(AMENDED ACCOUNTS)
MINORITY MATTERS LTD
Accounts & Reports
For the year ended 31 August 2020
MINORITY MATTERS LTD
Contents For the year ended 31 August 2020
Page
| Legal and administrative information | 1 |
|---|---|
| Trustees’ report | 2-3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-10 |
MINORITY MATTERS LTD
Legal and Administrative Information
For the year ended 31 August 2020
Status: The organisation is a registered charity and a company limited by guarantee, incorporated on 27 August 2010. Company Number: 7359940 Charity Number: 1160098 Registered Office: 51 Corker Walk, Andover Estate, London, N7 7RY. Business Address: 51 Corker Walk, Andover Estate, London, N7 7RY. Trustees: Ms Safiyo Gaal - Chair Ms Khadija Mohamed - Member Ms Ikraan Dahir Ahmed - Member
Bankers: Barclays Bank PLC
Leicester, LE87 2BB
Accountants: Issa Associates Chartered Certified Accountants 40A Maygrove Road London, NW6 2EB
1
MINORITY MATTERS LTD
Directors Report
For the year ended 31 August 2020
Objective
The objectives of Minority Matters Ltd are:
-
Relief of poverty and unemployment;
-
Advancement of education and training;
-
Promotion of equality and diversity for the public benefit;
• Promotion of social inclusion of members of the community from ethnic minority backgrounds by preventing them from becoming socially excluded, relieving their needs and assisting them to integrate into British society.
Legal structure
The Minority Matters Ltd is a registered company limited by guarantee and is registered with Charities Commission.
Financial statements
The directors submit their report and financial statements for the year ended 31 August 2020.
Policies:
Reserve policy:
The charity currently operates with minimal reserves. The directors are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
Risk(s) review:
The directors have recently reviewed the major risks faced by the charity. This has resulted in efforts to raise unrestricted funds, increase charity’s donor base.
Responsibilities
Acting directors are responsible for keeping proper accounting records which disclose at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.
Acting directors oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the company.
Directors are also responsible for safeguarding the assets of the company. They are elected and replaced as set out in the Memorandum and Articles of Association.
2
MINORITY MATTERS LTD
Directors Report (continued)
For the year ended 31 August 2020
Activities and Achievements
The charity is managed by the elected trustee members, who are dedicated uplifting the communities we serve. The charity is staffed by 3 volunteers (here I would list all the teachers and everyone else working on projects. They're our staff, be it volunteering, part time or sessional). The office is open from Monday to Friday between 10.00am and 4.00pm.
Like most charities, the charity has been affected by Covid-19 and adapted services, postponed nonurgent projects and proceeded to deliver services online, where possible. There were urgent cases where face-to-face engagement was required, the charity was able to keep this work going through strict adherence to the government guideline.
The charity continued to inspire children and young people, empowering them through holistic educational support, to achieve their full potential and contribute to British society. This support also strengthened families, by empowering parents and encouraging positive relationships with their children and engagement with their local authorities. The educational support services, both online and face2face, allied with liaising and navigating parents through adapting new normal has helped many children and young people make up for the loss of education, so that they didn't fall behind. This support has improved their chances of better academic predicted achievement levels in core subjects. Having built the go to platform for communities, the charity had to step in and provide services to families with missing children/ in police custody/ prison remand/ in court/ struggling with mental health/ drugs issues. Thus, during lock-down, the charity provided help to young people, including children and their families escape from the clutches of county lines and organised criminals, exploiting them for profit from Class A and B drugs.
The charity delivered many projects focused on early intervention, held online community engagements and completed a project building resilience against knife crime. Charity formed strong partnerships and worked well with other local voluntary organisations, being part of a network that actively responded to Covid 19 and lockdown impacts to local communities.
Charity provided helplines to disseminate correct information, enabling ethnic minority communities access available Covid-19 support. Referral services was offered to local hospitals where they can refer community members to receive additional help. Charity supported self-isolating vulnerable groups viasign posting available services, helped community organisations and assisted self-employed community members access government funding.
During the financial year, the charity continued to deliver the positive project that provided training on safeguarding and promoted better engagement between the police, local authorities and local communities.
In the past year, the charity has been visible in campaigning for statutory bodies to put an end to child enslavement, which is what child criminal exploitation is. Besides, practical day-to-day work, the charity was lobbying decision makers to create better support framework for children and young people who are victims of criminal exploitations, and to tighten safeguarding laws in order to stop more children and young people from becoming victims in the future.
