ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED CHARITY NUMBER: 1173931
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED
Trustees' Report and Unaudited Financial Statements For The Year Ended 31 March 2024
Thames Accountants & Co. 100 Dunton Road London, SE1 5UN
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED
| CompanyInformation | ||
|---|---|---|
| Trustees: | Mohamed Khalif Mudhir (Chairman) | |
| Abbas Boobo Faqi | ||
| Hamza Boobo Faqi | ||
| Awes Jeilani Maie | ||
| Charity Number: | 1173931 | |
| Registered Address: | 18 Lexden Drive, | |
| Romford | ||
| London | ||
| RM6 4TJ | ||
| Accountants and Auditors: | Thames Accountants & Co. | |
| 100 Dunton Road | ||
| London, SE1 5UN |
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED
| Contents | Page |
|---|---|
| Trustees' Report | 1 |
| Accountant’s Report | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 7 |
| The following page does not form part of the statutory accounts | 8 |
| Detailed Profit and Loss Account |
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and the financial statements for the year ended 31 March 2024.
Objective
The charitiy is established in particular for the benefit of Somali community to advance the education of the public by provision of such services, facilities or funding as the trustees may from time determine to relieve financial hardship of peoples in Somalia through provision of grants of money and services to advance education and training and relieve unemployment with a view to improving conditions of life to preserve and protection of good health by the provision of advice, guidance and seminars and workshops
Legal structure
The organisation is a charitable company registered as a charity on 24 July 2017.
Financial statements
The trustees, who are also directors of the charitable company, submit their trustees’ report and financial statements for the year ending 31 March 2024.
Risk(s) review:
The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to increase charity's donor base.
Statement of trustees' responsibilities
The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity. Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the Memorandum and Articles of Association.
Principal activities
The charity's principal activity during the period was; Educational support services
Auditors
The Charity is not subject to audit, however Thames Accountants & Co. are the reporting Accountants.
This report was approved by the board on 31 December 2024 and signed on its behalf.
Mr. Mohamed Mudhir Chairman
1
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED ACCOUNTANTS’ REPORT TO THE DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 as set out on pages 3 to 7 and you consider that the company is exempt from an audit under section 476 of the Companies Act 2006 relating to small companies.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfill your statutory responsibilities, using the accounting records of the company and from information and explanations supplied to us.
Thames Accountants & Co.
100 Dunton Road London, SE1 5UN 31[st] December 2024
2
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
| ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 |
|
|---|---|
| Notes Turnover 2 Total Operating Cost Operating Profit 3 Interest payable Interest receivable Profit on ordinary activities before taxation Taxation on profit on ordinary activites Profit on ordinary activities after taxation Dividends Retained profit for the year Balance brought forward Balance carried forward |
2024 |
| £ 26,672 19,509 |
|
| 7,163 - - |
|
| 7,163 - |
|
| 7,163 - |
|
| 7,163 621 |
|
| 7,784 |
The notes on pages 5 to 7 form part of these financial statements
3
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED BALANCE SHEET AS AT 31 MARCH 2024
| BALANCE SHEET AS AT 31 MARCH 2024 | ||
|---|---|---|
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Trade debtors 6 Inventory Cash at bank & in hand CREDITORS: amounts falling due within one year 7 NET CURRENT ASSETS (LIABILITIES) CREDITORS: amounts falling due after more than one year TOTAL NET ASSETS (LIABILITIES) CAPITAL AND RESERVES Called up Share Capital Profit and loss account |
2024 | |
| £ - - 8,663 |
£ 839 6,945 |
|
| 8,663 100 |
||
| 8,563 1,618 |
||
| 7,784 | ||
| - 7,784 |
||
| 7,784 |
For the year ended 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
-
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 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts`;
-
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
-
The financial statements were approved by the board on 31 December 2024 and signed on its behalf
Mr. Mohamed Mudhir
Director
4
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and include the results of the company’s operations, which are described in the Directors’ Report.
Turnover
Income comprises the invoiced value of services rendered by the company, exclusive of Value Added Tax and trade discounts.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value; over their expected useful life on the following basis.
Office equipment 20% Reducing Balance Fixtures & fittings 20% Reducing Balance
2. TURNOVER
The company’s entire income arose within the United Kingdom.
| 3. OPERATING PROFIT The Operating profit is stated after charging: Depreciation 4. TAXATION Current year taxation UK Corporation Tax |
2024 |
|---|---|
| £ | |
| 210 | |
| 2024 | |
| £ | |
| 0 |
5
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
5. TANGIBLE FIXED ASSETS
| Office equipment | Office equipment | Fixtures & Fitting | Fixtures & Fitting | Total | |
|---|---|---|---|---|---|
| Cost | £ | £ | £ | ||
| Balance B/fwd | 419 | 629 | 1,048 | ||
| Additions | - | - | - | ||
| Disposal | - | - | |||
| At 01 APRIL 2023 | 419 | 629 | 1,048 | ||
| Depreciation | |||||
| Balance B/fwd | - | - | - | ||
| Charge for theyear | 84 | 126 | 210 | ||
| On Disposal | - | - | - | ||
| At 31 MARCH 2024 | 84 | 126 | 210 | ||
| Net Book Value | |||||
| At 31 MARCH 2024 | 335 | 503 | 839 |
6. DEBTORS
| Due within one year Trade Debtors Other Debtors |
2024 |
|---|---|
| £ - - |
|
| - |
6
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 7. CREDITORS Amounts falling due within one year Trade Creditors Bank Overdraft Sundry Creditors Thames Accountants & Co. Ltd |
2024 |
|---|---|
| £ - - - 100 |
|
| 100 |
7
ALBILAADI COMMUNITY AND EDUCATION CENTRE LIMITED
DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Turnover Other Income Total Turnover Less: Cost of goods sold Gross Profit Less: Operating Costs New project Companies house Ramadan programs Sacrifice expense Expenses on disabled individuals Teachers expense Donations Masjid Khalid Telephone, fax and internet Travelling Exp Website Domain & hosting Accountant fee Depreciation: Office equipment Fixtures & Fittings Total Operating Expenses for the Year Net Operating Profit for the year |
2024 | 2024 |
|---|---|---|
| £ 26,672 - 100.00% 11,124 13 7,461 300 123 178 100 |
£ 26,672 - |
|
| 26,672 19,509 |
||
| 19,299 | ||
| 84 126 |
||
| 210 | ||
| 7,163 |
8