OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Hasret Community Art

2024-04-01-accounts

CHARITY NUMBER: 1159981

HASRET COMMUNITY ART LIMITED

REPORT AND FINANCIAL STATEMENTS

31 MARCH 2024

Akademi Accountancy Certified Accountants

500 White Hart Lane London N17 7NA

HASRET COMMUNITY ART LIMITED

CONTENTS
PAGE
Legal and Administrative Information 1
Management Committee Report 2
Independent Examiners Report 3
Balance Sheet 4
Statement of Financial Activities 5
Notes to the Financial Statements 6
Detatiled Income and Expenditure Accounts 7

HASRET COMMUNITY ART LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Management Commitee Members Semra Turk
Huseyin Karaoglan
Sevim Dogan
Administrative Office: 80A Stoke Newington Road
London
N16 7XB
Company Registration Number: 8378310
Independent Examiners: Akademi Accountancy
Certified Accountants
500 White Hart Lane
London
N17 7NA

1

HASRET COMMUNITY ART LIMITED

THE MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Management Committee present their report together with the financial statements for the period ended 31 March 2024.

Principal Activities

The organisation is a registered charity established for the advancement of education and cultures of the Turkish and the Kurdish communities in the UK

Results

Total Income in the year amounted to £ 39,240 with total expenditure amounting to £ 45,045 leaving a deficit in the year of £ 5,812; accumulated reserve c/f is £ 19,449.

Management Committee

The Management Committee is set out on the company information page.

Satement of Management Committees' Responsibilities

The standard accountancy policy requires the Management Committee to prepare financial statements for each year, which give a true and fair view of the state of affairs and of the surplus or deficit for that period in preparing these financial statements the Management Committee are required to:

  1. Select suitable accounting policies and then apply them consistently,

  2. Make adjustments that are reasonable and prudent,

  3. Prepare the financial statements on going concerns basis.

The Management Committee are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the organisation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the Management Committee and signed on its' behalf .

.............................................

Date:17/12/2024

Semra Turk Director

2

HASRET COMMUNITY ART LIMITED

I report on the accounts of the charity for the year ended 31 March 2024.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities 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.

In accordance with instruction given to us, we have complied these unaudited accounts in order to assist you to fulfil your statuary responsibilities, from accounting records and information and explanations supplied to us, we report that they are in accordance with therewith.

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:

  2. (a) to keep accounting records in accordance with section 41 of the

  3. (b) to prepare accounts which accord with the accounting records and comply

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akademi Accountancy Date: 17/12/2024 Certified Accountants 500 White Hart Lane London N17 7NA

3

HASRET COMMUNITY ART LIMITED

BALANCE SHEET AS AT 31 MARCH 2024

NOTES
FIXED ASSETS
Tangible Fixed Assets
CURRENT ASSETS
Cash at bank and in hand
Other Debtors
Other Creditors
TOTAL NET ASSETS
FUNDED BY:
Net Profit
Fund Balance B/F
TOTAL FUNDS C/F		 2024
£
0
20,254
(805)
19,449
(5,812)
25,261
19,449		 2023
£
0
25,890
(629)
25,261
6,708
18,553
25,261

Approved by the Management Committee and signed on its' behalf.

.....................................................

Date: 17/12/2024

Semra Turk Director

4

HASRET COMMUNITY ART LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Funds
£
NOTES
INCOMING RESOURCES
Fees
3
39,240
HMRC JRS Grant
Local Restriction Grant
-
Interest
-
TOTAL INCOMING RESOURCES
39,240
Direct Charitable Expenditure
4
45,052
Management and Administration
-
TOTAL RESOURCES EXPENDED
45,052
NET INCOMING RESOURCES/
(5,812)
(RESOURCES EXPENDED)
TOTAL FUNDS B/F
25,261
TOTAL FUNDS C/F
19,449		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
Total
2024
2023
£
£
39,240
37,815
-
-
-
11,564
-
-
39,240
49,379
45,052
42,671
-
-
45,052
42,671
(5,812)
6,708
25,261
7,704
19,449
14,412

There were no recognised gains or losses for 2023/2024 other than those in the Statement of Financial Activities.

