2021-03-31-accounts - Jubba Youth Community Association

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JUBBA YOUTH COMMUNITY ASSOCIATION Accounts & Reports For the year ended 31 March 2021

JUBBA YOUTH COMMUNITY ASSOCIATION

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

JUBBA YOUTH COMMUNITY ASSOCIATION

	Legal and Administrative Information
	For the year ended 31 March 2021
Status:	The organisation is a charitable company limited by guarantee,
	incorporated on 26 February 2009.
Company Number:	6831271
Charity number	1148342
Registered Office	536 Holloway Road, London, N7 6JB
Business Address:	536 Holloway Road, London, N7 6JB
Directors:	Mr Amin Hussein -	Director/ Chair
	Mr Zakaria Abdulkadir -	Director
	Mr Abdi Abdulkadir -	Director
Bankers:	Metro Bank
	136 High Rd, Wood Green,
	London N22 6EB
Accountants:	Issa Associates
	Certified Accountants and Tax Consultants
	116 Cumberland House
	80 Scrubs Lane
	London, NW10 6RF

JUBBA YOUTH COMMUNITY ASSOCIATION

Directors Report

For the year ended 31 March 2021

Objective

The objectives of Jubba Youth Community Association are:

Build capacity of young people to present themselves by developing leadership skills and building confidence
To provide support, advice and guidance for young refugees and the wider Somali community through educative programmes and cultural projects
Provide a safe and open space for young people to talk about issues affecting them

Legal structure

The Jubba Youth Community Association is a company limited by guarantee and is registered with Companies House.

Financial statements

The directors submit their report and financial statements for the year ended 31 March 2021.

Policies:

Reserve policy:

The Charity currently operates with minimal reserves. The directors are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.

Risk(s) review:

The directors have recently reviewed the major risks faced by the charity. This has resulted in efforts to raise unrestricted funds, increase charity’s donor base.

JUBBA YOUTH COMMUNITY ASSOCIATION

Directors Report (continued)

For the year ended 31 March 2021

Responsibilities

Acting directors are responsible for keeping proper accounting records which disclose at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

Acting directors 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 company.

Directors are also responsible for safeguarding the assets of the company. They are elected and replaced as set out in the Memorandum and Articles of Association.

Activities and Achievements

The charity is managed by 3 elected trustee members, and is staffed by 15 volunteers. The office is open from Monday to Friday between 10.00am and 4.00pm.

The core of the charity’s work continues to be in the areas of youth engagement and community development as well as the provision of advice and information to young people. During the past year the Charity has engaged over 50 young people through mentoring and sports activities. Many young people have benefited from these projects and have been given the opportunity for their voices to be heard and provided with various support services. We have also developed young leaders for the community who are now young leaders within the community as they possess leadership skills.

This report was approved by the board and signed on its behalf by:

Chair Amin Hussein

Date: 14 December 2021

JUBBA YOUTH COMMUNITY ASSOCIATION

Independent examiner’s report

For the year ended 31 March 2021

I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 5 to 6.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 43 of the 1993 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; have not been met;

Issa Associates Certified Accountants and Tax Consultants 116 Cumberland House 80 Scrubs Lane London, NW10 6RF

Date: 14 December 2021

JUBBA YOUTH COMMUNITY ASSOCIATION

Statement of Financial Activities

For the year ended 31 March 2021

Notes Income Grants and Donations Charitable donations and gifts Finsbury Park Mosque/GLA HMRC JRS grant Islamic Aid Interlock Misc income Expenditure Sports and youth activities Rent and hall hire Fundraising events Wages and salaries Youth trips Equipment and materials Organisational developments Consultancy costs Bank charges Insurance Office costs and stationery Travel and subsistence Volunteer expenses Legal and professional fees Admin and other costs Total expenditure Surplus/(deficit) for the period	Unrestricted £ 147,826 - 13,752 - - 4,050 165,628 59,736 6,500 1,350 32,201 7,499 12,395 2,800 7,850 25 600 13,171 1,620 9,800 300 7,750 163,596 2,031	Restricted £ - 26,584 - - - 26,584 13,984 - - 13,752 - - - - - - - - 292 - 135 28,164 (1,580)	2020 Total funds Total funds £ £ 147,826 164,612 26,584 37,096 13,752 - - 4,931 - - 4,050 530 192,212 207,170 73,720 111,437 6,500 3,750 1,350 3,200 45,953 21,441 7,499 34,500 12,395 7,700 2,800 3,500 7,850 7,850 25 10 600 600 13,171 13,600 1,620 2,281 10,092 9,500 300 - 7,885 4,547 191,760 223,916 452 (16,746) 2021

JUBBA YOUTH COMMUNITY ASSOCIATION

Balance Sheet

For the year ended 31 March 2021

Notes Fixed assets: Office equipment Current Assets: Cash at bank and in hand Current liabilities payable within 1 year: Creditors and accruals Net Current Assets Total Assets less current liabilities Funds: Balance for the period Balance brought forward	£ £ £ £ - - 19,656 19,204 19,656 19,204 (300) (300) 19,356 18,904 19,356 18,904 452 (16,746) 18,904 35,650 19,356 18,904 2020 2021

For the financial year ended 31 March 2021, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 5 to 6 were approved by the board and signed on their behalf by:

……………………………….. Chair

Date: 14 December 2021

A. Hussein

JUBBA YOUTH COMMUNITY ASSOCIATION

Notes to the Accounts

For the year ended 31 March 2021

1 Basis of accounting

The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with Statement of Recommended Practice (SORP 2015), "Accounting and Reporting by Charities" and applicable accounting standards.

2 Accounting Policies

A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.

2.1 Income and expenditure

All income and expenditure is accounted for on accrual basis.

2.2 Fund Accounting

General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are funds subject to specific restrictive conditions imposed by donors.

2.2 Tangible Fixed assets and Depreciation

Tangible fixed assets are stated at cost.

Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.

2.3 Status

The charity is a company limited by guarantee. The members are the trustees named on page 1. The liability in respect of the guarantee, as set out in the Memorandum, is limited to £1 per member of the company.