## **ADT**
**( AFRICAN DEVELOPMENT TRUST )**
**Report and Financial Statements**
**For the year ended**
**30 June 2023**
**Charity no: 1157822**
## **ADT**
## **Annual report and financial statements for the year ended 30 June 2023**
## **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|
1
## **ADT**
**Annual report and financial statements for the year ended 30 June 2023**
## **Legal and administrative information**
**Trustees**
MR ALI AHMED WARDERE MR AHMED BARUD MR ABDULLAH AHMED MRS FAIZA HUSSEIN **Chairman** MR ALI AHMED WARDERE
## **Correspondence address**
8 ROCK STREET LONDON N4 2DN
Bankers Barclays Bank, Camden Branch, London
2
## **ADT**
**Annual report and financial statements for the year ended 30 June 2023**
## **Report of the trustees for the year ended 30 June 2023**
The trustees present their report along with the financial statements of the charity for the year ended 30 June 2023. 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**
- 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.
- 2) To advance education; and
- 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 £833,267 which all donations. Expenditure of £670,926 was incurred during the year. Overall there was a surplus of £162,341.
In Accordance with SORP 2005. Support costs have been allocated between charitable activities and fundraising. The statement of financial activities portrays that £667,382 or 99.47% of its total expenditure on charitable activities and £3,544 or 0.53% 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.
3
## **ADT**
## **Annual report and financial statements for the year ended 30 June 2023**
## **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:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- 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
- 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** 20[th] March 2024
4
## **ADT**
## **Annual report and financial statements for the year ended 30 June 2023**
## Independent examiner’s report to the Trustees of ADT Charity
I report on the accounts of the charity for the year ended 30 June 2023, 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:
- examine the accounts (under section 145 of the Charities Act 2011);
- 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
- 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
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- 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** : 20[th] March 2024
5
## **ADT**
**Annual report and financial statements for the year ended 30 June 2023**
|**Statement of financial activities**|**for the**|**year ended**|**30**|**June 2023**|||
|---|---|---|---|---|---|---|
||**Notes**|**Unrestricted**||**Restricted**|**Total**|**Total**|
|||**Funds**||**Funds**|**2023**|**2022**|
||||**£**|**£**|**£**|**£**|
|**Incoming resources**|||||||
|Donations||15,167||818,100|833,267|677,714|
|**Total incoming resources**||**15,167**||**818,100**|**833,267**|**677,714**|
|**Resources expended**|||||||
|Direct Charitable expenditure|2|8,365||659,017|667,382|789,274|
|Management & Admin Costs|4|3,544||--|3,544|2,992|
|**Total resources expended**||**11,909**||**659,017**|**670,926**|**792,266**|
|**Net incoming/(outgoing)**||3,258||159,083
|162,341|(114,552)|
|**resources**|||||||
|Balance at 1 July 2022|5|--||33,709|33,709|148,261|
|**Balance at 30 June 2023**|5|**3,258**||**192,792 **
|**196,050**|**33,709**|
6
## **ADT**
**Annual report and financial statements for the year ended 30 June 2023**
## **Balance Sheet as at 30 June 2023**
|**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**
**2023**
**£**
**Total**
**2022**
**£**
5,842
5,842
6,354|
|---|---|
||191,373
191,373
28,420
(1,165)
(1,165)
(1,065)
190,208
190,208
27,355|
||**196,050**
**196,050**
**33,709**|
||--
33,709
33,709
148,261
3,258
159,083
162,341
(114,552)|
||**3,258**
**192,792**
**196.050**
**33,709**|
Approved by the trustees on 20[th ] March 2023 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 2023**
## **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|**2023**
£
58,365
10,385
569,154
15,216
1,023
1,219
3,655
8,365
667,382|**2022**
£
36,449
15,820
708,653
15,212
1,047
882
5,988
5,223|
|---|---|---|
|||509,965|
8
## **ADT**
## **Notes forming part of the financial statements for the year ended 30 June 2023**
|**3.**
**Tangible Fixed assets**
**Equipment**
**£**
**Cost**
10,923
Addition
770
Disposal
--
At 30 June 2023 11,693
**Depreciation**
At 01 July 2022
4,569
Charges for the year
1,282
At 30 June 2023 5,851
**Net book values**
At 30 June 2023
5,842
At 30 June 2022
6,354|
|
|---|---|
||
|
9
## **ADT**
**Notes forming part of the financial statements for the year ended 30 June 2023 (continued)**
## **4. Management and administration costs**
|Professional fees
Financial cost
Depreciation|**2023**
**£**
1,165
1,097
1,282
_____
3,544
_____|**2022**
**£**
1,065
532
1,395
_____
2,992
_____|
|---|---|---|
## **5. Funds**
|Balance at 1 July 2022
Incoming/ (outgoing) resources
Balance at 30 June 2023|**Reserve**
**Fund**
**£**
33,709
162,341
196,050
_____|**Alms**
**Interest**
**Fund**
**Fund**
**Total**
**£**
**£**
**£**
0
0
33,709
0 0 162,341
0 0 196,050
_____ _____
_____|
|---|---|---|
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.
10