HAZARA COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Registered Charity No. 1187340
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HAZARA COMMUNITY ASSOCIATION
INDEX
| PAGE NUMBER 3-5 6 7 8 9 10-15 |
CONTENTS Trustees Annual Report Independent Examiners Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Accounts |
|---|---|
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HAZARA COMMUNITY ASSOCIATION
Report of the trustees for the year ended 30th September 2024
The trustees present their annual report and financial statements of the charity for the year ended 30th September 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 102) (effective 1 January 2019).
Reference and administrative information
Charity Name: Hazara Community Association. Charity Number: 1187340
Trustees (up to date of signing)
Abdurrahin Sharifi Resigned 05/03/2024 Hassan Rahmani Resigned 05/03/2024 Ramazan Ahmadi Resigned 05/03/2024 Mohammad Nabi Salehi Resigned 05/03/2024 Nazir Moradi (Chair of Trustees) Appointed 05/03/2024 Mahdi Rezai Appointed 05/03/2024 Rohullah Nazari Appointed 05/03/2024
Principal Office
33 Clarendon Street Manchester M15 5ED
Independent Examiners
Accountant4every1 22 Yarburgh street, M16 7FJ
Bankers
Lloyds Bank Plc I Legg St Chelmsford CM1 1JS
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HAZARA COMMUNITY ASSOCIATION
Objectives and Activities
The objects of the CIO are:
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To advance the education and training of those granted refugee status and their dependents so as to advance them in life and assist them to adapt within a new community.
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To advance the education of the public in general.
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To provide facilities for recreation and leisure time occupation in the interest of social welfare and with the object of improving the conditions of life of those persons who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances.
In furtherance of these objectives the trustees will aim to establish or secure the establishment of a community centre and to maintain and manage such a centre for activities promoted by the CIO.
The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year.
A review of our achievements and performance: How our activities delivered public benefit
We have closed the other charity (reg number: 1142522) and all the activities taking place under the CIO. All the building works have been completed and all the building regulation requirements have been made and the completion certificate has been given to us by the building inspectors. The building is fully insured. We are still in the process of completing the change of use application, and after the completion of change of use educational classes will commence.
The main achievements during the year were raising money for property repairs for our community so all our celebration, classes, and cultural festivals can be held at our community centre. We also organised Eid festival and volleyball sessions.
Searched for availability of fund for community to repair the purchased building.
Financial Review
The trustees are satisfied with the accounts. During the year trust has received income from donation and legacies is £9,336 (2023: £27,570) and from charitable activities is £10,453 (2023: £9,524).
Investment powers and policy
The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a current account.
Reserves policy and going concern
The balance held in unrestricted reserves at 30th September 2024 was £226,777 (2023: £223,328) of which £5,157 (2023: £10,622.) are free reserves, after allowing for funds tied up in tangible fixed assets.
Risk management
The trustees have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks.
Plans for Future Periods
We plan to complete the change of use permission with the council and start educational classes for children and adults after that.
Structure, governance and management
The Charity is a registered charitable incorporated organisation and is constituted under a trust deed dated 14th January 2020.
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HAZARA COMMUNITY ASSOCIATION
Appointment of trustees
New trustees are appointed by existing trustees and serve for three years after which they may put themselves forward for re-appointment. The Trust Deed provides for a minimum of three trustees, to a maximum of twelve trustees, with no more than three trustees due for re-appointment in any one year.
At the quarterly trustee meetings, the trustees agree the broad strategy and areas of activity for the Charity, including investment, reserves and risk management policies and performance.
Trustee induction and training
The CIO trains and inducts trustees via a system of mentoring and internal training.
Trustees’ responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
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Select suitable accounting principles and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business.
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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 29/05/2024 and signed on their behalf by
Nazir Moradi
Chair
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
HAZARA COMMUNITY ASSOCIATION
REGISTERED CHARITY NO. 1187340
I report on the accounts of the charity, for the Year ended 30th September 2024 which are set out on pages 7 to 15.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity 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 needed. The charity is preparing accrued accounts, and I am qualified to undertake the examination.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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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 Independent Examiners 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 below.