The attached notes form part of these financial statements

5

HASRTE COMMUNITY ART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. 1 ACCOUNTING POLICIES

The financial statements are prepared under the historic cost convention and include the results of the chaities operations which are described in the Trustees Report and all of which are continuing.

The Financial Statements have been prepared in accordance with the statements of Recommended Practice for Charity Accounts.

The charity has taken advantage of the exemption in Financial Standard NO.1 from the requirement to produce a cashflow statement.

1. 2 INCOME

Sundry incomes are accounted for as received by the organisation. All other income is accounted for in an accruals basis. No permanent endowments have been received in the year.

1.3 VALUE ADDED TAX

Value Added Tax is not recoverable by the organisation, and as such is included in the relevent costs in the Statement of Financial Activitivities.

1.4 MANAGEMENT AND ADMINISTRATION EXPENDITURE

Expenditure on management and administration of the organisation includes all expenditure not directly related to the charitable activity or fund-raising ventures. This includes office running costs and accountancy fees.

6

HASRET COMMUNITY ART LIMITED

2. TANGIBLE ASSETS

3. FEES
Fees
TOTAL
RESOURCES EXPENDED
4. DIRECT CHARITABLE		 Equipment
£
2024
£
39,240
39,240
Accountancy Fee
Insurance
Light and Heat
Water
Rent
Repair and Maintenance
Professional fees
Wages and Salaries
Sundry
Equipment Expensed		 600
354
2,115
532
18,068
-
12,960
10,170
48
205
45,052

7

CHARITY NUMBER: 1159981

HASRET COMMUNITY ART LIMITED

REPORT AND FINANCIAL STATEMENTS

31 MARCH 2024

Akademi Accountancy Certified Accountants

500 White Hart Lane London N17 7NA

HASRET COMMUNITY ART LIMITED

CONTENTS
PAGE
Legal and Administrative Information 1
Management Committee Report 2
Independent Examiners Report 3
Balance Sheet 4
Statement of Financial Activities 5
Notes to the Financial Statements 6
Detatiled Income and Expenditure Accounts 7

HASRET COMMUNITY ART LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Management Commitee Members Semra Turk
Huseyin Karaoglan
Sevim Dogan
Administrative Office: 80A Stoke Newington Road
London
N16 7XB
Company Registration Number: 8378310
Independent Examiners: Akademi Accountancy
Certified Accountants
500 White Hart Lane
London
N17 7NA

1

HASRET COMMUNITY ART LIMITED

THE MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Management Committee present their report together with the financial statements for the period ended 31 March 2024.

Principal Activities

The organisation is a registered charity established for the advancement of education and cultures of the Turkish and the Kurdish communities in the UK

Results

Total Income in the year amounted to £ 39,240 with total expenditure amounting to £ 45,045 leaving a deficit in the year of £ 5,812; accumulated reserve c/f is £ 19,449.

Management Committee

The Management Committee is set out on the company information page.

Satement of Management Committees' Responsibilities

The standard accountancy policy requires the Management Committee to prepare financial statements for each year, which give a true and fair view of the state of affairs and of the surplus or deficit for that period in preparing these financial statements the Management Committee are required to:

  1. Select suitable accounting policies and then apply them consistently,

  2. Make adjustments that are reasonable and prudent,

  3. Prepare the financial statements on going concerns basis.

The Management Committee are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the organisation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the Management Committee and signed on its' behalf .

.............................................

Date:17/12/2024

Semra Turk Director

2

HASRET COMMUNITY ART LIMITED

I report on the accounts of the charity for the year ended 31 March 2024.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities 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.

In accordance with instruction given to us, we have complied these unaudited accounts in order to assist you to fulfil your statuary responsibilities, from accounting records and information and explanations supplied to us, we report that they are in accordance with therewith.

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:

  2. (a) to keep accounting records in accordance with section 41 of the

  3. (b) to prepare accounts which accord with the accounting records and comply

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akademi Accountancy Date: 17/12/2024 Certified Accountants 500 White Hart Lane London N17 7NA

3

HASRET COMMUNITY ART LIMITED

BALANCE SHEET AS AT 31 MARCH 2024

NOTES
FIXED ASSETS
Tangible Fixed Assets
CURRENT ASSETS
Cash at bank and in hand
Other Debtors
Other Creditors
TOTAL NET ASSETS
FUNDED BY:
Net Profit
Fund Balance B/F
TOTAL FUNDS C/F		 2024
£
0
20,254
(805)
19,449
(5,812)
25,261
19,449		 2023
£
0
25,890
(629)
25,261
6,708
18,553
25,261

Approved by the Management Committee and signed on its' behalf.

