OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

MITALEE YOUTH ASSOCIATION REPORT AND ACCOUNTS

31 March 2023

Charity Number: 1130404

MITALEE YOUTH ASSOCIATION For year ended 31 March 2023 Contents

a

Page
Charity Information 3
Report ofthe Trustees
Report ofthe Accountant		 4-5
6
Statement of Financial Activities 7
Balance sheet 8
NotestotheFinancialStatements 9to10

2

MITALEE YOUTH ASSOCIATION For year ended 31 March 2023 Charlty Information

a a a
Trustees: MrAlal Khan Chairman
Mr Mahmudul Hoque Treasurer
MrAshukAhmed MBE Member
Mr Shopan Miah Member
Mr Muhtasim Ahmed Member
CharltyNumber: 1130404
PrincipalOffice: Groundfloor
42 Liverpool Road
Luton
Bedfordshire
LU1 1RS
Accountant: VertexAccountants
McKenzie House (Top Ficor)
410-112 Leagrave Road
Luton
Bedfordshire
United Kingdom
LU4 BHX
Bank: Barclays Bank Pic
George Street
Luton
Bedfordshire
LU12AX

3

MITALEE YOUTH ASSOCIATION For year ended 31 March 2023 TRUSTEES REPORT

ney The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Constitution, applicable law and the requirements of the Statement of Recommended Practice, “Accounting and Reporting by Charities" issued in March 2005,

STRUCTURE, GOVERNANCE AND MANAGEMENT

OBJECTIVES AND ACTIVITIES

The Charity's objectives are:

“To act as a resource for young people in particular but not exclusively those living in Luton and surrounding areas by providing advice and assistance and organising programmes of physical, educational and other activitles as a means of:

(a) advancing in life and helping young people by developing thelr skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals:

(b) advancing education for children, young people and their families.

(c) providing recreational and leisure time activity in the interests of social welfare for people living In the area of benefit who have need by reason of their youth, age, infirmity of disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons,"

Trustees and/or principal officers:

The following officers of the charity have held office for the whole of the year.

----- Start of picture text -----
|||| |---|---|---| |Mr Alal|Khan|Chairman| |Mr Mahmudul|Hoque|Treasurer| |Mr Ashuk Ahmed|MBE|Member| |Mr Shopan|Miah|Member| |Mr|Muhtasim Ahmed|Member|

----- End of picture text -----

The trustees are eligible, in committee, to appoint additional trustees under the terms of the

constitution.

4

MITALEE YOUTH ASSOCIATION For year ended 31 March 2023

TRUSTEES REPORT

re

Activities and Achievements:

How our activities deliver public benefit:

The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities provide benefit both to those who attend our provisions and the wider community of Luton.

Review of Transactlons and Financial Position:

The financial position of the charity is very secure with net fund of £52,643.00 as at 31 March 2023.

Statement of Trustees’ Responsibilities:

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts

for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming recourses in the year. In preparing the statement

the trustees are required to:

e select suitable accounting policies and apply them consistently, ¢ make judgements and estimates that are reasonable and prudent, e state whether applicable accounting standards and statements of

recommended practice has been followed, subject to any material

departures disclosed and explained in the statements of accounts.

¢ prepare the financial statements on the going concern basis unless

it is Inappropriate to presume that the charity will continue it operations.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity at that time and to enable the trustees to ensure that any statement of account prepared by them complies with the regulations under section 130 of the Charities Act 2011.They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 26" July 2023 and signed on their behalf

Mr Alal Khan

Chairman

5

Report to the trustee on the preparation of the unaudited accounts of MITALEE YOUTH ASSOCIATION For year ended 31 March 2023 Charity No:1130404

| have examined the accounts on page 8 to 10, which have been prepared on the basis of accounting policies set out on page 9.

Respective responsibilities of trusteas and examiner

The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit fs not required for this year under Section 44 of the Charities Act 2011 (the Charitles Act) and that an independent examination is needed.

itis my responsibility to:

Basis of Independent examiner's statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes 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 the 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 statements

In connection with my examination, no matter has come to my attention which gives me any reasonable cause to believe that, in any material respect, the requirements have not been met: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord the accounting records and comply with the accounting requirements of the 2011 Act.

Vertex Accountants McKenzie House {Top Floor) 110-112 Leagrave Road Luton Bedfordshire United Kingdom LU4 8HX

:

6

MITALEE YOUTH ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2023

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |I| |Notes|Unrestricted|Restricted| |Funds|Funds|2023|2022| |£|£|:|£| |Incoming|Resources| |Grant and|Donations|2|21,597|37,667|59,264|97,993| |21,597|37,667|59,264|97,993| |Resources|Expended| |Charitable|activities|3|94,425|94,425|49,059| |General Overhead|§,272|5,272|2,080| |Govemance|Costs|5|575|575|575| |Total|Resources Expended|5,847|94,425|100,272|51,714| |Net incoming|/ (Outgolng|Resources)|15,750|(56,758)|(41,008)|46,279| |Reconciliation|of|Funds:| |Total|funds,|brought forward|31,194|62,457|93,651|47,372| |Total|funds,|carried|forward|46,944|5,699|52,643|93,651| |SS|Fa|9|nl|oo —X =|

