_**UMQ COMMUNITY CENTRE**_ 

ANNUAL REPORT AND ACCOUNTS Year Ended 14 JANUARY 2023 

REGISTERED CHARITY NUMBER 

1187397 



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## ANNUAL REPORT AND ACCOUNTS 

CONTENTS: 

||Page No.|
|---|---|
|Legal and Administrative information|1|
|Trustees/Directors’ report|4|
|Statement of Trustees’ responsibilities|5|
|Accountants’ Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes forming part of the financial statements|9|




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## **UMQ COMMUNITY CENTRE** 

UMQ COMMUNITY CENTRE is a registered charity with the Charity Commission since 15 Jan 2020. 

The objects are set out in the charity's Trust Deed and are summarized: Safeguarding Somali Culture in UK, Advancement of Religion & Education in accordance with tenants & doctrines of Islam, Charitable activites for interest of Somalis in UK, Place of worship for benefit of the Public, Youth Training, Islamic Education, Health & Education seminars, Islamic counselling and mentoring 

TRUSTEES FOR THE YEAR ENDED ON 14 JANUARY 2022 

The appointed trustees are as follows:- 

Yunis Jeylaani  - Chair 

Adam Jeylaani Mohammed – Trustee 

Ali Fara Abdulla - Trustee 

REGISTERED CHARITY NUMBER **1187397** 

REGISTERED OFFICE: 

530-542 HIGH STREET NORTH LONDON E12 6QN 

BANKERS; NATWEST 20 Amhurst Rd, London E8 1JW 

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## TRUSTEES’ REPORT 

The trustees present their report and accounts for the year ended 14 JANUARY 2023. 

## **Objectivities and Activities** 

- To further or benefit the residents of east London and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. in furtherance of these objects but not otherwise, the trustees shall have power to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. 

- To relieve financial hardship, sickness and poor health amongst elderly people. 

- To advance education of students in need by, in particular but not exclusively, providing funding to individuals and make grants for books, computers or school uniforms. 


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## STATEMENT OF TRUSTEES’ RESPONSIBILITIES: 

Company law requires the trustees to prepare financial statements that give a true and fair view of the organisation’s financial activities during the year and its financial position at the end of each financial year. 

In doing so, the trustees are required to: 

- Select suitable accounting policies and then apply them consistently 

- Make judgements and reasonable and prudent judgements 

- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements 

- Prepare the financial statements on the going concern basis unless its inappropriate to presume that the organisation will continue in operation for the foreseeable future. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial comply with applicable laws, regulations and the trust deeds. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities including money laundering. 

Signed on behalf of the trustees: 

Yunis Jeylaani  - Chair 


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## **Independent examiner’s report to the charity trustees of UMQ COMMUNITY CENTRE** 

I report to the trustees on my examination of the accounts of UMQ COMMUNITY CENTRE for the year ended 14 January 2023. 

## **Responsibilities and basis of report** 

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

I have completed by examination.  I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 

- The accounts do not accord with those records; or 

- The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

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 accounts to be reached. 

Yousif Abdi – Accountant  - 


For and on behldf of Aflah Accounting Solutions Date: 04/12/2023 


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## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** 

||**Notes**|**UNRESTRICTED FUNDS**|**RESTRICTED FUNDS**|**TOTAL FUNDS **|**TOTAL FUNDS**||
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**||
|||||**2023**|**2022**||
|**INCOMING RESOURCES**|||||||
|**Donations**|**(1)**|32,141|-|32,141|26,415||
|**Rental Income**||21,740|-|21,740|19,800||
|**Tuition Fees**||35,222|-|35,222|31,572||
|**Other Incoming Resources**||-|-|-|-||
|**Total Incoming Resources:**||**89,103**|**0**|**89,103**|**77,787**||
|**RESOURCES EXPENDED:**|||||||
|**Costs for generating funds**||-|-|-|-||
|**Charitable Activities**||(33,000)|-|(33,000)|(1,000)||
|**Supporting Activities**||(57,291)|-|(57,291)|(73,802)||
|**TOTAL RESOURCES EXPENDED:**|**( 2)**|**(90,291.0)**|**0.0**|**(90,291.0)**|**(74,802.0)**||
|**Net Surplus/Deficit for the year**||(1,188)|0|(1,188)|2,985||
|**Opening funds Transfer of funds**||0|2,985|2,985|0||
|**Adjustment to opening funds**||0|0|0|0||
|**CLOSING FUNDS:**||**(1,187.9)**|**2,985**|**1,797**|**2,985**||




