BiACK ASIAN MINORITY ETHNIC VOICE {BAME VOICE) (Charitable Incorporated Organisation) (Charity registration 1173740) TRUSTEES REPORT AND ACCOUNTS 31 JULY 2021
BLACK ASIAN MINORITY HNIc VOICE IBAME VOICE) TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31 JULY 2021 CHARITY INFORMATION Name Black Asian Minority Ethnic Voice (&4ME Voice) Charity rezistration number 1173740 Trustees Revd Hannah Lerina Sabina Taiwo Neale Dr Rooah Omer Dr Ponnampalam Arumugaraasah Mr Abayeh Savage Principal address The Vestry Hall 336 London Road Mitcham CR4 3UD Bankers Lloyds Bank Pl P O Box 1000 Andover BX1 1 LT Independent examiner Kojo & Co Ltd Chartered Certified Accountants 11&120 London Road, Mitcham R4 3LB
BLACK ASIAN MINORITY ETHNIC VOICE (BAME VOICE) TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2021 The trustees present their report together with the a¢¢ounts for the year ended 31 July 2021 BASIS OF ACCOUNTS PREPARATION The financial statements have been prepared in accordan with "Accounting and reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland The Charity is a Charitable Incorporated Organisation (CIO), that is govemed by a conslitution. It is an independent body that provides capacity building to ethnic minority organisations. Membership is open lo individuals and any organisation that identifies with its ethos and pays the required fee of £10. At 31 July 2021. there were 28 members OBJECTS The charity's objects are to build the capacty and skills of minority ethnic organisations in order that they can deliver better setvices to the particularly but not exclusively socially disadvanted communities in the borough of Merton and its environs, {hereinafter called the 'area of benefit.) in such a way that they are better able to identify and help meet their needs and to participate fully in society TRUSTEES The trustees who served during the year and at the date of this report are Revd. (Mrs) Hannah Lerina Sabina Taiwo Neale BEM Mr Abayeh Savage Dr Rooah Omer Dr Ponnambalam Arumugaraasah STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is managed by a board of trustees who meet regularly in a year. The day to day running is left in the hands of volunteers. No remuneration was paid to trustees in the year
BLACK ASIAN MINORITY ETHNIC VOICE (BAME VOICE) TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2021 ICONTD) ACHIEVEMENTS AND PERFORMANCE The change in Merton's ethnic structure and cultural diversty over the past 10 years is likely to continue over the next 10 to 20 years and will impact on all communities living in the disadvantaged areas east of the Borough. In order to gain a better understanding of the ethnic and cultural diversity in Merton and different specific needs, tt is vstal that the changing social and income trends of communities are monttored to support people from more diverse communities to better aCsS and use sep4ices as well as being able to contribute effectively to their communities. The focus of our activities during the year under review has been: To carry out a research programme for Merton Council's Health and Wellbeing Board into the impact the Corona Virus pandemic has had on Merton's, BAME communities. To present our Report to the Board and carrying out Phase Two of the programme which is to design and implement projectslactivities which will help remove some of the identified inequaltties currently existing within the borough. Ten organisations will work with the communities to bring this about. Working with other agencies. VR facilitated the delivery of much needed supplies - food, clothing as well as giving out information, advi and counselling across the gender, age, sexuality and faiths already disadvantaged by their socioeconomic situations. To continue our efforts to develop the capacity of member organisations. increasing our joint partnership with key partners and agencies and facilitating BAME positions on decision making Boards, forums and committees. FINANCIAL REVIEW During the year, the charity raised £74,844 for capacity building and training. The determinationof of the trustees is to increase the membership base and to raise more funds.
