Accounts
OUR CHILDREN OUR UMMAH
Reports and Accounts
For the Year Ended
31 March 2021
Charity number 1157224
OUR CHILDREN OUR UMMAH Reports and accounts Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report & Statement of responsibilities | 2 to 4 |
| Independent Examiner Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Annual Accounts | 8 to 10 |
OUR CHILDREN OUR UMMAH Reference and Administrative Details
Trustees Mr Mohammed Kaydul Islam Trustee Mr Abdullah Memi Trustee Mr Mohammed Aminur Rahman Trustee Principal Office Unit 1, Britannia Estate Leagrave Road Luton LU3 1RJ Charity Registration Number 1157224 Bankers Al Rayan Bank 44 Hans Crescent Knightsbridge London SW1X 0LZ Independant Examiner HA Accountants 26 Leagrave Road Luton LU4 8HZ
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OUR CHILDREN OUR UMMAH
The report of the trustees for the year ended
31 March 2021
The trustees present their annual report and accounts for the year ended 31 March 2021
Objectives and Activities
Charitable Objectives.
The Charitable trust is governed by the CIO - Foundation Registered 29 May 2014.
Aims of Charity
THE PREVENTION AND RELIEF OF POVERTY AND SUFFERING BY PROVIDING ORPHANS, UNDERPRIVILEGED CHILDREN AND NEEDY PEOPLE ACCESS TO EDUCATION, FOOD, CLEAN WATER, MEDICAL AID AND SHELTER. (2) THE RELIEF AND ASSISTANCE OF PEOPLE WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE, IN PARTICULAR, BY THE SUPPLY OF MEDICAL AID TO SUCH PERSONS.
Objectives for the year.
During this year the charity sought to:
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-The advancement of health or saving of lives.
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-Provision of education and welfare to disadvantaged children.
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-The prevention and relief of poverty.
Public benefit statement
The Trustees confirm that they have complied with the requirements of section 17 of the Ch ar iti es A c t 2011 t o h ave d ue regar d t o th e pu bli c b ene fit pu bli s h e d b y th e Ch ar it y Commission for England & Wales.
Achievements and Performance
- -The Charity continued to provide services and relief to disadvantaged children.
Financial Review
During the year the charity's income was £174,427 (2020: £119,916) and after expenditure of £118,878 (2020: £104,919) the carry forward reserves stood at £55,549 (2020: £14,996).
Reserves policy
The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead.
Current reserves are adequate based on our knowledge and experience.
Principal funding source
The principal income was generated through collection of donations in accordance with the objectives of the charity. The principal expenditure related to the cost of providing financial aid to those in need.
Plans for future periods
The Charity will also continue to look at options to diversify in delivering the aims and objectives of the Trust.
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OUR CHILDREN OUR UMMAH
The report of the trustees for the year ended
31 March 2021
Structure, Governance and Management
Nature of the Governing Documents
The Charity is an unincorporated association governed by a trust deed. Eligibility for membership of the charity, and membership of the board of trustees is governed by the trust deed. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Recruitment and appointment of new trustees
New Trustees are appointed by invitation based upon the specific requirements and the skill set needed by the charity to help advance the charitable objectives.
Induction and training of trustees.
We have at the moment no policy or procedure for the training of trustees, other than the "do's and don'ts" publication provided by the charity.
Organisational structure and management.
Trustees meet regularly on a monthly basis to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members. Day to day management and responsibility for implementing policies is carried out by the trustees. There is 1 part time employee and a number of volunteers.
Related parties
Other than the Trustees and those persons connected with them there are no individuals who are related parties. Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to Trustees.
Risk Management
The trustees acknowledge their responsibilities for establishing a risk management system and satisfield that appropriate systems and procedures are under development and continue to keep the strategic, business and operational risk under review with view to introducing, where necessary, additional procedures to mitigate these risks.
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OUR CHILDREN OUR UMMAH The report of the trustees for the year ended
31 March 2021
Statement of Trustees' Responsibilities
The Trustees are resonsible for preparing the trustees' report and the financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity.
In preparing those financial statements the Board is required to :-
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP
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make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of trustees on 28/12/2021
Mohammed Kaydul Islam
Trustee
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Independent Examiners Report on the Accounts
Report to the trustees/members of: OUR CHILDREN OUR UMMAH On accounts for the year ended: 31 March 2021 Charity no 1157224 Set out on pages: 6 to 10
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st March 2021
Responsibilites 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 Trust’s accounts carried out under section 145 of the 2011 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 which gives me cause to believe that in, any material respect:
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The accounting records were not kept in accordance with section 130 of the Charities Act; or
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The accounts did not accord with the accounting records; or
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The accounts did 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.
Signed: Date: 21/01/2022 Name: M A Haque Bsc, MBA, FFA
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OUR CHILDREN OUR UMMAH
Statement of Financial Activities For the Year Ended 31 March 2021
| Notes Income and Endownments from Donations and legacies Other Income 2 RESOURCES EXPENDED Cost of charitable activities Governance costs 3 Total funds carried forward Total incoming resources Total resources expended Net movement in funds Total funds brought forward |
Unrestricted funds Total Funds 2021 £ £ 174,427 174,427 0 0 174,427 174,427 118,728 118,728 150 150 118,878 118,878 55,549 55,549 (239,459) (239,459) (183,910) (183,910) |
Last Year Total Funds 2020 £ 119,916 0 119,916 104,769 150 104,919 14,997 (254,456) (239,459) |
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The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for Engtand & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 7 as required by the said statement.
