Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 Y2 EDUCATION Report and Accounts 30[th] April 2021 1 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 ## Y2 EDUCATION **Report and accounts FYE 30.4.2021 Contents** ||**Page**| |---|---| |Charity information|3| |Trustees' report|4| |Statement of financial activities|5 - 6| |Balance sheet|7| |Notes to the accounts|8 -10| |Independent Examiner report|11| 2 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 ## Y2 EDUCATION **Charity Information** ## Directors who served during the year ended 30.4.2021 **Ayan Hareed Siham A Mohamed Caydid CABDILLAHI Abdigani Aden Mohamed Abdinasir** **Company Number 08980859** **Registered Charity No 1166329** ## **Registered office** (2[nd] Floor), Rear Of 71 The Broadway, Southall, Middlesex, UB1 1LA ## **Accountants & Independent examiner** Anderson Pierce & Co Accountants & Business Advisors 14 Alexandria Road West Ealing London W13 0NR ## **Bankers** Barclays Bank Plc Harrow Branch Harrow Middlesex 3 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 Trustees' Report For the year ended 30 April 2021 The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 30th of April 2021, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Companies Act 2006. We help in our Centre students from the ages of 6 to 18 years, our aim is to cultivate the intellectual, cultural, spiritual, social and physical faculties of our students, empowering each child to achieve his or her optimum potential. Despite the restraints imposed by the Cocid-19 pandemic we tried to achieve all our goal in helping the kids achieve their target. Y2 Education is committed to ensuring equality of opportunity through the creation of an environment in which individuals are treated based on their relevant merits and abilities. As a community we are committed to the active promotion of equality between all members who use the centre. Our appreciation and thank you goes to Young Ealing Foundation for their support & “Subban Group” for their continuing and valuable support and finally, we would like to thank all our staffs, volunteers’ time, skills, experience, commitment, and enthusiasm they all bring to the work of the charity, and our members for their continuing support. Our dedicated staff and volunteer teams have enabled Y2 Education to continue to Provide much-needed support and services to Our Students & parents, despite the ongoing challenge, The trustees who served the charitable company during the period were as follows: Mrs Anissa Hared- Member Mrs Rahma Elmi- Member Mr Omar Adam- Member This report was approved by the Board on 30th November Ayan Hareed Finance Director 4 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 ## **Y2 EDUCATION LTD** **Detailed profit and loss account items for the year ended 30 April 2021** |**for the year ended 30 April 2021**||||| |---|---|---|---|---| |||**Unrestricted**||| ||**Restricted**||**2021**|**2020**| |**Fees & Donations**||||| |Fees & Donations|**-**|**292,068**|292,068|388,920| |**Other income**||||| |Other operating income|50,156|-|50,156|-| |Interest receivable|-|55|55|226| |Total Income for the year|50,156|292,123|342,279|389,146| |**Cost of raw materials and consumables**||||| |Purchases|-|3,971|3,971|10,942| |**Staff costs**||||| |Wages and salaries|45,136|143,273|188,409|150,696| |Employer's NI||1,744|1,744|1,166| |Staff training and welfare|-|3,342|3,342|4,683| ||45,136|148,359|193,495|156,545| |**Depreciation and other amounts written off assets**||||| |Depreciation|-|1,250|1,250|1,046| |**Other charges**||||| |Premises costs:||||| |Rent|5,020|46,313|51,333|37,312| |Rates||1,600|1,600|6,590| |Service charges|-|4,134|4,134|2,081| |Light and heat||4,249|4,249|5,703| |Cleaning|-|241|241|1,988| ||5,020|56,537|61,557|53,674| |General administrative expenses:||||| |Telephone and fax||1,035|1,035|1,486| |Stationery and printing|-|218|218|2,225| |Extra curriculum activities|-|320|320|-| |Volunteer cost|-|1,852|1,852|5,817| |Bank charges|-|1,004|1,004|3,089| |Insurance|-|481|481|1,666| |Events ( prevent)|-|439|439|15,527| |Donations|-|1,000|1,000|-| |Repairs and maintenance|-|2,250|2,250|7,889| |Sundry expenses||4,388|4,388|200| ||-|12,987|12,987|37,899| |Legal and professional costs:||||| |Accountancy fees|-|1,600|1,600|1,600| 5 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 |Advertising and PR
Other legal and professional
Other Cost
Subcontractor costs
Total Resource Expended
**Operating (Deficit)for the year**
Balance B/F
**Balance Carried Forward**|**-**
-
-
200
-
-
418| |---|---| ||-
1,600
1,600
2,218| ||60,932
52,281| ||-| ||**50,156**
**285,636**
**335,792**
**262,324**| ||-
6,487
6,487
126,822
-
**110,028**
110,028 35,487| ||**-**
**116,515**
**116,515**
**162,309**| 6 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 ## **Y2 EDUCATION LTD Registered number: 08980859 Balance Sheet as at 30 April 2021** |Fixed assets
Current assets
Prepayments and accrued income
Creditors: amounts falling due
within one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
**Net assets**
**Capital and reserves**
Average number of employees|123,067
3,934|**2021**
**£**
3,952
122,761
126,713
(10,198)
116,515
116,515
**Number**
63|115,507
3,934|**2020**
**£**
4,183
116,043| |---|---|---|---|---| ||127,001
(4,240)||119,441
(3,398)|| |||||| |||||120,226
(10,198)| |||||110,028| |||||110,028| |||||**Number**
