2024-03-31-accounts - Kent Afghan Community

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REGISTERED CHARITY NUMBER: 1139386

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kent Afghan Community

Contents of the Financial

Statements for the Year Ended 31 March 2024

	Page
Report of the Trustees	1 to 3
Independent Examiner's Report	4
Statement of Financial Actvites	5
Statement of Financial Positon	6
Notes to the Financial Statements	7 to 11
Detailed Statement of Financial Actvites	12

Kent Afghan Community

Report of the Trustees

for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The primary objects of the charity set out in its governing document are:

the advancement of the Islamic religion in Kent for the public benefit;
the advancement of education, including but not limited to Islamic education; and
to promote for the benefit of the inhabitants of Kent the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their age, disablement, financial hardship or social and economic circumstances and with the object of improving the condition of life of the said inhabitants.

Significant activities

During the year the charity has further enhanced its facilities at its Rochester premises.

The charity continues to run classes in Maidstone once a week on Sunday on such subjects as English, Farsi, cultural aspects and the Qur'an.

Celebrations are held for religious festivals such as all the Islamic holidays including New Year, Ashura and Eid days.

Public benefit

In accordance with section 17(5) of the Charities Act 2011, the trustees have had due regard to the guidance published by the Charity Commission on the requirement that the objectives and work undertaken by the charity are in line with charitable objects and do provide benefit for the public.

The charity's aim is to provide facilities and classes for the Afghan community living in Kent. Having our own premises has enabled us to better maintain contact amongst and be a focal point for the community, both to retain their cultural and religious identity but also to provide a mechanism for the community to understand the local culture.

FINANCIAL REVIEW Financial position

The results for the year are set out on page 5.The charity has received donations of £29,087, an increase from last year. With an expenditure of £34,524.

Reserves policy

The charity purchased a freehold property in 2014 with the aid of a bank loan repayable over 15 years. Generous donations enabled the Charity to be able to repay the loan in full within 2 years.

Since the loan has been repaid, this trustees have been considering what level of reserves are required for the future. So far this has not been determined.

Free reserves could be taken to be the net current assets available, which total £127,573.

Page 1

Kent Afghan Community

Report of the Trustees

for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is an unincorporated association governed by its constitution dated 30 November 2010.

Recruitment and appointment of new trustees

There must be at least three trustees. The trustees of the charity are appointed for a term of three years by a resolution of the trustees passed at a special meeting of which 21 days notice is required.

In considering who to appoint as trustee, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Risk management

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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1139386

Principal address

Kent Iman Ali Centre Cossack Street Rochester Kent ME1 2EF

Trustees

M A Tawasooli H G Ghas'emi A Mirzad

Page 2

Kent Afghan Community

Report of the Trustees for the Year Ended 31 March 2024

Bankers

Barclays Bank plc 40-46 High Street Maidstone Kent ME1 2EF

Approved by order of the board of trustees on 16 September 2024 and signed on its behalf by:

M A Tawasooli - Trustee

Page 3

Independent Examiner's Report to the Trustees of Kent Afghan Community

Independent examiner's report to the trustees of Kent Afghan Community

I report to the charity trustees on my examination of the accounts of Kent Afghan Community (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nazir Moradi Accountant4every1 22 Yarburght street Manchester M16 7FJ

18 September 2024

Page 4

Kent Afghan Community

Statement of Financial Actvites for the Year Ended 31 March 2024 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donatons and legacies 2 29,087 EXPENDITURE ON Charitable actvites3 (34,524) NET INCOME/LOSS (5,437) RECONCILIATION OF FUNDS Total funds brought forward 438,753 TOTAL FUNDS CARRIED FORWARD 433,716 Operatng actvites 34,524	2023 Total funds £ 24,687 (23,503) 1,054 437,569 438,753 23,503

Kent Afghan Community

Statement of Financial Position 31 March 2024

		2024	2023
		Unrestricted	Total
		fund	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	7	307,143	322,839
CURRENT ASSETS
Cash at bank		190,966	165,110
CREDITORS
Amounts falling due within one year		(64,393)	(49,196)
NET CURRENT ASSETS		127,573	115,914
TOTAL ASSETS LESS CURRENT LIABILITIES		433,716	438,753
NET ASSETS		433,716	438,753
FUNDS	8
Unrestricted funds		433,716	438,753
TOTAL FUNDS		433,716	438,753

TOTAL FUNDS

The financial statements were approved by the Board of Trustees and authorised for issue on 16 September 2024 and were signed on its behalf by:

M A Tawasooli - Trustee

Kent Afghan Community

Notes to the Financial Statements

for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

Voluntary income and donations are accounted for as received by the charity. Other 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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property	- 2% on cost
Fixtures and ftngs	- 25% on cost
Fund accountng

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Financial instruments

The charity enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks and other third parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the statement of financial activities.

