GOLDEN CENTRE OF OPPORTUNITIES
Registered Charity No. 1129304
Report & Financial Statements for the Year Ended 31 March 2022
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GOLDEN CENTRE OF OPPORTUNITIES
| Page | ||
|---|---|---|
| Index | 2 | |
| Charity Information | 3 | |
| Trustees annual report | 4-6 | |
| Accountants report | 7 | |
| Statement of fnancial activities | 8-9 | |
| Balance sheet | 10 |
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GOLDEN CENTRE OF OPPORTUNITIES
Charity information
Annual
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Trustees Mr. Ahmed Abdi Treasurer
Mr.AwaleDayner
Mr. Said Ibrahim
Mr. AbdirizakMohommed Chairman
Mr. Mohamed Yusef Secretary
Members of Staff Ms Nasra Aden Coordinator
responsible for the
management of the
Business
Mr AbdirizakMohommed Chairman&Centre
Manager
Mr Ahmed Abdi Treasurer
Registered Office 80 Demesne Road
Principle place of Manchester
business M16 8PJ
Independent Examiners Hossain Moorehead Ltd.
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GOLDEN CENTRE OF OPPORTUNITIES
Trustees Report for the year ended 31 March 2022
The trustees of the charity, present their annual report and independently examined financial statements for the year ended 31 March 2022
Structure, Governance and Management
The Charity is registered as a charity with the Charity Commission.The registration no .is 1129304
Although membership of the organisation is geared primarily to the local Somali Community, it is in no way limited to such persons only. The Charity serves to assist the members of all the communities within its reach and it adheres to the Equality policy. During the year the trustees elected to remove the term”Somali “from the name of the Charity to reflect this.
The Trustees have the power to make rules governing the affairs of the charity. The members, in general meeting, may alter or appeal such rules
In order to effectively govern, a committee of fivetrusteesserve also as managers and coordinators to oversee the overall operation. In addition, the committee appoints additional coordinators, teachers and volunteers to fulfilthe charity’s objectives
Appointment of Managers and Trustees
The Trustees, are appointed in general meeting and are collectively known as the Committee Every year at a AGM, each offer themselves for re-election. The Trustees who served during the year, together with any changes up to the date of approving this report are listed on page 3.
Trustee recruitment, induction and training
The organisation has a process for the recruitment and induction of the members to the Committee and is led by the needs and skill requirements of the organisation.
Organisation
The day to day operations of the Charity are the responsibility of the Centre Manager, to whom the Trustees delegate authority for operational matters including finance, employment and development .Our Trustee is not independent.
Risk Management
Periodic reviews are made to ensure that the charity continues to identify and mitigate any major risk that may arise. The major financial risks facing the charity arise in connection with uncertainty about the continuing financial capacity of some of the regular funders to continue to support the work
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GOLDEN CENTRE OF OPPORTUNITIES
Our Mission & Objectives
The mission of the Charity is to promote the wellbeing of the Local Somali community and also the local community without distinction of race, colour, ethnicity, gender or views held such as political, religious or other.
The key charitable objectives of the charity are:
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Providing welfare advice, information, and support services to all the Somali community
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Facilitating vocational training
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Assisting in the advancement of the educational attainment of young people
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Promoting and facilitating positive youth activities
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Promoting community cohesion by celebrating cultural diversity and encouraging racial harmony
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Fostering a positive outlook by engaging young people, women and the elderly in productive activities.
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Outreach work with elderly Somali people.
Ensuring our work delivers our aims and objectives
We currently have an active hands on management committee who meet regularly(during the year to review, guide and direct the work of the organization. This governance structure seeks to ensure that the services and the activities carried out by the charity are in keeping with its objectives and satisfies the needs of the community to deliver its overall mission.
In particular, the trustees refer to the guidance contained in the Charity Commission’s general guidance on public benefit when considering how planned activities will contribute to the Charity objectives and aims.
REVIEW OF PROGRESS AND ACHIEVEMENTS
This year the organisation enjoyed the continued support of the Manchester City Council,and,OldTrafford,MantraLearning,The Workers Education Association,Places for People and other giving organisations.Since June 2016 we have occupied offices in address,80 Demesne Road,Manchester and we continue to express our appreciation to our landlords ,the YMCA who helped us since our move here..
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GOLDEN CENTRE OF OPPORTUNITIES
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
The key beneficiaries of our work continue to be the communities in the catchment that we serve. Predominantly, our users come from the local Somali and other local communities; however, the Equal Opportunities Policy that we abide by ensures that no deserving individual is discriminated against. Our focus has been on all age groups, and both men and women. Our service users come from all over the Manchester area.
The Advice, Information and Guidance service is primarily taken up by the people for whom English is not their first language and who lack the knowledge or the confidence of dealing with authorities on their own. Besides the welfare rights issues the service alsoprovideswelfare benefit advice,aworkclub,basic IT classes ,ESOL Classes,and a Home work club..
Similarly, the various ad-hoc projects are all designed to benefit the respective sections of the community. The centre being at the heart of the community allows the user groups and the local community to meet, discusses, consult and run cohesion activities.
FINANCIAL REVIEW
A determined focus on balancing the books, and tight control on costs is needed each year .Each year this helps the organization to break-even and report either a modest revenue/expenditure loss or surplus.The current year reports a small surplus of £3129(£1326-2021)..All funds and Activities are currently un restricted so it has not been necessary to report on restricted activities separately...
