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2022-03-30-accounts

Charity number: 1133445

Social Organisation for Unity & Leisure

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31/03/2022

Prepared By: Layne Osborne 9 West Street Southend on Sea Essex SS2 6HH

Social Organisation for Unity & Leisure

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2022

TRUSTEES

Shahaveer Hussain Resigned 9[th] January 2022 Shamim Miah Mohammed Hussain Ahmed Shipon Miah Riaj Uddin Resigned 9[th] January 2022 Jamil Trofder Appointed 9[th] January 2022 Tomas Tadese Appointed 9[th] January 2022 Tamanna Begum Appointed 9th January 2022

SECRETARY

Jamil Trofder

REGISTERED OFFICE

31 Pepper Street London E1 9RP

CHARITY NUMBER

1133445

ACCOUNTANTS

Layne Osborne 9 West Street Southend on Sea Essex SS2 6HH

page 1

Social Organisation for Unity & Leisure

ACCOUNTS FOR THE YEAR ENDED 31/03/2022

CONTENTS

Page
Report of the Trustees 3 - 4
Independent Examiner's Statement 5 - 6
Accountant's Report
7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts
10 - 11
Detailed Statement of Financial Activities 12 - 13

page 2

Social Organisation for Unity & Leisure

TRUSTEES' REPORT FOR THE YEAR ENDED 31/03/2022

The trustees present their report and accounts for the year ended 31/03/2022

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was Charitable Activities .

To act as a resource for young people up to the age of 21 living in Tower Hamlets by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:

It has been an extremely busy year supporting people during the pandemic and as we transition out back to the normal, as we know it. This change has been a recovery period for many in our communities, trying to get back to the normal way of life, facing many challenges in the process.

Our projects with the young people have been fulfilling, and during school holidays, we organised events and activities to keep young people active and fit. The summer of 2021 witnessed our biggest ever project. Partnering with Tower Hamlets Council Holiday Activities fund. Over 100 young people attending the events and activities we laid on.

Throughout the covid period, we worked with local stakeholders. Providing foodbank service for people in the community. The funding from the National Lottery helped with this project. During this time, we also ran the Mother and Baby project, weekly foodbank, support with schools foodbanks, and the Holiday Hunger Project. In total we supported around a 100 family’s a week during covid.

We have continued with our weekly football project for young people, and organised football teams for young adults during the summer of 2021. This is one of our most popular activities for our young members.

The main achievements for the year 2021-2022 was our covid response project, and we are very much proud of the fact that we as an organisation stepped in to support our community during its time of need. In addition to supporting around 100 families a week. We supported families with essential white goods, over 20 families took advantage of this project, which was run in partnership with BBC children in Need. The mother and baby project, which supported new mothers with products and items needed on a monthly basis, helped over 40 new mothers in Tower Hamlets.

We helped over 100 young people between the ages of 17 and 26 with job applications and interview process as part of our Strive Up Project. The intention being to gain temporary jobs with Census 2021. 60 of these young people were successful in securing a paid role for the Office of National Statistics.

We are proud of our achievements so far but continuously strive to achieve and deliver more so we have a vibrant and healthy community.

page 3

Social Organisation for Unity & Leisure

STRUCTURE GOVERNANCE AND MANAGEMENT

The Management Committee comprises of 6 members:

Shipon Miah - Chair Person

Mohammed Hussain Ahmed - Treasurer

Jamil Trofder – Secretary

Shamim Miah – Trustee

Tamanna Begum - Trustee

Tomas Tadese – Trustee

Committee meetings are held quarterly to discusses the strategic, operational and financial matters. Subcommittee meetings are held in accordance with operation needs.

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on 21/12/2022

………………………………………………

Shipon Miah Chair Person

page 4

Social Organisation for Unity & Leisure

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 31/03/2022

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIAL ORGANISATION FOR UNITY & LEISURE

I report on the accounts of the company for the year ended 31/03/2022 .

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of .

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 any unusual items or disclosures in the accounts, and seeking explanations from you as 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.

page 5

Social Organisation for Unity & Leisure

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 31/03/2022

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

...................................................

Date: 21/12/2022

Layne Osborne 9 West Street Southend on Sea Essex SS2 6HH

page 6

Social Organisation for Unity & Leisure

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF SOCIAL ORGANISATION FOR UNITY & LEISURE, FOR THE YEAR ENDED 31/03/2022

In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Social Organisation for Unity & Leisure for the year ended 31/03/2022 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.

As a practising member of the , we are subject to its ethical and other professional requirements which are detailed on their website.

