Charity Number: 1130154
THE LONDON MERIT ASSOCIATION
Reports and Accounts For The Year Ended 30 April 2022
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 22
The trustees present their annual report and financial statements for the year ended 30 APRIL 22
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 2022 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.
Page 2
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 2022, 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
Page 4
THE LONDON MERIT ASSOCIATION
Statement of Financial Activities
For the period ended 30 April 22
| 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 30.04.2021 Carried Forward at 30.04.2022 |
2022 2021 £ £ 326203 290019 28563 78360 17755 11742 42 6875 372564 386996 83617 137642 48 194 178326 204402 261991 342238 110573 44758 195726 150968 306299 195726 |
|---|---|
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.
Page 5
THE LONDON MERIT ASSOCIATION
Statement of Financial Activities For the period ended 30 April 22
| Notes Fixed Assets Tangible Assets 5 Current Assets Stock 6 Debtors 7 Cash at bank and in hand Creditors:amounts falling due within one year 8 Creditors:amounts falling due greater than one year 9 Net Current Assets/(Liabilities) Total Assets Less Current Liabilities Funds Unrestricted funds |
2022 £ 120711 120711 0 6750 238689 245439 (9850) (50000) 185589 306299 306299 |
2021 £ 122679 |
|---|---|---|
| 122679 0 6750 75647 |
||
| 82397 (9350) |
||
| 0 | ||
| 73047 | ||
| 195726 | ||
| 195726 |
Page 6
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 22
- 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
Page 7
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 22
| 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 |
2022 2021 £ £ 0 0 21226 3664 10 912 0 0 42 6875 103987 76019 0 0 8836 1190 7549 20106 30 972 17755 11742 0 2318 28563 78360 2760 910 0 25920 0 0 9900 15377 0 0 129329 32178 0 0 0 0 0 0 17301 26476 0 0 9025 10820 0 8053 16250 65105 0 0 372564 386996 |
|---|---|
The total incoming resources are all from unrestricted funds.
Page 8
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 22
| 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 |
2022 £ 0 48 36903 2276 25480 0 18909 0 83617 0 48 48 78406 0 964 44255 7809 0 0 0 13176 246 0 150 544 5470 500 1485 1968 22273 771 309 178326 |
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 |
||
| 204402 |
Page 9
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 22
| 4. Net (Outgoing) Resources Depreciation Accountancy Emoluments of employees 5. Tangible Fixed Assets Leasehold Property £ Cost At 30.04.2021 137728 Additions 0 Disposals 0 At 30.04.2022 137728 Depreciation At 30.04.2021 16083 Charged for the period 2574 Disposals 0 At 30.04.2022 18657 Net Book Value At 30.04.2022 119071 At 30.04.2021 121645 6. Net (Outgoing) Resources Stock |
2022 £ 1968 500 78406 Furniture Fixtures & Fittings £ 34793 0 0 34793 33759 -606 0 33154 1640 1034 2021 £ 0 0 |
2021 £ 5440 500 105381 Motor Vehicles £ 0 0 0 0 0 0 0 0 0 0 2020 £ 0 0 |
TOTAL 172521 0 0 |
|---|---|---|---|
| 172521 | |||
| 49842 1968 0 |
|||
| 51811 | |||
| 120711 | |||
| 122679 | |||
Page 10
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 22
| 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 9. Creditors:amounts falling due greater than one year Loan |
2022 £ 0 0 6750 6750 2022 £ 0 0 0 0 9850 9850 £ £ 50000 50000 |
2021 £ 0 0 6750 |
|---|---|---|
| 6750 | ||
| 2021 £ 0 0 0 0 9350 |
||
| 9350 | ||
| £ £ 0 |
||
| 0 |
Page 11
THE LONDON MERIT ASSOCIATION
Notes to the Accounts
For the period ended 30 April 22
| 10. Funds Net (outgoing) / income resources before transfers and investment gains Transfers: Transfers in respect of fixed assets additions Closing Balance at 30 April 2022 Represented by: Fixed Assets Net Current Assets |
Unrestricted Restricted Total Funds Funds 2022 £ £ £ 195726 0 195726 110573 110573 0 0 0 306299 0 306299 120711 0 120711 185589 0 185589 306299 0 306299 |
Total 2021 £ 150968 44758 0 |
|---|---|---|
| 195726 | ||
| 122679 73047 |
||
| 195726 |
11. 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.
Page 12