This report was approved by the board and signed on its behalf by:
.................................... Ms Ikraan Dahir Ahmed Treasurer
Date: 16 April 2021
3
MINORITY MATTERS LTD
Independent examiner’s report
For the year ended 31 August 2020
I report on the accounts of the company for the year ended 31 August 2020, which are set out on pages 5 to 6.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 43 of the 1993 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met;
Issa Associates Chartered Certified Accountants 40A Maygrove Road London NW6 2EB
Date: 16 April 2021
4
MINORITY MATTERS LTD
Statement of Financial Activities
For the year ending 31 August 2020
| Notes Incoming resources From charitable activities 2 Investment income 2 Total incoming resources Resources expended Charitable activities 3 Governance costs 4 Total Resources Expended Net resources for the year 5 Fund balances at 31 August 2019 Fund balances at 31 August 2020 |
Unrestricted funds £ 23,433 - 23,433 19,721 - 19,721 3,712 5,357 9,069 |
Restricted funds £ 80,056 - 80,056 59,778 1,127 60,905 19,151 4,350 23,501 |
2020 2019 Total Total £ £ 103,489 68,002 - - 103,489 68,002 79,500 66,398 1,127 1,213 80,627 67,611 22,863 392 9,707 9,316 32,570 9,707 |
|---|---|---|---|
5
MINORITY MATTERS LTD
Balance Sheet
For the year ending 31 August 2020
| Notes Fixed assets Tangible assets 7 Current Assets: Debtors 8 Cash at bank and in hand Creditors:amounts falling due within one year 9 Net Current Assets Total Assets less current liabilities Funds of the charity: Funds balance at 31-08-2020 |
£ £ £ £ 791 315 2,974 2,194 31,806 10,198 34,780 12,392 (3,000) (3,000) 31,780 9,392 32,570 9,707 32,570 9,707 32,570 9,707 2020 2019 |
|---|---|
For the financial year 31 August 2020, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 1 to 6 were approved by the board and signed on their behalf by:
……………………………….. Ikraan Dahir Ahmed Treasurer
Date: 16 April 2021
6
MINORITY MATTERS LTD
Notes to the Accounts
For the year ending 31 August 2020
1 Accounting Policies
- 1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (Revised SORP 2015) and the Financial Reporting Standard for Smaller Entities.
- 1.2 Incoming Resources
Grants and donations are recognised on accruals basis.
Incoming resources are reported gross.
- 1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
- 1.4 Depreciation
Tangible fixed assets are stated at cost less depreciation.
Provision for depreciation of tangible fixed assets held by the charity is made at an annual rate of 25% on straight line basis.
7
MINORITY MATTERS LTD
Notes to the Accounts
For the year ended 31 August 2020
2. Grants and Donations
| L.B. of Islington (MTSSP) L.B. of Hackney Cripplegate Foundation City of London Child Care & Saturday school HMRC JRS Other charity income 2. Investment Income Interest receivable Total Incoming Resources |
Unrestricted Funds £ - - - - 23,009 - 424 23,433 Unrestricted Funds £ - 23,433 |
Restricted Funds £ 24,807 30,507 14,490 5,000 - 5,252 - 80,056 Restricted Funds £ - 80,056 |
2020 Total £ 24,807 30,507 14,490 5,000 23,009 5,252 424 103,489 2020 Total £ - 103,489 |
2019 Total £ 7,467 37,583 - - 22,952 - - |
|---|---|---|---|---|
| 68,002 | ||||
| 2019 Total £ |
||||
| - | ||||
| 68,002 |
8
MINORITY MATTERS LTD
Notes to the Accounts
For the year ending 31 August 2020
3a. Direct Charitable Expenditure
| Freelance Tutors Books & materials Wages & salaries Refreshments & travel Volunteer costs Training Publicity & promotions 3b. Support Costs Postage & stationery Insurance Total Charitable Activities 4. Governance Total Resources Expended 5. Net resources balance Legal and Professional Telephone & Internet Rent and hall hire Depreciation Sundry expenses |
Unrestricted Funds £ 9,999 - 695 - - 5,365 - - 16,058 Unrestricted Funds £ 1,060 230 1,163 733 476 3,663 19,721 Unrestricted Funds £ - 19,721 |
Restricted Funds £ - 14,431 - 25,702 10,106 - 8,391 1,149 59,778 Restricted Funds £ - - - - - - 59,778 Restricted Funds £ 1,127 1,127 60,905 |
2020 Total 2019 Total £ £ 9,999 6,030 14,431 7,955 695 871 25,702 31,398 10,106 9,166 5,365 3,510 8,391 4,000 1,149 750 75,837 63,680 2020 Total 2019 Total £ £ 1,060 108 230 230 1,163 557 733 869 476 953 3,663 2,717 79,500 66,398 2020 Total 2019 Total £ £ 1,127 1,213 1,127 1,213 80,627 67,611 |
|---|---|---|---|
Please note, that the surplus balance (£22,863) for this year is the result of still to be delivered projects due to the impact of Coronavirus lockdown (COVID-19).
9
MINORITY MATTERS LTD
Notes to the Accounts
For the year ending 31 August 2020
| 6 Paid employees 6.1 Staff costs Gross wages salaries and benefits in kind Employers National Insurance costs 6.2 Number of employees The average monthly number of employees during the year was: Charitable activities 7 Tangible Fixed Assets 8 9 Creditors – Amounts falling due within one year Cost At 1 September 2019 Additions Other Creditors At 31 August 2020 Charged in the Year 31 August 2019 Trade debtors Depreciation Net Book Value At 31 August 2020 Debtors and prepayments At 31 August 2020 At 1 September 2019 |
2020 2019 £ £ 25,702 31,398 - - 25,702 31,398 2020 2019 Number Number 3 3 3 3 Office Equipment Total £ £ 8,167 8,167 952 952 9,119 9,119 7,852 7,852 476 476 - 8,328 8,328 791 791 315 315 2020 2019 £ £ 2,974 2,194 2,974 2,194 2020 2019 £ £ 3,000 3,000 3,000 3,000 |
|---|---|
10