Z A H E E R & C O M P A N Y
CHARTERED CERTIFIED ACCOUNTANTS AND REGISTERED AUDITORS
AFAK
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2021
COMPANY REGISTRATION NO: 09645339 CHARITY REGISTRATION NO: 1173220
63 Kingsway - Burnage - Manchester M19 2LL Tel: 0161 - 248 9898 - Fax: 0161 - 248 9899 - E-mail: farroukh@zaheerandco.com - www.zaheerandco.co.uk VAT Registration Number: 741 2871 39
Partners: Mr. Farroukh Zaheer (FCCA), Mrs. Neelam Zaheer
AFAK
CONTENTS
| Page | |
|---|---|
| Directors / Trustees | 1 |
| Independent Review | 2 |
| Statement of financial activities | 3 |
| Balance Sheet | 4 |
| Notes to the accounts | 5-6 |
AFAK
DIRECTORS / TRUSTEES AND PROFESSIONAL ADVISORS
DIRECTORS / TRUSTEES: MRS AMAL FANOUSH MRS FARZANA HUSSAIN MRS LIELA AHMED MRS HAFIDA RABIA MRS NADJOUA DAHMANI MRS NAWAL NURI ELFALAH
CHAIRPERSON: MRS AMAL FANOUSH BUSINESS ADDRESS: 7 LARCH GARDENS MANCHESTER M8 8BJ BANKERS: HSBC THORNCLIFFE HOUSE 348-350 OXFORD ROAD MANCHESTER M13 9NG ACCOUNTANTS: ZAHEER AND COMPANY 63 KINGSWAY BURNAGE MANCHESTER M19 2LL
Page 1
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF AFAK
I report on the accounts of the AFAK, registered charity number 1173220 for the accounts year ended 30th June 2021 set out on pages 5 to 8.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation for the accounts in accordance with the requirement of the Charities Act 2011 (''the Act''). The charity's 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.
It is my responsibility to:
-
examine the accounts (under section 145 of the 2011 Act)
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act); and in accordance FRS 102 SORP
-
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 Commissioners. An examination includes 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.
INDEPENDENT EXAMINER’S STATEMENT:
In connection with our examination, no matter has come to my attention;
- (1) which gives me reasonable cause to believe that in any material respect the requirements
. to keep accounting records in accordance with section 41 of the Act; and
. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr. Farroukh Zaheer (FCCA) Zaheer and Company
Chartered Certified Accountants and Registered Auditors
Page 2
AFAK
RECEIPTS AND EXPENDITURES ACCOUNT
FOR THE YEAR ENDED 30/06/2021
| Notes INCOME AND ENDOWMENTS DONATIONS AND LEGACIES 1 INCOME FROM CHARITABLE ACTIVITIES COURSE FEE BOOK SALES LESS: EXPENDITURE EXPENDITURE ON RAISING FUNDS 2 EXPENDITURE ON CHARITABLE ACTIVITIES 2.1 TOTAL EXPENDITURE NET INCOME / EXPENDITURE BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
2020-21 | 2020-21 | 2020-21 | 2020-21 | 2019-20 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | ||||
| Un-restricted Funds 8,627 - 34,429 825 |
Restricted Funds - - - - |
Endowment Funds - - - - |
Total 8,627 - 34,429 825 |
Total 11,188 - 37,172 3,768 |
||
| 43,881 | - | - | 43,881 | 52,127 | ||
| - 29,618 |
- - |
- - |
- 29,618 |
2,453 54,606 |
||
| 29,618 | 29,618 | 57,059 | ||||
| 14,263 6,500 |
- - |
- - |
14,263 6,500 |
(4,932) 11,432 |
||
| 20,763 | - | - | 20,763 | 6,500 |
I approve these accounts and confirm that the trustees have made available all the information and explanations for their preparation.
Signed: _________ Chairperson
Date:
Page 3
AFAK
BALANCE SHEET AS AT 30TH JUNE 2021
| Notes CURRENT ASSETS Cash at bank and in hand 3 CURRENT LIABILITIES Creditors 4 Accruals 4.1 NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY: Funds brought Forward Income of receipts over expenditure for the year |
2020-21 | 2019-20 | 2019-20 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| 21,583 | 20,763 | 7,110 | 6,500 | ||
| 21,583 - 820 |
7,110 - 610 |
||||
| 820 | 610 | ||||
| 20,763 | 6,500 | ||||
| 6,500 14,263 |
2,170 9,262 |
||||
| 20,763 | 11,432 | ||||
For the year ending 30th June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
Directors' responsibility:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors aknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies
I approve these accounts and confirm that the trustees have made available all the information and explanations for their preparation.