There is still no large abundance of reserves (unrestricted funds not designated) which could be used to cover running costs in the event of unforeseen curtailment of income in the coming year and so the charity hopes to a enjoy the continued support that has been given .Net assets are valued at £22720(£195912021).
FUTURE PLANS
As last year,if funding cuts to Local authoritieswere ever to lead to a cut in donations to the charity they could seriously jeopardize the charity’s ability to sustain its current services and activities so new providers of a donation are always appreciated.
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The accounts comply with statutory requirements, the provisions of the governing document and the Statement of Recommended Practice for Charities issued March 2005.
Approved by the Board and signed on its behalf by:
Signed by a Director
Print name
Dated
GOLDEN CENTRE OF OPPORTUNITIES
INDEPENDENT EXAMINERS REPORT TO THE GOLDEN CENTRE OF OPPORTUNITIES
I report on the accounts of the charity, for the Year Ended 31 March 2022.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) or under Regulation 10(1)(a) to (c) of the Charities Account (Scotland) Regulations 2006 (the 2006 Regulations) and that an independent examination is needed. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of the Association of International Accountants .
It is my responsibility to:
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Examine the accounts under section 43 of the Charities 1993 Act and under section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act);
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7) (b) of the 1993 Act; and
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To state whether particular matters have come to my attention.
Basis of Independent Examiners Report
My examination was carried out in accordance with the General Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 disclosers 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 report is limited to those matters set out below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
- To keep accounting records have in accordance with section 41 of 1993 Act and section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act and section 44(1) (a) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations, 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.
Signed.....................................MD Hossain FAIA-Director
2[th ] June 2022 Hossain Moorehead Ltd. 20 Chorlton Road Hulme,Manchester, M15 4LL
GOLDEN CENTRE OF OPPORTUNITIES
CHARITY NO 1129304
INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH 2022
| 2022 | 2021 | ||
|---|---|---|---|
| INCOME: | £ | £ | |
| Donations & grants Received | |||
| Places for People | 5000 | ||
| Manchester City Council- Working Club Funding | 5000 | ||
| 5000 | |||
| Manchester City Council Support Grant | 6163 | ||
| 5000 | |||
| Good things | 3625 | ||
| Mantra Learning |
58089 | ||
| 27089 | |||
| Manchester City Council Food Bank Support | |||
| 308 | |||
| Manchester City Council-Safety Support | |||
| 479 |
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| Lottery | - | 10000 | ||
|---|---|---|---|---|
| Workers Education Association | 16544 | |||
| 6987 | ||||
| GMCA | ||||
| 10000 | ||||
| Covid Support | ||||
| 20288 | ||||
| HMRC Wagers support | 3567 | |||
| 21691 | ||||
| Other Donations | 963 |
|||
| 105326 | ||||
| 100467 |
GOLDEN CENTRE OF OPPORTUNITIES
CHARITY NO 1129304
| INCOME & EXPENDITURE ACCOUNT | INCOME & EXPENDITURE ACCOUNT | INCOME & EXPENDITURE ACCOUNT | FOR | THE | YEAR ENDED 31 | st |
|---|---|---|---|---|---|---|
| MARCH 2022 | ||||||
| 2022 | ||||||
| 2021 | ||||||
| £ |
£ | £ | ||||
| £ | ||||||
| INCOME | 105326 | 100467 | ||||
| EXPENDITURE | ||||||
| Administrators Salaries & Tutors Fees | 61629 | 60483 | ||||
| Volunteers Expenses | 8788 | 7982 | ||||
| - | ||||||
| Rent | 9000 | 10500 |
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| Rates & Water Telephone & Website Insurance Light & Heat Printing Stationary & Adverts Computing & Software Bank charges Cleaning & Sundries Repairs Covid Prevention Accountancy Depreciation 99141 Excess of Income over Expenditure 1326 |
821 3133 764 2283 2487 3206 52 2571 2476 2200 2787 |
746 2883 384 1307 1659 3220 30 2742 590 2082 2248 102197 2285 3129 |
|---|---|---|
GOLDEN CENTRE OF OPPORTUNITIES
CHARITY NO 1129304
BALANCE SHEET AT 31st MARCH 2022
| 2022 FIXED ASSETS: £ £ Ofice Furniture,Fixtures&Fittings 3020 Less Depreciation 302 2718 3020 Computer Equipment 24854 11623 |
2021 £ £ 3356 336 |
|---|---|
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| Addition | 329 |
15180 | |||
|---|---|---|---|---|---|
| 25183 | 26803 | ||||
| Less Depreciation | 2485 |
22698 |
1949 |
||
| 24854 | |||||
| 25416 | |||||
| 27874 | |||||
| CURRENT ASSETS | |||||
| Debtors and Prepaid | 20357 | ||||
| Cash at bank CIC | 18779 | ||||
| Cash at Bank | 278 | 39414 |
6901 | ||
| 6901 | 64830 | ||||
| 34775 | |||||
| LESS CREDITORS:AMOUNTS DUE WITHIN ONE YEAR | |||||
| Exam fee Creditors and Accruals | 5341 | 13936 | |||
| CIC Loan | 35000 | ||||
| Accountancy Creditor | 600 | 600 | |||
| PAYE & NIC | 1169 | 42110 | 648 |
||
| 15184 | |||||
| 22720 | |||||
| 19591 | |||||
| REPRESENTED BY | |||||
| ACCUMULATED FUNDS(ALL UNRESTRICTED) | |||||
| Balance bf | 19591 | 18265 | |||
| Surplus for the Year | 3129 | ||||
| 1326 Balance cf |
22720 | ||||
| 19591 |
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