ADT
( AFRICAN DEVELOPMENT TRUST )
Report and Financial Statements
For the year ended
30 June 2021
Charity no: 1157822
ADT
Annual report and financial statements for the year ended 30 June 2021
Contents
| Page | |
|---|---|
| Legal and administrative information | 2 |
| Report of the trustees | 3 |
| Report of the independent accountant | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes forming part of the financial statements | 8 |
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ADT
Annual report and financial statements for the year ended 30 June 2021
Legal and administrative information
Trustees
MR ALI AHMED WARDERE MR ABDULLAHI ADAM MISS YASMIN ALI MOHAMED Chairman MR ALI AHMED WARDERE
Correspondence address
8 ROCK STREET LONDON N4 2DN
Bankers
Barclays Bank, Camden Branch, London
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ADT
Annual report and financial statements for the year ended 30 June 2021
Report of the trustees for the year ended 30 June 2021
The trustees present their report along with the financial statements of the charity for the year ended 30 June 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and fully comply with the charity’s trust deed and applicable law.
Constitution and objects
ADT is constituted under memorandum and articles incorporated 08/06/2006 as amended by certificate of incorporation on change of the name dated 29/09/2006 as amended by special resolution registered at companies’ house on 28/04/2014.
The objects of the charity are
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1) To promote the benefit of those living in the area of benefit by the relief of poverty and sickness and to promote and protect good health.
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2) To advance education; and
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3) The provision of recreational facilities in the interest of social welfare with the object of improving their conditions of life in particular, but not exclusively amongst those who are refugees or who are or have been affected by civil or military action or natural disaster as the trustees shall determine.
Organisation
The trustees who have served during the period are set out on page 2. Trustees are appointed by a resolution of the trustees passed at a special meeting. The trustees meet as and when required to discuss the business of the charity and assess grant applications.
Grant making policy
The charity usually receives written applications for funding of significant projects. Applications are considered and approved by the trustees and projects approved for funding are monitored on a regular basis to ensure delivery of expected outcomes.
Financial review
During the year the charity received income of £501,316 which all donations. Expenditure of £471,992 was incurred during the year. Overall there was a surplus of £29,324.
In Accordance with SORP 2005. Support costs have been allocated between charitable activities and fundraising. The statement of financial activities portrays that £469,747 or 99.6% of its total expenditure on charitable activities and £2,245 or 0.4% on governance activities.
Reserves and investment policy
Unrestricted funds are maintained at a level that allows the charity to operate as a going concern for at least one year.
There is little scope for the charity to adopt a formal investment policy due to its limited funds.
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ADT
Annual report and financial statements for the year ended 30 June 2021
Trustees’ responsibilities in relation to financial statements
Law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any 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 charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.
Approved by the trustees and signed on its behalf by:
ALI AHMED WARDERE Chairman 29[th] March 2022
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ADT
Annual report and financial statements for the year ended 30 June 2021
Independent examiner’s report to the Trustees of ADT Charity
I report on the accounts of the charity for the year ended 30 June 2021, which are set out on pages 3 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the Charities Act 2011);
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (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 examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
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
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act 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.
