BRENT CULTURAL CENTER
Accounts & Reports
For the year ended 31 March 2021
BRENT CULTURAL CENTER
Contents For the year ended 31 March 2021
| 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 |
BRENT CULTURAL CENTER
Legal Information
For the year ended 31 March 2021
Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1148127 Registered Office &Headquarter Business Address: 107 High Street London, NW10 4TS Trustees: Mr Suleiman Egeh Mr Hassan Haji Omar Mr Ahmed Farah Mr Haikal Omer Mr Ahmed Abdirabo Mr Abdulkadir Maskaat Bankers: Santander Bank Harlesden, London 93 High Street, NW10 4NX Accountants: Issa & Co (UK) Accountants & Tax Consultants 116 Cumberland House 80 Scrubs Lane London NW10 6RF
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BRENT CULTURAL CENTER
Trustees Report
For the year ended 31 March 2021
Objective
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To advance the education of children and young people in north west London particularly but not exclusively those from Somali background by providing and assisting in the provision of facilities for education, with a view to advancing young people in life and promoting good citizenship
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The relieve of those in need, by reason of youth, age, ill-health, disability, financial hardships or other social or economic disadvantage
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To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life
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Such other purposes as are exclusively charitable under the laws of England and Wales as the trustees determine
Legal structure
Brent Cultural 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 31 March 2021.
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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BRENT CULTURAL CENTER
Trustees Report (Continued)
For the year ended 31 March 2021
Activities and Achievements
The core of the charity’s work continues to focus on education, mentoring, physical activities (football), 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:
Chair Suleiman Egeh
Date: 31 January 2022
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BRENT CULTURAL CENTER
Independent Examiners Report
For the year ended 31 March 2021
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 31 March 2021 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 Accountants & Tax Consultants 116 Cumberland House, 80 Scrubs Lane London NW10 6RF
Date: 31 January 2022
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BRENT CULTURAL CENTER
Statement of Financial Activities
For the year ending 31 March 2021
| 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 1 April 2020 Fund balances at 31 March 2021 |
Unrestricted funds £ - - - - - - - - - |
Restricted funds £ 43,073 - 43,073 32,769 150 32,919 10,153 9,740 19,894 |
2021 2020 Total Total £ £ 43,073 31,387 - - 43,073 31,387 32,769 32,174 150 100 32,919 32,274 10,153 (887) 9,740 10,627 19,894 9,740 |
|---|---|---|---|
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BRENT CULTURAL CENTER
Balance Sheet
For the year ending 31 March 2021
| Notes Fixed assets Tangible assets 5 Current Assets: Debtors 6 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: Surplus/(deficit) as at 1 April 2020 Surplus/(deficit) for the year |
2020 £ £ £ £ - - - - 19,994 9,840 19,994 9,840 (100) (100) 19,894 9,740 19,894 9,740 9,740 10,627 10,153 (887) 19,894 9,740 2021 |
|---|---|
The statement of financial activities as set out on page 5 for the financial year ending 31 March 2021, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 31 January 2022.
Treasurer Ahmed Abdirabo
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BRENT CULTURAL CENTER
Notes to the Accounts
For the year ending 31 March 2021
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 2005) and the Financial Reporting Standards for Smaller Entities.
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1.2 Incoming Resources
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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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BRENT CULTURAL CENTER
Notes to the Accounts
For the year ended 31 March 2021
| 2. Grants and Donations Donations from members & community 2. Investment Income Interest receivable Total Incoming Resources |
Unrestricted Funds £ - Unrestricted Funds £ - - |
Restricted Funds £ 43,073 43,073 Restricted Funds £ - 43,073 |
2021 Total 2020 Total £ £ 43,073 31,387 43,073 31,387 2021 Total 2020 Total £ £ - - 43,073 31,387 |
|---|---|---|---|
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BRENT CULTURAL CENTER
Notes to the Accounts
For the year ending 31 March 2021
3a. Direct Charitable Expenditure
| Wages & salaries Administration costs Volunteer costs 3b. Support Costs Bank charges Total Charitable Activities 4. Governance Total Resources Expended Rent and rates Legal and Professional Telephone, fax, Internet Light, heat and water Depreciation |
Unrestricted Funds £ - - - - - - - Unrestricted Funds £ - - - - Unrestricted Funds £ - - - |
Restricted Funds £ 22,036 7,106 1,646 987 324 671 32,769 Restricted Funds £ 581 - - 32,769 Restricted Funds £ 150 150 32,919 |
2021 Total 2020 Total £ £ 22,036 22,181 7,106 5,967 1,646 1,523 987 1,288 324 490 671 725 32,769 32,174 2021 Total 2020 Total £ £ 581 692 - - - - 32,769 32,174 2021 Total 2020 Total £ £ 150 100 150 100 32,919 32,274 |
|---|---|---|---|
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BRENT CULTURAL CENTER
Notes to the Accounts
For the year ending 31 March 2021
| 5 | Tangible Fixed Assets | ||
|---|---|---|---|
| Office | Total | ||
| Equipment | |||
| £ | £ | ||
| Cost | |||
| At 1 April 2020 | 3,875 | 3,875 | |
| Additions | - | - | |
| At 31 March 2021 | 3,875 | 3,875 | |
| Depreciation | |||
| At 1 April 2020 | 3,875 | 3,875 | |
| Charged in the Year | - | - | |
| At 31 March 2021 | 3,875 | 3,875 | |
| Net Book Value | |||
| At 31 March 2021 | - | - | |
| At 31 March 2020 | - | - | |
| 6. | Debtors | 2021 | 2020 |
| £ | £ | ||
| Debtors | - | - | |
| - | - | ||
| 7. | Creditors – Amounts falling due within one year | 2021 | 2020 |
| £ | £ | ||
| Accruals | 100 | 100 | |
| 100 | 100 |
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