Company registration number: CE010004 Charity registration number: 1173059
Double Jab ABC
Annual Report and Financial Statements for the Year Ended 31 December 2023
Double Jab ABC
Contents
| Contents | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustee's Report | 2 to 3 |
| Statement of Trustee's Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Assets and Liabilities | 7 |
| Notes to the Financial Statements | 8 to 12 |
Double Jab ABC
Reference and Administrative Details
Trustees Mr M Ibrahim Ms I Harrison Mr S Anderson Mr E Harrison Ms L Ramsay Principal Office The Moonshot Centre Angus Street London SE14 6LU The charity is incorporated in England and Wales. Company Registration Number CE010004 Charity Registration Number 1173059 Independent Examiner Waite Financial Ltd 167-169 Great Portland Street London W1W 5PF
Page 1
Double Jab ABC
Trustee's Report
The trustees present the annual report together with the financial statements of the charitable incorporated organisation for the year ended 31 December 2023.
Objectives and activities
Objects and aims
The promotion of community participation in healthy recreation in particular by the provision of amateur boxing.
Objectives, strategies and activities
The Trustees kept in mind the Charity Commission’s guidance on public benefit when planning our activities for the year. As a matter of course, reference was made to our agreed objectives to aid decision-making. The main activities undertaken for the public benefit were as follows:
Maintain a safe environment: Build a sanctuary which welcomes everyone and treats all members equally.
In 2023, our membership was consistently over 100 with over 30 junior boxers and over 25 members boxing competitively. Despite the rise on cost of living, we controlled costs tightly to limit price increases ensuring that the class remained accessible to the local community.
We also further built our partnership with the Met Police. The Head Met Police Boxing Coach attended the Club 3x a week and sparring sessions were organised with female officers. The Met Police continued to work alongside Double Jab in outreach to local schools and colleges via our Schools x Met Police training sessions.
Inspire our members: Our coaching goes beyond boxing. Through lessons in discipline, respect and commitment, we inspire and empower our members.
Following the programme being paused during Covid, in 2023 we fully ramped up the ‘Jab Don’t Stab’ school project. Two projects were completed in local schools and a number of others signed up. The programme has received excellent feedback from the schools and attendees.
Develop Champions: Put in the hard work and get rewarded for it.
The focus of 2023 was rebuilding the squad following a number of the Club’s more senior boxers turning pro.
With regular fights and training, we had a strong group of boxers going into 2024.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Double Jab ABC
Trustee’s Report
Achievements and performance
In 2023, Double Jab continued to build on the momentum of 2022 to grow membership numbers and deliver on our community partnerships. The main achievements were:
-
Maintaining membership levels at 100+ with over 30 junior boxers and over 25 boxing competitively.
-
Hosting our first dinner show since Covid providing an opportunity to compete for our boxers and raising money for the Club.
-
Developing a wider programme with the Met Police with a representative at the Club 3x a week.
-
Recommencing the ‘Jab Don’t Stab’ Schools Project at two schools and building a pipeline of further schools for FY24.
Structure, governance and management
Policy on reserves
A reserves policy was adopted in May 2017, to maintain not less than 3 months’ operating costs allowing DJ ABC to have a clear financial picture when considering the on-going operational expenditure and repairs and maintenance of the club to ensure it remains at a consistent and safe standard.
This allows us to plan further fundraising activities, marketing and promotional club related events for its members whilst ensuring that operating costs would continue to be met.
Funds in deficit
No funds were materially in deficit.
Principal sources of funding
As in FY22, Double Jab’s principal sources of funds remain:
-
Membership fees from those who regularly attend the boxing club.
-
Class fees from those who attend novice and recreational classes.
-
The sale of ancillary items such boxing gloves, hand wraps and club hooded jumpers and t shirts.
-
Ticket sales from the organisation and staging of boxing events for DJ ABC and other London clubs.
-
Donations from the community, local business owners, government and council initiatives.