BLACK ASIAN MINORifi ETHNIC VOICE {BAME VOICEI TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2021 ICONTD) RISKS The trustees make every effort to ensure that the potential for finanal and operational risks are reduced to the minimum by maintaining strict oversight through regular financial management reports. The impact of the Covid-19 pandemic has meant that the harity has to develop new ways of empowering our members. RESERVES POLICY The Trustees review the policy on reserves and set targets at least on per annum with guidance and temiinology published by the Charity Commission. The policy is also reviewed when warranted by changes in risk management or business plans. This includes unrestricted, designated funds and tangible fixed assets. Transfers to and from funds are authorised by the Trustees as a whole. A general reserve equal to at least 6 months of operating expenditure is appropriate to bridge short tenn effects andlor negotiate altemative sources. General Reserve is that part of unrestricted funds that are freely available to spend i.e. excluding designated funds and tangible fixed assets. The Charity intends to continue its present activtties whilst worl<ing more closely with other organisations. We plan to extend our membership base. FUTURE PLANS AND SUBSEQUENT EVENTS We will encourage and support our member organisations in their programmes and projects which seek to create greater understanding and trust which bring together the diverse communities living in Merton. We will continue to seek attemative sources of funding outside the Statutory and Trust sectors
BLACK ASIAN MINORITY ETHNIC VOICE IBAME VOICE) TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2021 IcoKfD) Statement of Trustees, responsibilities The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of resources of the charity 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 2005. make judgments and accounting estimates that are reasonable and prudent state whether applicable 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 conrn basis unless it is inappropriate to do so. The Trustees are responsible for keeping sufficient accounting records that 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 Chartties Act 2011. They are also responsible for safeguarding the assets of the Charrty and hence for taking reasonable steps for the prevention and detects'on of fraud and other irregularities. Revd. {Mrs) Hannah Lerina Sabina Taibvo Neale BEM Trustee Dated 2610512022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACK ASIAN MIN0 ETHNIC VOICE IBAME VOI FOR THE YEAR ENDED 31 JULY 2021 I report on the accounts of the Charity for th& year eThJe(131 Juty 2021 which are set out on page5 7 to 9. Resptctlve responsltAiitleJ of trteeS and exaMIr The charitys trustees 8re responsib lor the preparatK)n of a9unts. The thariV3 Iwslees consider that an audrt is not required for this yea¥ under section 144(21 of the Chaiities AGt 2011 (the 2011 A() and that an independent examination 15 needed. 11 is my re5ponslbility to: examine the aCntS under sectb)n 145 ofthe 2011 Acl, to foWI the procedures 18id down in the generaj OwectThs gIn by the Charity CommissKJn under seclion 14515}Ibl of the 2011 Act., and to state whether parti¢uJar matt•rs have come to my attention Ba$18 of Independent examln•rf¥ report My examination was carried out in accordance wrth the general Directions yNen by th& Charity Commlsston. An examinatitsn indudÈ3 a revw ofthe acujunting records kept by the ¢harity and a comparison ofthe accounts represenled Tr•rith those iecords. It a150 indudes consideration of any unusual items or dis{sUr&S in the accounts. and seeking eyplanatK)n from you as trustees concemlng any such matters. The prctedures undertaken do not provide all the evidence that would be fequired in an audrt and consequentty no opinion is given a5 to whether the a¢counts pfesent a twe and fair and the )rt limited to those matters set out in tha statement bebw. Independent èxamlnerf$ $tatem•nt In connectK)n with ffly examination, no matter has cThne lo my attention: 111 which gwes me reasonable causè to belw that in any material spect the wuirements: lo keep accounting records in accordance ¥th seth.on 130 ofthe 2011 Act. aThJ lo prepare accounts vthith accord with th• accoui)ting records and compty with the requirements of thè 2011 Act have not been met.. or 121 lo whl¢h, in my opinion. attent*)n $houkl bg drawn In orderto enable a proper understanding of thtr ac£ounts to be rgached. @a.£ Kojo Amoah-Arko FCCA Kojo & Co. Limited Association of Charttrred Certified Accountsnts 118-120 London Road Mitcham, Surrey CR4 3LB 27-May-22
