A Registered Charlty & Company Llmlted by Guarantee Report and Financial Statements l April 2023 - 31 March 2024 Registered Charity No 1148854 Registered Company In England & Wales No 7858057
CARRAMEA (A Company Limlted by Guarantee) TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 LEGAL AND ADMINISTRATIVE DETAILS Trustees / Directors of the Charlty and Company Shamn Dunbar Omar Edris Faizi Fauzia Adnan Hemuna Pather-carr Sangeetha Ragavan Bankers The Co-operative Bank Reglstered Charlty Number 1148854 Company Reglstratlon Number 7858057 Address Carramea Community Resource Centre 27 Northolt Road Harrow Middlesex HA2 OLH
CARRAMEA (A Company Limited by Guarantee) TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also dlrectors of the chartty for the purposes of the Companies Act 2006, psent their report with the flnanclal statements of the charlty for the year ended 31 March 2024. The trustees have adopted the provlsions of the Statement of Recommended Practlce (SORP) 'Accounting and Reporting by Charities. issued In January 2015. STRucfuRE, GOVERNANCE & MANAGEMENT Governing Document Carramea Is a company limited by guarantee (company number 07858057) and a gistered charity (charlty number 1148854). It is governed by a Memorandum and Articles of Assoclatlon. Appointment of Triistees The first dlrertors and trustees were appointed by the Carramea Foundlng Organlsatlons. Subsequent trustees are elerted into post by the Members of the Board. Subsequent Members of the Board are appolnted following nomlnation by a Founding Organisation or non-Foundlng Organisatlon registered as a resident organisatlon at the Carramea Comrnunlty Resource Centre, dlscussion of duties, responslbllltles and Ilabllltles wlth the nominee, and election by the Members of the Board. Potential new board members are identified by: (a) conducting a board skills gap amongst exlstlng trustees, (b) approaching relevant Indlvlduals known to have these requlred skllls, and/or (c) advertisement for board members through our Foundlng Organlsatlons and through non-Founding Organlsatlons registered as Resident Organlsations at the Centre. Management The Board of Trustees governs the charlty, meeting at least on a quarterly basis. The Trustees appolnt the Chlef Executive Officer who oversees the day-to-day operation of Carrarnea. Project implementation Is carried out by Project Co-ordinators. Risk Management The Trustees have condurted a review of the main risks to whlch the charlty Is exposed. Where appropriate, systems and procedu$ have been put In platr to manage these rlsks. Reliance on extemal fvndlng has been mitlgated by raislng income through increaslng usage of our offlce and meeting Pdcilities by the voluntary and charitable sector. Cornpetitlve rlsks forfunding opportunities have been mitigated by developlng a strong brand based on successful project delivery and our development into a wldely representative community hub, which is responslve to community demand for a range of services and 15 well known and appreclated in the South Harrow area and beyond.
CARRAMEA (A Company Llmited by Guarantee) TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 We have a reputatlon for reliabllity. trustworthiness and princlpled commltment to the voluntary sertor and the wider community. We arrange for appropriate trainlng for staff and take out appropriate insurance We have Internal control risks Ilnked to flnancial transactions, mitigated by a Financial Control Pollcy, requiring 2 approvals for each transaction. we can call upon advice from professlonal accountants, If required. PUBLIC BENEFrr The Trustees confirm that they have complied wlth the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commisslon in determlnlng the activities undertaken by the Charlty. The followlng sections demonstrate our provision of publlc benefit: OBJECTIVES & PRIORrrIES i) To advance the education of the publlc In Harrow by provldlng a range of tralnlng courses. and 2) to promote the voluntary sector for the benefft of the publlc In Harrow by: a) the provlsion and maintenance of a resource centre to be used by the voluntary sector, Including the provision of office, rr and meetlng facllltles; and b) facllitatlng partnershlp and co-operatlon In the voluntary sector; wlth a vlew to promotlng soclal coheslon amongst the public In Harrow. PLANS FOR THE FUTURE Our Carramea Community Resource Centre provides flexible office, meeting and storage facllities at affordable rates to about 15 organisations at any partlcular tlme, provldlng charitable servlces to the community in Harrow. Carramea's provislon for these organisatlons ranges from a reglstered office address with Incoming mail and telephone enquiry forwarding facillties, to hourly hot-desklng as and when required, and to 7-day office usage till 10.00pm. In addition we provide volunteering opportunities and through our dellvery partners we provide English Language courses and training courses for members of the public. Following 'bulld back, after Covid closure, we now have about 1,000 visits per month by service-users and volunteer5 worklng towards employment. We expect this demand from the community to grow and we wlll work to secure grant funding to support our volunteers and assure our basic running costs at a time of steeply rising costs.
