Registered Charity Number 1142204
Kowneyn Education and Cultural Centre
Report and Accounts
For The Year Ended 31st March 2022
Report and Accounts
Kowneyn Education and Cultural Centre
The report of the trustees for the year ended 31 March 2022
Introduction
The trustees present their annual report and accounts for the year ended 31st March 2020
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st March 2020 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The Full name of the charity is: Kowneyn Education and Cultural Centre
Date of formation 02 June 2011 The Principal Office is THE GARRISON CENTRE 106 GARRISON LANE BIRMINGHAM B9 4BS Charity Registration Number 1142204 The telephone number is 07947435156
A summary of the objects of the charity as set out in its governing document.
The trustees shall hold the trust funds and its income upon trust to apply them for the following objects (the objects) for any charitable purposes for the benefit of the community in Bordesley green in the city of Birmingham (the area of benefit),and in particular the advancement of the Islamic religion primarily but not exclusively, and any other charitable purposes which the trustees from time to time determine are suitable to be pursued in connection with such advancement including the relief of poverty and sickness, the promotion of education and the provision in the interests of social welfare of recreational facilities.
Structure, Governance and Management
Nature of The charitable trust consisted by deeds (“the charity “) and its property (“the trust the fund”) shall be administered and managed by the trustees under the name of Kowneyn Governing Education and Cultural Centre or by such other name as the trustees. Document and from time to time decide with the approval of the Charity commission of England and constitution Wales (“The Commission”). of the charity The trustees shall hold the trust funds and its income upon trust to apply them for
following objects (“The Objects “): The trustees shall hold the trust funds and its income upon trust to apply them for the following objects (the objects) for any charitable purposes for the benefit of the community in Bordesley green in the city of Birmingham (the area of benefit),and in particular the advancement of the Islamic religion primarily but not exclusively, and any other charitable purposes which the trustees from time to time determine are suitable to be pursued
Financial Review
The financial statements have been prepared implementing the 2005 Revision of the Transactions Statement of Recommended Practice for Accounting and Reporting by Charities issued and by the Charity Commission for England and Wales (effective April 2005) and in accordance with the Financial Reporting Standard for Smaller Entities ( effective Financial January 2007) .As stated in the introduction to this report, the trustees consider the position financial performance by the charity during the year to have been satisfactory.
The members of the Board of Trustees of the Charity during the year ended
31st Mr Mohamud salah March Mr Asli Hassa Mahamed 2022 Mr Abdulmajid Mohamed Hersi were :- Mr Hassan Abdirizak Mr Hussen Abdillah Osman
At the Annual General Meeting 13 January 2023
Statement of Trustees' Responsibilities
Charity Law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
-
select suitable accounting policies and then apply them consistently.
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in business.
- state whether applicable accounting standards and statements of
The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Kowneyn Education and Cultural Centre
Independent Examiner's Report to the members of the charity
Report of the Independent Examiner to the trustees
on the accounts of the Charity for the year ended 31.03.2022
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. Consequently, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to: -
a) examine the accounts under section 43 of the Act.
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, and.
c) to state whether matters have come to my attention.