All activities derive from continuing operations
The notes on pages 8 to 10 form an integral part of these accounts
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OUR CHILDREN OUR UMMAH
BALANCE SHEET
As at 31 March 2021
| Notes The assets and liabilities of the chartty: Fixed Assets 5 Total fixed assets Current Assets 137,087 137,087 6 (600) Tangible assets Cash at bank and in hand Creditors: amounts falling due within one year Net Current Assets Total assets less current liabilities 7 The funds of the charity: 9 136,487 Trustee Mohammed Kaydul Islam Approved by the board of trustees on 28/12/2021 Creditors: amounts falling due after more than one year Total Net Assets Unrestricted income funds Total charity funds |
2021 £ 0 0 136,487 136,487 - 136,487 136,487 |
81,388 81,388 (450) 80,938 |
2020 £ 0 0 80,938 80,938 - 80,938 80,938 |
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The notes on pages 8 to 10 form an integral part of these accounts.
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OUR CHILDREN OUR UMMAH Notes to the Accounts For the Year Ended 31 March 2021
1 Accounting policies
Statement of compliance
These accounts 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 Charities Act 2011.
Basis of preparation
The Charity meets the definition of 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.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and therefore not included a cash flow statement in these accounts.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Fixed assets and depreciation
All tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less depreciation. Items of less than £1000 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated useful economic lives.
Land & Buildings 2% straight line Plant & Machinery 25% reducing balance Motor Vehicles 25% reducing balance A regular annual review of the likelihood of asset impairment is undertaken.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Funds stucture policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds can only be used for particular restricted purposes within the objects of the charity.
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OUR CHILDREN OUR UMMAH Notes to the Accounts For the Year Ended 31 March 2021
| 2 Incoming resources 2021 £ Voluntary income General Donations 174,427 174,427 Charitable Activities Fees 0 Government Grants 0 Other 0 0 3 Resources expended 2021 Charitable activities: £ Education Staff Cost 3,340 Contractors 0 Events & Activities 112,170 115,510 Premises Cost Non Domestic & Water Rates 0 Light & Heat 0 Repairs & Maintenance 192 Cleaning 0 192 Administrative expenses Telephone 104 Bank Charges 25 Equipment Expense 0 Rent 1,500 Health and Safty Costs 0 Insurance 0 IT & Software 0 Stationery and Printer Supplies 67 Subcriptions, Fees & Compliance 0 Depreciation 0 1,696 Support Cost Staff Training & Welfare 0 Advertising 0 0 Others Sundry Expenses 0 Consultancy fees 1,300 Other Legal and Professional 0 Motor Expenses 30 Interest 0 1,330 118,728 Governance costs: Accountancy/ Internal Examiner 150 4 Staff Costs and Emoluments 2021 £ Gross Salaries 3,340 Employer's National Insurance 0 Employers Pension 0 3,340 Numbers of full time employees or full time equivalents 2021 £ Engaged on charitable activities 0 Administration 1 There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum |
2020 £ 119,916 119,916 0 0 0 2020 £ 0 0 101,832 101,832 0 0 1,236 0 1,236 0 145 0 0 0 0 0 478 0 0 623 0 0 0 0 0 0 1,078 0 1,078 104,769 150 2020 £ 0 0 0 0 2020 £ 0 0 |
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OUR CHILDREN OUR UMMAH Notes to the Accounts For the Year Ended 31 March 2021
5 Tangible fixed assets
| Freehold Plant Motor Property & Machinery & Vehicles £ Asset cost, valuation or revalued amount Bal B/fwd 0 0 0 Additions 0 0 0 At 31 August 2021 0 0 0 Accumulated depreciation and impairment provisions Bal B/fwd 0 0 0 Charge for the year 0 0 0 At 31 August 2021 0 0 0 Net book value Bal B/fwd 0 0 0 At 31 August 2021 0 0 0 All assets are used for charitable purposes. 6 Creditors: amounts falling due within one year 2021 2020 £ £ Trade creditors 600 450 600 450 7 Creditors: Amounts falling due after one year 2021 2020 £ £ Bank Loan 0 0 Other Loans 0 0 0 0 Qarze Hasna is unsecured and interest free money loaned to the charity by members of the public with no fixed repayment terms. 8 Analysis of the Net Movement in Funds 2021 £ Net movement in funds from Statement of Financial Activities 55,549 Net movement in funds available for future activities 55,549 9 Net Assets by fund Unrestricted Restricted Total Funds funds funds 2021 £ £ £ Tangible Fixed Assets 0 - 0 Current Assets 137,087 - 137,087 Current Liabilities -600 - -600 Long Term Liabilities 0 - 0 136,487 0 136,487 |
Total £ 0 0 0 0 0 0 0 0 2020 £ 14,997 14,997 Total Funds 2020 £ 0 81,388 -450 0 80,938 |
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10 Related Party Transactions
No fee or expenses were paid to trustees or persons connected with them
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