CARRAMEA (A Company Limited by Guarantee) TRUSTEE REPORT FOR THE PERIOD ENDED 31 MARCH 2024 FINANCIAL REVIEW Income generation The total of Incoming resources for thls year was £74,930 (2023: £68,435). Restricted Funds Restricted funds represented approximately 0.20% of generated income this flnanclal year. Fundralslng objectives Fundralslng planning concentrated on identlfylng sources of Income to sustain the charity's alms from 202312024 onwards* particulady those that can diversify the fundlng portfolio and fund staff, volunteers, training and core costs. Management & Administratlon The organlsation considers all its work to be charltable but does make an allowance for some costs that relate to legal and charitable compliance. Reserves (Worklng Capltal Policy) Our serveS pollcy was approved by the board on 8th February 2012 and ststes: "Carramea wlll alm to establlsh a Reserve of between 330/0 and 50% of Its experted runnlng costs for the following year in order to ensure business contlnulty In the eventuallty of reductlon In fundlng from all sources."
CARRAMEA (A Company Limited by Guarantee) TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 srATEMENT OF TRUSTEES RESPONSIBILrrIES The trustees who are also the direttors of Carramea for the purposes of company law are responsible for preparfng the Trustees, Report and the financlal statements in accordance wlth appllcable law and United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accountlng Practice). Company law requires the trustees to prepare financial statements for each flnanclal year, which glve a true and falr vlew of the state of affairs of the charitable company and of the incoming resources and applicatlon of reSoUrS of the charlty, including the Income and expenditure, for that period. In preparing these financlal statements, the trustees are required to selett suitable accountlng pollcles and then apply them consistentlyi observe the methods and principles in the Charities SORP; make Judgments and estlmates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any materlal departures dlsclosed and explained In the financlal statements; and prepare the financlal statements on the golng concem basls unless It Is Inapproprlate to presume that the charlty wlll contlnue In buslness. The trustees are responslble for keeplng proper accountlng records, whlch dlsclose wlth reasonable accuracy at any time the financial posltion of the charity and to enable them to ensure that the financlal statements comply vrfith the Companles Act 2006. They are also responsible ft)r safeguardlng the assets of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularltles. Approved by the Trustee Board on os/(o 2011 and signed on their behalf by: Full Name Position Direttor and Trustee Date
CARRAMEA (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of the Trust for the year ended 31st Mard) 2024 set out on pages 8 to 14. Respertlve responslblllties of the trustees and examlner The trustees (who are also the Directors of the Company for the purposes of Company Law) are responsible for the preparatlon of the accounts. The trustees consider that an audit is not requlred for this year under Sertlon 144(2) of the Charities Att 2011 (the Charltles Act) and that an Independent examinatlon Is needed. Having satisfied myself that the Charity is not subject to audlt under Company Law and Is eliglble for Independent examination, it is my responsibility to: examine the accounts under Section 145 of the 2011 Act; to follow the procedures laid down In the general Directlons given by the Charlty Commisslon (under Sectlon 145(5) (b) of the 2011A¢t),' and to state whether partlcular matters have come to my attentlon. Ba•1• of the Independ•nt examlnerfs report My examlnation was carried out In accordance wlth the general Dlrertlons glven by the Charlty Commlsslon. An examinatlon Indudes a revlew of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It also Includes consideratlon of any unusual items or dlsdosures In the accounts, and seeklng explanatlons from you as trustees concernlng such matters. The procedures undertaken do not provlde all the eviden that would be required In an audlt, and consequently no opinion is given as to whether the accounts present a 'true and falr vlew, and the report Is Ilmited to those matters set out In the statement below. Independ•nt ¢xamlnerf• •tatem¢nt In connectlDn wlth my examlnatlon, no matter has come to my attentlon: (l)Whlch glves me reasonable cause to belleve that In, any materlal respect, the requlrements.. To keep accountlng records In accordance wlth Sectlon 386 and 387 of the Companies Act 2006; and to prepare accounts which accord wlth the accounting records, and comply wlth the accountlng requlrements of sectlon 396 of the Cornpanles Act 2006 and with the methods and prlnciples ofthe Statement of Recommended Pract1. Accounting and reporting by Charitles, have not been Met; or (2)To which, In my opinion, attentlon should be drawn In order to enable a proper understanding of the accounts to be reached. J. Aktar BSC, MPBA Smallworks Victorla, Vauxhall Brldge Road London SWIV ITA Date
CARRAMEA (A Company Limited by Guarantee) STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrkted Funds Funds Total Fund• 2024 Total Funds 2023 Notes In¢oming Resources Chadtable Artlvities 74.780 150 74,930 68.435 Total Incomlng r•SoUrl 150 Exp¢ndttur• Costs of generatln9 funds Charltable Attlvities 76.153 150 76.303 64.012 Total Exp•ndlture 150 Net Incomlng/(outgoIng)r•Uyrn8 befor• transfer• (1.373) (1,373) 4.423 N•t movement of fvnd• 1 3734 423 Total funds at 31 March 2023 Total fund• at 31 March 2024 All amounts relate to contlnulng operatlons. All grants and losses recognlsed In the year a Included In the Statement of Flnanclal Acttvlties.
