REGISTERED COMPANY NUMBER: 06227466 (England and Wales)
REGISTERED CHARITY NUMBER: 1184068
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023
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| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Report of the Trustees | 4 to 14 |
| Independent Examiner's Report | 15 |
| Statement of Financial activities | 16 |
| Statement of Financial Position | 17 |
| Notes to the accounts | 17 to 22 |
| Detailed Statement of Financial Activities | 23 |
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Hawa Trust Limited Legal and Administrative Information
Chairman Board of Trustees: Miss Hawa Daboh Sesay Other Trustee Members: Mbalu Mansaray Alhaji T K Sesay ` Mariatu Davies
Chief Executive Officer: Hawa D Sesay
Registered Company Number 07912968 (England and Wales) Registered Charity Number 1184068 Registered Office: 14 Egbert House Homerton Road Hackney London E9 5QF Independent Examiner Tamba Koroma, FCCA Teim Accountants 313 Mare Street Hackney London E8 1EJ Bankers: Barclays Bank London E13 9PL
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recomended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Effective 1 January 2015.
Established 1st September 2009, Hawa Trust Ltd is a company limited by guarantee and is governed by a Memorandum and Articles of Association.
Hawa Trust is committed to eradicating FGM in the UK, especially among African, Asian and Arab communities. Girls and young women from African communities are normally taken to Africa to undergo FGM. This is a dangerous practice which has devastating physical, psychological and emotional effects on the victims. We also address issues relating to HIV and AIDS, and domestic violence.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, articles of association, and constitute a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The legal responsibility for the election of new trustees to Hawa Trust lies with the Annual General Meeting (AGM). The Board recognises that it has only limited control over the election of trustees at the AGM. It is accepted that Hawa Trust members should be able to elect people to the Board who they believe will best represent their interests. However the existing Board members also have a responsibility to ensure that the needs of the organisation in terms of governance are met by those people elected. The Board seeks to do this by adopting a system of recommending Trustee appointments to the membership using the steps detailed below. The membership will then decide to elect a recommended candidate or to appoint another person to the board.
Trustees can delegate some aspects of recruitment of Trustees to Management, but they ensure that they retain overall responsibility and control of the recruitment, selection and induction processes. In recruiting new trustees, the existing trustees and management act in the best interests of Hawa Trust and in accordance with the Charity Commission directives as laid out in CC30.
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
Induction and training of new trustees
All trustees are expected to attend:
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Volunteer induction training
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Trustee induction session
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Any other update training of relevance to Board members
As part of the induction process all trustees receive copies of the following:
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Outline of current boards skills and experience
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A copy of the previous year's Annual Report and Financial Report
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A copy of the Memorandum and Articles of Association (governing document)
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A copy of the previous Board meeting minutes (once agreement for appointment has been made by the Trustees)
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Charity Commission CC3 - The essential trustee: What you need to know
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Charity Commission CC60 - The Hallmarks of an Effective Charity
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Copies of the trustee handbook with all current up to date policies
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees confirm that they regularly review the significant risks facing the Charity and have systems and procedures in place to mitigate against those risks. The risk policy has adopted a risk mapping methodology that is applied to each identified risk, assessing the likelihood of it occurring and the severity of the impact of occurrence on the Charity. The Chief Executive Officer is responsible for the day-to-day monitoring of risk and reporting to the Trustees.
Trustee meetings and actions
The Trustees are required to be meeting regularly in order to provide oversight and support to the charity as well as work with the staff team to achieve our project outcomes for the improvement of the welfare of our beneficiaries. Over the past year we have met at times online in order to accommodate some trustees who had travelled and at other times at the new office of the charity. These meetings have involved accepting reports from the staff team, responding to queries from funders, making future plans for the charity, exploring partnerships for more effective working, and examining the charity’s financial situation so as to provide advise on improving our financial
performance. As the demand for our services is growing due to the cost of living crisis and the needs of our deprived women beneficiaries, we have discussed the possibility of increasing our staff strength by hiring part time staff and more volunteers. However, because of financial constraints some of these plans could not be implemented. We are pleased to welcome Ms Samuella Sillah into the Board; she is a public health practitioner and so brings her experience into our women’s programmes.
