~~
~~es~~		 ~~es~~
~~Ge~~		 5,289
~~es~~		 6,611
~~es~~
~~es es Ge~~
Debtors
~~oT~~		 9
~~oT~~		 30,800
~~oT~~		 ~~oT~~ ~~oT~~ 19,485
~~oT~~
Cash at Bank
~~oT~~		 ~~oT~~ 6,541
~~oT~~		 ~~oT~~ ~~oT~~ 5,224
~~oT~~
Cash in hand
~~a~~		 ~~a~~ ~~a~~ ~~a~~ ~~a~~ ~~a~~
Total Current Assets
~~a~~		 ~~a~~ ~~a~~ 37,341
~~a~~		 ~~a~~ 24,709
~~a~~
~~eeee~~
Creditors and Accruals
~~ee~~		 10
~~ee~~
~~ee~~
~~ee~~		 ~~ee~~
~~ee~~
~~ee Gs~~		 (9,076)
~~ee~~
~~Gs~~		 ~~ee~~
~~es~~		 (1,599)
~~ee~~
Total Current Assets Less Creditors
~~es~~		 ~~ee ~~
~~es~~
~~ee~~		 ~~ee~~
~~es~~
~~ee Gs~~		 ~~es~~
~~Gs~~		 28,265
~~es~~
~~es~~		 23,110
~~es~~
Net Assets
~~ee~~		 ~~ee Gs~~ ~~Gs ~~ 33,554
=====
~~es~~		 29,721
======
Unrestricted Funds
~~oT~~		 11
~~oT~~		 ~~oT~~ ~~oT~~ 17,866
~~oT~~		 12,214
~~oT~~
Restricted Funds
~~oT~~		 11
~~oT~~		 ~~oT~~ ~~oT~~ 15,688
~~oT~~		 17,507
~~oT~~
Total Funds
~~SO~~		 ~~SO~~ ~~SO~~ ~~SO~~ 33,554
======
~~SO~~		 29,721
======
~~SO~~

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act. 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. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies’ subject to the small companies’ regime.

These accounts were approved by the Board of Directors and Trustees on 26[th] October 2023 and were signed on its behalf by:

…………………………………………………………………………Chair festole— …………………………………………………………………………Treasurer radio

The notes on pages 10 to 14 form part of these accounts.

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MINARET COMMUNITY CENTRE Notes to the Accounts For the year ended 31 March 2023

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

1.1 Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with the applicable Accounting Standards and the Statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2005 and the Companies Act 1985.

The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is small company.

1.2 Incoming Resources

Income from activities, voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.

1.3 Resources Expended

Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.

Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.

1.4 Going Concern Basis

The financial statements have been prepared on the going concern basis, as in the opinion of the director and trustees, there are no issues arising which would suggest any other basis as being more appropriate.

1.5 Depreciation

Depreciation is provided using the following rates and bases to reduce by annual instalments the cost, less estimated residual value, of tangible assets over the estimated useful lives:

Furniture, Fixtures, Fittings and Equipment - 20% on reducing line basis.

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MINARET COMMUNITY CENTRE

Notes to the Accounts For the year ended 31 March 2023

2. Income from donations and legacies

Grants, donations and legacies: Unrestricted
Funds		 Restricted
Funds		 2023 2022
£ £ £ £
United Hammersmith & Fulham - 10,713 10,713 21,610
Kulan Foundation Partnership 9,007 - 9,007 9,468
Locality - - - 10,000
Arnold Clark 2,500 - 2,500 1,000
Bernardo SHR Phase 2 - 340 340 10,820
Young H&F Foundation - 7,500 7,500 5,000
Oxfordgroup - - - 3,450
Voice 4 Change England - - - 9,762
Small Donation 710 - 710 5,054
Rent/Contribution 2,340 - 2,340 2,486
Earls Court Development - 12,000 12,000 12,000
London Borough of Hammersmith &
Fulham		 - 16,500 16,500 7,000
Foundation CAUX Initiatives 3,840 - 3,840 -
The UBELE Initiative BAYO 2,000 - 2,000 -
The health Forum/NHS Fund - 10,490 10,490 -
LMP Action - 12,096 12,096 2,600
TOTALS Income 20,397
=======		 69,639
======		 90,036
=======		 100,250
=======