CARRAMEA (A Company Limlted by Guarantee) BALANCE SHEEr AS AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSErs CURRENT ASSErs Cash at bank & in hand Debtors & Prepayments 4.681 5,629 7,758 CREDrroRS: Amounts falllng due wlthin on• yéar {459) (400) Net Current Assets Long Temi Loan TOTAL Assrrs LESS LIABILMES General Funds Restrlrted Funds 5,985 7,358 TOTAL FUNDS The dlrectors and trustees conslder that the charitable company Is entitled to exemptlon from the requirement to have an audlt under the provlslons of Settion 477 of the Companles Act 2006 and the members have not requlred the company to obtaln an audit for the year In questlon In accordance wlth sectlon 476 of the Companles Act 2006. The trustees and dlrectors acknowledge thelr responsibilltles for a) Ensurlng that the charitable company keeps accountlng records that comply wlth Sectlons 386 and 387 of the Companles Act 2006 and; b) Preparing financlal statements which glve a true and fair view of the state of affalrs of the charitable cornpany as at the end of the flnancial year and of Its surplus or deflclt for the flnanclal year In accordance wlth the requlrements of Sections 394 and 395 of the Companies Act 2006 and Charity's Act 2011 and whlch otherwlse comply wlth the requlrements of the Companles Act 2006 and the Charlty's Act 2011 relating to financlal statements, so far as applicable to the charitable company. These flnancial statements have been prepared In accordan with the speclal provislons appllcable to small companles within Part 15 the Companies Act 2006 relating to small charitable companies and with the Flnanclal Reporting Standard for Smaller Entltles (effectlve January 2015). Approved by the Trustee Board on and sl9n ont behalf by: Chalrperson Honorary Treasurer Cornpany Registration Number 7858057
CARRAMEA (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNnNG POLICIES 1.1 Basls of prepar•tion of fln•nclal statements The statements have been prepared in accordance wlth Accountlng and Reporting by Charltles Statement of Recommended Practlce applicable to charities preparlng thelr accounts in accordance with Flnanclal Reporting Standard appllcable In the UK and Republic Ireland (FRS 102) Issued on 16 July 2014 and with the Finanaal Reportlng Stsndard appllcable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and the Charities Act 2011. The charlty Is the parent undertaklng of a small group and as such Is not required to prepare group accounts. The flnanclal statements thereft)re present Informatlon al)out the charity as an Indlvidual undertaking and not about Its group. 1.2 Changes to accauntlng estlmates No changes to accountlng estimates have occurred In the reportlng period. 1.3 Mat¢rial prlor years errorn No materlal prlor year errors have been Identlfied In the reportlng perfod. 1.4 Incom• recognltlon Items of Income are recognlsed and Included In the Statement of Flnanclal Actlvltles (SOFA) when all the followlng criterla are met. the Charlty has entbtlement to the funds and resources. any performance conditions attached to the Item of Income has been met or fully wlthln the control of the charity: there Is sufflclent certalnty that recelpt of the income Is consSdered probable. and the amount can be rneasured rellably. There has been no offsettlng of assets and Ilabilitles, or income and expendlture, unless requlred or permltted by FRS 102 SORP or FRS 102. Grants and donatlons are only included in the SOFA when the general income recognltlon criterla are rnet. In the case of performance related grants, Income Is only cOgnised to the extent that the charity has provided the spedflc goods or services in accordance wlth the perfom)ance related condltions. 1.5 Charltsble expendlture and liabllltle8 Charitable expendlture Indudes all expenditure dirertly related to the objects of the charlty. This includes support costs, which are the stafflng and assodated costs of supporting, monitoring and evaluatlng the work of the charity. Where costs cannot be dlrectly attributed to particular headings they have been allocated to activitles on a basis conslstent wlth the use of resources. 1.5.1 Llabllity recognltlon Liablllties are recognlsed where it is more Ilkely than not that there Is a legal or constructlve obligation committing the charlty to pay out resources and the amount of the obllgatlon can be measured wlth reasonable certalnty. io