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Report of the Trustees For the Year Ended 31 January 2023
Hawa Trust Limited
OBJECTIVES AND ACTIVITIES
Objectives and aims
Hawa Trust is a locally based organization that works with different people and organizations in the fight against FGM/C related with HIV, Domestic Violence (DV) and other harmful abuse to women and girls.
Part of our charity’s objectives include:
1) To protect and preserve the physical and mental health of women, and girls from BME communities in particular by: a) Campaigning to raise awareness of female genital mutilation (FGM) and the violence against women which arises as a result of the practice of FGM including child marriage, child trafficking and domestic violence.
b) Providing support and assistance to deal with the challenges which women and girls face relating to and resulting from FGM, HIV/AIDS and domestic violence
Hawa Trust works with FGM/C affected communities by raising awareness of the dangers and legal repercussions of FGM/C and the associated physical, emotional and psychological effects.
Our aim is to reduce the risks of girls and young women undergoing FGM here in the UK and abroad, and DV. We work with civil society on the health risks of FGM/C and DV, with more efforts to raise awareness of the practices in terms of maternal health, HIV/AIDS, and other dangers.
FGM has been considered a violation of human rights. It is illegal in the UK. In England, Wales and Northern Ireland, the practice is illegal under the Female Genital Mutilation Act 2003 and in Scotland it is illegal under the Prohibition of Female Genital Mutilation (Scotland) Act 2005.
Public benefit
To promote social inclusion for the public benefit by preventing people from becoming socially excluded and assisting them to integrate into society. For the purpose of this clause, "socially excluded" means being excluded from society, or parts of society, as a result of one or more of the following factors: youth or old age, ill health (physical or mental), race, and disability, ethnic origin, religion, relationship and family breakdown. Hawa Trust sensitises the local community through campaigns, trains volunteers, parents and carers, organises conferences, seminars and workshops, collaborates with community members, churches, mosques and cultural centres, advocates for victims and lobby leaders and MPs.
We also provide support to FGM and DV victims through referrals, support and a helpline. We organise drama, cultural evenings, women’s meetings, girls support meetings, social media events, debates and information evenings especially for young people.
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
ACHIEVEMENT AND PERFORMANCE
In pursuance of the achievement of our aims and objectives, Hawa Trust always sets up projects to meet identified needs either in the lives and situations of our service users or those identified within our immediate community. These programmes are focused on service users to enhance a positive change in their circumstances.
Key Projects
Female Genital Mutilation Campaigns
During this year our focus has been to create awareness about the devastating impact of FGM and ensuring no women and girls undergo this practise in the communities where we work. Our tireless work on FGM within practicing communities is increasingly creating visible impact, with many FGM survivors, families, faith and community leaders and men getting involved in our campaigns. Many stakeholders including clinical services, safeguarding teams, schools, the police, local councilors and volunteer groups in London now recognise our FGM expertise, influence and community grassroots networks. We continue to provide culturally, faith and linguistically appropriate information on FGM. We support and provide those with experiences of FGM the opportunity to both share their experiences and become active champions against FGM in their communities. The focus will still be to breakdown the walls of isolation and build the confidence of those affected while empowering them to effectively contribute their quota in enhancing community cohesion.