43| The company is a private company limited by shares and incorporated in England. Its registered office is . The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Microentities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Ayan Hareed Director Approved by the board on 30 November 2021 7 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 ## **Notes to the financial statements For the year ended 30[th] April 2021** ## **1. Accounting policies** The principal accounting policies are summarised below. The accounting policies have been applied consistency throughout the year and the previous year. ## **1.1 Basis of accounting** The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002) and in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and applicable accounting standards. ## **1.2 Fund accounting** - (a) Unrestricted funds are available for use at the discretion of the Management Committee in furtherance of the general objectives of the charity. - (b) Designated funds are unrestricted funds earmarked by the Management Committee for particular purpose. - (c) Restricted funds are subjected to restrictions on their expenditure imposed by the donor. ## **1.3 Incoming resources** All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - (a) Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. - (b) Donated services and facilities are included at the value to the charity where this can be Quantified. - (c) Incoming resources from grants, where related to performance and specific deliveries, are accounted for as the charity earns the right to consideration by its performance. ## **1.4. Resources expended** Expenditure is recognised on an accrual basis as a liability is incurred: 8 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 - (a) Costs of generating funds comprise the costs associated with attracting voluntary income. - (b) Charitable expenditure comprise those costs incurred by the charity in the delivery of its activities and services beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - (c) Governance costs include costs of the preparation of and examination of the statutory accounts, the costs of Management Committee meetings and any legal advice to the Management Committee on constitutional matters. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. |**2**|**Operating Surplus**|**2021**|**2020**| |---|---|---|---| |||**£**|**£**| ||This is stated after charging:||| ||Depreciation of owned fixed assets|1250|1046| ## **3 Tangible fixed assets** |**Cost**
At 1 May 2020
Additions
At 30 April 2021
**Depreciation**
At 1 May 2020
Charge for the year
At 30 April 2021
**Net book value**
At 30 April 2021
At 1 May 2020|**Plant and**
**machinery**
**etc**
**£**
5,229
1,019
6,248
1,046
1,250|**Plant and**
**machinery**
**etc**
**£**
5,229
1,019
6,248
1,046
1,250| |---|---|---| |||2,296| |||3,952| |||4,183| 9 Y2 EDUCATION Annual Accounts and Trustees Report for the year ended 30.4.2021 |**4**
**Debtors**
Trade debtors
**5**
**Creditors: amounts falling due within one year**
Creditors
Other taxes and social security costs
Other Creditors
**6**
**Creditors: amounts falling due more than a year**
**7**
**Statement of Financial activities**
At 1 May 2020
Surplus for the year
Balance b/forward
At 30 April 2021|**2021**
**£**
11,802
**2021**
**£**
2640
1600
4,240
10,198
**2021**
**£**
6,487
110,028
116,515|**2020**
**£**
12,641| |---|---|---| |||**2020**
**£**
3,398| |||3,398
10,198| ## **Fees, Grants and 8 Donations** |Government JRS
Tuitions Fees
Ealing Council
**Income for the Period**
**Interest received**
Total Income for the period including interest|43,136.00
292,068.00
7,020.00| |---|---| ||342,224.00| ||55.00| ||342,279.00| ||| 10 Y2 EDUCATION Annual Acco **u** nts and Trustees Report for the year ended 30. **4** .2021 ## **INDEPENDENT EXAMINER'S REPEORT FOR THE YEAR ENDED 30 April 2021 Y2 Education** I report on the accounts of the ch **a** rity for the year ended 30 April 2021, which are set **o** ut on page 5 to 10. ## **respective responsibilities of trustees and examiner** The charity's trustees are respons **i** ble for the preparation of the accounts. The charity' **s** trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Cha **r** ities Act) and that an independent examination is need **e** d. It is my responsibility to: examine the accounts under the **s** ection 145 of the Charities Act; to follow the procedures laid down in the General Directions given by the Charity Com **m** ission (under section 145(5)(b) of the Ch **a** rities Act); and to state whether particular matters **h** ave come to my attention. ## **Basic of independent examiner's report** My examination was carried out in accordance with the General Directions given by th **e** Charity Commission. An examination includes a review of the accounting records by the Charity and a com **p** arison of the accounts presented with those records. It al **s** o includes consideration of any unusual items or di **s** closures in the accounts, and seeking explanations from th **e** trustees concerning any such matters. The proced **u** res undertaken do not provide all the evidence that woul **d** be required in an audit, and consequently no opini **o** n is given as to whether the accounts present a 'true and f **a** ir' view and the report is limited to those matters se **t** out in the statement below. ## **Independent examiner's stateme** In the course of any examination, **n** o matter has come to my attention: (1) which gives me reasonable c **a** use to believe that, in the any material respect, the **r** equirements: to keep accounting reco **r** ds in accordance with section 130 of the Charities **A** ct; to prepare accounts whi **c** h accord with the accounting records and comply **w** ith the accounting requirements of the Charities Act hav **e** not been met: or (2) to which, in my opinion, attenti **o** n should be drawn in order to enable a proper und **e** rstanding of the accounts to be reached. Mr A Abdullah AFA/MIPA Accountant Date: 30[th] November 2021 Anderson Pierce & Co Ltd Accountants and Business A **d** visers 14 Alexandria Road London W13 0NR 11