Charity Number: 1130154
THE LONDON MERIT ASSOCIATION
Reports and Accounts For The Year Ended 30 APRIL 2021
THE LONDON MERIT ASSOCIATION
| Index | Page |
|---|---|
| Charity Information | 1 |
| Trustee's Report | 2-3 |
| Accountant's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7-12 |
THE LONDON MERIT ASSOCIATION
Company Information
Trustees MR MUSA KARABAY (CHAIRMAN) MR SEVKI YUKSEKKAYA (SECRETARY) MR ENVER GUNDOGDU (TREASURER) MR ISMAIL SIK MR CIHAT YILDIZ MR KENAN BOYRAZ Charity Number 1130154 Registered Office 4 Centre Way Claverings Industrial Estate Enfield, London N9 0AP Bankers BARCLAYS BANK 20 The Town Enfield EN2 6LY Accountant MR ILKAY OZTURK 17 Elmcroft Avenue Edmonton London N9 7DR
Page 1
THE LONDON MERIT ASSOCIATION
TRUSTEES' ANNUAL REPORT For the period ended 30 April 21
The trustees present their annual report and financial statements for the year ended 30 APRIL 21
THE LONDON MERIT ASSOCIATION is constituted by Deed of Trust and is registered charity No: 1130154 in England and Wales.
The principle address is at 4 Centre Way, Enfield, London, N9 0AP.
The trustees of the charity during the year ended 30 April 2021 were:
MR MUSA KARABAY (CHAIRMAN) MR SEVKI YUKSEKKAYA (SECRETARY)
MR ENVER GUNDOGDU (TREASURER) MR ISMAIL SIK MR CIHAT YILDIZ MR KENAN BOYRAZ
Trustees' responsibility in relation to the financial statements
The charity's trustees are responsible for preparing the Annual Report and financial statements in with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law requires trustees to prepare financial statements for each financial year. The financial statements are required by law to give a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies that are reasonable and prudent;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
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prepare the financial statements on the going conern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE LONDON MERIT ASSOCIATION
INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF THE CHARITY ABOVE
I report on the accounts of the trust for the year ended 30 April 2021, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
The charity's trustees consider that an audit is not required for this year (under section 145(1) of the Charities Act 2011 (the Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act) and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried in accordance with General Directions given by the Charity Commissioners 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 unusal items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
(1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 133 of the Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
MR ILKAY OZTURK
17 Elmcroft Avenue London N9 7DR 12 March 2023
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THE LONDON MERIT ASSOCIATION
Statement of Financial Activities
For the period ended 30 April 21
| Notes Incoming Resources Donation Received Grants Received Fund Raising Other Income Total Incoming Resources 2 Resources Expended Direct Charitable Expenditure Other Expenditures Fundraising & Publicity Management & Administration Total Resources Expended 3 Net Incoming/(Outgoing) Resources 4 Funds Balances Brought Forward at 31.03.2020 Carried Forward at 30.04.2021 |
2021 2020 £ £ 290019 204949 78360 30000 11742 10771 6875 3626 386996 249345 137642 44605 194 232 204401 178489 342237 223326 44758 26020 150968 124949 195726 150968 |
|---|---|
Notes: There are no recognized gains or losses other than the net movement in funds. All amounts above relate to continuing activities.
The notes on page 8 to 12 form part of these accounts.
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THE LONDON MERIT ASSOCIATION
Statement of Financial Activities For the period ended 30 April 21
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | |||
| Tangible Assets | 5 | 122679 | 117262 |
| 122679 | 117262 | ||
| Current Assets | |||
| Stock | 6 | 0 | 0 |
| Debtors | 7 | 6750 | 6750 |
| Cash at bank and in hand | 75647 | 36306 | |
| 82397 | 43056 | ||
| Creditors:amounts falling due | |||
| within one year | 8 | (9350) | (9350) |
| Net Current Assets/(Liabilities) | 73047 | 33706 | |
| Total Assets Less Current Liabilities | 195726 | 150968 | |
| Funds | |||
| Unrestricted funds | 195726 | 150968 |
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THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 21
1. Accounting Poicies
The accounts have been prepared under the historical cost convension in accordance with applicable accounting standards and statement of recommended practice, Accounting by charities.
Incoming Resources
Material incoming resources are identified on receivable basis.
Cashflow
The accounts do not include a cash flow statement because the company as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting standard 1 Cash flow statements.
Outgoing Resources
Expenses are recorded on an accruals basis. The director allocates the expenses of the charity between direct charitable expenditure and management and adminstration.