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Notes to the financial statements (continuing)

Year ended 31 March 2023

3. Expenditure on Charitable Activities by Fund type:

Charitable activities &
Support Cost		 Un-
restricted
Funds		 Restricted
Funds		 Total
2023		 Un- Restricted
Total
2022
restricte Funds
d
Funds
£ £ £ £ £ £
Salary & NIC 11,020 33,152 44,172 10,820 22,510 33,330
Rent & Rates - 22,000 22,000 - 22,000 22,000
Telephone,
Internet,
Website, Media		 - 4,720 4,720 - 4,600 4,600
Refreshments - - - - - -
Stationery 1,005 - 1,005 1,205 - 1,205
Insurance - 2,329 2,329 - 2,499 2,499
Legal/Compliance - 500 500 - 500 500
Audit, Bookkeeping 350 400 750 350 400 750
Training/Mentoring - - - - - -
Events - - - - - -
Gas electricity water - 3,610 3,610 - 3,120 3,120
Fundraising cost 2,050 - 7,050 8,850 - 8,850
Volunteer Expenses 320 - 320 350 - 350
**Project Cost ** - 3,425 8,425 - **8,504 ** **8,504 **
Repair & Maintenance - - - - - -
**Depreciation ** - 1,322 1,322 - 1,653 1,653
Total 14,745
======		 71,458
======		 86,203
======		 21,575 65,786 87,361
======
====== ======

4. Expenditure on Charitable Activities by Activity type:

Charitable activities &
Support Cost		 Services Total Funds Total 2022
Governa
 Fund
ii		 2023
nce rasng
£ £ £ £ £
Property Costs 22,000 0 0 22,000 22,000
Depreciation 1,322 0 0 1,322 1,653
Direct Costs 47,817 900 7,050 55,767 56,184
Other indirect Costs 7,114 0 0 7,114 7,524
Total 78,253
=======		 900
=======		 7,050
======		 86,203 87,361
=======
=======

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Notes to the financial statements (continuing)

Year ended 31 March 2023

5. TRUSTEES EXPENSIS

No expenses are paid to Trustees. No employee earned more than £60,000 during the year (2021: nil).

6. Related party transactions

There are no related party transactions to disclose for 2023 (2022: none) There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

7. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

8. Fixed Assets

Computer Equipment Total
£ £
Cost
At 1 April 2022 13,320 13,320
Additions - -
Disposals - -
At 31 March 2023 13,320 13,320
Depreciation
At 1 April 2022 6,709 6,709
Disposals 0 0
Charge this period 1,322 1,322
At 31 March 2023 8,031 8,031
Net book value
At 31 March 2023 5,289 5,289
At 31 March 2022 6,611 6,611

9. Debtors

2023 2022
£ £
Debtors 30,800
=========		 19,485
=========

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10. Creditors

Creditors
2023 2022
£ £
Independent examination 500 400
Creditors 8,576 1,199
Total Creditors 9,076
======		 1,599
======

Accruals: Provision for Accountancy fees.

11. Analysis of charitable Funds:

Unrestricted Restricted
Total Fund
Fund Funds 2023
£ £ £
Tangible fixed assets Restricted 0 5,289 5,289
Net Current assets 17,866 10,399 28,265
Net Assets 17,866 15,688 33,554
======== ======= =======

Benefits in kind There were no benefits in kind in the period.

Independent examination and accountancy services

During the period, the cost of the examination and accountancy services was £500.

Glossary of terms

Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. Creditors These are amounts owed by the charity, but not paid during the accounting period.

Debtors: These are amounts owed to the charity, but not received in the accounting period.

Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.

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