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
1
## 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.
2
## 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
3
## 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
4
## **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**|
|---|---|
5
## **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
6
## **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.
7
## **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|
|---|---|---|---|
8
## **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|
|---|---|---|---|
9
## **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|
|---|---|
10