Tangible Fixed Assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:
Leasehold Property - 2% per annum reducing balance Fixtures & Fittings - 25% per annum straight line Motor Vehicles - 25% per annum reducing balance
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THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 21
| 2. Incoming Resources Aqiqah Bi-weekly Food fair Calendar-Books Collection on Special days and nights Other Income Donations Fitra Food Fair Income Friday Prayer Donation Friday Social Gathering(lahmacun) Fundraising Mini Donation Boxes Gift Aid Grants Hall / Salon Iftar & Sahuur Marriage Ceremony Fee Membership Fees Quarterly Street food Ramazan Donations Recitation Mawlid Referral fee and tours Sadaqa Sadaqah Qurbani Saturday Breakfast Club Student Tuition Fees Tuck Shop Wajib Qurbani Zekat |
2021 2020 £ £ 0 360 3664 1239 912 1479 0 4298 6875 3626 76019 21188 0 1130 1190 0 20106 19834 972 4317 11742 10771 2318 0 78360 30000 910 0 25920 38375 0 0 15377 13058 0 10034 32178 0 0 1055 0 50 0 15429 26476 18390 0 1038 10820 35886 8053 2213 65105 6315 0 9262 386996 249345 |
|---|---|
The total incoming resources are all from unrestricted funds.
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THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 21
| 3. Outgoing Resources Direct Charitable Expenditure Travel and Subsistence Motor Expenses Kitchen Expenses Street Food Fair Expenses Student Expenses Book Expenses Qurbani Expenses Conference and Meeting Expenses Fundraising and Publicity Fund Raising Expenses Advertising and PR Other Expenditure Management & Administration Wages and Salaries Freelance Tutorials Staff Training and Welfare Rent Rates Service Charges Water & Rates Insurance Utilities Repairs and Maintenance IT Maintenance Cleaning Telephone Expenses Printing, Postage & Stationery Accountancy Consultancy Fees Depreciation Sundry Small Equipment Bank Charges |
2021 £ 133 20 12480 11381 3460 0 100168 10000 137642 0 194 194 105381 0 82 55000 5156 0 0 1299 11493 1887 0 388 612 8397 500 0 5440 7433 118 1217 204401 |
2020 £ 0 2587 7123 15065 4389 4785 0 10655 |
|---|---|---|
| 44605 | ||
| 180 52 |
||
| 232 | ||
| 67751 900 578 60000 6048 1510 0 814 11392 851 2000 768 434 3491 900 3000 6288 10675 30 1058 |
||
| 178489 |
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THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 21
| 4. Net (Outgoing) Resources Depreciation Accountancy Emoluments of employees 5. Tangible Fixed Assets Leasehold Property £ Cost At 31.03.2020 127728 Additions 10000 Disposals 0 At 30.04.2021 137728 Depreciation At 31.03.2020 13709 Charged for the period 2374 Disposals 0 At 30.04.2021 16083 Net Book Value At 30.04.2021 121645 At 31.03.2020 114020 6. Net (Outgoing) Resources Stock |
2021 £ 5440 500 105381 Furniture Fixtures & Fittings £ 33936 857 0 34793 30694 3065 0 33759 1034 3242 2021 £ 0 0 |
2020 £ 6288 900 67751 Motor Vehicles £ 0 0 0 0 0 0 0 0 0 0 2020 £ 0 0 |
TOTAL 161664 10857 0 |
|---|---|---|---|
| 172521 | |||
| 44402 5440 0 |
|||
| 49842 | |||
| 122679 | |||
| 117262 | |||
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THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 21
| 7. Debtors Trade Debtors Prepayments Other Debtors 8. Creditors:amounts falling due within one year Trade Creditors Salaries Taxation and social security Other Creditors Accruals |
2021 £ 0 0 6750 6750 2021 £ 0 0 0 0 9350 9350 |
2020 £ 0 0 6750 |
|---|---|---|
| 6750 | ||
| 2020 £ 0 0 0 0 9350 |
||
| 9350 |
Page 11
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 21
| 9. Funds Net (outgoing) / income resources before transfers and investment gains Transfers: Transfers in respect of fixed assets additions Closing Balance at 30 April 2021 Represented by: Fixed Assets Net Current Assets |
Unrestricted Restricted Total Funds Funds 2021 £ £ £ 150968 0 150968 44758 44758 0 0 0 195726 0 195726 122679 0 122679 73047 0 73047 195726 0 195726 |
Total 2020 £ 124949 26020 0 |
|---|---|---|
| 150968 | ||
| 117262 33706 |
||
| 150968 |
10. TRUSTEES'S RENUMERATION AND EXPENSES
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.
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