2024-07-30-accounts

CHARITY NUMBER: 1184503

ORGANISATION OF CULTURE AND CHARACTER

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024

ORGANISATION OF CULTURE AND CHARACTER INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

CONTENTS

Approval Statement Receipts and Payments Account Statement of Assets and Liabilities	PAGE 1 2 3

ORGANISATION OF CULTURE AND CHARACTER

APPROVAL STATEMENT

Accountant's Report

In accordance with your instructions as based on the books, records, information and explanation you have provided, we have prepared year end accounts for the year ended 31 July 2024. These year end accounts are in accordance with generally acceptable accounting practice. However we have not undertaken an audit of these statements.

Clients Approval Certificate

We approve these accounts which comprise the Receipts and Payments Account, the Statement of Assets and Liabilities. We acknowledge our responsibility for the accounts and for providing all the information and explanations necessary for their compilation.

-----------------------------------------Khayam Khan (Chair)

Sobaan Riaz

---

Accountants:

Digitus Accountancy Telephone: [phone] Mobile No: 07799 625 037 www.digitus-accountancy.com [e-mail] Registered office: 363A Dunstable Road, Luton. Beds. LU4 8BY Registered in England and Wales. Company No: 07203058

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ORGANISATION OF CULTURE AND CHARACTER BALANCE SHEET AS AT 31 JULY 2024

Notes FIXED ASSETS 1 CURRENT ASSETS Other debtors 2 Cash at bank CREDITORS - Amounts due within 1 year 3 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS - Due after 1 year 4 Total net assets Represented by Profit and loss reserve 5	1,980,282 114,184 39,239 (840) 152,582 2,132,864 - 2,132,864 2,132,863 2,132,863 2024	1,980,282 114,184 39,239 (840) 152,582 2,132,864 - 2,132,864 2,132,863 2,132,863 2024	1,114,470 43,000 20,995 (14,360) 49,635 1,164,105 - 1,164,105 1,164,104 1,164,104 2023	1,114,470 43,000 20,995 (14,360) 49,635 1,164,105 - 1,164,105 1,164,104 1,164,104 2023
				1,164,105
				-
				1,164,105
				1,164,104
				1,164,104
The director states that:

The accounts were approved by the board of trustees on the 08 January 2025.

--------------------------------------------- Trustees Khayam Khan (Chair) --------------------------------------------- Trustees Sobaan Riaz

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ORGANISATION OF CULTURE AND CHARACTER INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JULY 2024

INCOME	2022/23	2021/22
Donations	1,583,522	1,426,861
Total Receipts	1,583,522	1,426,861
EXPENSES
Donations Admin expenses Professional & Consultancy Fees	502,567 50,297 28,110	373,318 60,980 -
Premises Costs	33,789	-
Total Payments Net Income Total funds brought forward	614,763 968,759 1,164,104 2,132,863	434,298
		992,563 171,541
		1,164,104

ORGANISATION OF CULTURE AND CHARACTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 JULY 2024

ACCOUNTING POLICIES

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the company’s accounts.

a) Basis of Accounting

Accounts are prepared on the historical cost basis of accounting.

b) Depreciation

Depreciation is calculated so as to write off the full cost of tangible fixed assets at the following annual rate: Fixtures, Fittings and Equipment 20% on a reducing balance basis

d) Turnover

Turnover represents the takings as security providers and is stated exclusive of value added tax.

e) Cash Flow Statement

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small company.

1. TANGIBLE ASSETS

Cost: As at 1 August 2023 Additions Disposals As at 31 July 2024 Accumulated Depreciation As at 1 August 2023 Depreciation for the Year Depreciation on Disposals As at 31 July 2024 Net Book Value at 31 July 2023 Net Book Value at 31 July 2024		Fixtures, Fittings & Equipment £ 15,251 - -	Motor Vehicle £ 13,000 - -	Plant & Machinery - - -	Freehold Premises £ 1,105,000 867,706 - 1,972,706 - - - - 1,105,000 1,972,706	Total £ 1,133,251 867,706 -
		15,251	13,000	-		2,000,957
		10,981 854 -	7,800 1,040 -	- - -		18,781 1,894 -
		11,835	8,840	-		20,675
		4,270	5,200	-		1,114,470
		3,416	4,160	-		1,980,282

ORGANISATION OF CULTURE AND CHARACTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 JULY 2024

2.) OTHER DEBTOR Trade Debtors		2024 £ 114,184		2023 £ 43,000
		114,184		43,000
3.) CREDITORS Due within one year Accountancy Other Creditors 4.) CREDITORS Due after one year Bank Loan - 5.) Income and Expenditure As at 1 August 2023 Profit/(Loss) for the Year		2024 £ 840 - 840 2024 £ - - - 2024 £ 171,541 968,759 1,140,300		2023 £ 840 13,520
				14,360
				2023 £ - -
				-
			2023 £ 66,784 104,757
			171,541

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