Food and practical support
As stated above thre has been increases in the cost of living which has negaively affected our core and vulnebrale beenficiaries. Especially immigrant BAME vulnerable women in Hackney who are victims of domestic violence and FGM, their nutritional and health staus has worsened. During the Covid-19 pandemic we received funding to provide nutritional support for vulnerable women to improve their nutrition and health levels, as well as reduce the impact of domestic violence and neglect. Last year funding received for food support reduced. We used to bulk purchase food and other household items which our vulnerable beneficiaries have stated that they are in desperate need of: dry rice, vegetable oil, tin tomatoes, sardines, and other tinned products. Last year we provided simiplar support though at a lower scale because f financial constraints. Our volunteers and community champions distribute these items to vulnerable immigrant BAME women both at our office and at the homes of elderly and disabled women. Feedback has indicated that most welcome the food support but the need is increasing while the resources are limited
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
ACHIEVEMENT AND PERFORMANCE (continued)
This past year has been another eventful and successful year for our charity. We have continued to worked diligently to support our beneficiaries thanks to the help of several funders, and provided resources for them to cope with their various challenges. We have continued to focus on to protecting and preserving the physical and mental health of women, and girls from BME communities in particular by:
a) Campaigning to raise awareness of female genital mutilation (FGM) and the violence against women which arises as a result of the practice of FGM including child marriage, child trafficking and domestic violence; b) Providing support and assistance to deal with the challenges which women and girls face relating to and resulting from FGM, HIV/AIDS and domestic violence.
One to One Meetings with Victims of FGM and Domestic Violence (DV).
Since the aftermath of the Covid-19 there have been increases in cases of Domestic Violence and FGM. We have accordingly received higher levels of reports of women and girls who have become victims or at great risk of FGM and DV. We received over 70 calls and referrals at our offices for help. With the welcome support of our funders we conducted both remote and in person one to one sessions with victims and those at risk. This is in line with our constitution which commits us to provide VAWG victims and those most at risk with skills, reporting options and safe spaces where they can regain confidence, learn new skills, discover resilience and are referred for specialist support. 50 beneficiaries were referred for housing, education, benefits, immigration and deinfibulation to African Wellwomen’s clinics. 80% of women supported stated that they benefited greatly from the one to one support and have seen positive changes in their lives.
You Are Not Alone monthly women’s meetings
The charity continues to organise our monthly special meetings for vulnerable women victims and those at risk of FGM and DV at our office. These women have used these sessions as a safe space to share their experiences, receive advice and establish networks with their peers who are encountering similar challenges. As usual we have invited several public health, medical and social work professionals to make presentations on a many women and health related topics including the law and DV, menopause, reporting abuse, benefits, diabetes, healthy eating, seeking help, their rights and personal development. About 70 FGM and DV survivors benefited from our monthly women’s support sessions.
Free yoga classes for vulnerable BAME women
We continued organising weekly yoga exercise classes for victims and those at risk of FGM and DV in Hackney. We continued with a professional yoga trainer and acquired space and materials to support the training. The sessions include the provision of refreshment and transportation for vulnerable women to enable them attend the exercise classes. However, last year, as a result of limited resources, we have not been able to conduct the sessions on a weekly basis and provide transportation for beneficiaries. We have therefore applied to Sport England to help us provide these needed sessions. We know that these yoga exercises are beneficial for women who have been victims of DV and FGM. Regular exercises improve their health and reduce attendance at hospitals. A total of 55 women gained physical and mental resilience through our free yoga and exercise classes. Feedback from evaluation forms and interviews showed that 85% had increased confidence, better sleep, less stress and less FGM and DV flashbacks. Many did not need to go to hospital for minor ailments.
Community champions
Finally, we support community champions who go into the community to raise awareness and support vulnerable beneficiaries. We provide regular training and refresher sessions for them on FGM, DV and Covid-19. With funding received to raise awareness about Long Covid, the community champions have become a vital part of this project. We especially targeted the large number of myths and misinformation going on about the virus spread among our Black communites through tik tok and Facebook. We also used information from Hackney Public health and governemnt sources to counter such misinfortion and we provided material in accessible langiages of migrants who had low literacy levels. We also had jingles and messages sent by WhatsApp to our beneficiaries to inform them to infomr them about the phenomenon of Long Covid. We also went into the mosques and streets to encourage vaccine uptake and answer questions raised especially by Black youths.
We continued to send our vounteers and communtiy champions to visit the diabled and elderly; they have helped them in medication collection as well as reminding them to take their medication. We have helped those who qualify to access benefits like housing and fuel allowance, and made referrals to council agencies.
