2024-07-21-accounts

ALABRAR FOUNDATION

Accounts & Trustees Reports

For the year ended 21 July 2024

ALABRAR FOUNDATION

Contents

For the year ended 21 July 2024

	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

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ALABRAR FOUNDATION

Legal and Administrative Information

For the year ended 21 July 2024

Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1140458 Registered Office & Business Address: Al-Abrar Foundation Units F1 & F13 – F15 89/93 Fonthill Road London N4 3JH 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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For the year ended 21 July 2024

ALABRAR FOUNDATION

Trustees’ Report

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 2024. 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:

• 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.

• 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.

• To help young people to grow both as individuals and as members of the society.

• 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.

• Tackle youth related anti-social behaviours by engaging young people in centre based as well as off-site programmes of work through outreach and detached youth work.

Funding Sources : The funds necessary to support the charitable activities of AL-ABRAR FOUNDATION were derived from the followin sources: g

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• 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, AL-ABRAR FOUNDATION runs a number of community programmes and projects. Some of these projects are done in partnership with other local charities.

1. Community Advice & Guidance:

2. Family Welfare

3. Translation services

4. Help with application forms and emails

5. Signposting and referral services

6. Cultural awareness

7. Youth Programmes:

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• Career Advice

• Mentoring Sessions

• Recreational Activities

• Academic support facilities

• Youth club

• Promoting emotional wellbeing

• Mental Health Sessions

3. Mental Health For All

• Women’s Programmes

• Dads Club

• Seniors Socialisation Club (Tea and Conversation)

4. Digital Awareness Courses:

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:

• Economic empowerment,

• Social inclusion,

• Access to services,

• Education and skill development,

• Digital advocacy, safety and security,

• Government services and welfare,

• Em owerment and self-ex ression p p

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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-bein . g

Acknowledgement & Recognition:

AL-ABRAR FOUNDATION is hereby pleased to state that none of these achievements could have been possible without:

• The generous, charitable giving of our donors who regularly donated, either through standing orders or at charity fundraising events, towards the charitable work that AL-ABRAR is engaged in.

• 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.

• Last but not least, the backing and motivation of the community at lar e who alwa s attend the charit ’s events. g y y

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ALABRAR FOUNDATION

Independent examiner’s report

For the year ended 21 July 2024

Report of the Independent Examiner to the trustees on the accounts for the year ended 21 July 2024.

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:-

• a) Examine the accounts under section 145 of the Act;

• 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;

• 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 2024

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ALABRAR FOUNDATION

Statement of Financial Activities for the Year Ended 21 July 2024

Notes Incoming Resources 2 Cost of sales Gross profit Total Expenses Charitable & Legal Activities 3 Total Expenses Surplus /(deficit) for the period Surplus /(deficit) brought forward Funds as at 21 July 2024	Unrestricted Restricted 2024 2023 £ £ £ £ Total Total 56,704 56,704 57,724 - (1,220)
	56,704 - 56,704 56,504
	56,704 - 56,704 56,504
	(60,479) (61,443)
	(60,479) (61,443)
	(3,775) (4,939) 12,479 17,418
	- - 8,704 12,479

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ALABRAR FOUNDATION

Balance Sheet as at Notes Fixed assets Tangible assets 7 Current assets Cash at bank and in hand 8,704 8,704 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 8,704 8,704 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account 19 Charity funds	21 July 2024 2024 £ - 12,479 12,479 8,704 8,704 8,704 8,704 8,704	21 July 2024 2024 £ - 12,479 12,479 8,704 8,704 8,704 8,704 8,704	2023 £ - 12,479
	8,704		12,479
				12,479
				12,479
				12,479
				12,479

The statement of financial activities as set out on page 8 for the financial year ending 21 July 2024, and the statement of the assets and liabilities as set out on this page are as approved by the trustees on 27 July 2024.

--------------------------Chair

Mr Mohamoud Mohamed Ahmed

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ALABRAR FOUNDATION

Notes to the Accounts for the year ended 21 July 2024

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 2024

2. Grants & Donations

Gifts & Donations Rent Receivable Sales	2024 £ £ £ Unrestricted Restricted Total 11,224 11,224 44,900 44,900 580 580 56,704 0 56,704	2023 £ Total 57,724
		57,724

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ALABRAR FOUNDATION

Notes to the Accounts for the year ended 21 July 2024

				2024	2023
		£	£	£	£
3	Direct Charitable expenses	Restricted	Unrestricted	Total	Total
	Cost of sales
	Purchases		395	395	1,220
		-	395	395	1,220
	Administrative expenses
	Employee costs:
	Staff renumeration		17,206	17,206	15,405
	Volunteer Expenses		387	387	-
	Travel and subsistence	-	60	60	-
		-	17,653	17,653	15,405
	Premises costs:
	Rent		35,700	35,700	35,700
	Light and heat		2,311	2,311	4,018
	Travel and refreshments		-	-	661
		-	38,011	38,011	40,379
	General administrative
	expenses:
	Telephone and
	Broadband		994	994	995
	Orphanage assistance		836	836	2,428
	Web design & digital expenses		771	771	-
	Publicity Fee		100	100	-
	Office equipment		-	-	1,330
	Accessories		-	-	82
	Education Support		-	-	130
	Insurance		474	474	-
	Bank charges		85	85	-
	Health assistance		-	-	80
	Families in need		-	-	134
	Subtenant Refund		600	600	-
	Events and project
	expenses		310	310	480
		-	4,170	4,170	5,659
	Legal and professional costs:
	Accountancy fees		250	250	-
	Total Expenses	-	60,479	60,479	62,663

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ALABRAR FOUNDATION

Notes to the Accounts for the year ended 21 July 2024

4 Tangible fixed assets

Cost At 22 July 2023 Additions Surplus on revaluation Disposals At 21 July 2024 Depreciation At 22 July 2023 Charge for the year Surplus on revaluation On disposals At 21 July 2024 Net book value At 21 July 2024 At 21 July 2023	Land and buildings £ - - - - - - - - - - - -	Plant and machinery etc £ - - - - - - - - - - - -	Motor vehicles £ - - - - - - - - - - - -	Total £ - - - -
				-
				- - - -
				-
				-
				-

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