2022-03-31-accounts - Brent Cultural Centre

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BRENT CULTURAL CENTER

Accounts & Reports

For the year ended 31 March 2022

BRENT CULTURAL CENTER

Contents For the year ended 31 March 2022

	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 2022

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

BRENT CULTURAL CENTER

Trustees Report

For the year ended 31 March 2022

Objective

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
The relieve of those in need, by reason of youth, age, ill-health, disability, financial hardships or other social or economic disadvantage
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
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 2022.

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.

BRENT CULTURAL CENTER

Trustees Report (Continued)

For the year ended 31 March 2022

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: 30 January 2023

BRENT CULTURAL CENTER

Independent Examiners Report

For the year ended 31 March 2022

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 2022 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: 30 January 2023

BRENT CULTURAL CENTER

Statement of Financial Activities

For the year ending 31 March 2022

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 2021 Fund balances at 31 March 2022	Unrestricted funds £ - - - - - - - - -	Restricted funds £ 30,642 - 30,642 33,907 200 34,107 (3,465) 19,894 16,428	2022 2021 Total Total £ £ 30,642 43,073 - - 30,642 43,073 33,907 32,769 200 150 34,107 32,919 (3,465) 10,153 19,894 9,740 16,428 19,894

BRENT CULTURAL CENTER

Balance Sheet

For the year ending 31 March 2022

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 2021 Surplus/(deficit) for the year	2021 £ £ £ £ - - - - 16,528 19,994 16,528 19,994 (100) (100) 16,428 19,894 16,428 19,894 19,894 9,740 (3,465) 10,153 16,428 19,894 2022

The statement of financial activities as set out on page 5 for the financial year ending 31 March 2022, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 30 January 2023.

Treasurer Ahmed Abdirabo

BRENT CULTURAL CENTER

Notes to the Accounts

For the year ending 31 March 2022

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.

BRENT CULTURAL CENTER

Notes to the Accounts

For the year ended 31 March 2022

2. Grants and Donations

Donations from members & community 2. Investment Income Interest receivable Total Incoming Resources	Unrestricted Funds £ - Unrestricted Funds £ - -	Restricted Funds £ 30,642 30,642 Restricted Funds £ - 30,642	2022 Total 2021 Total £ £ 30,642 43,073 30,642 43,073 2022 Total 2021 Total £ £ - - 30,642 43,073

BRENT CULTURAL CENTER

Notes to the Accounts

For the year ending 31 March 2022

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 £ 22,157 7,413 2,496 713 345 784 33,907 Restricted Funds £ 468 - - 33,907 Restricted Funds £ 200 200 34,107	2022 Total 2021 Total £ £ 22,157 22,036 7,413 7,106 2,496 1,646 713 987 345 324 784 671 33,907 32,769 2022 Total 2021 Total £ £ 468 581 - - - - 33,907 32,769 2022 Total 2021 Total £ £ 200 150 200 150 34,107 32,919

BRENT CULTURAL CENTER

Notes to the Accounts

For the year ending 31 March 2022

5 Tangible Fixed Assets Debtors Accruals At 31 March 2022 Additions Cost At 1 April 2021 Charged in the Year At 31 March 2021 Depreciation At 1 April 2021 7. Creditors – Amounts falling due within one year 6. Debtors Net Book Value At 31 March 2022 At 31 March 2022	Office Equipment Total £ £ 3,875 3,875 - - 3,875 3,875 3,875 3,875 - - 3,875 3,875 - - - - 2022 2021 £ £ - - - - 2022 2021 £ £ 100 100 100 100