The annual report was approved by the trustees of the charity on 31 October 2024 and signed on its behalf by:
Mr M Ibrahim
Trustee
Page 3
Double Jab ABC
Statement of Trustee's Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year. Under such law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material 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 charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and 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 of the charity on 31 October 2024 and signed on its behalf by:
Mr M Ibrahim Trustee
Page 4
Double Jab ABC
Independent Examiner's Report to the Trustee of Double Jab ABC
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 6 to 12.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Double Jab ABC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
Having satisfied myself that the accounts of Double Jab ABC are not required to be audited under Part 8 of the 2011 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Double Jab ABC as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Luke Waite BA(Hons) ACA Waite Financial Ltd 167-169 Great Portland Street London W1W 5PF
28 October 2024
Page 5
Double Jab ABC
Statement of Financial Activities for the Year Ended 31 December 2023 (Receipts and Payments)
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | 2023 | 2022 | |||
| Note | £ | £ | £ | ||
| Receipts: | |||||
| Donations and gifts | 3 | 7,000 | 7,000 | 13,554 | |
| Membership subscriptions & sponsorships | 3 | 81,114 | 81,114 | 70,828 | |
| Total income | 88,114 | 88,114 | 84,382 | ||
| Payments: Raising funds |
4 | (1,885) | (1,885) | (7,676) | |
| Charitable activities | 5 | (55,575) | (55,575) | (62,653) | |
| Governance and other costs | 6 | (10,251) | (10,251) | (3,736) | |
| Total expenditure | (67,711) | (67,711) | (74,065) | ||
| Asset and investment purchases: | |||||
| Furniture and equipment | (1,156) | (1,156) | (2,230) | ||
| Total asset and investmentpurchases | (1,156) | (1,156) | (2,230) | ||
| Totalpayments | (68,867) | (68,867) | (76,295) | ||
| Net movement in funds | 19,247 | 19,247 | 8,087 | ||
| Reconciliation of funds: | |||||
| Total funds brought forward | 18,274 | 18,274 | 10,187 | ||
| Total funds carried forward | 9 | 37,521 | 37,521 | 18,274 |
All of the charity's activities derive from continuing operations during the above two periods.
Page 6
Double Jab ABC
(Charity registration number: 1173059) Statement of Assets and Liabilities as at 31 December 2023
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Note | £ | £ | ||
| Cash funds: | ||||
| Cash at bank and in hand | 10 | 37,521 | 18,274 | |
| Assets retained for the charity’s own use: | ||||
| Gym equipment | 14,898 | 14,574 | ||
| Fixtures and fittings | 1,855 | 1,855 | ||
| Computer equipment | 832 | - | ||
| Liabilities: | ||||
| Social security and other taxes | (6,376) | (2,463) |
As at the current and preceding year end dates, there were no guarantee’s given by the CIO, nor any debts outstanding which are owed by the CIO and which are secured by an express charge on any of the assets of the CIO.
As at 31 December 2023 the CIO remains in discussions with the local council regarding the backpayment of rent that has been withheld during the financial period, pending agreement on necessary repair works to the CIO’s facility. The amounts have not been included within the Statement of Assets and Liabilities due to uncertainty regarding the fair value of amounts due.
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 31 October 2024 and signed on behalf by:
Mr M Ibrahim
Trustee
Page 7
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Charity status
The charitable incorporated organisation is registered in England and Wales.
The address of its registered office is: The Moonshot Centre Angus Street London SE14 6LU
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Double Jab ABC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements have been prepared on a receipts and payments basis for the current financial year (2022: accruals basis).
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised on a receipt’s basis, even where a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds.
Page 8
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2023
2 Accounting policies (continued)
Expenditure
All expenditure is recognised as paid. All costs are allocated to the applicable expenditure heading. Where costs cannot be directly attributed to particular heading’s they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance and other costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements and general running of the organisation, including support costs, strategic management, trustee’s meetings and reimbursed expenses.
Taxation
The charitable incorporated organisation operates as a community amateur sports club (CASC). Accordingly, the CIO is potentially exempt from taxation in respect of income or capital gains received.
