REGISTERED CHARITY NUMBER: 1129651
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2023
for
Altaqwah Somali Centre
Hartrose Associates Ltd 61A Blagden Street Sheffield South Yorkshire S2 5QS
Altaqwah Somali Centre
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Altaqwah Somali Centre
Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1129651
Principal address
31-33 Andover Street Sheffield S3 9EE
Trustees
S Saleh D Hasan M Bashe S A Musse M F Hassan
Independent Examiner
Mr Akhtar Hussain Hartrose Associates Ltd 61A Blagden Street Sheffield South Yorkshire S2 5QS
Approved by order of the board of trustees on 25 March 2024 and signed on its behalf by:
S Saleh - Trustee
Page 1
Independent Examiner's Report to the Trustees of Altaqwah Somali Centre
Independent examiner's report to the trustees of Altaqwah Somali Centre
I report to the charity trustees on my examination of the accounts of Altaqwah Somali Centre (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mr Akhtar Hussain
Hartrose Associates Ltd 61A Blagden Street Sheffield South Yorkshire S2 5QS
25 March 2024
Page 2
Altaqwah Somali Centre
Statement of Financial Activities for the Year Ended 31 March 2023
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 44,136 | 106,615 | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 2,995 | 1,455 |
| Other | 21,160 | 20,513 | |
| Total | 24,155 | 21,968 | |
| NET INCOME | 19,981 | 84,647 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 181,214 | 96,567 | |
| TOTAL FUNDS CARRIED FORWARD | 201,195 | 181,214 |
The notes form part of these financial statements
Page 3
Altaqwah Somali Centre
Balance Sheet 31 March 2023
| 31.3.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 75,000 CURRENT ASSETS Cash at bank and in hand 126,375 CREDITORS Amounts falling due within one year 6 (180) NET CURRENT ASSETS 126,195 TOTAL ASSETS LESS CURRENT LIABILITIES 201,195 NET ASSETS 201,195 FUNDS 7 Unrestricted funds 201,195 TOTAL FUNDS 201,195 |
31.3.22 Total funds £ 75,000 106,394 (180) 106,214 181,214 181,214 181,214 181,214 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2024 and were signed on its behalf by:
S Saleh - Trustee
The notes form part of these financial statements
Page 4
Altaqwah Somali Centre
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Support costs | 2,364 | 555 |
| Investment management costs | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Property repairs | 631 | 900 |
| Aggregate amounts | 2,995 | 1,455 |
Page 5
continued...
Altaqwah Somali Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 106,615 |
| EXPENDITURE ON | |
| Raising funds | 1,455 |
| Other | 20,513 |
| Total | 21,968 |
| NET INCOME | 84,647 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 96,567 |
| TOTAL FUNDS CARRIED FORWARD | 181,214 |
| TANGIBLE FIXED ASSETS | |
| Freehold | |
| property | |
| £ | |
| COST | |
| At 1 April 2022 and 31 March 2023 | 75,000 |
| NET BOOK VALUE | |
| At 31 March 2023 | 75,000 |
| At 31 March 2022 | 75,000 |
Page 6
continued...
Altaqwah Somali Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 7. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 181,214 181,214 Incoming resources £ 44,136 44,136 At 1.4.21 £ 96,567 96,567 Incoming resources £ 106,615 106,615 |
31.3.23 31.3.22 £ £ 180 180 Net movement At in funds 31.3.23 £ £ 19,981 201,195 19,981 201,195 Resources Movement expended in funds £ £ (24,155) 19,981 (24,155) 19,981 Net movement At in funds 31.3.22 £ £ 84,647 181,214 84,647 181,214 Resources Movement expended in funds £ £ (21,968) 84,647 (21,968) 84,647 |
31.3.22 £ 180 At 31.3.23 £ 201,195 |
|---|---|---|---|
| 201,195 | |||
| 84,647 |
continued...
Page 7
Altaqwah Somali Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 96,567 96,567 |
Net movement in funds £ 104,628 104,628 |
At 31.3.23 £ 201,195 |
|---|---|---|---|
| 201,195 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 150,751 | (46,123) | 104,628 |
| TOTAL FUNDS | 150,751 | (46,123) | 104,628 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 8
Altaqwah Somali Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 44,136 | 106,615 |
| Total incoming resources | 44,136 | 106,615 |
| EXPENDITURE | ||
| Investment management costs | ||
| Property repairs | 631 | 900 |
| Other | ||
| Wages | 9,587 | - |
| Support costs | ||
| Management | ||
| Wages | - | 8,340 |
| Rates and water | 4,209 | 1,700 |
| Insurance | 165 | - |
| Light and heat | 3,653 | 4,111 |
| Telephone | 662 | 799 |
| Sundries | 693 | 250 |
| Cleaning costs | 1,741 | 1,729 |
| Rent | - | 1,500 |
| 11,123 | 18,429 | |
| Finance | ||
| Postage and stationery | 450 | - |
| Bank charges | 455 | - |
| Card reader | 680 | - |
| 1,585 | - | |
| Other | ||
| Social events | 329 | 525 |
| Governance costs | ||
| Legal and professional fees | 900 | 2,114 |
| Total resources expended | 24,155 | 21,968 |
| Net income | 19,981 | 84,647 |
This page does not form part of the statutory financial statements
Page 9