BLACK ASIAN MINORITY ETHNIC VOICE (BAME VOICE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021 INCOMING RESOURCES 2021 2020 Restn"cted Untestricted Total Totsl Grants and donations 74,844 235 75.079 9,210 RESOURCES USED Direct chantable expenditu 15,716 15.716 4,367 Man8g8ment and administrat 9,216 9.216 4,367 TOTAL 24,932 24.932 8,734 NET INCOMING RESOURCES 49,911 235 50,146 476 Balances brought forward 15.417 15,417 14,941 BALANCES CARRIED FORWARD 65.328 235 65,563 15.417
BLACK ASIAN MINORITY ETHNIC VOICE (BAME VOICE) BALANCE SHEET AS AT 31 JULY 2021 2021 Note 2020 CURRENT ASSETS Bank and &?sh balanS 65.913 15.417 CREDITORS: Amounts falling due In 1 year 350 65,563 15,417 FUNDS Restricted funds Unrestricted 65,328 15,417 235 65.563 15,417 The notes to the financial statements fomi an integral part of these financial statements Revd. {Mrsl Hannah Lerina Sabina Tawo Neale BEM Trustee Date 26105J2022
BLACK ASIAN MINORITY ETHNIC VOICE IBAME VOICE) NOTES TO THE FINANCIAL STATEMENTS- 31 JULY 2021 1. BASIS OF ACCOUNTING The financial statements have been prepared in accordance with "Accounting and Reporting by Charities. Statements of Recommended Practice applicable to Charities preparing their accounts in accordan wlh the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS 102) (Second Edttion)" and the Charities Act 2011 and the UK Generally Acceptable as it applies from 1, January 2015. The finanGial statements have been prepared to give a 'lrue and fair. view and have been prepared from the Charities {Accounts and Reports0 Regulation 2008 only to the extent required to provide a "true and fair viev/'. This departure has involved following "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 IFRS 102) (Second Edition)" rather than the Accounting and Reporting by Charities.. Statement of Recommended Practi effective from 1, April 2005 vthich has Sin been vthdraVm. The financial statements have been prepared win accordan with the accounting policies set out in Note 2 to these accounts and in accordan with the governing document of the Charity 2. ACCOUNTING POLICIES Funds structure Restrtcted funds are funds which are to be used in accordan with specific restrictions imposed by the donor Unrestricted funds are funds which the trustees are free to use for any purpose in furtherance of tts charitable objects. Income recognition 2b All income is recognised once the charity has entitlement to the income, it is probable that the income will be reiVed and the amount of the income re1vable can be measured reliably. Grants and donations are only included in the SOFA when the general income recognition criteria as stated above are met
10 BLACK ASIAN MINORITY EfHNIC VOICE {BAME VOICE) NOTES TO THE FINANCIAL STATEMENTS- 31 JULY 2021 ACCOUNTING POLICIES (Contd) Expenditure recognition Liabilities are recognised as expenditure s soon s there is a legal or constructive obligation committing the chartty to that expenditure. it is probable that the settlement will be required and the amount of the obligation can te measured reliably. All expenditure is accounted for on an accrual basis. 2d Irrecovorablo VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred 2e Cash and cash equivalgnts Cash and cash equivalents indude cash in hand. deposrts held at call banks. other short term liquid investments with original maturib'es of three months or less. and bank overdrafts. Bank overdrafts are shown wthin in current liabilities. INCOME 2021 Total Restricted Unresttict. 2020 Total London Borough of Merton Neighbourhood Fund Capacity Building Fund Lottery Community Fund Membership fees Sundry income 45,803 20.000 9.041 45,803 20,000 9,041 10 225 8,200 10 225 10 1,000 74,844 235 75,079 9,210
11 BLACK ASIAN MINORITY EThNIC VOICE (BAME VOICE) NOTES TO THE FINANCIAL STATEMENTS- 31 JULY 2021 2021 Total Restncted Unrestrict. 2020 Total DIRECT CHARITABLE EXPENDITURE Programme cost Event expenses 12,701 3.015 12.701 3,015 2,727 1,640 15.716 15,716 4,367 MANAGEMENT AND ADMINISTRATION Printing & stationery Voluntary expenses Telephone Office rent Independent examiners fees 500 5,149 577 2.640 350 500 5.149 577 2,640 350 4,367 9,216 9,216 4.367 CREDITORS: Amounts falling dua in 1 year 2021 2020 Accruals 350 FUNDS 01-Aug-20 Received Payments Transfers 31-Jul-21 Restricted Unrestricted 15.417 74,844 24.932 235 65,328 235 15.417 75,079 24,932 65,563