## **POSITIVE START**
Accounts & Reports
For the year ended 30 June 2021
## **POSITIVE START**
## Contents
For the year ended 30 June 2021
||Page|
|---|---|
|Legal and administrative information|1|
|Trustees’ report|2-4|
|Independent Examiner’s report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8-11|
## **POSITIVE START**
Legal and Administrative Information
For the year ended 30 June 2021 Status: The organisation is a charitable incorporated organisation and is registered with Charities Commission on 13[th] June 2014. Charity Number: 1152410 Registered Office & Business Address: 195 Seven Sisters Road London N4 3NG Trustees: Mr. Abdiaziz Sheikh Chair Ms. Sagal Ali Ba Member Mr. Mohamed Ahmed Member Accountants: Issa Associates Chartered Certified Accountants 116 Cumberland House 80 Scrubs Lane London NW10 6RF
1
## **POSITIVE START**
Trustees’ Report
For the year ended 30 June 2021
I am pleased to present the Trustees Report and Annual Accounts of Positive Start for 20202021, during which the Organisation has grown to support a large number of users from diverse communities and has worked in partnership with many organisations that have helped make our work possible.
## _Objectives_
The objects of the CIO are:
- To promote the benefit of the inhabitants of the area of benefit without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants;
- To establish, or secure the establishment of, a Community Centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the Objects;
- To promote such other charitable purposes as may from time to time be determined.
_Legal structure_
Positive Start is a charitable incorporated organisation and is registered with Charities Commission with effect from 13[th] June 2013.
## _Financial statements_
The trustees submit their trustees’ report and financial statements for the year ended 30 June 2021.
## _Policies:_
_Reserve policy:_
The trustees recognise the need to keep reserves at a level which will give the organisation stability to enable it to continue to operate in the future. The actual level of reserves required is currently under review.
## _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 and in particular increase unrestricted funds to meet running costs of the organisation.
2
## **POSITIVE START**
Trustees’ Report (continued)
For the year ended 30 June 2021
## _Trustees Responsibilities_
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity at any time and enable the trustees to prepare financial statements for each financial year. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
## _Activities and Achievements_
The charity is managed by 3 elected trustee members, and 4 volunteers. The office is open from Monday-Friday between 10.00am and 4.00pm.
## **Public Benefit Statement**
It has been long established concern that the local community lacks a properly run preschool/nursery to cater for the needs of the newly settled inhabitants of the area. It was therefore agreed to fund raise (from the local community) to this purpose. Initially, it was agreed to acquire premises fit for the purpose with facilities for education as well community events. The capital was raised by various local events including organising concerts featuring live talks, music bands and personal collections.
## **Activities and Achievements during the period**
We have successfully organised fundraising through the local community totalling £16000. This was for leasing of a 3400 sqf property. Our aim was to establish a pre-school education for the local community. Unfortunately, the landlord (Art Media School) did not get planning permission from the Secretary of State to install drainage to the property. We have unsuccessfully, tried to lease other premises for the community but were outbid by other local businesses.
## **Plans for the Future**
In 2020-21 the objectives of the committee are to continue to develop activities in education and other essential services we will:
- set up website
-
- Take advantage of Google Ad-word grant to raise funds
- Collect used books and distribute it to the needy people
- Organise volunteers to make audio books for the blind
- Translation services in Somali language
3
## **POSITIVE START**
Trustees’ Report (continued)
For the year ended 30 June 2021
## _Funding_
The charity is generously funded by the local community which made possible the initiation and continuation of this service to improve lives of service users and our volunteers.
This report was approved by the board and signed on its behalf by:
................................ Abdiaziz Sheikh Chair
Date: 23 March 2022
4
## **POSITIVE START**
Independent Examiner’s Report
For the year ended 30 June 2021
I have examined the accounts on pages 5 to 7 which have been prepared on the accruals basis.
