Company registration number: 07362422 Charity registration number: 1151143
JANNATY WOMEN'S SOCIAL SOCIETY (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2020
Uthman Kay Chartered Certified Accountnats 225-227 Seven Sisters Road, Finsbury Park London N4 2DA
JANNATY WOMEN'S SOCIAL SOCIETY
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Strategic Report | 2 |
| Trustees’ Report | 3 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatements | 8to15 |
JANNATY WOMEN'S SOCIAL SOCIETY
Reference and Administrative Details
Trustees MAJIDA M SAYAM HASSAN, Asli SALIMANE, Ilham
Secretary REZKI, Asma'A Principal Office 225-229 SEVEN SISTER ROAD FINSBURY PARK LONDON N4 2DA The charity is incorporated in UK. Company Registration Number 07362422 Charity Registration Number 1151143
Independent Examiner Uthman Kay Chartered Certified Accountnats 225-227 Seven Sisters Road, = Finsbury Park London N4 2DA
Page 1
JANNATY WOMEN'S SOCIAL SOCIETY
Strategic Report for the Year Ended 30 September 2020
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 30 September 2020, in corhpliance with s414C of the Companies Act 2006.
The[strategic] |[report] was[approved][by][the][trustees][of the][charity] ty[on“..:.|~.[..........] on 3/3P22. ana[and][signed] s[on][its][behalf][by:] |
AXezile REZKI, Asma’'A Company Secretary
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JANNATY WOMEN'S SOCIAL SOCIETY
Trustees’ Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2020.
Objectives and activities
Public benefit
Organising various skills training and workshop for women in need to assist their self esteem and job eligibility. The charity runs a clothing charty shop. Members of the public donate clothing items to the shop that are then sold to the general public benefit in furtherance of its objects.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Financial instruments
Objectives andpolicies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
The trustees (who are also the directors of JANNATY WOMEN'S SOCIAL SOCIETY for the purposes of company flaw) are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
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e select suitable accounting policies and apply them consistently; © observe the methods and principies in the Charities SORP;
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e make judgements and estimates that are reasonable and prudent;
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e state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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¢ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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JANNATY WOMEN'S SOCIAL SOCIETY
Trustees’ Report
The annual report was approved by the trustees of the charity on Splat. and signed on its behalf by:
A -Rezle
REZKI, Asma'A Company Secretary
Page 4
JANNATY WOMEN'S SOCIAL SOCIETY
Independent Examiner's Report to the trustees of JANNATY WOMEN'S SOCIAL SOCIETY
I report on the accounts of the charity for the year ended 30 September 2020 which are set out on pages 6 to 15
Respective responsibllities 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 the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 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:
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e examine the accounts under section 145 of the 2011 Act;
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® to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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° 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:
(1) 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
- e 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; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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JANNATY WOMEN'S SOCIAL SOCIETY
a rg A RR EE Statement of Financial Activities for the Year Ended 30 September 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted funds |
Restricted funds |
Total 2020 |
Total 2019 |
||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Income and Endowmentsfrom: | |||||
| Donations and legacies | 3 | 4,315 | = | 4,315 | 661 |
| Charitable activities | 4 | 7,546 | 20,500 | 28,046 | 26,465 |
| Other trading activities | 5 | 16,606 | - | 16,606 | 17,019 |
| Other income | = | : | - | 8 | |
| Total Income | 28,467 | 20,500 | 48,967 | 44,153 | |
| Expenditure on: | |||||
| Raising funds | 6 | (19,947) | - | (19,947) | (19,623) |
| Charitable activities | 7 | (8,034) | (23,824) | (31,858) | (21,694) |
| Total Expenditure | (27,981) | (23,824) | (51,805) | (41,317) | |
| Net income/(expenditure) | 486 | (3,324) | (2,838) | 2,836 | |
| Netmovement in funds | 486 | (3,324) | (2,838) | 2,836 | |
| Reconciliation offunds | |||||
| Total funds broughtforward | 5,955 | 8,222 | 14,177 | 11,341 | |
| Totalfundscarriedforward = | 14 | AAT | 4898 14,339 | 14,177, | |
| All ofthe charity's activities derive from continuing operations during the above two periods. | |||||
| Thefundsbreakdownfor2019isshowninnote14. | : |
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JANNATY WOMEN'S SOCIAL SOCIETY
(Registration number: 07362422) Balance Sheet as at 30 September 2020
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||||||||
|---|---|---|---|---|---|---|
|2020|2019|
|Note|£|£|
|Fixed|assets|
|Tangible|assets|11|-|1,177|
|Current assets|
|Stocks|12|650|650|
|Cash|at|bank and|in|hand|15,527|17,764|
|16,177|18,414|
|Creditors:|Amounts|falling due within one year|13|(4,838)|(5,414)|
|Net current assets|11,339|13,000|
|Net assets|11,339|14,177|
|Funds|of the|charity:|
|Restricted funds|4,898|8,222|
|Unrestricted|income funds|
|Unrestricted funds|6,441|5,955|
|Total funds|14|11,339)|14,177|
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For the financial year ending 30 September 2020 the charity was entitled to exernption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
:
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e The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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e The directors 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.
