ALABRAR FOUNDATION
Accounts & Trustees Reports
For the year ended 21 July 2023
ALABRAR FOUNDATION
Contents
For the year ended 21 July 2023
| Page | |
|---|---|
| Legal and administrative information | 3 |
| Trustees’ report | 4-5 |
| Independent examiner’s report | 6-7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10-13 |
Page | 2
ALABRAR FOUNDATION
Legal and Administrative Information
For the year ended 21 July 2023
Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1140458
Registered Office & Business Address: Alabrar Foundation 226 Seven Sisters Road London N4 3GG Trustees Mr Mohamoud Mohamed Ahmed - Chairman Mr Mohammed Dahir Sheikh - Secretary Mr Yusuf Abdi - Trustee Mr Abdurazak Sherif Mohamed - Trustee Mr Abdirizak Sharif - Treasurer
Accountants:
E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX
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ALABRAR FOUNDATION Trustees’ Report
For the year ended 21 July 2023
Summary of Aims and Objectives of AL-ABRAR FOUNDATION:
AL-ABRAR FOUNDATION is pleased to present its Annual Financial Report for the year ending 21 July 2023. This report aims to provide a comprehensive overview of the organization's financial activities, including income, expenses, assets, and liabilities. As trustees, we are committed to ensuring transparency, accountability, and responsible management of the charity's resources.
The charity’s main aims and objectives are:
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Encourage greater community cohesion, by delivering programmes of work to break down barriers between different social groups, to challenge preconceptions and contribute to community safety.
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Support the development of children and young people in Finsbury Park and adjoining areas of the London Borough of Islington under the age of 25 and their families. To act as a hub within the local community to encourage young people to engage in positive activities, offering formal and informal educational opportunities.
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To help young people to grow both as individuals and as members of the society.
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Support the wider community of Finsbury Park and adjoining areas of the London Borough of Islington, to provide engagement and support activities for all ages ranging from social inclusion activities to formal and informal educational sessions.
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Tackle youth related anti-social behaviours by engaging young people in centre based as well as off-site programmes of work through outreach and
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detached youth work.
Funding Sources : The funds necessary to support the charitable activities of AL-ABRAR FOUNDATION were derived from the following sources:
- a. Donations and Grants: We are immensely grateful for the generous support of individuals, organizations, and grant-giving bodies who contributed to our cause.
Donations and grants played a vital role in enabling us to fund our projects and initiatives.
- b. Throughout the year, AL-ABRAR FOUNDATION organised various fundraising events, such as charity bazaar, online campaigns etc. These events not only helped raise essential funds but also increased public awareness about our mission.
This Financial Year’s Main Achievements For The Charity
Our Current & Future Plans:
AL-ABRAR FOUNDATION has started new projects aimed at improving the lives of the local communities in their different age groups with particular focus to the needs of each category.
At the community centre which opened end of 2021, ALABRAR FOUNDATION runs a number of community programmes and projects. Some of these projects are done in partnership with other local charities.
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1. Community Advice & Guidance:
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Family Welfare
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Translation services
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Help with application forms and emails
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Signposting and referral services
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Cultural awareness
2. Youth Programmes:
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Career Advice
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Mentoring Sessions
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Recreational Activities
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Academic support facilities
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Youth club
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Promoting emotional wellbeing
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Mental Health Sessions
3. Mental Health For All
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Women’s Programmes
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Dads Club
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Seniors Socialisation Club (Tea and Conversation)
4. Community Media Studio
AL-ABRAR FOUNDATION in partnership with Galbur Foundation and Rafiki Wema inaugurated a community media studio. The studio was officially opened with ribbon cutting by one of the local councillors from the London Borough of Islington. This studio is to serve as a platform for the community’s media needs.
5. Digital Awareness Courses:
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Because of its paramount importance for the disadvantaged communities, AL-ABRAR FOUNDATION partnering with Rafiki Wema launched digital awareness project.
This project is aimed at enabling the disadvantaged communities to have access to information available in the vast repository of knowledge and information in the digital world be they educational resources, health information, government schemes, job opportunities, and various other services that uplift their quality of life.
This is hoped to lead to:
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Economic empowerment,
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Social inclusion,
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Access to services,
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Education and skill development,
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Digital advocacy, safety and security,
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Government services and welfare,
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Empowerment and self-expression
In summary, digital awareness is a key enabler of social, economic and educational opportunities for disadvantaged communities. It empowers them to overcome barriers, participate actively in society, and improve their overall well-being.
Acknowledgement & Recognition:
AL-ABRAR FOUNDATION is hereby pleased to state that none of these achievements could have been possible without:
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The generous, charitable giving of our donors who regularly donated, either through standing orders or at charity fundraising events, towards the charitable work that ALABRAR is engaged in.
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Our wonderful volunteers who are always ever-ready to take their part in volunteering for AL-ABRAR FOUNDATION in fundraising events, distribution of fliers, reaching out to potential donors etc. The opening of this community centre could have not possible without the full support of and great efforts put in by our dedicated volunteers.
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- Last but not least, the backing and motivation of the community at large who always attend the charity’s events.
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ALABRAR FOUNDATION
Independent examiner’s report
For the year ended 21 July 2023
Report of the Independent Examiner to the trustees on the accounts for the year ended 21 July 2023.
Respective responsibilities of trustees and examiner
We report on the financial statements of the of the charity on pages 6 to 7 for the year ended 1 April 2019 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 as modified in June 2008. (The SORP), under the historical cost convention and the accounting policies set out 8 to 9.
