Charity Commission No: 1155376 

## **AAR FOUNDATION CIO** 

**73/76 Shaw Hill  Road Birmingham B3 3LN** 

**REPORT AND ACCOUNTS FOR THE YEAR  ENDED 31 MARCH 2021** 



## **AAR FOUNDATION CIO** 

## **73/76 Shaw Hill  Road Birmingham B3 3LN** 

## **CONTENTS** 

||**Page**|
|---|---|
|Charity information|1|
|Trustees' Report|2-3|
|Accountants Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the accounts|7|





## **SIGNIFICANT INFORMATION** 

## **Principal office** 

## **AAR FOUNDATION CIO** 

## **73/76 Shaw Hill  Road Birmingham B3 3LN** 

Registered Charity No 1155376 

## **Officers** 

The charity trustees during the year ended 31 March 2021 were 

Mr Amran  Ellahi Mrs Yasmin Akhtar Mrs Sara Aslam 

Chairman  and Trustee Trustee Trustee 

## **Bankers** 

Barclays Bank Plc Leicester LE87 2BB 

1 



**AAR FOUNDATION CIO** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021** 

The Trustees present their report for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies on page 7 and comply with the charity's trust deed and applicable law. 

The charity is a Charitable Incorporated Organisation (CIO) governed according to the constitution dated 22 November 2013 and the charity is registered with the Charity Commission in England (No: 1155376). 

## **OBJECTS** 

The objects of the CIO are: to promote the benefit of the inhabitants of Washwood Heath and surrounding areas without distinction of gender, 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 interest of social welfare for recreation and leisuretime 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) in furtherance of the objects 

## **ACTIVITIES AND PROGRESS** 

During the year various activities took place to develop the social and communal experiences of our local and wider communities. These included story telling, musical performances and cultural celebrations.Due to Covid these were mainly online. 

## **FINANCE** 

During the period the charity raised funds by collecting donations and gifts from community members. 

## **TRUSTEES' RESPONSIBILITY FOR THE ACCOUNTS** 

Charity law requires the trustees of the Association to prepare statements of accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing those financial statements, the trustees are required to : 

- select suitable accounting policies and apply them consistently; 

- make judgements and estimates that are reasonable and prudent. 

- to prepare the financial statements in accordance with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charities and to state whether or not the accounts have been prepared in accordance with that statement and applicable accounting standards; 

- prepare the financial statements on the going concern basis unless it is inappropriate to 

- presume that the charity will continue in operation. 

2 



**AAR  FOUNDATION CIO** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021 (continued)** 

The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the Association, and to enable them to ensure that any statements of account comply with the requirements of the Charity (Accounts and Reports) Regulations 2000. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities 

## **COVID19 IMPACT** 

As with many organisations, we have been following Government Guidence since March 16[th] 2020 to minimise the risk to the public, our staff, volunteers and members. The impact on revenue will be significant due to the risks and social distancing rules. 

The full impact will not be known until full lockdown is over and when the charity activities can be commenced as normal. 

## **RISK MANAGEMENT** 

The trustees have assessed the major risks to which the charity is exposed,  and are satisfied that systems are in place to mitigate our exposure to the major risks. 

## **RESERVES POLICY** 

The Reserve Fund represents unrestricted funds. The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which allow them to respond quickly to the needs of the Charity. 

## **Approved by the board of  Trustees on 21 June 2021    and signed on their behalf by:** 

..................................... Chairman/Trustee Amran Ellahi 

3 



## **Independent Examiner's Report to the Trustees of AAR Foundation CIO** 

I report on the accounts of  AAR Foundation CIO for the period  ended 31 March  2021 which are set out on pages 5 to 9. 

## **Responsibilities and basis of report** 

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

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

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the accounts do not accord with those records or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.. 

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. 

**MAHMOOD AHED 784 Alum Rock Road CHARTERED CERTIFIED ACCOUNTANT Ward End Birmingham B8 2TE** 

Dated: 21 June 2021 

4 



**AAR FOUNDATION CIO** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

||**2021**|**2020**|
|---|---|---|
|**Income  and endowments**|||
|Donations and  gifts|6,237|6,381|
|Other income|14,975|717|
||----------|---------|
|**Total income**|21,212|7,098|
||======|=====|
|**Expenditure**|||
|**Expenditure on charitable**|||
|**Activities:**|||
|Functions and events|296|404|
|Rent|1,050|4,200|
|Rates and water|1,215|1,296|
|Insurance|1,385||
|Heat and light|788|1,638|
|Telephone|250|-|
|Post and stationery|156|65|
|Repairs and renewals|936|64|
|Sundry expenses|273|30|
|Accountancy fees|300|300|
|Depreciation|1,131|280|
||----------|---------|
|Total expenditure|7,780|8,277|
||======|======|
|**Net incoming resources for the year**|13,432|(1,179)|
|**Total funds brought forward**|3,388|4,567|
||**--------**|**--------**|
|**Total funds carried forward**|16,820|3,388|
||**=====**<br>|**=====**|