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
ACHIEVEMENT AND PERFORMANCE (continued)
For young teenage girls, the support needs are more complex - emotional, mental health, physical health and well-being. In response, we engage with them in workshops that educate, empower and enable them to establish who they are and become the person they want to be. For late teens (16 to 19), we provide the entire services above but with tailored support for independence and career development in collaboration with other charity organisation or government institutions..
Demand for our services
The need for our service is greatly accelerated by the level of deprivation in East London particularly in the Hackney borough where we operate. Hawa Trust has a dedicated team of skilled volunteers drawn from diverse backgrounds. We are grateful for the invaluable support of our volunteers who are at the forefront of service provision. We have volunteers who support our activities, community campaigns and give advice, guidance and befriending sessions on FGM and DV.
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
ACHIEVEMENT AND PERFORMANCE (continued)
Evaluation methods
From the onset of our project, we have built a culture of reflection and analysis. We adopted the participatory evaluation style which is a positive model for group discussions, analysis, problem-solving and corrective action. The advantages of this include
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Building mutual responsibility thereby strengthening their involvement and commitment to the project
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Contribution to improved communication with them and with other stakeholders - for example their parents and guardians
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Increasing their understanding of the project and enhancing their own personal development
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Addressing the appropriate issues of concern and utilising the available resources among them.
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Providing their sense of ownership of the project with the potential of learning more about the girls.
Community champions
Our community champs are vital for our work. We provide regular training and refresher sessions for them on FGM, DV and Covid-19. They are the ones who go into the communities with leaflets to engage with people. They have been key to disseminate credible information on the transmission and prevention of Covid-19. We especially targeted the large number of myths and misinformation going on about the virus spread among our Black communites through tik tok and Facebook. Some of them said that the vaccine was designed to make Blacks infertile or to use Blacks as guinea pigs like in the tuskegee project. We used information from Hackney Public health and governemnt sources to counter such misinfortion and we provided material in krio and other accessible langiages of migrants who had low literacy levels. We also had jingles and messages sent by WhatsApp to our beneficiaries to inform them to take the vaccine and that it is safe. We worked with the local pharmacy to send people to be vaccinated and supported a pop up clinic in Hackney with volunteers and interpreting. We also went into the mosques and streets to encourage vaccine uptake and answer questions raised especially by Black youths who are very skeptical about the virus.
We send our vounteers and communtiy champions to visit the diabled and elderly; they have helped them in medication collection as well as reminding them to take their medication. We have helped those who qualify to access benefits like housing and fuel allowance, and made referrals to council agencies.
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
ACHIEVEMENT AND PERFORMANCE (continued)
Recognition
The positive impact that our various projects are making in the lives of people and in the community at large has earned us a number of awards and achievements, notable among them are the following:
• Finalist - Community Involvement Category at the London Business Awards 2010 sponsored by HSBC
• Finalist - Partnership Achievement category - London Health Commission awards 2010
- Best Community Based business in Greenwich 2008
• Community Civic Award for reducing Isolation – Royal Borough of Greenwich 2019 Although the year has been difficult from both financial and operational perspectives, we can say overall that the past year has been successful and progressive for the charity. The staff team should be commended for having worked diligently to support our beneficiaries and provided resources for them to manage their various challenges caused by the the cost of living increases, thanks to the support of our many funders.
FINANCIAL REVIEW
Results for the year
During the year the Charity received £108,159 (2022: £87,452) from donations and grants.
The surplus/(deficit)for the year was (£4,383 (2022: (£7,366)), and this balance has been added to the accumulated funds carried forward £9,113 (2022: £4,730).
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
SOME OF OUR PROJECT ACTIVITIES IN PICTURES
Black History Month Talk - FGM issues
Young Community Champions Dancing session
FGM & Domestic Voilence Training session
Children training session
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
Reserves policy
The Board of Trustees has reviewed the reserve policy of the organisation and will do so annually. The decision on the level of reserve depends on the level of unrestricted funds available. They decided that the current level of reserve should be maintained at least at a level equivalent to approximately three months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of any significant drop in the organisation's funding, they will be able to continue with current activities while consideration is given to ways in which additional funds may be raised.