l.S.2 Governance and support casts Support Costs have been allocated between governance costs and other support. Governance costs comprlse all costs involving public accountabillty of the charity and its compliants with regulatlon and good practice. Support costs include central functlons and have been allocated to actlvlty Cost Categorles on a basis conslstent with the use of resources. 1.5.3 Deferred Income Deferred Income has been included in the accounts In accordance wlth the perlod to whlch It relates to. 1.5.4 Credltors The charity has credltors whlch are measured at settlement amounts less any trade discounts. 1.5.5 Provlslons for Ilabllltle$ A Ilablllty Is measured on recognltion at Its hlstorlcal cost and then subsequently MeasUd at the best estimate of the amount required to settle the obligatlon at the reportlng date. 1.5.6 Baslc financlal Instrum•nts The charity accounts for financlal Instruments on inltlal recognltlon as per paragraph 10.7 FRS 102 SORP, subsequent measurement is per paragraphs 11.7 to 11.9 FRS 102 SORP. 1.6 A#•ets 1.6. 1 Invertment• Flxed assets Investments are stated at cost less impalrment. 1.6.2 D•btor• Debtors are measured on Inltlal recognltion at settlement amount. Subsequently, they are measured at the cash or other conslderatlon expected to be recelved. 1.6.3 Cash and cash equlval•nts Cash and cash equlvalents are represented by cash In hand and deposlts wlth flnandal Institution5 repayable wlthout penalty on notlce of not more than 24 hours. 1.6.4 Tan9lbl• flx¢d assets Depreciation Is provided at the followlng annual rates In order to wrlte off each asset over Its estlmated usefijl Ilfe. Flxtures & Flttlngs 20% on cost 1.7 Funds Funds held by the charlty are elther: 1.7.1 Unre•trlrt•d general funds These funds whlch can be used In accordance with the charltable objects at the dlscretlon of the Trustees. 1.7.2 Restrlcted funds These are funds that can be used for partlcular restricted purposes wlthln the charity. Restrlrtlons arise when specified by the dorK*r or when funds are raised for a partlcular restrlrted purpose. li
CARRAMEA (A Company Umited by Guarantee) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 2. ANALYSIS OF INCOMING RESOURCES Unrestricted Re•trlcted Funds Funds Total 2023 Total 2023 Grant Income Intematlonal Women's Wellbelng Day 150 150 150 Other Incom• Other 74,780 74.780 68.285 TOTAL INCOMING RESOURCES 150 2024 2023 3. STAFF COSTS & TRUSTEES RENUMERATION Full tlme and temporary staff salarles Employers Penslon Contrfbutlon The trustees reIved no remuneratlon during the year. 4. MOVEMENT IN TOTAL FUNDS FOR ThE YEAR (These are stated after charglng) 2024 2023 Independent Examlnerfs remuneration 125 125 125 125 . TAXATION No taxation has been provided for in the Flnanclal Statements as the Income of the Charity Is exempt from income and corporatlon taxes, under Section 505 of the Taxes Act 1988 and Sertlon 252 of the Taxatlon of Chargeable gains Act 1992 as it has been applled for the charitable objects of the company. Irrecoverable VAT has been charged to the relevant expendlture headings wlthin the Flnancial Statements. 12
CARRAMEA (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 6. CREDrroRS: Amounts falllng due wlthln one yeJr 2024 2023 other credltors Accruals 134 325 459 75 325 400 2024 2023 7. SUPPORT COSTS Governance costs Other costs 425 435 860 435 488 923 8. TANGIBLE FIXED ASSErs Computer 2024 Equlpm•nt Total At l April 2023 Additlons In year Dlsposal At 31 M•rch 2024 44,209 44,209 44,209 44.209 At l Aprll 2023 Charge for the year Disposal At 31 March 2024 44.209 44.209 44,209 44,209 Net book valu• At 31 March 2024 At 31 March 2023 L3
CARRAMEA (A Company Llmlted by Guarantee) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 9. GENERAL FUNDS 2024 2023 Opening Balance at l April 2023 Net incoming resources for the year Closlng balan at 31 March 2024 7,358 2.935 10. FUND ANALYSIS 11 Aprll Incomlng 2023 R0rr¢S Outgolng 31t March Re$ourc¢8 2024 Restrlcted fund• Internatlonal Women's Wellbelng Day 150 (150) Total Re•trlct•d Fund• 150 150 Unre•trlcted Fund• General purposes fund 7,358 74,780 76,153 5,985 Tot¥1 Unr••trlct•d Funds TOTAL FUNDS 11. RELATED PARTIES TRANSAcfIoNS The charity is controlled by Its Trustees, who are dlrectors of the company. No transactlons wlth related parties were undertaken such are requlred to be dlsclosed under Financial Reportlng Standard 8. 14