.....................................................

Date: 17/12/2024

Semra Turk Director

4

HASRET COMMUNITY ART LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Funds
£
NOTES
INCOMING RESOURCES
Fees
3
39,240
HMRC JRS Grant
Local Restriction Grant
-
Interest
-
TOTAL INCOMING RESOURCES
39,240
Direct Charitable Expenditure
4
45,052
Management and Administration
-
TOTAL RESOURCES EXPENDED
45,052
NET INCOMING RESOURCES/
(5,812)
(RESOURCES EXPENDED)
TOTAL FUNDS B/F
25,261
TOTAL FUNDS C/F
19,449		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
Total
2024
2023
£
£
39,240
37,815
-
-
-
11,564
-
-
39,240
49,379
45,052
42,671
-
-
45,052
42,671
(5,812)
6,708
25,261
7,704
19,449
14,412

There were no recognised gains or losses for 2023/2024 other than those in the Statement of Financial Activities.

The attached notes form part of these financial statements

5

HASRTE COMMUNITY ART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. 1 ACCOUNTING POLICIES

The financial statements are prepared under the historic cost convention and include the results of the chaities operations which are described in the Trustees Report and all of which are continuing.

The Financial Statements have been prepared in accordance with the statements of Recommended Practice for Charity Accounts.

The charity has taken advantage of the exemption in Financial Standard NO.1 from the requirement to produce a cashflow statement.

1. 2 INCOME

Sundry incomes are accounted for as received by the organisation. All other income is accounted for in an accruals basis. No permanent endowments have been received in the year.

1.3 VALUE ADDED TAX

Value Added Tax is not recoverable by the organisation, and as such is included in the relevent costs in the Statement of Financial Activitivities.

1.4 MANAGEMENT AND ADMINISTRATION EXPENDITURE

Expenditure on management and administration of the organisation includes all expenditure not directly related to the charitable activity or fund-raising ventures. This includes office running costs and accountancy fees.

6

HASRET COMMUNITY ART LIMITED

2. TANGIBLE ASSETS

3. FEES
Fees
TOTAL
RESOURCES EXPENDED
4. DIRECT CHARITABLE		 Equipment
£
2024
£
39,240
39,240
Accountancy Fee
Insurance
Light and Heat
Water
Rent
Repair and Maintenance
Professional fees
Wages and Salaries
Sundry
Equipment Expensed		 600
354
2,115
532
18,068
-
12,960
10,170
48
205
45,052

7

CHARITY NUMBER: 1159981

HASRET COMMUNITY ART LIMITED

REPORT AND FINANCIAL STATEMENTS

31 MARCH 2024

Akademi Accountancy Certified Accountants

500 White Hart Lane London N17 7NA

HASRET COMMUNITY ART LIMITED

CONTENTS
PAGE
Legal and Administrative Information 1
Management Committee Report 2
Independent Examiners Report 3
Balance Sheet 4
Statement of Financial Activities 5
Notes to the Financial Statements 6
Detatiled Income and Expenditure Accounts 7

HASRET COMMUNITY ART LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Management Commitee Members Semra Turk
Huseyin Karaoglan
Sevim Dogan
Administrative Office: 80A Stoke Newington Road
London
N16 7XB
Company Registration Number: 8378310
Independent Examiners: Akademi Accountancy
Certified Accountants
500 White Hart Lane
London
N17 7NA

1

HASRET COMMUNITY ART LIMITED

THE MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Management Committee present their report together with the financial statements for the period ended 31 March 2024.

Principal Activities

The organisation is a registered charity established for the advancement of education and cultures of the Turkish and the Kurdish communities in the UK

Results

Total Income in the year amounted to £ 39,240 with total expenditure amounting to £ 45,045 leaving a deficit in the year of £ 5,812; accumulated reserve c/f is £ 19,449.