Principal funding sources
Funds utilised during the year came from the following grant making bodies listed below. City Bridge, The APHN (AAF), Hackney Public Health, Hackney Giving, MOPAC, National Lottery, The London Community Foundation.
Corporate Partners and Funders
HACKNEY COUNCIL, Hackney CVS, Hackney Giving, Hackney Public Health Main fund, Big Lottery, Awords for All
Greater London Authority, Building Strong Communities
Global Comfort - Knife Crime & FGM - Dr Comfort Momoh African Advocacy Foundation - Lewisham
NSPCCA
Project ACE - Enfield Women's Resource (WRC) The Metropolitan Police
Rise Fund Sport England Imkaan
GOING CONCERN
After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.
Further details regarding the adoption of the going concern basis are in note 1 ‘Accounting Policies’ in the financial statements.
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Hawa Trust Limited Report of the Trustees For the Year Ended 31 January 2023
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Hawa Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 the Financial Reporting Standard Applicable in the UK and Republic of Ireland.
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and charities act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ......16th October 2023................. and signed on its behalf by:
Hawa Daboh Sesay Chief Executive
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Independent Examiner's Report of Hawa Trust Limited
I report on the accounts for the year ended 31 January 2023 set out on pages eleven to eighteen.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the 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 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 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 statements below.
Independent examiner's statement
In connection with my 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 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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.
Tamba Koroma FCCA Independent examiner Teim Accountants 313 Mare Street London, E8 1EJ Date: ….....16th October..2023..................
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Hawa Trust Limited Statement of Financial Activities For the Year Ended 31 January 2023
| Unrestricted Funds Notes £ INCOMING RESOURCES Incoming Resources from generated funds Voluntary Income Donations 2 - Grant income Grants received 3 108,159 Investment Income Bank Interest received 3a - Total Incoming Resources 108,159 RESOURCES EXPENDED Resources expended on Charitable Activities: Charitable activities costs 4 73,738 Cost of generating voluntary income 5 9,050 Resources Expended 82,788 Other Resources Expended Governance costs 6 18,068 Other support costs 7 2,920 20,988 Total Resources Expended 103,776 Net incoming resources for the year 4,383 RECONCILIATION OF FUNDS Net movement in funds 4,383 Fund balances brought forward 4,730 Fund balances carried forward 9,113 |
Unrestricted Funds Notes £ INCOMING RESOURCES Incoming Resources from generated funds Voluntary Income Donations 2 - Grant income Grants received 3 108,159 Investment Income Bank Interest received 3a - Total Incoming Resources 108,159 RESOURCES EXPENDED Resources expended on Charitable Activities: Charitable activities costs 4 73,738 Cost of generating voluntary income 5 9,050 Resources Expended 82,788 Other Resources Expended Governance costs 6 18,068 Other support costs 7 2,920 20,988 Total Resources Expended 103,776 Net incoming resources for the year 4,383 RECONCILIATION OF FUNDS Net movement in funds 4,383 Fund balances brought forward 4,730 Fund balances carried forward 9,113 |
Restricted Funds £ - - - |
Total Funds 2023 £ - 108,159 - 108,159 73,738 9,050 82,788 18,068 2,920 20,988 103,776 4,383 4,383 4,730 9,113 |
Total Funds 2022 £ 3,000 84,452 - |
|---|---|---|---|---|
| 108,159 | - | 87,452 | ||
| 73,738 9,050 |
- | 51,970 27,922 |
||
| 82,788 | - | 79,892 | ||
| 18,068 2,920 |
- - |
14,216 710 |
||
| 20,988 | - | 14,926 | ||
| 103,776 | - | 94,818 | ||
| 4,383 | 0 | (7,366) | ||
| 4,383 4,730 |
- - |
(7,366) 12,096 |
||
| 9,113 | - | 4,730 |
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Hawa Trust Limited Balance Sheet At 31 January 2023
| Notes Fixed Assets Tangible fixed assets 11 Current Assets Debtors 12 Cash at bank and in hand Creditors: Amounts falling due within one year 13 Net Current Assets Net Assets Funds 14 Unrestricted Funds Restricted Funds |
Unrestricted 2023 £ 108 108 7,175 7,175 (1,830) 9,005 9,113 Funds |
Restricted Funds £ - - - - |
Total 2023 £ 108 108 - 7,175 7,175 (1,830) 9,005 9,113 9,113 - 9,113 Funds |
