CWA
Excellence in Accounting
Dear Client,
Accounts for Year End
If you are satisfied to the best of your knowledge that the Annual Accounts is complete and correct, please approve the Annual Accounts as soon as possible.
Please sign the following documents and return them to us for submission.
Could you please sign the attached Annual Accounts (full), Director's Report and Balance Sheet where your name appears.
Kindly also sign the attached Filleted Accounts on pages where your name appears.
Lastly your signature is required on the space next to your name on the attached Corporation tax return (CT600).
Kind Regards
Ali Arif
Principal Accountant
Tel: 020 7998 7242 City Office: 271 Upper Street, London, N1 2UQ North London Office: 403 Hornsey Road, Islington, London, N19 4DX
Al-Ummah Foundation
Charity No. 1178572
Company No. CE014246
Trustees' Report and Unaudited Accounts
31 March 2023
Al-Ummah Foundation Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 4 |
| Independent Examiner's Report | 5 to 5 |
| Statement of Financial Activities | 6 to 6 |
| Summary Income and Expenditure Account | 7 to 7 |
| Balance Sheet | 8 to 8 |
| Statement of Cash flows | 9 to 9 |
| Notes to the Accounts | 10 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Page 1
Al-Ummah Foundation Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE014246
Charity No. 1178572
Principal Office
9 Park View Gardens White Hart Lane London N22 5SH
Registered Office
9 Park View Gardens White Hart Lane London N22 5SH
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
M. Ahmed S.S.U. Ahmed A. Karim K. Miah
Directors of Corporate Trustees
| Directors of Corporate Trustees | ||
|---|---|---|
| Kamil Miah | Moshod Ahmed | Abdul Karim |
| Sheikh Sayef Uddin Ahmed |
Key Management Personnel
Moshod Ahmed Abdul Karim Sheikh Sayef Uddin Ahmed
Accountants
CWA Certified Accountants Unit 4, 3rd Floor 80-82 White Lion Street London N1 9PF
Bankers
Page 2
Al-Ummah Foundation Trustees Annual Report
NatWest Bank Plc 250 Bishopsgate London EC2M 4AA
OBJECTIVES AND ACTIVITIES
General Charitable Purposes, Education/training, Religious Activities
TO ADVANCE ISLAMIC EDUCATION FOR YOUNG PEOPLE, PARTICULARLY BUT NOT EXCLUSIVELY ORPHANED CHILDREN, BY THE PROVISION OF GRANTS, SCHOLARSHIPS AND OTHER SUPPORT.
TO PREVENT OR PROVIDE RELIEF FROM THE IMPACT OF POVERTY ANYWHERE IN THE WORLD BY ASSISTING IN THE PROVISION OF CLEAN, FRESH WATER AND SANITATION SUPPLIES.
THE ADVANCEMENT OR PROVISION OF FACILITIES IN THE INTEREST OF LOCAL WELFARE AND SUSTENANCE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS.
A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A larger charity must provide an explanation how the achievement of its aims will further its legal purposes...
A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives...
A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
ACHIEVEMENTS AND PERFORMANCE
Our funding program contributed and improved the general public activities for children and adult and provided facilities for young people, children and people with disabilities.
A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A larger charity must provide an explanation of any material expenditure occurred to raise income in the future...
A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...
FINANCIAL REVIEW
A review of the charity's financial position at the year ended 31 March 2021 During the financial year 2021, the charity recorded income amounting to £51,932 mainly from unrestricted donations. The charity remains satisfactory to support its level of expenditure on the charitable objectives.
There are no uncertainties about the charity's ability to continue as a going concern.
PLANS FOR FUTURE PERIODS
Page 3
Al-Ummah Foundation Trustees Annual Report
Our plans for the future is to provide more services and activities for the local community and provide services for the elderly.
A larger charity's report should explain the trustees perspective of the future direction of the charity...