## _**Respective responsibilities of trustees and examiner**_
The charity’s trustees are responsible for the preparation of the 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.
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 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act, have not been met;
-----------------------------------------Issa Associates Chartered Certified Accountants Suite 116 Cumberland House 80 Scrubs Lane London, NW10 6RF
Date: 23 March 2022
5
## **POSITIVE START**
## **Statement of Financial Activities**
## **For the year ending 30 June 2021**
||**Notes **|**Unrestricted**|**Restricted**|**2021**|**2020**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|**_Incoming resources_**||||||
|From charitable activities|2|-|-|-|-|
|Investment income|2|-|-|-|-|
|**Total incoming resources**||**-**|**-**|**-**|**-**|
|**_Resources expended_**||||||
|Charitable activities|3|-|-|-|-|
|Governance costs|4|-|-|-|-|
|**Total Resources Expended**||**-**|**-**|**-**|**-**|
|Less Adjustment||||||
|Net resources for the year||-|-|-|-|
|Fund balances at 30 June 2020||30|-|30|30|
|**Fund balances at 30 June 2021**||**30**|**-**|**30**|**30**|
6
## **POSITIVE START**
## **Balance Sheet**
## **For the year ending 30 June 2021**
|Notes
**_Fixed assets_**
Tangible assets
6
**_Current Assets:_**
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
Unrestricted funds|£
£
£
£
-
-
30
30
30
30
-
-
30
30
30
30
-
-
30
30
30
30
2021
2020|
|---|---|
||30
-|
|||
For the financial year ended 30 June 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 1 to 6 were approved by the board and signed on their behalf by:
**………………………………..** Abdiaziz Sheikh Chair
Date: 23 March 2022
7
## **POSITIVE START**
## **Notes to the Accounts**
## **For the year ending 30 June 2021**
## **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 Standard 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 straight line basis.
8
## **POSITIVE START**
## **Notes to the Accounts**
## **For the year ended 30 June 2021**
|**2. Grants and Donations**
**2. Investment Income**
Interest receivable
Total Incoming Resources
Community donations & fundraising|Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
-
-|Restricted
Funds
£
-
-
Restricted
Funds
£
-
-|2021
Total
2020
Total
£
£
-
-
-
-
2021
Total
2020
Total
£
£
-
-
-
-|
|---|---|---|---|
9
## **POSITIVE START**
## **Notes to the Accounts**
## **For the year ending 30 June 2021**
## **3a. Direct Charitable Expenditure**
|Events
Volunteers
**3b. Support Costs**
Total Charitable Activities
**4. Governance**
Total Resources Expended
Legal and Professional
General Administration
Rent and hall hire
Depreciation|Unrestricted
Funds
£
-
-
-
-
Unrestricted
Funds
£
-
-
-
-
Unrestricted
Funds
£
-
-
-|Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-|2021
Total
2020
Total
£
£
-
-
-
-
-
-
-
-
2021
Total
2020
Total
£
£
-
-
-
-
-
-
-
-
2021
Total
2020
Total
£
£
-
-
-
-
-
-|
|---|---|---|---|
10
## **POSITIVE START**
## **Notes to the Accounts**
|**5**
**Paid employees**
5.1
_Staff costs_
Gross wages salaries and benefits in kind
Employers National Insurance costs
5.2
_Number of employees_
The average monthly number of employees during
the year was:
Charitable activities
**6**
**Tangible Fixed Assets**
**7**
**Creditors – Amounts falling due within one year**
**Cost**
At 30 June 2020
**For the year ending 30 June 2021**
**Depreciation**
At 30 June 2020
At 30 June 2021
Additions
Other Creditors
At 30 June 2021
Charged in the Year
30 June 2020
**Net Book Value**
At 30 June 2021|2021
2020
£
£
-
-
-
-
-
2021
2020
Number
Number
-
-
-
-
**Office**
**Equipment**
**Total**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2021
2020
£
£
-
-
-
-
-
-|
|---|---|
11