REGISTERED COMPANY NUMBER: 1184793 (England and Wales) REGISTERED CHARITY NUMBER:
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 26 February 2022
for
Ghizng Kurdish Saturday School
Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
Ghizng Kurdish Saturday School
Contents of the Financial Statements for the Year Ended 26 February 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 8 |
| Detailed Statement of Financial Activities | 9 |
Ghizng Kurdish Saturday School
Report of the Trustees for the Year Ended 26 February 2022
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 26 February 2022. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object[s] of the Ghizng Kurdish Saturday School CIO are 1.to advance the education of children aged 5 to 16 years of age for the public benefit by providing tuition in the Kurdish and Arabic language, writing, reading, speaking, listening, art, culture and heritage and religion; and 2. To advance in life and relieve needs of young people by providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
1184793 (England and Wales)
Registered Charity number
Registered office
T/a The Kurdish Weekend School Belvedere Youth & Community Centre 89-91 Miles Street Liverpool Merseyside L8 4PX
Trustees
Mrs A Salah Trustee Mrs C Sofimajid Trustee Mrs S Magid Trustee Mrs S Mahmud Chairwomen
Company Secretary
Approved by order of the board of trustees on 14 November 2022 and signed on its behalf by:
Mrs S Mahmud - Trustee
Page 1
Ghizng Kurdish Saturday School
Statement of Financial Activities for the Year Ended 26 February 2022
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,151 10,990 EXPENDITURE ON Charitable activities Generating voluntary income 1,858 6,426 Other 1,976 4,400 Total 3,834 10,826 NET INCOME 317 164 RECONCILIATION OF FUNDS Total funds brought forward 500 - TOTAL FUNDS CARRIED FORWARD 817 164 |
2022 Total funds £ 15,141 8,284 6,376 14,660 481 500 981 |
2021 Total funds £ 650 |
|---|---|---|
| 62 360 |
||
| 422 | ||
| 228 272 |
||
| 500 |
The notes form part of these financial statements
Page 2
Ghizng Kurdish Saturday School
Balance Sheet
26 February 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 5 89 164 CURRENT ASSETS Cash at bank and in hand 1,448 - CREDITORS Amounts falling due within one year 6 (720) - NET CURRENT ASSETS 728 - TOTAL ASSETS LESS CURRENT LIABILITIES 817 164 NET ASSETS 817 164 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 253 1,448 (720) 728 981 981 817 164 981 |
2021 Total funds £ - 10,850 (10,350) 500 500 500 500 - 500 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 2022 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 provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 November 2022 and were signed on its behalf by:
S Mahmud - Trustee
The notes form part of these financial statements
Page 3
Ghizng Kurdish Saturday School
Notes to the Financial Statements for the Year Ended 26 February 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - 15% on reducing balance |
|---|---|
| Computer equipment | - 33% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation - owned assets | 97 | - |
Page 4
continued...
Ghizng Kurdish Saturday School
Notes to the Financial Statements - continued for the Year Ended 26 February 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 26 February 2022 nor for the year ended 26 February 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 26 February 2022 nor for the year ended 26 February 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 650 - EXPENDITURE ON Charitable activities Generating voluntary income 62 - Other 360 - Total 422 - NET INCOME 228 - RECONCILIATION OF FUNDS Total funds brought forward 272 - TOTAL FUNDS CARRIED FORWARD 500 - TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST Additions 105 245 DEPRECIATION Charge for year 16 81 NET BOOK VALUE At 26 February 2022 89 164 At 26 February 2021 - - |
Total funds £ 650 62 360 422 228 272 500 Totals £ 350 97 253 - |
|---|---|
Page 5
continued...
Ghizng Kurdish Saturday School
Notes to the Financial Statements - continued for the Year Ended 26 February 2022
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accruals and deferred income | - | 9,990 | ||
| Accrued expenses | 720 | 360 | ||
| 720 | 10,350 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 27.2.21 | in funds | 26.2.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 500 | 317 | 817 | |
| Restricted funds | ||||
| Liverpool Charity and Voluntary | ||||
| Services | - | 164 | 164 | |
| TOTAL FUNDS | 500 | 481 | 981 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 4,151 | (3,834) | 317 | |
| Restricted funds | ||||
| Liverpool Charity and Voluntary | ||||
| Services | 1,000 | (836) | 164 | |
| National Lottery | 9,990 | (9,990) | - | |
| 10,990 | (10,826) | 164 | ||
| TOTAL FUNDS | 15,141 | (14,660) | 481 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 27.2.20 | in funds | 26.2.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 272 | 228 | 500 | |
| TOTAL FUNDS | 272 | 228 | 500 |
Page 6
continued...
Ghizng Kurdish Saturday School
Notes to the Financial Statements - continued for the Year Ended 26 February 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 650 | (422) | 228 |
| TOTAL FUNDS | 650 | (422) | 228 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 27.2.20 | in funds | 26.2.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 272 | 545 | 817 |
| Restricted funds | |||
| Liverpool Charity and Voluntary | |||
| Services | - | 164 | 164 |
| TOTAL FUNDS | 272 | 709 | 981 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,801 | (4,256) | 545 |
| Restricted funds | |||
| Liverpool Charity and Voluntary | |||
| Services | 1,000 | (836) | 164 |
| National Lottery | 9,990 | (9,990) | - |
| 10,990 | (10,826) | 164 | |
| TOTAL FUNDS | 15,791 | (15,082) | 709 |
Page 7
continued...
Ghizng Kurdish Saturday School
Notes to the Financial Statements - continued for the Year Ended 26 February 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 26 February 2022.
Page 8
Ghizng Kurdish Saturday School
Detailed Statement of Financial Activities for the Year Ended 26 February 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Grants Total incoming resources EXPENDITURE Charitable activities Insurance Postage and stationery Sundries School supplies Travel & food Subscriptions Repairs Support costs Management Management costs Rent Teaching costs Other Fixtures and fittings Computer equipment Governance costs Accountancy and legal fees Total resources expended Net income |
2022 £ 1 4,150 10,990 15,141 15,141 136 - 15 1,939 164 322 37 2,613 1,590 5,590 4,410 11,590 16 81 97 360 14,660 481 |
2021 £ - 650 - |
|---|---|---|
| 650 | ||
| 650 - 62 - - - - - |
||
| 62 - - - |
||
| - - - |
||
| - 360 |
||
| 422 | ||
| 228 |
This page does not form part of the statutory financial statements
Page 9