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales 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 Basis of opinion and scope of work systems employed by the Charity and a comparison of the financial statements presented with those records. undertaken 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 Statement of Recommended Practice issued by the Charity Commissioners for England & Wales ( effective April 2008 ), on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
Accountants The professional qualifications of the examiner are: - Mr M.Jibrill Tel: 0121 270 3966 Fax: 0121 247 5366 info@starlinkaccountants.co.uk www.starlinkaccountants.co.uk Starlink Accountants 26 Grange Road, Small Heath Birmingham B10 9QN The date upon which my opinion is expressed is: - 27 April 2023
Kowneyn Education and Cultural Centre Statement of Financial Activities for the year ended 31 March 2022
| Total | ||||
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| Notes | 2022 | 2022 |
2022 |
2021 |
| £ | £ |
£ |
£ |
|
| Incoming resources | ||||
| Incoming resources from | ||||
| generated funds | ||||
| Activities for generating funds | 36,159 | - |
36,159 |
37,219 |
| Other Incoming Resources | - | - |
- |
10,000 |
| Total incoming resources | 36,159 | - |
36,159 | 47,219 |
| Costs of charitable activities | 39,746 | - |
39,746 | 42,021 |
| Total resources expended | 39,746 | - |
39,746 | 42,021 |
| (Net outgoing resources)/net incoming resources | ||||
| before transfers between funds | (3,587) | - | (3,587) |
5,198 |
| (Net outgoing resources)/net incoming resources before | ||||
| Other recognised gains and | ||||
| losses | (3,587) | - | (3,587) |
5,198 |
| Other recognised gains and | ||||
| losses | ||||
| Net movement in funds | (3,587) | - | (3,587) |
5,198 |
| Reconciliation of funds | ||||
| Total funds brought forward | - | 145,284 | 145,284 | 145,284 |
| Total Funds carried forward | (3,587) | 145,284 | 141,697 | 150,482 |
| Income and Expenditure Account for the year ended 31 March 2022 2022 £ Turnover 36,159 Direct costs of turnover 39,746 Gross deficit (3,587) Operating deficit (3,587) Realised Gains on investments - (Deficit)/surplus on ordinary activities before tax (3,587) (Deficit)/surplus for the financial year (3,587) Gift Aid Payments - Retained (deficit)/surplus for the financial year (3,587) All activities derive from continuing operations Statement of Total Recognised Gains and Losses for the year ended 31 March 2022 Excess of Expenditure over income before realisation of assets Realised Gains on investments Profit per Profit and Loss account Net Movement in funds before taxation |
2022 £ 36,159 39,746 |
2022 (3,587) - |
2021 £ 37,219 42,021 |
|---|---|---|---|
| (3,587) | (4,802) | ||
| (3,587) - |
(4,802) 10,000 |
||
| (3,587) | 5,198 | ||
| (3,587) - |
5,198 - |
||
| (3,587) | 5,198 | ||
2021 (4,802) 10,000 |
|||
| (3,587) | 5,198 | ||
| (3,587) | 5,198 |
Movements in revenue and capital funds
for the year ended 31 March 2022
| Revenue accumulated funds Accumulated funds brought forward Recognised gains and losses before transfers Closing revenue accumulated funds Designated revenue funds At 1 April At 31 March Summary of funds Revenue accumulated funds Revenue designated funds Total funds |
Unrestricted Restricted - - (3,587) - |
Total Funds 2022 £ - (3,587) |
Last year Funds 2022 £ - 5,198 |
Funds Total Funds 2022 2021 £ £ |
|
|---|---|---|---|---|---|
| (3,587) | - | ||||
| (3,587) - |
(3,587) | 5,198 | |||
| Last year |
|||||
| - |
Kowneyn Education and Cultural Centre Balance Sheet as at 31 March 2022
| Notes The assets and liabilities of the charity : Fixed assets Land & buildings - freehold Current assets Debtors Cash at bank and in hand 5,697 Net current assets Total assets less current liabilities Creditors: - amounts due after more than one year 6 Net assets including pension asset / liability The funds of the charity: Unrestricted income funds Net revenue funds Unrestricted capital funds Designated revenue funds - Total charity funds |
5,697 | 2022 £ 192,000 5,697 197,697 (56,000) 141,697 - 3,587 145,284 141,697 |
28,284 | 2021 £ 192,000 28,284 |
|---|---|---|---|---|
| - | ||||
| 220,284 (75,000) |
||||
| 145,284 | ||||
| 5,198 140,086 |
||||
| 145,284 |
Kowneyn Education and Cultural Centre Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation of the accounts
Accounting convention
Incoming Resources
Incoming resources consist of donations and membership contributions are accounted for on a receivable basis.
