BRENT CULTURAL CENTER Accounts & Reports For the year ended 31 March 2024 ## BRENT CULTURAL CENTER Contents For the year ended 31 March 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| ## BRENT CULTURAL CENTER Legal Information For the year ended 31 March 2024 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 1 ## BRENT CULTURAL CENTER Trustees Report For the year ended 31 March 2024 ## _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 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 ## BRENT CULTURAL CENTER ## Trustees Report (Continued) For the year ended 31 March 2024 ## _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: 7[th] April 2025 3 ## BRENT CULTURAL CENTER ## Independent Examiners Report For the year ended 31 March 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 31 March 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 Accountants & Tax Consultants 116 Cumberland House, 80 Scrubs Lane London NW10 6RF Date: 7[th] April 2025 4 ## **BRENT CULTURAL CENTER** ## **Statement of Financial Activities** ## **For the year ending 31 March 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 1 April 2023
**Fund balances at 31 March 2024**|**Unrestricted**
**funds**
**£**
-
-
**-**
-
-
**-**
-
-
**-**|**Restricted**
**funds**
**£**
37,983
-
**37,983**
37,535
200
**37,735**
248
15,440
**15,688**|**2024**
**2023**
**Total**
**Total**
**£**
**£**
37,983
33,897
-
-
**37,983**
**33,897**
37,535
34,685
200
200.00
**37,735**
**34,885**
248
(988)
15,440
16,428
**15,688**
**15,440**| |---|---|---|---| 5 ## **BRENT CULTURAL CENTER** ## **Balance Sheet** ## **For the year ending 31 March 2024** |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:_**
Restricted funds as at 01-04-2023
Restricted funds at 31-03-2024|2023
£
£
£
£
-
-
-
-
15,888
15,640
15,888
15,640
(200)
(200)
15,688
15,440
15,688
15,440
15,440
16,428
248
(988)
15,688
15,440
2024| |---|---| ||| The statement of financial activities as set out on page 5 for the financial year ending 31 March 2024, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 07 April 2025. Treasurer Ahmed Abdirabo 6 ## **BRENT CULTURAL CENTER** ## **Notes to the Accounts** ## **For the year ending 31 March 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 ## **BRENT CULTURAL CENTER** ## **Notes to the Accounts** ## **For the year ended 31 March 2024** ## **2. Grants and Donations** |Donations from members & community
**2. Investment Income**
Interest receivable
Total Incoming Resources|Unrestricted
Funds
£
-
Unrestricted
Funds
£
-
-|Restricted
Funds
£
37,983
37,983
Restricted
Funds
£
-
37,983|2024
Total
2023
Total
£
£
37,983
33,897
37,983
33,897
2024
Total
2023
Total
£
£
-
-
37,983
33,897| |---|---|---|---| 8 ## **BRENT CULTURAL CENTER** ## **Notes to the Accounts** ## **For the year ending 31 March 2024** ## **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
Restricted
Funds
2024
Total
2023
Total
£
£
£
£
-
24,162
24,162
22,248
-
8,669
8,669
7,904
-
2,946
2,946
2,689
-
656
656
721
-
320
320
360
-
782
782
763
-
37,535
37,535
34,685
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
£
£
£
£
-
509
509
482
-
-
-
-
-
-
-
-
-
37,535
37,535
34,685
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
£
£
£
£
-
200
200
200
-
200
200
200
-
37,735
37,735
34,885| |---|---| 9 ## **BRENT CULTURAL CENTER** ## **Notes to the Accounts** ## **For the year ending 31 March 2024** |**5**
**Tangible Fixed Assets**
Debtors
Accruals
At 31 March 2024
Additions
**Cost**
At 1 April 2023
Charged in the Year
At 31 March 2023
**Depreciation**
At 1 April 2022
**7. Creditors – Amounts falling due within one year**
**6. Debtors**
**Net Book Value**
At 31 March 2024
At 31 March 2023|**Office**
**Equipment**
**Total**
**£**
**£**
3,875
3,875
-
-
3,875
3,875
3,875
3,875
-
-
3,875
3,875
-
-
-
-
2024
2023
£
£
-
-
-
-
2024
2023
£
£
200
200
200
200| |---|---| 10