2024-06-30-accounts - Muzani Community Centre

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MUZANI COMMUNITY CENTRE

Accounts & Reports

For the year ended 30 June 2024

MUZANI COMMUNITY CENTRE

Contents

For the year ended 30 June 2024

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 2024

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

MUZANI COMMUNITY CENTRE

Trustees Report

For the year ended 30 June 2024

Objective

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.
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 2024.

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.

MUZANI COMMUNITY CENTRE

Trustees Report (Continued)

For the year ended 30 June 2024

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: 29[th] May 2025

MUZANI COMMUNITY CENTRE

Independent Examiners Report

For the year ended 30 June 2024

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 2024 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: 29 May 2025

MUZANI COMMUNITY CENTRE

Statement of Financial Activities

For the year ending 30 June 2024

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 2023 Fund balances at 30 June 2024	Unrestricted Restricted 2024 2023 funds funds Total Total £ £ £ £ - 104,437 104,437 126,101 - - - - - 104,437 104,437 126,101 - 103,559 103,559 127,120 - 660 660 2,049 - 104,219 104,219 129,170 - 219 219 (3,068) - 14,224 14,224 17,292 - 14,443 14,443 14,224

MUZANI COMMUNITY CENTRE

Balance Sheet

For the year ending 30 June 2024

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 2024	£ £ £ £ - - - - 14,743 14,524 14,743 14,524 (300) (300) 14,443 14,224 14,443 14,224 14,443 14,224 14,443 14,224 2023 2024

The statement of financial activities as set out on page 5 for the financial year ending 30 June 2024, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 29 May 2025.

Chair Mohamed Abdalle

MUZANI COMMUNITY CENTRE

Notes to the Accounts

For the year ending 30 June 2024

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.

MUZANI COMMUNITY CENTRE

Notes to the Accounts

For the year ended 30 June 2024

2. Grants and Donations

Donations from members & community 2. Investment Income Interest receivable Total Incoming Resources	Unrestricted Funds £ - - Unrestricted Funds £ - - -	Restricted Funds £ 104,437 104,437 Restricted Funds £ - - 104,437	2024 Total 2023 Total £ £ 104,437 126,101 104,437 126,101 2024 Total 2023 Total £ £ - - - - 104,437 126,101

MUZANI COMMUNITY CENTRE

Notes to the Accounts

For the year ending 30 June 2024

3a. Direct Charitable Expenditure

Staff cost 3b. Support Costs 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 £ 19,913 80,749 1,207 101,869 Restricted Funds £ 1,690 1,690 103,559 Restricted Funds £ 660 660 104,219	2024 Total 2023 Total £ £ 19,913 61,884 80,749 60,459 1,207 1,486 101,869 123,829 2024 Total 2023 Total £ £ 1,690 3,291 1,690 3,291 103,559 127,120 2024 Total 2023 Total £ £ 660 2,049 660 2,049 104,219 129,170

MUZANI COMMUNITY CENTRE

Notes to the Accounts

For the year ending 30 June 2024

5 Tangible Fixed Assets Accruals At 30 June 2024 Cost At 01 July 2023 Additions 6. Creditors – Amounts falling due within one year Net Book Value At 30 June 2024 At 30 June 2024 Depreciation At 01 July 2023 Charged in the Year At 01 July 2023	Office Equipment Total £ £ - - - - - - - - - - - - - - - - 2024 2023 £ £ 300 300 300 300