Sayam & Co Accountant
Chartered Certified Accountant :
32 store street Stratford London E15 1PU Date : 29[th] March 2022
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ADT
Annual report and financial statements for the year ended 30 June 2021
| Statement of financial activities | for the | year ended 30 | June 2021 | ||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Incoming resources | |||||
| Donations | 608,197 | 608,197 | 501,316 | ||
| Total incoming resources | 608,197 | 608,197 | 501,316 | ||
| Resources expended | |||||
| Direct Charitable expenditure | 2 | 509,965 | 509,965 | 446,537 | |
| Management & Admin Costs | 4 | 5,757 | 5,757 | 25,455 | |
| Other sources | -- | -- | -- | ||
| Total resources expended | 515,722 | 515,722 | 471,992 | ||
| Net incoming/(outgoing) | 92,475 |
92,475 |
29,324 | ||
| resources | |||||
| Balance at 1 July 2020 | 5 | 55,786 | 55,786 |
26,462 | |
| Balance at 30 June 2021 | 5 | 148,261 |
148,261 |
55,786 |
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ADT
Annual report and financial statements for the year ended 30 June 2021
Balance Sheet as at 30 June 2021
| Notes Fixed Assets Plant & Machinery 3 Current assets Debtors Cash at bank and in hand Creditor : amount falling due within one year Net current assets Net assets Funds Balance B/F – Reserve fund 5 Restricted funds 5 |
Unrestricted Funds £ Restricted Funds £ Total 2021 £ Total 2020 £ 2,962 2,962 3,949 |
|---|---|
| 146,264 146,264 52,888 (965) (965) (1,051) 145,299 145,299 51,837 |
|
| 148,261 148,261 55,786 |
|
| 55,786 55,786 26,462 92,475 92,475 29,324 |
|
| 148,261 148.261 55,786 |
Approved by the trustees on 17[st ] May 2021 and signed on its behalf by:
ALI AHMED WARDERE Chairman
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ADT
Notes forming part of the financial statements for the year ended 30 June 2021
1. Accounting policies
a) Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with the Financial Reporting Standard for Smaller Entities (effective March 2000). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005).
b) Donations’ legacies and similar income
These are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the income and the trustees are reasonably certain they will receive it.
c) Tax reclaims on donations
Tax reclaims are included in the SOFA at the same time as the gift to which they relate.
d) Investment income
Investment income is accounted for in the period in which the charity is entitled to receipt.
e) Resources expended
Expenditure is included on an accruals basis.
Grants payable are charged in the year when conditions attaching to the grant are fulfilled and a properly completed claim has been received by the charity.
Support costs relate to costs of processing grants and applications and general office expenses.
f) Fund accounting
Details of the nature and purpose of each fund is set out in note 5.
2. Direct Charitable Costs
| The amount payable in the year comprises: Salaries & Wages Campaign & advertisement Donation Rent Travel Insurance PPS Other Expense |
2021 £ 32,555 11,853 436,152 15,060 5,380 926 2,604 5,435 509,965 |
2020 £ 33,973 2,491 388,291 17,980 2,367 1,232 203 -- |
|---|---|---|
| 446,537 |
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ADT
Notes forming part of the financial statements for the year ended 30 June 2021
| 3. Tangible Fixed assets Equipment £ Cost 4,936 Addition 1,200 Disposal -- At 30 June 2021 6,136 Depreciation At 01 July 2020 987 Charges for the year 2,187 At 30 June 2021 3,174 Net book values At 30 June 2021 2,962 At 30 June 2020 3,949 |
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ADT
Notes forming part of the financial statements for the year ended 30 June 2021 (continued)
4. Management and administration costs
| Professional fees Bank charges Repair Depreciation Other Expenses |
2021 2020 £ £ 965 850 970 1,395 1,635 385 2,187 987 -- 21,838 _ 5,757 25,455 __ _____ |
|---|---|
5. Funds
| Balance at 1 July 2020 Incoming/ (outgoing) resources Balance at 30 June 2021 |
Reserve Fund £ 55,786 92,475 148,261 _____ |
Alms Interest Fund Fund Total £ £ £ 0 0 55,786 0 0 92,475 0 0 148,261 _ __ |
|---|---|---|
The Reserve fund represents the unrestricted funds which the Trustees are free to use in accordance with the charitable objects.
The Alms fund (“Zakaat/Sadqa” fund) comprises donations received where donors stipulate the funds should be used to provide relief from poverty for the poor.
The Interest fund represents interest earned by the charity, and donations received where the donor states that it comprises interest earned. The fund is used for charitable activities which can utilise interest funds in accordance with Islamic “Sharia” law.
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