Signed: _________ Chairperson
Date:
Page 4
AFAK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30/06/2021
| Note: 1 INCOME AND ENDOWMENTS Donations and Legacies Income from Charitable Activities Course Fee Book Sales |
Un-restricted 8,627 - 34,429 825 |
Restricted Endowment Total - - 8,627 - - - - - 34,429 - - 825 2020-21 |
Restricted Endowment Total - - 8,627 - - - - - 34,429 - - 825 2020-21 |
2019-20 Total 11,188 - 37,172 3,768 |
||
|---|---|---|---|---|---|---|
| 43,881 | 0 | 0 43,881 |
52,127 |
Note: 1.1
ACCOUNTING POLICIES
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with Recommended Accounting Practice 2015', (FRS 102 SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRSSE SORP 2015 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Income
Income and expenses are accounted for on a receipt basis. The charity is mainly dependent on continuing donations and as a consequence the going concern basis is also dependent on the continuing of donations.
Note: 1.2
TRUSTEES REMUNERATION
All trustees provide their services to the charity free of charge without any remuneration.
Note: 2
| EXPENDITURE ON RAISING FUNDS Printing, Postage & Stationery - Activities - General Expenses - Traveling - - |
EXPENDITURE ON RAISING FUNDS Printing, Postage & Stationery - Activities - General Expenses - Traveling - - |
- - - - - - - - - - 2020-21 |
2019-20 - 1,985 468 - |
|---|---|---|---|
| Printing, Postage & Stationery Activities General Expenses Traveling |
|||
| - |
- - - |
2,453 |
Note: 2.1
| EXPENDITURE ON CHARITABLE ACTIVITIES Accountancy fees 820 - - 820 610 Books and Publications 155 - - 155 5,043 Student Activities 693 - - 693 SUPPORT COSTS: Rent 800 - - 800 14,250 Insurance 86 - - 86 386 Telephone and Internet 181 - - 181 201 Wages 26,798 - - 26,798 32,747 Fixture and Fittings - - - - 641 Heating & Lighting - - - - - Printing, Postage, and Stationery 44 - - 44 727 Sundry 40 - - 40 - 29,618 - - 29,618 54,606 |
EXPENDITURE ON CHARITABLE ACTIVITIES Accountancy fees 820 - - 820 610 Books and Publications 155 - - 155 5,043 Student Activities 693 - - 693 SUPPORT COSTS: Rent 800 - - 800 14,250 Insurance 86 - - 86 386 Telephone and Internet 181 - - 181 201 Wages 26,798 - - 26,798 32,747 Fixture and Fittings - - - - 641 Heating & Lighting - - - - - Printing, Postage, and Stationery 44 - - 44 727 Sundry 40 - - 40 - 29,618 - - 29,618 54,606 |
|---|---|
| Accountancy fees Books and Publications Student Activities SUPPORT COSTS: Rent Insurance Telephone and Internet Wages Fixture and Fittings Heating & Lighting Printing, Postage, and Stationery Sundry |
|
| 29,618 - - 29,618 54,606 |
Page 5
| Note: 3 CASH AT BANK AND IN HAND Cash in hand Bank account Note: 4 CREDITORS: Amounts falling due |
within one year Un-restricted Funds 6,500 14,263 |
2019-20 3,575 3,535 |
||
|---|---|---|---|---|
| 7,110 | ||||
| 610 | ||||
Accountants' fees Note: 5 ACCUMULATED FUNDS Opening Funds as at 01/05/2020 Net income/expenditure Closing Funds as at 30/06/2021 |
||||
| 610 | ||||
| - | TOTAL 11,432 4,932 |
|||
| 20,763 | - - 20,763 |
6,500 |
I approve these accounts and confirm that the trustees have made available all the information and explanations for their preparation.
Signed: _________ Chairperson
Date:
Page 6