- Whe financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 3 \3.\2e2. and signed on their behalf by:
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MAJIDA AM
Trustee
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JANNATY WOMEN’S SOCIAL SOCIETY
Notes to the Financial Statements for the Year Ended 30 September 2020
1 Charity status
C
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
JANNATY WOMEN'S SOCIAL SOCIETY 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
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JANNATY WOMEN'S SOCIAL SOCIETY
SS Notes to the Financial Statements for the Year Ended 30 September 2020
Gifts in kind
Gifts in kind are recognised in different ways dependent on how they are used by the charity:
(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised,
(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
(iil) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs costs
Support costs costs , Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ,
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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JANNATY WOMEN'S SOCIAL SOCIETY
Notes to the Financial Statements for the Year Ended 30 September 2020
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class office equipment
Fixtures & Fittings
Depreciation method and rate office equipment - 25% Fixtures & Fittings - 25%
Research and development
Research and development expenditure is written off as incurred.
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost Is determined using the first-in, first-out (FIFO).
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. :
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
3 Income from donations and legacies
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Unrestricted
funds
General Total2020 Total2019
£ £ £
Donations and legacies; .
Donations from individuals 4,315 4,315 o
Gifts in kind : : 661
4,315 4,315 661
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JANNATY WOMEN'S SOCIAL SOCIETY
Notes to the Financial Statements for the Year Ended 30 September 2020
4 Income from charitable activities
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| General | Restricted funds |
Total 2020 |
Total 2019 |
|||
| £ | £ | £ | £ | |||
| Women activities, Workshops & | ||||||
| Training | 7,546 | - | 7,546 | 11,465 | ||
| LB ISLINGTON - COMMUNITY FUND | - | 5,500 | 5,500 | c | ||
| AWARD4 ALL | - | 10,000 | 10,000 | 10,000 | ||
| CRIPPLEGATE | - | - | - | 5,000 | ||
| LBISLINGTON-COVID RENTGRANT | 5 | 5,000 | 5,000 | a | ||
| 7,946 | 20,500 | 28,046 | 26,465 | |||
| Total | ||||||
| 2020 | ||||||
| £ | ||||||
| 5 | Incomefrom othertrading activities | |||||
| Unrestricted | ||||||
| funds | ||||||
| General | Total 2020 |
Total 2019 |
||||
| £ | £ | £ | ||||
| Trading income; | ||||||
| Shop incomefrom sale ofdonated goodsand | and services | 13,259 | 13,259 | , | 16,140 | |
| Other incomefrom other trading activities | 3,347 | 3,347 | 879 | |||
| 16,606 | 16,606 | 17,019 |
6 Expenditure on raising funds
a) Costs of trading activities
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JANNATY WOMEN'S SOCIAL SOCIETY
Notes to the Financial Statements for the Year Ended 30 September 2020
| é' | Unrestricted funds |
||||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Note | General £ |
2020 £ |
2019 £ |
||||
| Costs ofgoods sold | 682 | 682 | 265 | ||||
| Trading subsidiary costs | - | - | 380 | ||||
| Wages and salaries | 8 | 6,048 | 6,048 | 5,519 | |||