Total Funds 2022 £ 2,276 |
|---|---|---|---|---|
| 2,276 | ||||
| - 1,504 |
||||
| 1,504 (950) |
||||
| - | 2,454 | |||
| - | ||||
| 4,730 | ||||
| 12,096 - |
||||
| 12,096 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees on ….....9th September 2023..................... and were signed on its behalf
Hawa D Sesay
Chair of Board of Trustees
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Hawa Trust Limited Notes to the Financial Statements For the Year Ended 31 January 2023
1 Accounting Policies
Accounting Convention
The accounts have been prepared in accordance with all applicable accounting standards, FRS 102, the Statement of Recommended Practise (SORP), “Accounting and Reporting by Charities” revised 2015 (FRS 102) and the Companies Act 2006, except for the alternative headings that have been used in the Statement of Financial Activities, as the Trustees feel that the revised headings make the accounts easier to read for a nonfinancial audience. The principal accounting policies adopted in the preparation of the accounts are set out below.
The charity constitutes a public benefit entity as defined by FRS102.
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Grants and Donations
Income from grants and donations is included in incoming resources when these are receivable.
Going concern
The Charity’s activities, together with the factors likely to affect its future performance and position are set out in the Report of the Trustees on pages 2 to 8 which describes the structure, governance and management of the Charity; its risk management policies and procedures, its objectives and activities, the achievements, performance and financial position of the Charity, and its plans for the future.
After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.
Resources Expended
Expenditure is accounted for on 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 headings they have been allocated to activities on a basis consistent with the use of resources.
Cost of generating funds
Cost of generating funds are those costs relating to the generation of income and includes cost related to the management of the charities activities.
Allocation and apportionment of costs
Support cost are those cost related to shared activities of the organisation and are apportioned on a basis considered appropriate to the underlying activities
Governance costs
Governance costs are the costs associated with the strategic direction of the charity and with meeting regulatory responsibilities.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipments 25% on cost
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Hawa Trust Limited Notes to the Financial Statements For the Year Ended 31 January 2023
- 2 Voluntary Income
| Voluntary Income General donations Grant Income |
31.01.2023 £ - - 31.01.2023 £ |
31.01.2022 £ 3,000 |
| 3,000 | ||
| 31.01.2022 £ |
3 Grant Income
| City Bridge, IMKAAN, Hackney Public Health, Hackney Giving, MOPAC, Awards for All,Ministry of Justice, ROSA, Sports England.WRC (Women's Resources Centre) 3a Investment Income Bank Interest received Resources Expended 4 Charitable activities cost Project support costs Wages Travel and subsistence Hire of hall Printing and publicity Volunteer expenses Workshop & Event 5 Cost of generating voluntary income Workshop Events Other general office expenses Equipment expenses 6 Governance costs Accountancy services Depreciation Bank charges Other Legal & Professional Consultancy fees |
108,159 108,159 31.01.2023 - - 31.01.2023 £ 36,775 27,420 1,813 0 1,500 6,230 0 73,738 31.01.2023 £ - 500 250 750 31.01.2023 £ - 2,168 300 - - 2,468 |
84,452 |
|---|---|---|
| 84,452 | ||
| 31.01.2022 - |
||
| - | ||
| 31.01.2022 £ 1,400 0 1,649 7,208 3,500 4,400 33,813 |
||
| 51,970 | ||
| 31.01.2022 £ 26,565 857 500 |
||
| 27,922 | ||
| 31.01.2022 £ 950 2,168 300 2 10,798 |
||
| 14,218 |
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Hawa Trust Limited Notes to the Financial Statements For the Year Ended 31 January 2022
| 7 Other support costs Wages Social security costs Pension Insurance Telephone, internet and fax Printing, post and stationery IT & Software Recruitment expenses 8 NET INCOMING/(OUTGOING) RESOURCES Net resources are stated after charging/(crediting): Depreciation - owned assets Independent examination fees |
31.01.2023 £ - - - 300 1,360 1,360 - - 3,020 31.01.2023 £ 2,168 - 2,168 |
31.01.2022 £ - - - 300 410 1,157 - - - |
|---|---|---|
| 1,867 | ||
| 31.01.2022 £ 2,168 475 |
||
| 2,643 |
9 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022
There were no trustees' expenses paid neither for the year ended 31 January 202 nor for the year ended 31 January 2022.