Tangible fixed assets
Fixed assets are recorded at their original purchase price (cost). No depreciation is applied to tangible fixed assets.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Page 9
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2023
3 Income and Endowments
| 3 Income and Endowments |
||||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| Total | Total | |||
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Donations and legacies | ||||
| Donations and gifts | 7,000 | 7,000 | 13,554 | |
| Membershipsubscriptions & sponsorships | 81,114 | 81,114 | 70,828 | |
| 88,114 | 88,114 | 84,382 |
4 Expenditure on raising funds
| 4 Expenditure on raising funds |
|
|---|---|
| Unrestricted funds |
|
| 2023 Total 2023 Total 2022 |
|
| £ £ £ |
|
| Purchases | (434) (434) (1,271) |
| Promotional expenses | (1,451) (1,451) (3,719) |
| Travel and subsistence | - - (2,686) |
| (1,885) (1,885) (7,676) |
5 Expenditure on charitable activities
| 5 Expenditure on charitable activities |
|
|---|---|
| Unrestricted funds Total Total |
|
| 2023 2023 2022 |
|
| £ £ £ |
|
| Staff costs | (22,215) (22,215) (24,701) |
| Freelancer costs | (27,094) (27,094) (20,656) |
| Rent | - - (9,514) |
| Cleaning costs | (5,527) (5,527) (7,355) |
| Office costs | (739) (739) (347) |
| Programme costs | - - (80) |
| (55,575) (55,575) (62,653) |
Page 10
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2023
6 Expenditure on governance and other costs
| 6 Expenditure on governance and other costs |
|
|---|---|
| Unrestricted funds Total Total |
|
| 2023 2023 2022 |
|
| £ £ £ |
|
| Accountancy | (1,033) (1,033) - |
| Computer software and hardware | (1,548) (1,548) (1,574) |
| Licences and subscriptions | (1,416) (1,416) (1,576) |
| Repairs and maintenance | (5,724) (5,724) (400) |
| Telephone and fax | (325) (325) (133) |
| Staff training | (160) (160) - |
| Net interest | (45) (45) (53) |
| (10,251) (10,251) (3,736) |
£Nil (2022 - £Nil) of the above expenditure was attributable to restricted funds.
- 7 Trustee remuneration and expenses
a) Staff costs
The aggregate payroll costs were as follows:
| a) Staff costs The aggregate payroll costs were as follows: |
|
|---|---|
| 2023 2022 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | (22,215) (24,701) |
| (22,215) (24,701) |
No employee received emoluments of more than £60,000 during the year.
8 Taxation
The charity is a registered community amateur sports club (CASC) and is therefore exempt from taxation.
Page 11
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2023
| 9 Funds |
|
|---|---|
| Balance at 1 Incoming Resources Balance at 31 |
|
| January 2023 resources expended December 2023 |
|
£ £ £ £ |
|
| Unrestricted funds | |
| General | 18,274 88,114 (68,867) 37,521 |
| Balance at 1 Incoming Resources Balance at 31 |
|
| January 2022 resources expended December 2022 |
|
£ £ £ £ |
|
| Unrestricted funds | |
| General | 10,187 84,382 (76,295) 18,274 |
| 10 Analysis of net funds |
|
| At 1 January 2023 £ Cash flow £ At 31 December 2023 £ |
|
| Cash at bank and in hand | 18,274 19,247 37,521 |
| Net debt | 18,274 19,247 37,521 |
Page 12
Trustees’ annual report (including Directors’ report) for the period
From: 1 January 2023
To: 31 December 2023
Charity name: Double Jab ABC
Charity registration number: 1173059
Company number: CE010004
Objectives and activities
----- Start of picture text -----
SORP reference
Summary of the purposes of Para 1.17 The promotion of community participation in
the charity as set out in its healthy recreation in particular by the
governing document provision of amateur boxing.
