Report of the Directors and
Financial Statements for the Year Ended 30 November 2022
for
Taiba Welfare Foundation
Taiba Welfare Foundation
Contents of the Financial Statements for the Year Ended 30 November 2022
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
Taiba Welfare Foundation
for the Year Ended 30 November 2022
Company Information
DIRECTORS:
Mr Tayeb Mustapha Cham Mr Dodou Alieu Badara Ndow Bolanle Olanshile Shobowale
SECRETARY:
REGISTERED OFFICE:
Pride House Rectory Lane Edgware Middlesex HA8 7LG
REGISTERED NUMBER: 09865126 (England and Wales)
ACCOUNTANTS: Mo & Co Chartered Certified Accountants 11 Manson Avenue Manchester Lancashire M15 4FT
Page 1
Taiba Welfare Foundation
Report of the Directors
for the Year Ended 30 November 2022
The directors present their report with the financial statements of the company for the year ended 30 November 2022.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2021 to the date of this report.
Mr Tayeb Mustapha Cham Mr Dodou Alieu Badara Ndow Bolanle Olanshile Shobowale
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
..........................................................
Mr Tayeb Mustapha Cham - Director
Date: .............................................
Page 2
Taiba Welfare Foundation
Income Statement
for the Year Ended 30 November 2022
| 30.11.22 | 30.11.21 | |
|---|---|---|
| £ | £ | |
| TURNOVER | 33,450 | 22,750 |
| Administrative expenses | 31,319 | 29,298 |
| 2,131 | (6,548) | |
| Other operating income | - | 4,875 |
| OPERATING SURPLUS/(DEFICIT) and | ||
| SURPLUS/(DEFICIT) BEFORE | ||
| TAXATION | 2,131 | (1,673) |
| Tax on surplus/(deficit) | - | - |
| SURPLUS/(DEFICIT) FOR THE | ||
| FINANCIAL YEAR | 2,131 | (1,673) |
The notes form part of these financial statements
Page 3
Taiba Welfare Foundation (Registered number: 09865126)
Balance Sheet
30 November 2022
| 30.11.22 | 30.11.21 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | - | 1,350 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 |
15,118 | 18,599 |
| NET CURRENT LIABILITIES | (15,118) | (17,249) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | (15,118) | (17,249) | |
| RESERVES | |||
| Income and expenditure account | (15,118) | (17,249) | |
| (15,118) | (17,249) |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by:
..........................................................
Mr Tayeb Mustapha Cham - Director
The notes form part of these financial statements
Page 4
Taiba Welfare Foundation
Notes to the Financial Statements for the Year Ended 30 November 2022
1. STATUTORY INFORMATION
Taiba Welfare Foundation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 2 (2021 - 2).
Page 5
continued...
Taiba Welfare Foundation
Notes to the Financial Statements - continued for the Year Ended 30 November 2022
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 30.11.22 | 30.11.21 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | 12,211 | - |
| Other creditors | 2,907 | 18,599 |
| 15,118 | 18,599 |
Page 6
Taiba Welfare Foundation
Report of the Accountants to the Directors of Taiba Welfare Foundation
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2022 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Mo & Co Chartered Certified Accountants 11 Manson Avenue Manchester Lancashire M15 4FT
Date: .............................................
This page does not form part of the statutory financial statements
Page 7
Taiba Welfare Foundation
Detailed Income and Expenditure Account for the Year Ended 30 November 2022
| Membership subscription Other income Government grants Expenditure Premises rent Other establishment costs Rates and water Light and heat Wages Telephone & web expenses Post, stationery, fax etc Motor & travel expenses Repairs and refurbishment Books, literature etc Accountancy NET SURPLUS/(DEFICIT) |
30.11.22 £ 10,500 1,894 1,386 2,696 11,507 986 235 845 680 590 - |
£ 33,450 - 33,450 31,319 2,131 |
30.11.21 £ 10,500 3,764 1,895 2,398 7,200 835 260 984 382 560 520 |
£ 22,750 4,875 27,625 29,298 (1,673) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 8