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
M. Ahmed Trustee
31 March 2023
Page 4
Al-Ummah Foundation Independent Examiners Report
Independent Examiner's Report to the trustees of Al-Ummah Foundation
I report to the charity trustees on my examination of the financial statements of Al-Ummah Foundation for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
CWA Certified Accountants CWA Certified Accountants Unit 4, 3rd Floor 80-82 White Lion Street London
N1 9PF 31 March 2023
Page 5
Al-Ummah Foundation Statement of Financial Activities
for the year ended 31 March 2023
| Notes Income and endowments from: Donations and legacies 4 Other 5 Total Expenditure on: Charitable activities 6 Other 7 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 62,734 - |
Restricted funds 2023 £ - - |
Total funds 2023 £ 62,734 - |
Total funds 2022 £ 39,774 7,855 |
|---|---|---|---|---|
| 62,734 57,495 109 |
- - - |
62,734 57,495 109 |
47,629 57,307 86 |
|
| 57,604 - |
- - |
57,604 - |
57,393 - |
|
| 5,130 - |
- - |
5,130 - |
(9,764) - |
|
| 5,130 | - | 5,130 | (9,764) | |
| 5,130 - |
- 12,607 |
5,130 12,607 |
(9,764) 22,371 |
|
| 5,130 | 12,607 | 17,737 | 12,607 |
Page 6
Al-Ummah Foundation Summary Income and Expenditure Account for the year ended 31 March 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2023 £ 62,734 62,734 57,604 57,604 5,130 5,130 |
2022 £ 47,629 |
|---|---|---|
| 47,629 | ||
| 57,393 | ||
| 57,393 | ||
| (9,764) | ||
| (9,764) |
Page 7
Al-Ummah Foundation Balance Sheet
at 31 March 2023
| Company No. CE014246 Notes 2023 £ Current assets Cash at bank and in hand 17,832 17,832 Creditors:Amount falling due within one year 9 (95) Net current assets 17,737 Total assets less current liabilities 17,737 Net assets excluding pension asset or liability 17,737 Total net assets 17,737 The funds of the charity Restricted funds 10 Restricted income funds 12,607 12,607 Unrestricted funds 10 General funds 5,130 5,130 Reserves 10 Total funds 17,737 |
2022 £ 12,607 |
|---|---|
| 12,607 - |
|
| 12,607 12,607 |
|
| 12,607 | |
| 12,607 | |
| 12,607 | |
| 12,607 - |
|
| - | |
| 12,607 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2023
And signed on its behalf by:
K. Miah Trustee 31 March 2023
Page 8
Al-Ummah Foundation Statement of Cash flows for the year ended 31 March 2023
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Increase in trade and other payables Net cash provided by/(used in) operating activities Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2023 £ 5,130 95 5,225 - - 5,225 12,607 17,832 17,832 17,832 |
2022 £ (9,764) - |
|---|---|---|
| (17,619) | ||
| 7,855 | ||
| - | ||
| (9,764) | ||
| 22,371 | ||
| 12,607 | ||
| 12,607 | ||
| 12,607 |
Page 9
Al-Ummah Foundation Notes to the Accounts
for the year ended 31 March 2023
- 1 Accounting policies
Basis of preparation
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) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
Al-Ummah Foundation Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 11
Al-Ummah Foundation Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12
Al-Ummah Foundation Notes to the Accounts
| Al-Ummah Foundation Notes to the Accounts |
|||
|---|---|---|---|
| 3 Statement of Financial Activities - prior year Income and endowments from: Donations and legacies Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Voluntary Income - Donation Activities for generating funds 5 Other income |
