REGISTERED COMPANY NUMBER: 06576958 (England and Wales) REGISTERED CHARITY NUMBER: 1132108
Report of the Trustees and Unaudited Financial Statements for the year ended 31[st] July 2020 for Barka UK
Barka UK
Contents of the Financial Statements for the year ended 31[st] July 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
Barka UK
Report of the Trustees
for the year ended 31[st] July 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2020. 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 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06576958 (England and Wales) Registered Charity number 1132108
Registered office
39-41 North Road London N7 9DP
Trustees
B Cassidy Chairwoman E Sadowska Chief Executive B Sadowska L Wesierska
Company Secretary
E Sadowska
Independent examiner
EFREM KIDANE FCCA EKB Accountancy Services Ltd Chartered Certified Accountants and registered Auditors 39-41 North Road London, N7 9DP
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Barka UK
Report of the Trustees for the Year Ended 30 July 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
MANAGEMENT AND GOVERNANCE ARRANGEMENTS
Trustee are generally identified and proposed by exiting Trustees; their appointment being ratified by the Trustees at a management committee meeting. The Chairman is responsible for the induction of the new Trustees. Trustees meet monthly and all major financial and policy matters are discussed. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that the systems are in place to mitigate those at risk. The day today administration and management of the charity is delegated to Ms. Ewa Sadowska.
RISK MANAGENMENT
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activities of the company during the year were as follows
a) to alleviate hardship among Polish and other East European immigrant and assist them to settle in the UK and
b) to assist immigrants, who faced socio economic hardship and who want to return to their country, by providing transport and subsistence and
C) to provide rehabilitation programme in Poland for those who have alcohol and drug addiction problems.
ACHIEVEMENT AND PERFORMANCE
During the year Barka UK was working with Polish government in partnership with other funders, local councils, outreach teams, day centres and Eastern European Consulates. During the year Barka UK employed one administration employee, one client's support and outreach employees.
FINANCIAL REVIEW
The Gross incoming resources of the charity for the year ended 31st July 2020 amounted £77,845, (2019 - £70,624), this include donations amounting £4,838 (2019-£1,311). The total resources expanded during the year was £87,355, (2019-£61,942). The excess of expenditure over income was £9,510, (2019- excess of income over expenditure was £8,682).
RESERVE POLICY
It is the policy of the trustees that the reserves of the charity should be held in as current assets in order to meet the future requirements of its projects.
ON BEHALF OF THE BOARD :
E Sadowska - Trustee
29[th] April 2021
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Barka UK
Statement of Financial Activities for the Year Ended 31[st] July 2020
| 31.7.2020 Unrestricted Restricted Total funds funds funds Notes £ £ £ INCOMING RESOURCES Incoming resources from generated funds Funds received 6 4,838 73,007 77,845 RESOURCES EXPENDED Governance costs 3,600 3,600 Direct charitable expenditure 6 4,838 78,917 83,755 Total resources expended 4,838 82,517 87,355 NET INCOMING/(OUTGOING) RESOURCES 0 (9,510) (9,510) RECONCILIATION OF F0UNDS Total funds brought forward 300 9,878 10,178 TOTAL FUNDS CARRIED FORWARD 300 368 668 |
31.7.2019 Total funds £ 70,624 2,100 59,842 61,942 __ 8.682 1,496 10,178 |
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Barka UK
| Balance Sheet At 31 July 2020 31.7.2020 Notes £ CURRENT ASSETS Debtors 3 0 Cash at bank and in hand 10,119 10,119 CREDITORS Amounts falling due within one year 4 (9,451) NET CURRENT ASSETS 668 TOTAL ASSETS LESS CURRENT LIABILITIES 668 NET ASSETS 669 FUNDS Unrestricted funds 300 Restricted funds 368 TOTAL FUNDS 668 |
31.7.2019 £ 8,667 2,514 11,181 (1,003) 10,178 10,178 10,178 300 9,878 10,178 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
In accordance with Section 444 of the companies Act 2006, the income statement has not been delivered.
The financial statements were approved by the Board of Trustees on 29[th] April 2021 and were signed on its behalf by:
E Sadowska –Trustee
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Barka UK
Notes to the Financial Statements for the Period Ended 31[st] July 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the 8historical cost convention.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
Taxation
The charity is exempt from corporation 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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. Employee and Directors
There average number of employees during the year was 4 (2019-4).
3. STAFF COSTS
| Wages and salaries 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Funds receivable |
31.7.20 £ 69,702 69,702 31.7.20 £ 0 0 |
31.7.19 £ 46,430 46,430 31.7.19 £ 8,667 **8,667 ** |
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Barka UK
Notes to the Financial Statements - continued for the Year Ended 31[st] July 2020
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Funds Received in advance Taxation and social security Other creditors |
31.7.20 £ 8500 809 142 9,451 ===== |
31.7.19 £ 789 214 1,003 ===== |
|---|---|---|
6. MOVEMENT IN FUNDS
| Net | |||
|---|---|---|---|
| movement in | |||
| At 1.8.2019 | funds | At 31.7.2021 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Staff contributions | 300 | 0 | 300 |
| Donations | 0 | 0 | 0 |
| 300 | 0 | 300 | |
| Restricted funds | |||
| Reykjavik City Council | 2,864 | (3,725) | (861) |
| Red Bridge Council | 7,014 | (5,785) | 1,229 |
| 9,878 | (9,510) | 368 | |
| TOTAL FUNDS | 10,178 | **(9,510) ** | 668 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources |
Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Donations | 4,838 | (4,838) | 0 |
| 4,838 | (4,838) | 0 | |
| Restricted funds | |||
| Reykjavik City Council | 23,507 | (27,232) | (3,725) |
| Red Bridge Council | 49,500 | (55,285) |
(5,785) |
| 73,007 | (82,517) | (9,510) | |
| TOTAL FUNDS | 77,845 | (87,355) | (9,510) |
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