2021-06-30-accounts - Iftiin Education & Development

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Charity number: 1149900

Company number: 08096869

(England and Wales)

Iftiin Education & Development

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 June 2021

Iftiin Education & Development Contents Page For the year ended 30 June 2021

Report of the Trustees	1
Independent Examiner's Report to the Trustees	2
Statement of Financial Activities	3
Statement of Financial Position	4
Notes to the Financial Statements	5 to 9
Detailed Statement of Financial Activities	10 to 11

Iftiin Education & Development Report of the Trustees

For the year ended 30 June 2021

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 June 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Iftiin Education & Development Charity registration number 1149900 Company registration number 08096869 Principal address Angel Community Centre, 6 Raynham Road London N18 2JF

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mohamud Osman Geddi Ahmed Moalim Abdalle Mahdi Ahmed Diriye Laila Ahmed Yahye Sh Hassan Ali Abuukar Ahmed Warsame Faisal Abdullah Kadie Maxamed Nuur Independent examiners Accentor Associates Limited 639 Green Lanes London N8 0RE

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 17 March 2022 Faisal Abdullah Kadie

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Iftiin Education & Development Independent Examiners Report to the Trustees

For the year ended 30 June 2021

I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2021.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

M Ahson FCA

Accentor Associates Limited 639 Green Lanes London N8 0RE

17 March 2022

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Iftiin Education & Development

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 June 2021

	Notes	Unrestricted	Restricted	2021	2020
		funds	funds
		£	£	£	£
Income and endowments from:
Donations and legacies	2	45,039	7,334	52,373	130,710
Total		45,039	7,334	52,373	130,710
Expenditure on:
Raising funds	3	(17,083)	-	(17,083)	(39,448)
Charitable activities		(7,067)	(11,000)	(18,067)	(100,609)
Total		(24,150)	(11,000)	(35,150)	(140,057)
Net income/expenditure		20,889	(3,666)	17,223	(9,347)
Reconciliation of funds
Total funds brought forward		5,383	12,028	17,411	26,758
Total funds carried forward		26,272	8,362	34,634	17,411

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Registered Number : 08096869

Iftiin Education & Development Statement of Financial Position As at 30 June 2021

	Notes	2021	2020
		£	£
Fixed assets
Tangible assets	8	4,182	5,000
		4,182	5,000
Current assets
Cash at bank and in hand		30,342	12,411
		30,342	12,411
Creditors: amounts falling due within one year		110	-
Net current assets		30,452	12,411
Total assets less current liabilities		34,634	17,411
Net assets		34,634	17,411
The funds of the charity
Restricted income funds	9	8,362	12,028
Unrestricted income funds	9	26,272	5,383
Total funds		34,634	17,411

For the year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance
with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Faisal Abdullah Kadie Trustee 17 March 2022

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Iftiin Education & Development Notes to the Financial Statements

For the year ended 30 June 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Iftiin Education & Development meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. Income from donations and legacies

	Unrestricted	Restricted	2021	2020
	funds	funds
	£	£	£	£
Donations received	45,039	7,334	52,373	130,710
	45,039	7,334	52,373	130,710

3. Expenditure on generating donations and legacies

xpenditure on generating donations and legacies
	2021	2020
	£	£
Unrestricted funds
Donations	1,888	35,465
Legacies	13,059	-
Support costs	2,136	3,983
	17,083	39,448

4. Analysis of support costs

nalysis of support costs
	Raising	Activity 1	2021	2020
	funds
	£	£	£	£
Management	170	-	170	963
IT	748	-	748	-
Bank Charges	-	1,042	1,042	323
Support cost 8	-	1,600	1,600	2,815
Support cost 9	-	120	120	210
Governance costs	1,218	-	3,340	4,380
	2,136	2,762	7,020	8,691

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Iftiin Education & Development Notes to the Financial Statements Continued

For the year ended 30 June 2021

5. Net income/(expenditure) for the year

This is stated after charging/(crediting):

	2021	2020
	£	£
Accountancy fees	1,560	1,360
Staff pension contributions	748	785

6. Staff costs and emoluments

Total staff costs for the year ended 30 June 2021 were:

Total staff costs for the year ended 30 June 2021 were:
		2021	2020
		£	£
Salaries and wages		13,059	31,827
Pension costs		748	785
		13,807	32,612
		2021	2020
Employees		4	4
		4	4
omparative for the Statement of Financial Activities
	Unrestricted	Restricted	2020
	funds	funds
	£	£	£
Income and endowments from:
Donations and legacies	64,708	66,002	130,710
Total	64,708	66,002	130,710
Expenditure on:
Raising funds	(36,428)	-	(36,428)
Charitable activities	(15,090)	(85,519)	(100,609)
Total	(51,518)	(85,519)	(137,037)
Net income/expenditure	13,190	(19,517)	(6,327)
Reconciliation of funds
Total funds brought forward	(4,787)	31,545	26,758
Total funds carried forward	8,403	12,028	20,431