----- End of picture text -----

7

‘

MITALEE YOUTH ASSOCIATION Balance Sheet as at 31 March 2023

MITALEE YOUTH ASSOCIATION
Balance Sheet as at 31 March 2023		 MITALEE YOUTH ASSOCIATION
Balance Sheet as at 31 March 2023		 MITALEE YOUTH ASSOCIATION
Balance Sheet as at 31 March 2023		 MITALEE YOUTH ASSOCIATION
Balance Sheet as at 31 March 2023		 MITALEE YOUTH ASSOCIATION
Balance Sheet as at 31 March 2023		 MITALEE YOUTH ASSOCIATION
Balance Sheet as at 31 March 2023
I
Notes 2023 2022
£ g £ £
Flxed assets
Tangibleassets 4 1405 1874
CurrentAssets
Cash in hand and atBank 54,950
54,950		 93,934
93,934
Creditors
Amountsfallingduewithin oneyear § - 3,712 - 2,157
NetCurrentAssets 51,238 91,777
NetAssets 52,643
oe		 93,651
aoe
Total Funds of the Charity
Unrestrictedfunds B/F
Restricted funds B/F
Unrestricted funds
Restricted funds		 31,194
62,457
15,750
~ 56,758
52,643		 21,916
25,456
9,278
37,001
93,651

These Accounts were approved by the Trustees on 28th July 2023.

Mr Alal Khan Chair of the Management Committee VI Mr Mahmudui Hoque Treasurer

The notes on pages 9 to 10 form part of these accounts

8

.

MITALEE YOUTH ASSOCIATION Notes to the Accounts For year ended 31 March 2023

.

1. Accounting Pollcies

The following accounting policles have been used consistently in dealing with Items which are considered material in relation to the flnanclal statements.

1.1 Basle of Accounting The financlal statements have been prepared under the historical cost convention and In accordance with the applicable Accounting Standards , the Statement of Recommended Practice “Accounting and Reporting by Charities” published In March 2005. The principal accounting policles adopted in the preparation of the financla! statements are set out below.

4.2 Incoming Resources 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 hava not been fulfilled, then the income Is deferred. The income from fundraising ventures is shown gross, with the associated costs included In fundralsing costs.

1.3 Resources Expended

All expenditure is accounted for on an accruals basis and has been fisted under headings that aggregate all the costs related to the activity. Where costs cannot be directly attributed they have been allocated to activitles on a basis consistent with the use of the resources. Direct costs, including directly attributable salaries, are allocated on an actual basis to the key strategic areas of activity. Overheads and other salaries are allocated between expenses headings, on the basis of time spent. Governance costs are those incurred In connection with the management of the Mitalee Youth Association's assets, organisational administration and compliance with constitutlonal and statutory requirements.

1.4 Tangible fixed assets and depreciation Tangible fixed assets costing more than £500 are capitallsed and included at cost Including any incidental costs of acquisition Depreciation is provided on furniture & equipment at the rate of 25% on cost.

2,GrantandDonations Unrestrict
edFunds		 Restricted
Funds		 2,023 2022
£ £ £ £
Big Lottery(MalnGrants)
OtherGrants and Donations
Beds& LutonCom
NationalHerltageFund
CYCD (LutonBorough Council)
GarfieldWeston Foundation
ESC LotteryFund		 21,597
21,597		 -
-
12,667
-
“
26,000
:
37,667		 :
21,597
12,687
:
-
25,000
:
59,264		 9,960
11,933
§,000
28,100
8,000
256,000
10,000
97993

9

MITAILEE YOUTH ASSOCIATION

MITAILEE YOUTHYOUTH ASSOCIATION MITAILEE YOUTHYOUTH ASSOCIATION
Notes tothe Accounts
Foryearended 31 March 2023 :
3.Costof Charitable activities Baals of
Allocation		 Tralning&
Development		 2,023 2022
:
.
:		 £ £ £
Tutors/Staffcost
Venue Hire/Rent&OtherFees
EquipmentExpenses
{nsurance
Printing,PostageandStationary
Training&Welfare
Advertising andPR
Events&Activitles
Otherlegaland prof
Depreciation
Donation/Food Programm
Repairsand maintenance
Wagesandsalaries		 Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct		 17,024
42,000
4,690
273
242
4,868
4,795
23,231
-
468
-
803
37,303
99,697		 47,024
12,000
4,690
273
242
4,868
4,795
23,231
-
468
-
802
37,303
99,697		 20,368
1,200
-
332
210
6,994
-
1,938
105
624
10,012
46
9,316
61139
4.Tangible Fixed Assets . Leasehold Furnkuraanc Total
L&B Equipment
£ £ £
Cost
At1 April 2022
Addlitlons during theyear
Asal31 March2023		 -
-
See,
a		 8,323
8,323
-
0
em
O1923
923.
Dapreclation
At 1 April 2022
Charge fortheyear
Asat 314 March2023		 rE 6,449
468
6,917
——————— ——		 §825
824
6449
Net Book Values
As at34 March 2022
As at31 March 2023		 -
-
aaa		 1,874
2,498
4,405
4,874
ee Sn nod
Baals of
6.Governance Cost Allocation Governance 2023 2022
AccountancyFee Direct 575 575
575 575
8. Creditors: amounts falling due
withinoneyear
Accruals 575 575
~~ 875 675

: : :

10