Charity Commission No: 1155376 AAR FOUNDATION CIO 73n6 Shaw Hill Road Birmingham B3 3LN REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
AAR FOIJNDATION CIO 73n6 Sbaw Hill Road Page Charity infornjation Trustees, Report Accountants Report Ststement of Financial Activities Balance Sheet Notes to the acLx)unts
SIGNIFICANT INFORMATION Principal office AAR FOUNDATION CIO 73176 Shaw Hill Road Birmingham B3 3LN Registered Charity No 1155376 Officers The charity trustees during the year ended 31 March 2024 were Mr Amran Ellahi Mrs Yasmin Akhtar Mrs Sara Aslam Chainnan and Trustee Trustee Trustee Bankers Barclays Bank PIC Leicester LE87 2BB
AAR FOUNDATION CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report for the year ended 31 March 2024. The fmancial statements have been prepared in accordance with the accounting policies on page 7 and comply with the charity's tt deed and applicable law. The charity is a Charitable IncOorated 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 leisure- time occupation with the object of improving the conditions of life for the said inhabitants. To establish or secure the establishment of a comrnunity centre and to maintsin 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 cornmunities. These included musical p¢rfonnanc¢s. communial madetion and cultural celebrations.we also gave out community hampers to support famalies who experiencing financial difficulties FINANCE During the period the charity raised funds by collecting donations and gifts from community members. TRUSTEESI 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 ststements 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 concem basis unlcss it is inappropriate to - presume that the charity will continue in operation.
AAR FOUNDATION CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (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 financiat position of the Associatio 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 st¢ps for the prevention and detection of frdud and other irregularities RISK MANAGEMENT The trustees have aSseSd the major risks to which the charity is exporf and are satisfied that systems are in pla to mitigate our exposure to the major risks. RESERVLS POLICY The Reserve Fund represents unrestricted fimds. 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 28 JAnuary 2025 and signed on their behalf by: Chairnlanrrrustee Amran Ellahi
Independent Examiner's Report to the Trustees of AAR Foundation CIO I report on the accounts of AAR Foundation CIO for the period endd 31 March 2024 which are set out on pages 5 to 9. Responsibililies and basis of report As the charity's trustees you are responsible for the preparation of the acLX)unts in accordance with the rquirements of the Charities Act 2011 ('the Act.). I report in respect of my ekqmination of the charity's accounts carried out under section 145 of the Act and in carying out my eMInation I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the ACL Independent examiner's ststement I have completed my examination. I confirni that no material 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 charity as required by section 130 of the ACL or 2. the aoUnts do not accord with those records or the accounts do not comply with the applicable requirements concerning the fonn 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 eInatIOn to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MAHMOOD AHED CHARTERED CERTIFIED AccoiJNfANT 784 Alum Rock Road Ward End Birmingham B8 2TE Dated: 28 January 2025
AAR FOUNDATION CIO STATEMENf OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Ineome and endowments Donations and gifts Other income 4.907 390 2.544 500 Total ineome 5.297 Expenditure Expenditure on cbaritable Activities: Functions and events Rates and water Insurance Heat and light 155 460 774 686 143 2,279 737 889 ¥ I I Telephone Repairs and renewals Sundry expenses Accountancy fees Depreciation 355 452 46 350 780 654 604 21 250 918 Total cxpenditure 4,058 6,495 Net ineoming resources for the year 1239 (3.451) Total funds brought forward 18.657 22.108 Total funds earned fornard 19,896 18,657 The notes on pages 7-9 form part of these accounts
AAR FOUNDATION CIO BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible fixed &8sets 53.253 54,033 CURRENT ASSETS Other debtors Cash at bank and in hand 3,200 6.675 3200 4,511 9.875 7.711 CREDITORS: Amounts falling Due within one year Creditors and accruals (395) (250) TOTAL ASSETS LESS CURRENT LIABILITIES 9.480 7,461 NET ASSETS 62,733 61,494 FUNDS Unrestrieted funds General fund 62.733 61.494 TOTAL CHARITY FUNDS 62.733 61,494 Approved by the board of Trustees OD 28 January 2025 and signed on thelr behalf by: Amran Ellahi TRUSTEE The notes on page 7-9 fonn part of these accounts
AAR FOUNDATION CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of Accounting The financial statements have been prepared in accordance wfith the Charltles SORP FRS 102 applicable to charities preparing their accounts in accordance wlth FRS 102. the Flnanaal Reporting Standard applicable in the UK and Republic of Ireland. the Companies Art 2006 and UK Generally Accepted Practice as it applles from I lanuary 2015. The Charity meets the definition ofa public benefit entity under FRS 102. Assets and Ilabilfities are initially recognised at historical cost or transaction value unless other wlse ststed in the relevant accountlng policy note[s). Preparadon ofthe accounts on a gotng concern basts After making enquire4 the Trustees have a re&8onable expectation that the Charity has adquate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the 80ing concern basis in preparing the financial statements. There are no material uncertainties casting doubt on going collcn. 12 Income Donations and legacies are recognised as income when the charity becomes entitled to the resources Other income as arxounted for on an accrual basis as far as it is prudent to do so. Income includes income tax recoverable. IJ Glfts in kiDd The charity receives the benefit of work carried out by volunteers, and rCIv¢S 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 &8sets 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. Inwoverable V AT is included in the cost of those items to which it relates. 1.7 Depreciation Improvement to propety: Construction work of centre is in progress and no deprlation is harged. Fixtures and fittings 150/0 reducing balance
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 2. Trnstees, 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 expenscs has been made or is due to be made to any of the trustees in respect of the year. 2024 2023 DONATIONS AND Gs Donations received 4,907 2.725 TANGIBLE FIXED ASSETS Fixtures & rittings Improvement to property Total Cost As at 3 I103123 9.822 48.832 58,654 As at 3 1103124 9,822 48,832 58.654 Depreciation As at 31103123 Charge for the year 4.621 780 4,621 780 As at 31103124 5.401 5,401 Net Book Value At 31.0312023 53253 53253 At 3110312022 5201 48,832 54,033 Centre construction is in progress and no depcIatiOn 1$ charged 2024 2023 CREDITORS: Amounts falling due Wlthin one year 396 250
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Unre8trlcted Funds 61.494 5297 (4,058) Opening balance Incoming resources Outgoing resources Closing balance 62,733 Represented byNet current assets 62.733 GOING CONCERN Trustee's are satisfied that the charity will be able to continue its activities and Ther¢for¢ accounts ar¢ preparred as going concern