The notes on pages  7-9  form part of these accounts 

5 



**AAR FOUNDATION CIO** 

|**BALANCE SHEET**||||||
|---|---|---|---|---|---|
|**AS AT 31 MARCH 2021**||||||
||||**2021**||**2020**|
||||**£**||**£**|
|**FIXED ASSETS**||||||
|Tangible fixed assets|3||50,692||45,866|
|**CURRENT ASSETS**||||||
|Cash at bank and in hand||9,865||959||
|**CREDITORS**: Amounts falling||||||
|Due within one year|4|||||
|Creditors and accruals||(900)||(600)||
|||-------||--------||
|**TOTAL ASSETS LESS**||||||
|**CURRENT LIABILITIES**|||8,965||359|
||||---------||---------|
|**NET ASSETS**|||59,657||46,225|
||||======||=====|
|**FUNDS**||||||
|**Unrestricted funds**||||||
|General fund|5||59,657||46,225|
||||----------||---------|
|**TOTAL CHARITY FUNDS**|||59,657||46,225|
||||======||======|



## **Approved by the board of  Trustees on  21 June 2021  and signed on their behalf by:** 

........................................... Amran Ellahi TRUSTEE 

The notes on page 7-9 form part of these accounts 

6 



**AAR FOUNDATION CIO** 

**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **1.1 Basis of Accounting** 

The financial statements have been prepared in accordance with the Charities SORP FRS 102 applicable to charities preparing their accounts in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. 

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless other wise stated in the relevant accounting policy note(s). 

## **Preparation of the accounts on a going concern basis** 

After making enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. There are no material uncertainties casting doubt on going concern. 

## **1.2 Income** 

Donations and legacies are recognised as income when the charity becomes entitled to the resources Other income as accounted for on an accrual basis as far as it is prudent to do so. Income  includes income tax recoverable. 

## **1.3 Gifts in kind** 

The charity receives the benefit of work carried out by volunteers, and receives the use of facility and equipment without charge. No value is placed on these items, where the benefit extends over several periods, in which case they are valued and included in the balance sheet at a reasonable valuation. 

## **1.4 Grants** 

Revenue grants are credited to the income and expenditure account as received, unless related to a specific period, when it is placed in a restricted funds until it is used. 

## **1.5 Capital expenditure** 

Any expenditure related to the construction of the cultural centre is capitalised and included in the tangible fixed assets 

## **1.6 Taxation** 

As a registered charity, the company benefits from Rates relief and is generally exempt from Income tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. 

## **1.7  Depreciation** 

Improvement to  property: Construction work of centre is in progress and no depreciation is charged. Fixtures and fittings 15% reducing balance 

**7** 



**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **2** . **Trustees' Remuneration and Expenses** 

No remuneration directly or indirectly out of the funds of the charity was paid or payable for the period to any trustee or to any person or persons known to be connected with any of them. No reimbursement of expenses has been made or is due to be made  to any of the trustees in respect of the year. 

**2021  `               2020 £ £ DONATIONS AND GIFTS** Donations received 6237 6,381 ===== 

## **2. DONATIONS AND GIFTS** 

## **3. TANGIBLE FIXED ASSETS** 

||**Fixtures &**|**Improvement t**|**Total**|
|---|---|---|---|
||**fittings**|**property**||
||**£**|**£**|**£**|
|**Cost**||||
|As at 31/03/20|3,196|44,281|47,477|
|Addition|5,957|-|5,957|
||---------|-----------|-----------|
|As at 31/03/21|9,153|44,281|53,434|
||======|======|======|
|**Depreciation**||||
|As at 31/03/20|1,611|-|1,611|
|Charge for the year|1,131|-|1,131|
||----------|----------|----------|
|As at 31/03/21|2,742|-|2,742|
||======|======|======|
|**Net Book Value**||||
|At 31.03/2021|6,411|44,281|50,692|
||======|======|======|
|At 31/03/ 2020|1,585|44,281|45,866|
||=======|======|======|



Centre construction is in progress and no depreciation is charged 

|||**2021**|**2020**|
|---|---|---|---|
|**4.**|**CREDITORS: Amounts falling due**|||
||**Within one year**|900|600|
|||**====**|**====**|



**8** 



**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **5. FUNDS** 

|**FUNDS**||
|---|---|
||**Unrestricted**|
||**Funds**|
|Opening balance|46,225|
|Incoming resources|21,212|
|Outgoing resources|(7,780)|
||----------|
|Closing balance|59,657|
||======|
|Represented byNet current assets|59,657|
||**======**|



## **6. GOING CONCERN** 

As explained in the Trustees Report although the disruption caused by Coronavirus and lower expected income, Trustee’s are satisfied that the charity will be able to continue its activities possibly at lower scale when it is allowed to reopen.. Also there should be no impact on charities reserve policy. 

9