Having satisfied myself that the charity is not subject to audit under charity law, or otherwise, and is eligible for independent examination, it is my responsibility to:-
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a) Examine the accounts under section 145 of the Act;
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b) 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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c) To state whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of the Act) in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters.
The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, I can confirm that:
No matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements
(i) to keep accounting records in accordance with section 145 of the Charities Act 2011; (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 145 of the Charities Act 2011and;
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(iii) That the financial statements are prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities have not been met;
E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX
28 July 2023
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ALABRAR FOUNDATION
Statement of Financial Activities for the Year Ended 21 July 2023
| Notes Incoming Resources 2 Total Expenses Charitable & Legal Activities 3 Total Expenses Surplus /(deficit) for the period Surplus /(deficit) brought forward Funds as at 21 July 2023 |
Unrestricted Restricted 2023 2022 £ £ £ £ Total Total 57,724 57,724 26,661 |
|---|---|
| 57,724 - 57,724 26,661 |
|
| (62,663) (64,748) |
|
| (62,663) (64,748) |
|
| (4,939) (38,087) 17,418 55,505 |
|
| - - 12,479 17,418 |
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ALABRAR FOUNDATION
| Balance Sheet as at Notes Fixed assets Tangible assets 7 Current assets Cash at bank and in hand 12,479 12,479 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account 19 Charity funds |
Balance Sheet as at Notes Fixed assets Tangible assets 7 Current assets Cash at bank and in hand 12,479 12,479 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account 19 Charity funds |
21 July 2023 2023 £ - 17,418 17,418 12,479 12,479 12,479 12,479 12,479 |
21 July 2023 2023 £ - 17,418 17,418 12,479 12,479 12,479 12,479 12,479 |
2022 £ - 17,418 |
|---|---|---|---|---|
| 12,479 | 17,418 | |||
| 17,418 | ||||
| 17,418 | ||||
| 17,418 | ||||
| 17,418 |
The statement of financial activities as set out on page 8 for the financial year ending 21 July 2023, and the statement of the assets and liabilities as set out on this page are as approved by the trustees on 27 July 2023.
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Chair
Mr Mohamoud Mohamed Ahmed
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ALABRAR FOUNDATION
Notes to the Accounts for the year ended 21 July 2023
1 Basis of preparation
The accounts have been prepared under the historical cost convention and have been prepared in accordance with Statement of Recommended Practice (SORP2015), "Accounting and Reporting by Charities" and applicable accounting standards.
2 Accounting policies
A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.
- 2.1 Income and Expenses
All income and expenses are accounted for on accrual basis.
2.2 Fund Accounting
General funds are available for use at the discretion of the trustees in the furtherance of the general objectivities of the charity.
Restricted funds are funds subject to specific restrictive conditions imposed by donors.
- 2.3 Tangible fixed assets & Depreciation
Tangible fixed assets are stated at cost
Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.
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ALABRAR FOUNDATION
Notes to the Accounts for the year ended 21 July 2023
2. Grants & Donations
| Gifts & Donations Rent Receivable Restricted Funds Sales |
2023 £ £ £ Unrestricted Restricted Total 16,544 16,544 37,572 37,572 3,523 3,523 85 85 54,201 3,523 57,724 |
2022 £ Total 26,661 |
|---|---|---|
| 26,661 |
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ALABRAR FOUNDATION
Notes to the Accounts for the year ended 21 July 2023
| 3 Direct Charitable expenses Cost of sales Purchases Administrative expenses Employee costs: Staff renumeration Premises costs: Rent Light and heat Travel and refreshments General administrative expenses: Telephone and Broadband Orphanage assistance Stationery and printing Security System Community café Office equipment Youth services Accessories Education Support Operational expenses Lighting & Fixtures Health assistance Drought Relief Families in need Project expenses Legal and professional costs: Solicitors fees Total Expenses |
2023 2022 £ £ £ £ Restricted Unrestricted Total Total 1,220 1,220 - |
|---|---|
| - 1,220 1,220 - |
|
| 15,405 15,405 3,242 |
|
| - 15,405 15,405 3,242 |
|
| 35,700 35,700 23,685 4,018 4,018 1,930 661 661 - |
|
| - 40,379 40,379 25,615 |
|
| 995 995 - 2,428 2,428 3,894 - - 1,685 - - 1,500 - - 4,271 1,330 1,330 10,625 - - 1,190 82 82 - 130 130 177 - - 1,550 - - 1,100 80 80 - - - 3,698 134 134 2,866 480 480 2,135 |
|
| - 5,659 5,659 34,691 |
|
| - - 1,200 |
|
| - - - 1,200 |
|
| - 62,663 62,663 64,748 |
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ALABRAR FOUNDATION
Notes to the Accounts for the year ended 21 July 2023
7 Tangible fixed assets
| Cost At 22 July 2022 Additions Surplus on revaluation Disposals At 21 July 2023 Depreciation At 22 July 2022 Charge for the year Surplus on revaluation On disposals At 21 July 2023 Net book value At 21 July 2023 At 21 July 2022 |
Land and buildings £ - - - - - - - - - - - - |
Plant and machinery etc £ - - - - - - - - - - - - |
Motor vehicles £ - - - - - - - - - - - - |
Total £ - - - - |
|---|---|---|---|---|
| - | ||||
| - - - - |
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| - | ||||
| - | ||||
| - |
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