Independent Examiner's Statement
In connection with my examination no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records, have in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act, have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Muhammad Kashif Date: 30/07/2025
Ark Accountants and Auditors Ltd. 334, Slade Lane Manchester, Greater Manchester M19 2BL
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HAZARA COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2024
(Including income and expenditure account)
| Note Income from: Donations and legacies 3 Charitable Activities 4 Investment (Rent) 5 Total Expenditure on: 6,7,8 Raising Funds Charitable Activities Investment (Rent) Total Net Income/(expenditure) Transfers between funds Net movement in funds Revaluation of property 9 Reconciliation of funds Totals funs brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds Year ended 30 Sep 2024 Unrestricted Funds Restricted Funds Year ended 30 Sep 2023 £ £ £ £ £ £ 12300 7420 19720 - 27,570 27,570 14994 - 14994 9,524 - 9,524 |
|---|---|
| 3090 3090 |
|
| 30384 7420 37804 9,524 27,570 37,094 |
|
3652 - 3652 - - - 3361 17114 20475 2,185 13,254 15,439 |
|
| 1130 - 1130 |
|
| 8143 17113.85 25257 2,185 13,254 15,439 |
|
| 22241 (9694) 12547 7,339 14,316 21,655 - - - - - - |
|
| 22241 (9694) 12547 7,339 14,316 21,655 304073 (9694) 316620 223328 295,927 160,355 - 160,355 |
|
| 622,241 (9694) 612,547 223,328 72,599 295,927 |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 10 to 15 form part of these accounts
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HAZARA COMMUNITY ASSOCIATION
BALANCE SHEET AS AT 30TH SEPTEMBER 2024
| Notes Fixed assets: Tangible assets 10 Total fixed assets Current assets: Cash at Bank & in Hand Prepaid expenses Total current assets Liabilities: Creditors: Amounts falling due within one year 11 Net current assets or liabilities Total assets less current liabilities Total net assets or liabilities |
2024 £ 594146 594146 17801 1,200 19001 (600) |
2023 £ 275,189 275,189 11,672 - 11,672 1,050 |
2023 £ 275,189 275,189 11,672 - 11,672 1,050 |
|
|---|---|---|---|---|
1,050 |
||||
| 18401 618401 |
10,622 295,927 |
|||
| 612547 | 295,927 |
Approved on behalf of the Trustees Management Committee
Nabi Salehi (Chair) Date : 30/07/2025
The notes on pages 10 to 15 form part of these accounting period
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HAZARA COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
1. Accounting Policies
- (a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1[st] January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
- (b) Funds structure
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There is one restricted fund at the year end.
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
Further details of each fund are disclosed in note 10.
- (c) Income recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
- (d) Expenditure Recognition
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 settlement will be required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual’s basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (f) below.
- (e) Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
- (f) Allocation of support and governance costs
Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination ad legal fees together with an apportionment of overhead and support costs.
Governance costs and support costs relating to charitable activities have been apportioned based on type of expense. The allocation of support and governance costs is analysed in note 8.
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HAZARA COMMUNITY ASSOCIATION
(g) Costs of raising funds
The costs of raising funds consists of events.
(h) Charitable Activities
Costs of charitable activities include governance costs and an apportionment of support costs as shown in note 5.
- (i) Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised and valued at historical cost. Depreciation is charged on the following basis:
Building 0% Straight Line Basis Fixtures & Fittings 0% Straight Line Basis Building Improvements 0% Straight Line Basis
- (j) Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their varying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
- (k) 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.
- (l) Creditors and Provisions
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 the funds to a third party and the amount due to settle the obligation can be measured of estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2. Related party transactions and trustees' expenses and remuneration
The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind. Expenses paid to the trustees in the period totalled £NIL (2023: £NIL.).
3. Donations and Legacies
| Donations Total |
Unrestricted Year Ended 30 September 2024 £ Restricted Year Ended 30 September 2024 £ Total Funds Year Ended 30 September 2024 £ Total Funds Year Ended 30 September 2023 £ 12300 7420 19720 27,570 |
|---|---|
| 12300 7420 19720 27,570 |
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HAZARA COMMUNITY ASSOCIATION
4. Income from Charitable Activities
| Muharram Fundraising Rent Total |
Unrestricted Year Ended 30 September 2024 £ Restricted Year Ended 30 September 2024 £ Total Funds Year Ended 30 September 2024 £ Total Funds Year Ended 30 September 2023 £ 14994 - 14994 5,910 3090 - 3090 3,614 |
|---|---|
| 18084 - 18084 9,524 |
5. Investment Rent
The community halls were rented to members and earned £3090 in revenue.