Unrestricted funds 2022 £ 39,774 7,855 47,629 57,307 86 57,393 (9,764) (9,764) (9,764) - (9,764) Unrestricted £ 62,734 - 62,734 |
Restricted funds 2022 £ - - - - - - - - - 22,371 22,371 Total 2023 £ 62,734 - 62,734 Total 2023 £ - - |
Total funds 2022 £ 39,774 7,855 |
| 47,629 57,307 86 |
|||
| 57,393 | |||
| (9,764) | |||
| (9,764) | |||
| (9,764) 22,371 |
|||
| 12,607 | |||
| Total 2022 £ 18,155 21,619 |
|||
| 39,774 | |||
| Total 2022 £ 7,855 |
|||
| 7,855 |
Page 13
Al-Ummah Foundation Notes to the Accounts
| Al-Ummah Foundation Notes to the Accounts |
||||
|---|---|---|---|---|
| 6 Expenditure on charitable activities Expenditure on charitable activities General Charitable Purposes, Education/training, Religious Activities Governance costs 7 Other expenditure General administrative costs 8 Staff costs No employee received emoluments in excess 9 Creditors: amounts falling due within one year Trade creditors 10 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Total funds |
of £60,000. At 1 April 2022 12,607 12,607 - 12,607 |
Unrestricted £ 57,495 57,495 Unrestricted £ - 109 109 2023 £ 95 95 Incoming resources (including other gains/losses ) £ - - 62,734 62,734 |
Total 2023 £ 57,495 57,495 Total 2023 £ - 109 109 Resources expended £ - - (57,604) (57,604) |
Total 2022 £ 57,307 |
| 57,307 | ||||
| Total 2022 £ 1 85 |
||||
| 86 | ||||
| 2022 £ - |
||||
| - | ||||
| At 31 March 2023 £ 12,607 |
||||
| 12,607 | ||||
| 5,130 | ||||
| 17,737 |
Page 14
Al-Ummah Foundation Notes to the Accounts
11 Analysis of net assets between funds
| 11 Analysis of net assets between funds | |||
|---|---|---|---|
| Net current assets 12 Reconciliation of net debt Cash and cash equivalents Net debt |
Unrestricted funds £ (95) (95) At 1 April 2022 £ |
Restricted funds £ 17,832 17,832 Cash flows £ |
Total £ 17,737 |
| 17,737 | |||
| At 31 March 2023 £ |
|||
| 12,607 | 5,225 | 17,832 | |
| 12,607 12,607 |
5,225 5,225 |
17,832 | |
| 17,832 |
13 Related party disclosures Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 15
Al-Ummah Foundation Detailed Statement of Financial Activities
for the year ended 31 March 2023
| Income and endowments from: Donations and legacies Voluntary Income - Donation Activities for generating funds Other Total income and endowments Expenditure on: Charitable activities General Charitable Purposes, Education/training, Religious Activities Total of expenditure on charitable activities Other expenditure General administrative costs, including depreciation and amortisation Software, IT support and related costs Sundry expenses Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: |
Unrestricte d funds 2023 £ 62,734 - 62,734 - - 62,734 57,495 57,495 57,495 - - 92 17 109 109 57,604 - 5,130 5,130 - 5,130 |
2023 £ - - - - - - - - - - - - - - - - - - - - - |
Total funds 2023 £ 62,734 - 62,734 - - 62,734 57,495 57,495 57,495 - - 92 17 109 109 57,604 - 5,130 5,130 - 5,130 |
Total funds 2022 £ 18,155 21,619 |
|---|---|---|---|---|
| 39,774 | ||||
| 7,855 | ||||
| 7,855 | ||||
| 47,629 57,307 |
||||
| 57,307 | ||||
| 57,307 1 |
||||
| 1 | ||||
| 85 - |
||||
| 85 | ||||
| 86 | ||||
| 57,393 - |
||||
| (9,764) | ||||
| (9,764) - |
||||
| (9,764) | ||||
Page 16
Al-Ummah Foundation Detailed Statement of Financial Activities
| Al-Ummah Foundation Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Total funds brought forward Total funds carried forward |
- 5,130 |
12,607 12,607 |
12,607 17,737 |
22,371 |
| 12,607 |
Page 17