Summary of the main Para 1.17 and The Trustees kept in mind the Charity
----- End of picture text -----
| Objectives and activities | Objectives and activities | Objectives and activities |
|---|---|---|
| SORP reference | ||
| Summary of the purposes of the charity as set out in its governing document Para 1.17 The promotion of community participation in healthy recreation in particular by the provision of amateur boxing. |
||
| Summary of the main | Para 1.17 and |
The Trustees kept in mind the Charity |
| activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
1.19 | Commission’s guidance on public benefit when planning our activities for the year. As a matter of course, reference was made to our agreed objectives to aid decision- making. The main activities undertaken for the public benefit were as follows: Maintain a safe environment:Build a sanctuary which welcomes everyone and treats all members equally. In 2023, our membership was consistently over 100 with over 30 junior boxers and over 25 members boxing competitively. Despite the rise on cost of living, we controlled costs tightly to limit price increases ensuring that the class remained accessible to the local community. We also further built our partnership with the Met Police. The Head Met Police Boxing Coach attended the Club 3x a week and sparring sessions were organised with female officers. The Met Police continued to work alongside Double Jab in outreach to local schools and colleges via our Schools x Met Police training sessions. Inspire our members:Our coaching goes beyond boxing. Through lessons in discipline,respect and |
| commitment, we inspire and empower our members. Following the programme being paused during Covid, in 2023 we fully ramped up the ‘Jab Don’t Stab’ school project. Two projects were completed in local schools and a number of others signed up. The programme has received excellent feedback from the schools and attendees. Develop Champions:Put in the hard work and get rewarded for it. The focus of 2023 was rebuilding the squad following a number of the Club’s more senior boxers turning pro. With regular fights and training, we had a strong group of boxers going into 2024. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | This statement confirms that the trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and performance
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In 2023, Double Jab continued to build on the momentum of 2022 to grow membership numbers and deliver on our community partnerships. The main achievements were: Maintaining membership levels at 100+ with over 30 junior boxers and over 25 boxing competitively. Hosting our first dinner show since Covid providing an opportunity to compete for our boxers and raising money for the Club. Developing a wider programme with the Met Police with a representative at the Club 3x a week. Recommencing the ‘Jab Don’t Stab’ Schools Project at two schools and building a pipeline of further schools for FY24. |
|---|---|---|
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial review
----- Start of picture text -----
Review of the charity’s Para 1.21 Annual review completed.
financial position at the end
of the period
Statement explaining the Para 1.22 A reserves policy was adopted in May 2017,
policy for holding reserves to maintain not less than 3 months’ operating
stating why they are held costs allowing DJ ABC to have a clear
financial picture when considering the on-
going operational expenditure and repairs
and maintenance of the club to ensure it
remains at a consistent and safe standard.
This allows us to plan further fundraising
activities, marketing and promotional club
related events for its members whilst
ensuring that operating costs would continue
to be met.
Amount of reserves held Para 1.22 Not less than 3 months’ operating costs.
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 No funds were materially in deficit.
deficit
Explanation of any Para 1.23 No uncertainties regarding the Charitable
uncertainties about the Incorporated Organisation’s going concern
charity continuing as a going status
concern
----- End of picture text -----
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | As in FY22, Double Jab’s principal sources of funds remain: - Membership fees from those who regularly attend the boxing club. - Class fees from those who attend novice and recreational classes. - The sale of ancillary items such boxing gloves, hand wraps and club hooded jumpers and t shirts. - Ticket sales from the organisation and staging of boxing events for DJ ABC and other London clubs. - Donations from the community, local business owners, government and council initiatives. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 |
Structure, governance and management
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Description of charity’s
trusts:
Type of governing document: Para 1.25 Constitution
for example, trust deed,
memorandum and articles of
association etc
How is the charity Para 1.25 Charitable Incorporated Organisation (CIO)
constituted?
for example limited company,
unincorporated association,
CIO
Trustee selection methods Para 1.25 (1) Apart from the first charity trustees, every
including details of any trustee must be appointed for a term of three
constitutional provisions e.g. years by a resolution passed at a properly
election to post or name of convened meeting of the charity trustees.
any person or body entitled
to appoint one or more (2) In selecting individuals for appointment
trustees as charity trustees, the charity trustees must
have regard to the skills, knowledge and
experience needed for the effective
administration of the CIO.
----- End of picture text -----
Additional information (optional) You may choose to include further statements where relevant about:
Para 1.51 Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Other
Reference and administrative details
Charity name Double Jab ABC Other name the charity uses N/A Registered charity number 1173059 Charity’s principal address Moonshot Centre, Angus St, New Cross, London
Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for whole
Trustee name Office (if any) entitled to appoint trustee
year
(if any)
1 Edward Harrison Chair
2 Imogen Harrison
3 Louise Ramsay
4 Murtaza Ibrahim
5 Simon Anderson
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
–
Corporate trustees names of the directors at the date the report was approved
Director name Dates acted if not for whole year
N/A N/A
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Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for whole year
N/A N/A
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Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Additional information (optional)
Names and addresses of advisers (optional information)
| Type of | Name | Address |
|---|---|---|
| adviser | ||
| Accountant | Waite Financial Ltd | 167-169 Great Portland Street, 5th Floor, London, W1W 5PF |
Name of chief executive or names of senior staff members (optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Signature(s) Full name(s) Murtaza Ibrahim Position Trustee Date 31 October 2024
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31 October 2024
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