2. CHARITABLE ACTIVITIES COSTS

Direct
Costs (see	Support
note 3)	costs	Totals
£	£	£

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Kent Afghan Community

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

Operatng actvites DIRECT COSTS OF CHARITABLE ACTIVITIES Community Centre Dues & Subscriptons Educaton & Training Insurance Ofce Supplies Repairs and renewals Rates and water Electricity and gas Depreciaton of tangible fxed assets	34,124		400 2024 £ 2,040 31 1,000 1,359 1,117 2,197 0 10,511 15,869 34,124		34,524 2023 £ - 25 1,283 1,294 1,533 0 103 5,812 13,453 23,503

3. DIRECT COSTS OF CHARITABLE ACTIVITIES

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2019.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestrictd
	fund £
INCOME AND ENDOWMENTS FROM
Donatons and legacies	24,687
EXPENDITURE ON
Charitable actvites
Operatng actvites	23,503

Page 8

Kent Afghan Community

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

	NET INCOME			1,184	1,184
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted
				fund
				£
7.	RECONCILIATION OF FUNDS
	Total funds brought forward			437,569
	TOTAL FUNDS CARRIED FORWARD			438,753
	TANGIBLE FIXED ASSETS
			Fixtures
		Freehold	and
		property	fittings	Totals
		£	£	£
	COST
	At 1 April 2023	355,174	34,891	390,065	390,065
	Additions	-	173	173
	Disposals	-	-		-
	At 31 March 2024	355,174	35,064	390,238	390,238
	DEPRECIATION
	At 1 April 2023	41,955	25,271	67,226
	Charge for year	7,103	8,766	15,869
	Eliminated on disposal	-	-		-
	At 31 March 2024	49,058	34,037	83,095
	NET BOOK VALUE
	At 31 March 2024	306,116	1,027	307,143	307,143
	At 31 March 2023	313,219	9,620	322,839	322,839

Page 9

Kent Afghan Community

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

8. MOVEMENT IN FUNDS

			Net movement	At
		At 1.4.23	in funds	31.3.24
		£	£	£
	Unrestricted funds
	General fund	438,753	(5,037)	433,716
	TOTAL FUNDS	438,753	(5,037)	433,716
	Net movement in funds, included in the above are as follows:
		Incoming		Movement
		resources	Resources expended	in funds
		£	£	£
	Unrestricted funds
	General fund	29,087	(34,124)	(5,037)
	TOTAL FUNDS	29,087	(34,124)	(5,037)
	Comparatives for movement in funds
			Net	At
		At 1.4.22	movement in	31.3.23
		£	funds	£
	Unrestricted funds		£
	General fund	437,569		438,753
			1,184
	TOTAL FUNDS	437,569	1,184	438,753
9.	MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

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Kent Afghan Community

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	24,687	(23,503)	1,184
	TOTAL FUNDS	24,687	(23,503)	1,184
10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 11

	Kent Afghan Community
	Detailed Statement of Financial Actvites
	for the Year Ended 31 March 2024
		2024	2023
		£	£
INCOME AND ENDOWMENTS
Donatons and legacies
Donatons		29,087	24,687
Total incoming resources
EXPENDITURE
Charitable actvites
Community Centre		2,040	-
Dues & Subscriptons		31	25
Educaton & Training		1,000	1,283
Insurance		1,359	1,294
Ofce Supplies		1,117	1,533
Repairs and renewals		2,197	0
Rates and water		0	103
Electricity and gas		10,511	5,812
Depreciaton of tangible fxed assets		15,869	13,453
		34,124	23,503
Support costs
Governance costs
Accountancy		400	130
Total resources expended		34,524	23,633
Net income/Loss		(5,437)	1,054

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Kent Afghan Community

This page does not form part of the statutory financial statements

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