Management Committee

The Management Committee is set out on the company information page.

Satement of Management Committees' Responsibilities

The standard accountancy policy requires the Management Committee to prepare financial statements for each year, which give a true and fair view of the state of affairs and of the surplus or deficit for that period in preparing these financial statements the Management Committee are required to:

  1. Select suitable accounting policies and then apply them consistently,

  2. Make adjustments that are reasonable and prudent,

  3. Prepare the financial statements on going concerns basis.

The Management Committee are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the organisation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the Management Committee and signed on its' behalf .

.............................................

Date:17/12/2024

Semra Turk Director

2

HASRET COMMUNITY ART LIMITED

I report on the accounts of the charity for the year ended 31 March 2024.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities 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.

In accordance with instruction given to us, we have complied these unaudited accounts in order to assist you to fulfil your statuary responsibilities, from accounting records and information and explanations supplied to us, we report that they are in accordance with therewith.

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:

  2. (a) to keep accounting records in accordance with section 41 of the

  3. (b) to prepare accounts which accord with the accounting records and comply

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akademi Accountancy Date: 17/12/2024 Certified Accountants 500 White Hart Lane London N17 7NA

3

HASRET COMMUNITY ART LIMITED

BALANCE SHEET AS AT 31 MARCH 2024

NOTES
FIXED ASSETS
Tangible Fixed Assets
CURRENT ASSETS
Cash at bank and in hand
Other Debtors
Other Creditors
TOTAL NET ASSETS
FUNDED BY:
Net Profit
Fund Balance B/F
TOTAL FUNDS C/F		 2024
£
0
20,254
(805)
19,449
(5,812)
25,261
19,449		 2023
£
0
25,890
(629)
25,261
6,708
18,553
25,261

Approved by the Management Committee and signed on its' behalf.

.....................................................

Date: 17/12/2024

Semra Turk Director

4

HASRET COMMUNITY ART LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Funds
£
NOTES
INCOMING RESOURCES
Fees
3
39,240
HMRC JRS Grant
Local Restriction Grant
-
Interest
-
TOTAL INCOMING RESOURCES
39,240
Direct Charitable Expenditure
4
45,052
Management and Administration
-
TOTAL RESOURCES EXPENDED
45,052
NET INCOMING RESOURCES/
(5,812)
(RESOURCES EXPENDED)
TOTAL FUNDS B/F
25,261
TOTAL FUNDS C/F
19,449		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
Total
2024
2023
£
£
39,240
37,815
-
-
-
11,564
-
-
39,240
49,379
45,052
42,671
-
-
45,052
42,671
(5,812)
6,708
25,261
7,704
19,449
14,412

There were no recognised gains or losses for 2023/2024 other than those in the Statement of Financial Activities.

The attached notes form part of these financial statements

5

HASRTE COMMUNITY ART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. 1 ACCOUNTING POLICIES

The financial statements are prepared under the historic cost convention and include the results of the chaities operations which are described in the Trustees Report and all of which are continuing.

The Financial Statements have been prepared in accordance with the statements of Recommended Practice for Charity Accounts.

The charity has taken advantage of the exemption in Financial Standard NO.1 from the requirement to produce a cashflow statement.

1. 2 INCOME

Sundry incomes are accounted for as received by the organisation. All other income is accounted for in an accruals basis. No permanent endowments have been received in the year.

1.3 VALUE ADDED TAX

Value Added Tax is not recoverable by the organisation, and as such is included in the relevent costs in the Statement of Financial Activitivities.

1.4 MANAGEMENT AND ADMINISTRATION EXPENDITURE

Expenditure on management and administration of the organisation includes all expenditure not directly related to the charitable activity or fund-raising ventures. This includes office running costs and accountancy fees.

6

HASRET COMMUNITY ART LIMITED

2. TANGIBLE ASSETS

3. FEES
Fees
TOTAL
RESOURCES EXPENDED
4. DIRECT CHARITABLE		 Equipment
£
2024
£
39,240
39,240
Accountancy Fee
Insurance
Light and Heat
Water
Rent
Repair and Maintenance
Professional fees
Wages and Salaries
Sundry
Equipment Expensed		 600
354
2,115
532
18,068
-
12,960
10,170
48
205
45,052

7