This report is made solely to the Board of Directors of Social Organisation for Unity & Leisure, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Social Organisation for Unity & Leisure and state those matters that we have agreed to state to the Board of Directors of Social Organisation for Unity & Leisure, as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Social Organisation for Unity & Leisure and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Social Organisation for Unity & Leisure has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Social Organisation for Unity & Leisure. You consider that Social Organisation for Unity & Leisure is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Social Organisation for Unity & Leisure. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Layne Osborne 9 West Street Southend on Sea Essex SS2 6HH

page 7

Social Organisation for Unity & Leisure

Statement of Financial Activities for the year ended 31/03/2022





Income
Income from charitable activities
Total Income and endowments
Expenses
Costs of generating funds
Expenditure on Charitable activities
Total Expenses
Net gains on investments
Net Income

Gains/(losses) on revaluation of fixed assests
Net movement in funds:
Net income for the year
Total funds brought forward
Net funds carried forward		 Unrestricted
funds

£
4,371
4,371
-
-
4,371
4,371
196
4,567		 Restricted
funds
£
177,216
177,216
176,079
176,079
1,137
1,137
460
1,597		 2022
Total
£
181,587
181,587
176,079
176,079
5,508
5,508
656
6,164		 2021
Total
£
58,564
58,564
58,104
58,104
460
460
196
656

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

page 8

Social Organisation for Unity & Leisure

BALANCE SHEET AT 31/03/2022


Notes

CURRENT ASSETS
Cash at bank and in hand


CREDITORS: Amounts falling due within one year
3

NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES

CAPITAL AND RESERVES
Unrestricted funds
5
Designated funds
Restricted funds
6
55,871
55,871
49,706		 2022
£






6,165
6,165

4,567
1,598
6,165		 39,968
39,968
39,312		 2021
£



656
656
196
460
656

For the year ending 31/03/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of trustees on 21/12/2022 and signed on their behalf by

.............................

Shipon Miah

Chair Person

.............................

Mohammed Hussain Ahmed Treasurer

page 9

Social Organisation for Unity & Leisure

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2022

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. 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.

1c. 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.

1d. Allocation And Apportionment Of Costs

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e. 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.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

1f. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

2. EMPLOYEES


2022		 2021

No.		 No.
Average number of employees 3
 2

page 10

Social Organisation for Unity & Leisure

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

Accruals & Creditors
Deferred Grants & Income
 2022
£
4,700
45,006
49,706		 2021
£
1,312
38,000
39,312

4. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £2, to the company should it be wound up. At 31/03/2022 there were 6 members.

5. UNRESTRICTED FUNDS




 Brought
forward

£
196
196		 Incoming
resources

£
4,371
4,371		 Outgoing
resources

£
-
-		 Transfers
£
-
-		 Carried
forward
£
4,567
4,567

6. RESTRICTED FUNDS

Restricted Funds



Brought
forward

£
460
460		 Incoming
resources

£
177,217
177,217		 Outgoing
resources

£
(176,079)
(176,079)		 Transfers
£
-
-		 Carried
forward
£
1,598
1,598

Restricted Funds Restricted Funds

page 11

Social Organisation for Unity & Leisure

Incoming Resources
for the year ended 31/03/2022


Incoming resources
Incoming resources from generated funds
Charitable Activity
Jack Petchey
London Youth
Tower Hamlets Homes
Street Games
The Church Urban
The Neighbourly Foundation
East End Community Foundation
Young Foundation
Awards fo All
Canary Wharf
Ground Work
Tower Hamlets MSG
UK Care for Children
LCY Community Fund
Human Relief Foundation
Leather Sellers
Malmesbury Residence
Atalian Servest
Woodward Trust
Arnold Clark Auto's
One Housing Group
Admiral Quay (Rockwell)
Other
London Tea

 5,700
5,700
-
312
-
400
5,933
3,760
-
1,000
2,000
121,722
4,200
3,000
1,600
1,450
2,880
1,000
1,000
1,000
9,500
4,500
200
360

 2022
£










177,216
177,216		 500
1,800
4,000
4,057
2,000
5,400
7,500
1,209
9,990
3,750
4,500
-
-
-
-
-
-
-
-
-
-
-
-

 2021
£
44,706
44,706

page 12

Social Organisation for Unity & Leisure

Expenses
for the year ended 31/03/2022


Expenses
Costs of generating funds
Charitable Activities
Youth Activities - Sessional Work
Administrative Costs
Youth Activities - Sports Equipment
Youth Activities - IT Equipment
Youth Activities
Youth Activities - Subsistence
Advertising & Promotion
Youth Activities - Voluntary Expenses
Youth Activities - Covid Support
Insurance
Rent & rates
Repairs and renewals
Salaries & Wages
Accountancy fees
Stationery & office supplies
Telephone
Subscriptions
Sundry expenses
 2022
£
46,045

-

8,253
-
26,119
3,543
510
1,568
20,950
567
2,100
9,254
53,345
1,200
1,524
377
251
473
176,079
 2021
£
10,423
17,674
5,958
7,677
8,699
768
910
-
-
362
3,481
-
-
950
729
193
-
280
58,104

page 13