7. Comparative for the Statement of Financial Activities

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Iftiin Education & Development Notes to the Financial Statements Continued

For the year ended 30 June 2021

8. Tangible fixed assets

Cost or valuation At 01 July 2020 At 30 June 2021 Depreciation At 01 July 2020 At 30 June 2021 Net book values At 30 June 2021 At 30 June 2020	Motor Vehicles £ 5,000
	5,000
	818
	818
	4,182
	4,182

9. Movement in funds

Unrestricted Funds General General General Unrestricted Funds - Previous year General General General Restricted Funds	Balance at 01/07/2020 £ 10,005 (4,622) 5,383 Balance at 01/07/2019 £ (165) (4,622) (4,787)	Incoming resources £ 45,039 - 45,039 Incoming resources £ 64,708 - 64,708	Outgoing resources £ (24,150) - (24,150) Outgoing resources £ (54,538) - (54,538)	Balance at 30/06/2021 £ 30,894 (4,622)
				26,272
				Balance at 30/06/2020 £ 10,005 (4,622)
				5,383

	Balance at	Incoming	Outgoing	Balance at
	01/07/2020	resources	resources	30/06/2021
	£	£	£	£
Restricted	12,028	7,334	(11,000)	8,362
	12,028	7,334	(11,000)	8,362

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Iftiin Education & Development Notes to the Financial Statements Continued For the year ended 30 June 2021

Restricted Funds - Previous year

Restricted Purpose of restricted funds Restricted Other-Restricted Poverty Alleviation Comic Relief	Balance at 01/07/2019 £ 31,545 31,545	Incoming resources £ 66,002 66,002	Outgoing resources £ (85,519) (85,519)	Balance at 30/06/2020 £ 12,028
				12,028

10. Analysis of net assets between funds

Unrestricted funds General General General Restricted funds Restricted	Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 3,728 27,166 30,894 454 (5,076) (4,622) - 8,362 8,362
	4,182 30,452 34,634

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Iftiin Education & Development Notes to the Financial Statements Continued

For the year ended 30 June 2021

Previous year

Previous year
	Tangible	Net current	Net Assets
	fixed assets	assets /
		(liabilities)
	£	£	£
Unrestricted funds
General
General	4,546	5,459	10,005
General	454	(5,076)	(4,622)
Restricted funds
Restricted	-	12,028	12,028
	5,000	12,411	17,411

11. Company limited by guarantee

Iftiin Education & Development is a company limited by guarantee and accordingly does not have a share capital.

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Iftiin Education & Development Detailed Statement of Financial Activities For the year ended 30 June 2021

INCOME AND ENDOWMENT Donations and legacies Donations Total incoming resources EXPENDITURE Raising donations and legacies Staff costs - wages & salaries Staff costs - pension contributions Subcontractor costs Vehicle Running Costs Telephone Depreciation-Motor vehicles Staff costs - wages & salaries Charitable activities Staff costs - wages & salaries (Activity 1) Subcontractor Costs (Activity 1) Telecommunications (Activity 1) Travel (Activity 1) Rent/Rates (Activity 1) Professional fees (Activity 1) Vehicle Running costs (Activity 1) Donation (Activity 1) Teachers Salaries (Activity 1) Training (Activity 1) Out-reach Travel (Activity 1) SUPPORT COSTS Management Marketing & Advertising Telephone IT Staff costs - pension contributions Bank Charges Bank Charges (Activity 1) Support cost 8 Insurance (Activity 1)	£ 2021 52,373 52,373 52,373 - - - - (1,070) (818) (13,059) (14,947) - - - - - (1,925) (258) (11,000) - - - (13,183) (170) - (170) (748) (748) (1,042) (1,042) (1,600) (1,600)	£ 2020 130,710
		130,710
		130,710 (26,329) (785) (2,187) (6,164) - - -
		(35,465) (5,498) (12,424) (353) (2,070) (4,500) - - - (58,756) (10,848) (1,452)
		(95,901) (155) (808)
		(963) -
		- (323)
		(323) (2,815)
		(2,815)

Support cost 9

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This page does not form part of the statutory financial statements

Iftiin Education & Development Detailed Statement of Financial Activities Continued For the year ended 30 June 2021

Printing, Postage, Stationary (Activity 1) Governance costs Motor and travel expenses Fees Accountancy fees (Activity 1) Accountancy fees (Activity 10) Professional Fee (Activity 10) Total resources expended Net Income	(120) (120) (1,218) - - (1,560) (562) (3,340) (35,150) 17,223	(210)
		(210) - (3,020) (1,360) - -
		(4,380)
		(140,057)
		(9,347)

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This page does not form part of the statutory financial statements