Fixed assets and depreciation
| 2 Winding up or dissoluton of the charity. 3 (Defcit)/surplus for the fnancial year £ This is stated afer creditng: - Revenue Turnover from ordinary actvites 5 Staff Costs and Emoluments Gross Salaries 6 Creditors:- Amounts Falling due after one year Amounts due to associated to the members 7 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities Net resources applied on functional fixed assets Realised gains on investments Net movement in funds available for future activities |
2022 36,159 2022 £ 2,600 2022 £ 56,000 2022 £ (3,587) (3,587) - |
|---|---|
| (7,174) |
| Particulars of Individual Funds and analysis of | Particulars of Individual Funds and analysis of | assets and liabilities representing | assets and liabilities representing | ||
|---|---|---|---|---|---|
| 8 | funds | ||||
| funds | funds |
funds | |||
| £ | £ | £ | |||
| Tangible Fixed Assets | - | - | - | ||
| Current Assets | 5,697 | - | - | ||
| Long Term Liabilities | (56,000) | - | - | ||
| 5,697 | - | - | |||
| £ | £ | £ |
| Funds at Movements 2021 in Funds as below £ £ 145,284 (154,069) (145,284) 154,069 Analysis of movements in funds as shown in the table above Incoming Outgoing Resources Resources £ £ 36,159 39,746 (36,159) (39,746) |
Transfers Between funds £ |
|---|---|
| - | |
| - Gains & Losses £ |
|
| - | |
| - |
Kowneyn Education and Cultural Centre Schedule to the Statement of Financial Activities for the year ended 31 March 2022
| Incoming Resources Donations Grants, legacies and donations Activities for generating funds Donations Members Contributions Total of activities for generating funds Other Incoming Resources Local restriction grant Total Incoming Resources Costs of generating funds Charitable expenditure Volunteers' Costs Lecturer Premises Costs Rent payable Rates, water and service charges Light and heat Cleaning Premises repairs and renewals General administrative expenses: Postage Health and safety costs Sundry expenses Total Support costs Total Expended on Charitable Activities |
Unrestricted Restricted Total Prior Period Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 18,896 - 18,896 10,500 17,263 - 17,263 26,719 |
|---|---|
| 36,159 - 36,159 37,219 |
|
| - - - 10,000 |
|
| - - - 10,000 |
|
| 36,159 - 36,159 47,219 |
|
| 1,792 - 1,792 - 2,600 - 2,600 - |
|
| 4,392 - 4,392 - |
|
| - - - 750 - - - 600 1,708 - 1,708 8,717 2,218 - 2,218 - 31,428 - 31,428 26,902 |
|
| 35,354 - 35,354 36,969 |
|
| - - - 902 - - - 3,250 - - - 900 |
|
| - - - 5,052 |
|
| 39,746 - 39,746 42,021 |
|
| 39,746 - 39,746 42,021 |
Appendix 1
Analysis of Total Incoming & Outgoing Resources by Activity for the year ended 31 March 2022
| Incoming resources from generated funds Members contributions Donations Investment Income Incoming resources from charitable activities Other Incoming Resources Total Incoming Resources Costs of generating funds Costs of generating voluntary income Fundraising trading - costs of goods and other costs Investment management costs Costs of charitable activities Governance costs Other resources expended Total resources expended Net Incoming Resources by activity |
2022 2021 Fundraisin Other Activity 2 Activity 3 Activity 4 Activity 5 Total Total Activities £ £ £ £ £ £ £ £ - - - - - - - - - - - - - - 36,159 37,219 - - - - - - - - - - - - - - - - - - - - - - - 10,000 |
|---|---|
| - - - - - - 36,159 47,219 |
|
| - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 39,746 42,021 - - - - - - - - - - - - - - - - |
|
| - - - - - - 39,746 42,021 |
|
| - - - - - - (3,587) 5,198 |