6. Expenditure
| Expenditure on raising funds: Event Costs Expenditure on charitable activities: Repairs and Maintenance Equipment Cleaning Governance Insurance Support Costs Electric and CCTV Sundry Utility Expenses Depreciation Food Employment Cost Total |
Charitable Activities £ Year Ended 30 September 2024 £ Year Ended 30 September 2023 £ - - - 16,138 16,138 18,250 - - 1,665 530 530 56 982 982 1,050 1200 1200 495 - - 990 - - 2,000 1250 1250 235 1882 1882 513 - - 10,116 1900 1900 - 1370 1370 - 25,252 25,252 35,370 |
|---|---|
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HAZARA COMMUNITY ASSOCIATION
7. Allocation of governance and support costs
The breakdown of support costs and how these were allocated between governance and other support costs is shown below:
| Basis for apportionment Website Type of Expenses Event attendance Youth Event Type of Expenses Total |
General Support Governance 2024 Total 2023 Total 600 600 495 270 - 270 |
|---|---|
| - 110 110 1,050 |
|
| 270 710 982 1,555 |
8. Independent Examiner Fees
| Independent Examination Fees Total |
Year Ended 30 September 2024 Year Ended 30 September 2023 600 1,050 |
|---|---|
| 600 1,050 |
9. Investment property comprises freehold property consists of three halls, held for rental and capital appreciation purposes. The fair value of the investment property has been arrived at from reviewing market evidence from sources not connected with the charity. The valuation is by the Trustees on an open market value basis.
Fair Value
At 30 September 2023 £295,927
Additions through external acquisition £304073 At 30 September 2024 £600000
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HAZARA COMMUNITY ASSOCIATION
10. Tangible Fixed Assets
| Building Building Improvement Fixtures & Fittings Cost £ £ £ At 1 October 2023 160,891 135036 - Evaluation 304073 - - Additions - - - At 30 September 2024 464964 135036 Depreciation - - - Net Book Value At 30 September 2024 464964 135036 At 30 September 2023 142,295 132,384 510 reditors: amount falling due within one year 2024 £ Other Creditors and accruals 600 Total 600 |
Building Building Improvement Fixtures & Fittings £ £ £ 160,891 135036 - 304073 - - - - - |
Building Building Improvement Fixtures & Fittings £ £ £ 160,891 135036 - 304073 - - - - - |
Total £ 295,927 304073 - |
|
|---|---|---|---|---|
| 464964 135036 |
600000 | |||
| - - |
- | - | ||
| 464964 135036 |
600000 | |||
| 142,295 132,384 |
510 | 275,189 | ||
| 2024 £ 600 600 |
2023 £ 1,050 |
|||
| 1,050 |
11. Creditors: amount falling due within one year
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HAZARA COMMUNITY ASSOCIATION
12. Analysis of Charitable Funds
Analysis of movement in unrestricted funds
| Balance at | Incoming | Resources | Transferred | Balance at 30 | |
|---|---|---|---|---|---|
| 1 October | Resources | Expended | in from | September | |
| 2023 | Charity | 2024 | |||
| £ | £ | £ | £ | ||
| £ | |||||
| General Fund | 295,927 | 30384 | (8143) | - | 326,314 |
| 295,927 | 30384 | (8143) | - | 326,314 | |
| nalysis of movement | in restricted | funds | |||
| Balance at | Incoming | Resources | Transferred | Balance at 30 | |
| 1 October | Resources | Expended | in from | September | |
| 2023 | Charity | 2024 | |||
| £ | £ | £ | £ | £ | |
| Restricted Donation | 7420 | (17113.85) | - | ||
| 7420 | (17113.85) | - | -9,694 | ||
| Total Funds | 295,927 | 7420 | (17113.85) | - | 612,547 |
Analysis of movement in restricted funds
Name of restricted fund: Restricted Donations
Description, nature and purpose of the fund Towards building costs
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HAZARA COMMUNITY ASSOCIATION
13. Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized on a transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at an amortized cost using the effective interest method.
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