10 STAFF COSTS
| STAFF COSTS 31.01.2023 £ Wages and salaries/Consultants 27,420 Social security costs - 27,420 31.01.2023 - The average monthly number of volunteers during the year was as fol |
31.01.2022 £ - - |
|---|---|
| - | |
| 31.01.2022 - |
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Hawa Trust Limited Notes to the Financial Statements For the Year Ended 31 January 2022
11 Tangible Fixed Assets
All assets relate to the Charity and are used for charitable purposes.
| Cost At 1st Feb 2022 Improvements Additions Disposals At 31st January 2023 Depreciation At 1st Feb 2022 Charge for the year At 31st January 2023 Net Book Value At 31st January 2023 12 Debtors Prepayment Other Debtors 13 Creditors: Amounts falling due within one year Accrued expenses Taxes & Security Loan from Directors Other Creditors |
Computer equipments £ 13,176 - - - 13,176 10,900 2,168 13,068 108 31.01.2023 £ - - 31.01.2023 £ 950 880 - 1,830 |
Total £ 13,176 - - - |
|---|---|---|
| 13,176 | ||
| 10,900 2,168 |
||
| 13,068 | ||
| 108 | ||
| 31.01.2022 £ - 3,955 |
||
| 3,955 | ||
| 31.01.2022 £ 950 0 0 0 |
||
| 950 |
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Hawa Trust Limited Notes to the Financial Statements For the Year Ended 31 January 2022
14 MOVEMENTS IN FUNDS
| Unrestricted fund Restricted funds |
At 1st January 2022 £ 4,730 - 4,730 |
Net Movements in funds £ 4,383 - 4,383 |
At 31st January 2023 £ 9,113 - |
|---|---|---|---|
| 9,113 |
14 SUMMARY MOVEMENT IN FUNDS FOR THE YEAR
| Unrestricted funds Restricted funds |
Incoming resources £ 108,159 - 108,159 |
Resources expended £ 103,776 (0) (103,776) |
Movement in funds £ 4,383 0 |
|---|---|---|---|
| 4,383 |
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Hawa Trust Limited Detailed Financial Statements For the Year Ended 31 January 2022
| INCOMING RESOURCES Voluntary & Investment Income Donations Grants Bank interest received Total income resources RESOURCES EXPENDED Other Charitable activities cost Project support costs Wages/Consultants Travel and subsistence Hire of hall Printing and publicity Volunteer expenses Workshop & Event Cost of generating voluntary income Workshop Events Staff training & welfare Other general office expenses Equipment expenses Governance costs Accountancy services Other Professional Charges Bank charges Depreciation Consultance fees Support Costs Wages Social security costs Pensions Insurance Telephone, internet and fax Printing, post and stationery Recruitment expenses IT & Software Total Resources Expended Net Expenditure Profit per Client |
31.01.2023 £ 0 108,159 108,159 36,775 27,420 1,813 1,500 6,230 0 73,738 8,000 300 500 250 9,050 1,000 - 300 2,168 14,600 18,068 300 1,360 1,260 2,920 103,776 4,383 4,383 0 |
31.01.2022 £ 3,000 84,452 - |
|---|---|---|
| 87,452 | ||
| 1,400 0 1,649 7,208 3,500 4,400 33,813 |
||
| 51,970 27,165 857 500 |
||
| 28,522 950 - 300 2,168 10,798 |
||
| 14,216 - - - 300 410 - - |
||
| 710 | ||
| 95,418 | ||
| (7,966) | ||
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