| Travelling | 8 | - | - | 51 | |||
| Rentand rates | 8 | 12,600 | 12,600 | 12,794 | |||
| Insurance | 8 | a | a) ) |
||||
| 19,947 | 19,947 | 19,623 | |||||
| 7 Expenditureon charitable activities |
|||||||
| Unrestricted | |||||||
| funds | |||||||
| Note | General £ |
Restricted funds £ |
Total 2020 £ |
Total 2019 £ |
|||
| Women activities, | |||||||
| Workshops&Training | - | 4,949 | 4,949 | 320 | |||
| Trainers fees | - | 4,434 | 4,434 | - | |||
| AWARD4 ALL | - | - | - | 5,700 | |||
| CRIPPLEGATE | - | - | - | 2,600 | |||
| Telephone and fax | 8 | 872 | - | 872 | 853 | ||
| Casual wages | 8 | - | 2,850 | 2,850 | ; | a | |
| Travelling | 8 | - | - | - | 617 | ||
| Volunteerexpenses | 8 | a | 2,001 | 2,001 | - | ||
| Volunteerexpenses | 8 | ; | - | - | - | 2,594 | |
| Rentand rates | 8 | - | 5,363 | 5,363 | 5,966 | ||
| Printing, postage and | |||||||
| stationery | 8 | 1,514 | - | 1,514 | ao | ||
| Kids Gifts | 8 | o | 374 | 374 | a | ||
| Covid Response Food, | bs | ||||||
| Refreshments | 8 | - | 3,853 | 3,853 | a | ||
| Independent Examiner’s | |||||||
| remuneration | 8 | 625 | a | 625 | 600 | ||
| Other governance costs | 8 | 97 | - | 97 | - | ||
| Allocated support costs | 8 | 1,177 | ~ | 1,177 | 1,179 | ||
| 4,285 | 23,824 | 28,109 | 20,429 |
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JANNATY WOMEN'S SOCIAL SOCIETY
rrrr i ie: Notes to the Financial Statements for the Year Ended 30 September 2020
Total 2020 £ Total 2020 £
8 Analysis of governance and support costs
Governance costs
Bank charges Depreciation of fixtures and fittings Depreciation of office equipment
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Unrestricted
funds
General Total2020 Total2019
E £ £
97 97 -
813 813 813
364 364 366
1,274 1,274 1,179
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JANNATY WOMEN'S SOCIAL SOCIETY
Notes to the Financial Statements for the Year Ended 30 September 2020
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
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Furniture and
equipment Total
£ £
Cost
At 1 October 2019 7,162 7,162
At 30 September 2020 7,162 7,162
Depreciation
At 1 October 2019 5,985 5,985
Charge for the year 1,177 1,177
At 30 September 2020 7,162 7,162
Net book value
At 30 September 2020 = ~
At 30 September 2019 1,177 . 1,177
12 Stock
2020 2019
£ £
Stocks 650 650
13 Creditors: amounts falling due within one year
2020 2019
£ £
Trustees current accounts 4,213 4,214
Accruals 625 1,200
4,838 5,414
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JANNATY WOMEN'S SOCIAL SOCIETY
RS NS Notes to the Financial Statements for the Year Ended 30 September 2020
Other borrowings
Trustees initial set-up costs of the charity - Not considered due for the forseable future. with a carrying amount of ENil (2019 - £4,213) is denominated in with a nominal interest rate of 0%. The final instalment is due on .
14 Funds
| Balance at 30 | ||||
|---|---|---|---|---|
| Balanceat1 October2019 £ |
Incoming resources £ |
Resources expended £ |
September 2020 £ |
|
| Unrestricted funds | ||||
| General | (5,955) | (28,467) | 27,981 | (6,441) |
| Restrictedfunds | (8,222) | (20,500) | 23,824 | (4,898) |
| Totalfunds | (14,177) | (48,967) | 51,805 | (11,339) |
| 15 Analysis ofnetfunds | ||||
| At 30 | ||||
| At 1 October | September | |||
| 2019 | Cash flow | 2020 | ||
| £ | £ | £ | ||
| Cash atbank and in hand | 17,764 | (2,237) | 15,527 | |
| Netdebt | 17,764 | (2,237) | 15,527 |
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