2021-03-31-accounts - Britain Alxas Community Centre

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Charity No: 1175631

BRITAIN ALXAS COMMUNITY CENTRE

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2021

BRITAIN ALXAS COMMUNITY CENTRE

CONTENTS	PAGE
Legal and administrative information	1
Management Committee's report	2-3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the Financial Statements	7
Detailed income and expenditure accounts	8
Accountants' report	9

BRITAIN ALXAS COMMUNITY CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Management Commitee Members	Musa Bekisoglu
	Kazim Kilic
	Tacim Kaya
Administrative Office:	16 Bull Lane
	London
	N18 1SX
Charity Registration Number:	1175631
Accountants:	Akademi Accountancy
	59-60 The Market Square
	Edmonton
	London
	N9 0TZ

BRITAIN ALXAS COMMUNITY CENTRE

BRITAIN ALXAS COMMUNITY CENTRE TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2020

The trustees, present their annual report together with the audited financial statements of the charity for the year ended 31 March 2021.

Recruitment & appointment of trustees

The trustees of the company and the trustees who are also directors for the purposes of company law and under the company's Articles are known as members of the Management Committee, who served throughout the year are shown on page 1. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year after which they must be re elected at the Annual General Meeting.

Organisational structure

The charity is organised so that the trustees meet regularly to manage its affairs. There is a coordinator who manages the day to day administration of the charity.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees are aware of the charity's non-reliance on funding from local government and efforts will be made to increase self generated income.

Section a of the Charities Act 2011

The trustees actively review guidance issued by the Charity Commission as required by Section 4 of the Charities Act 2011, to ensure compliance with such guidance.

Objectives & Activities

The charity's objects and its principal activities are to assist/advance education for those in need, advancing healthcare for those in need, assist/releif of povertyfor those in need and provide a support service for the Turkish and Kurdish speaking community.

Development, Activities and Achievements

The trustees consider that the company's activities in meeting its objectives have been satisfactory during the year under review. Britain Alxas Community Centre Management Committee, staff and volunteers continue to work closely with the members of the community to preserve and enhance the identity of the Charity.

BRITAIN ALXAS COMMUNITY CENTRE

BRITAIN ALXAS COMMUNITY CENTRE TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021 CONTINUED...

Financial Review

Total income for the year amounted to 180,034 with total expenditure amounting to £153,939 leaving a surplus of £26,095 in the year. Accumulated reserves at the balance sheet date amounted to £31,481

Future Developments

Fundraising for the year 2020/21 has been actively looked into for the organisations core activities and the aim of the trustees is to further assist in the charity's objects and its principal activities of assisting/advancing education for those in need, advancing healthcare for those in need, assisting/releif of povertyfor those in need andproviding a support services to the members of the Turkish and Kurdish speaking communities.

Responsibilities of Trustees

The trustees are required by company law to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to

Select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping accounting records which 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 Companies Act 2006. 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.

Trustee members

The trustees who are directors for the purpose of company law who have served during the year and up to the date of this report are set out on page 1.

In accordance with company law, as the company directors, we certify that:

so far as we are aware, there is no relevant information of which the company's independent examiners are unaware; and
as the directors of the company we have taken ail steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's independent are aware of that information.

Independent examiners

Akademi Accountancy was appointed as the charitable company's independent examiners at the last Annual General Meeting and has expressed their willingness to continue in that capacity.

Approval

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in May 2008) and in accordance with the Provisions of Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Approved by the trustees on 15/12/2021 and signed on its behalf.

Musa Bekisoglu Trustee

BRITAIN ALXAS COMMUNITY CENTRE

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Report to the trustees of Britain Alxas Community Centre on the accounts of the charity for the year ended 31 March 2020 set out on pages 5-6-7-8

Respective responsibilities of trustees and independent examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. It is my responsibility to:

● examine the accounts under sec�on 145 of the Chari�es Act,

●to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

● to state whether par�cular ma�ers have come to my a�en�on.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accoun�ng records in accordance with sec�on 130 of the Chari�es Act 2011; and

●to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 15/12/2021

Akademi Accountancy Certified Accountants

59-60 The Market Square Edmonton London N9 0TZ

BRITAIN ALXAS COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

INCOMING RESOURCES Donation and Fundraising Sponsorship TOTAL INCOMING RESOURCES Direct Charitable Expenditure Management and Administration TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES/ (RESOURCES EXPENDED) TOTAL FUNDS B/F TOTAL FUNDS C/F	Unrestricted Funds £ 180,034 - - 180,034 153,939 - 153,939 26,095 5,386 31,481	Restricted Funds £ - - - - - - - - - - -	Total 2021 £ 180,034 - - - 180,034 153,939 - 153,939 26,095 5,386 31,481

There were no recognised gains or losses for 2020 or 2021 other than those in the Statement of Financial Activities.

The attached notes form part of these financial statements

BRITAIN ALXAS COMMUNITY CENTRE

BALANCE SHEET AS AT 31 MARCH 2021

NOTES FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Cash at bank and in hand Other Creditors Other Creditors TOTAL NET ASSETS FUNDED BY: Cumulated surplus/Deficit at 01 April 2021 Fund Balance B/F TOTAL FUNDS C/F	2021 £ - 101,957 (70,476) 31,481 26,095 5,386 31,481

Approved by the Management Committee and signed on its behalf.

..................................................... Musa Bekisoglu Trustee

Date: 30/01/2021

BRITAIN ALXAS COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Accounting Convention

The financial statements are prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming Resources

Sundry incomes are accounted for as received by the organisation. All other income is accounted for in an accruals basis. No permanent endowments have been received in the year.

Resources Expended

Expenditure is accounted for an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headins they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed Assets

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Eqquipments, Fixtures & Fittings 25% straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Value Added Tax is not recoverable by the organisation, and as such is included in the relevent costs in the Statement of Financial Activitivities.

Management and Administrative Expenditure

Expenditure on management and administration of the organisation includes all expenditure not directly related to the charitable activities or fund-raising ventures. This includes office running costs and accountancy fees.

BRITAIN ALXAS COMMUNITY CENTRE

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

INCOME £ Donation and Fundraising 180,034 Canteen Income Sponsorship - - EXPENDITURE Purchase & Refreshments £54,118.00 Staff Expenses £32,215.00 Cleaining £1,250.00 Equipment Expensed £35.00 Light & Heat £4,553.00 Water & Rates £2,932.00 Rent £50,000.00 Repairs & Maintenance £8,786.00 Bank Charges £50.00 EXCESS INCOME OVER EXPENDITURE	£ 180,034 153,939 26,095

BRITAIN ALXAS COMMUNITY CENTRE

Accountants' Report to the Trustees of Britain Alxas Community Centre For the Year Eended 31 March 2021

As described on page 2 of this report you are responsible for the preparation of the accounts for the year ended 31 March 2021 in accordance with applicable law and regulations. You are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

In accordance with instruction given to us, we have complied these unaudited accounts in order to assist you to fulfil your statuary responsibilities, from accounting records and information and explanations supplied to us, we report that they are in accordance with therewith.

Date: 15/12/2021

Akademi Accountancy 59-60 The Market Square London N9 0TZ