MUZANI COMMUNITY CENTRE
Accounts & Reports
For the year ended 30 June 2023
MUZANI COMMUNITY CENTRE
Contents
For the year ended 30 June 2023
Page
| Legal and administrative information | 1 |
|---|---|
| Trustees’ report | 2-3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-10 |
MUZANI COMMUNITY CENTRE
Legal Information For the year ended 30 June 2023
Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1143438 Registered Office &Headquarter Business Address: Flat 188 Church Road London, NW10 9NP Trustees: Mohamed A. Abdalle Mohamed A. Nur Jawahir Roble Abdullahi A. Mohamed
Accountants: Issa Associates Chartered Certified Accountants 40A Maygrove Road London NW6 2EB
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MUZANI COMMUNITY CENTRE
Trustees Report
For the year ended 30 June 2023
Objective
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1) To further or benefit the residents of London, in particular but not exclusively people of Somali origin, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
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2) To advance the education of the public by the provision of supplementary education, language classes and training. In furtherance of these objects but not otherwise, the trustees shall have power: to establish or secure the establishment of a drop-in centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.
Legal structure
Muzani Community Centre is a registered charity with the Charities Commission in England & Wales.
Financial statements
The trustees submit their trustees’ report and financial statements for the year ended for the year ended 30 June 2023.
Policies:
Reserve policy:
The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
Risk(s) review:
The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to increase charity’s donor base.
Trustees Responsibilities
The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant regulations.
The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the constitution.
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MUZANI COMMUNITY CENTRE
Trustees Report (Continued)
For the year ended 30 June 2023
Activities and Achievements
The core of the charity’s work continues to focus on education, mentoring, youth volunteering and crime reduction awareness events, family mediation and advice and guidance for the community.
Funding
The charity would like to thank all those who generously supported our activities. It is through their support that the charity has largely been able to implement our projects for the benefit of our community.
This report was approved by the board and signed on its behalf by:
Mohamed A. Abdalle Chair
Date: 02 August 2024
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MUZANI COMMUNITY CENTRE
Independent Examiners Report
For the year ended 30 June 2023
I have examined the accounts on pages 5 to 6, which have been prepared on the basis of receipt and payment basis.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.
Basis of independent examiner’s report
This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the charity commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.
Independent examiner’s statement
Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the year ended 30 June 2023 have not been in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.
Issa Associates
Issa Associates Chartered Certified Accountants 40A Maygrove Road London NW6 2EB
Date: 02 August 2024
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MUZANI COMMUNITY CENTRE
Statement of Financial Activities
For the year ending 30 June 2023
| Notes Incoming resources From charitable activities 2 Investment income 2 Total incoming resources Resources expended Charitable activities 3 Governance costs 4 Total Resources Expended Net resources for the year Fund balances at 30 June 2022 Fund balances at 30 June 2023 |
Unrestricted funds £ - - - - - - - - - |
Restricted funds £ 126,101 - 126,101 127,120 2,049 129,170 (3,068) 17,292 14,224 |
2023 2022 Total Total £ £ 126,101 149,202 - - 126,101 149,202 127,120 175,901 2,049 3,230 129,170 179,131 (3,068) (29,930) 17,292 47,222 14,224 17,292 |
|---|---|---|---|
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MUZANI COMMUNITY CENTRE
Balance Sheet
For the year ending 30 June 2023
| Notes Fixed assets Tangible assets 5 Current Assets: Debtors Cash at bank and in hand Creditors:amounts falling due within one year 7 Net Current Assets Total Assets less current liabilities Funds of the charity: Restricted funds at 30 June 2023 |
£ £ £ £ - - - - 14,524 17,592 14,524 17,592 (300) (300) 14,224 17,292 14,224 17,292 14,224 17,292 14,224 17,292 2022 2023 |
|---|---|
The statement of financial activities as set out on page 5 for the financial year ending 30 June 2023, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 02 August 2024.
Chair Mohamed Abdalle
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MUZANI COMMUNITY CENTRE
Notes to the Accounts
For the year ending 30 June 2023
1 Accounting Policies
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (Revised SORP 2015) and the Financial Reporting Standards for Smaller Entities.
1.2 Incoming Resources Grants and donations are recognised on accruals basis.
Incoming resources are reported gross.
1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources. 1.4 Depreciation Tangible fixed assets are stated at cost less depreciation.
Provision for depreciation of tangible fixed assets held by the charity is made at an annual rate of 25% on a straight line basis.
1.5 Status
The charity is registered with the Charities Commission in England & Wales.
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MUZANI COMMUNITY CENTRE
Notes to the Accounts
For the year ended 30 June 2023
| 2. Grants and Donations Donations from members & community 2. Investment Income Interest receivable Total Incoming Resources |
Unrestricted Funds £ - - Unrestricted Funds £ - - - |
Restricted Funds £ 126,101 126,101 Restricted Funds £ - - 126,101 |
2023 Total 2022 Total £ £ 126,101 149,202 126,101 149,202 2023 Total 2022 Total £ £ - - - - 126,101 149,202 |
|---|---|---|---|
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MUZANI COMMUNITY CENTRE
Notes to the Accounts
For the year ending 30 June 2023
3a. Direct Charitable Expenditure
| Staff cost 3b. Support Costs Premises insurance Total Charitable Activities 4. Governance Total Resources Expended Premises expenses Legal and Professional Telephone, fax, Internet Admin costs |
Unrestricted Funds £ - - - - Unrestricted Funds £ - - - - Unrestricted Funds £ - - - |
Restricted Funds £ 61,884 60,459 1,486 123,829 Restricted Funds £ - 3,291 3,291 127,120 Restricted Funds £ 2,049 2,049 129,170 |
2023 Total 2022 Total £ £ 61,884 39,507 60,459 126,932 1,486 815 123,829 167,254 2023 Total 2022 Total £ £ - - 3,291 8,647 3,291 8,647 127,120 175,901 2023 Total 2022 Total £ £ 2,049 3,230 2,049 3,230 129,170 179,131 |
|---|---|---|---|
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MUZANI COMMUNITY CENTRE
Notes to the Accounts
For the year ending 30 June 2023
| 5 | Tangible Fixed Assets | ||
|---|---|---|---|
| Office | Total | ||
| Equipment | |||
| £ | £ | ||
| Cost | |||
| At 01 July 2022 | - | - | |
| Additions | - | - | |
| At 30 June 2023 | - | - | |
| Depreciation | |||
| At 01 July 2022 | - | - | |
| Charged in the Year | - | - | |
| At 30 June 2023 | - | - | |
| Net Book Value | |||
| At 30 June 2023 | - | - | |
| At 01 July 2022 | - | - | |
| 6. | Creditors – Amounts falling due within one year | 2023 | 2022 |
| £ | £ | ||
| Accruals | 300 | 300 | |
| 300 | 300 |
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