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## **BALANCE SHEET AS AT 14 JAN 2023 UMQ COMMUNITY CENTRE** 

|Notes<br>**FIXED ASSETS**<br>COMPUTERS & OFFICE FURNITURE AT COST<br>LESS ACCUMULATED DEPRECIATION<br>NET BOOK VALUE<br>**CURRENT ASSETS**<br>CASH AT BANK & IN HAND<br>(3)<br>PREPAYMENTS<br>DEBTORS<br>**TOTAL CURRENT ASSETS**<br>**CURRENT LIABILITIES**<br>ACCRUALS/CREDITORS<br>**LONG TERM LIABILITIES**<br>LOANS<br>**NET ASSETS**<br>**FUNDS CARRIED FORWARD**<br>RESTRICTED FUNDS<br>UNRESTRICTED FUNDS<br>(4)<br>**TOTAL**|**2023**<br>**2022**<br>£<br>£<br>0<br>-<br>0<br>-|
|---|---|
||0<br>0|
||3,397<br>2,985<br>-<br>-<br>-<br>-|
||3,397<br>2,985|
||(600)<br>0<br>(1,000)|
||**1,797**<br>**2,985**|
||-<br>-<br>1,797<br>2,985|
||**1,797**<br>**2,985**|



Approved by the board on 05/12/2023 and signed on behalf of the board by: 

ADAM MOHMAED - Chair 

Yunis Jeylani - Trustee - Treasurer 

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## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS:** 

## **ACCOUNTING POLICIES:** 

- 1a) The financial statements have been prepared under the historical cost convention, with the exception of investment, which are valued at the prevailing market prices. The financial statements have been prepared in accordance with the statement of Recommended Practice-Accounting and reporting by charities (SORP2005) issued in March 2005, applicable UK accounting Standards and the Companies Act 1985. The principal accounting policies adopted in the preparations of the financial statements are set out below. 

## 1b) **INCOMING RESOURCES:** 

Voluntary income includes donations, gifts, legacies and grants that provide core funding or are of general nature are recognised where there is entitlement, certainly of receipts and the amount can be measured with sufficient reliability. Such income is only deferred when: 

- The Donor specified that the grant or donation must only be used in future accounting periods, or 

- - The Donor has imposed conditions, which must be met before the charity has unconditional entitlement. 

- Income from commercial trading activities is recognised as earned as the related goods and services are provided. 

- Investment income is recognised on a receivable basis. 

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income includes in the category provided funding to support performance activities and is recognised where there is entitlement, certainly of receipts and the amount can be measured with sufficient reliability. 

- Income is deferred when admission fees or performance related grants are received in advance of the performances or event to which they relate. 

## 1c) **RESOURCES EXPENDED:** 

Expenditure is recognised when a liability is incurred. Contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable. 

- Cost of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. 

- Charitable activities including expenditure associated with the activities are included the direct costs and support costs relating to these activities. 

- Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. 

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## 1d) **RESTRICTED FUNDS:** 

Restricted funds are to be used for specified purposes as lay down by the founder. Direct and support expenditure, which meets these criteria, is defined to the fund together with a fair allocation of other costs. 

## 1e) **UNRESTRICTED FUNDS:** 

Unrestricted funds are funds received with no restrictions placed in their expenditure and are available as general funds. 

1f) Revenue grants are credited to incoming resources on the earlier of when they are received on when they are due. 

## **NOTE 1 VOLUNTARY INCOME** 

|**DONORS**|**UNRESTRICTED 2023**|**RESTRICTED 2023**|**TOTAL 2023**|**TOTAL**<br>**2022**|
|---|---|---|---|---|
||£|£|£|£|
|Donations|32,141.00||32,141.00|26,415.00|
|Rental Income|21,740.00||21,740.00|19,800.00|
|Tuition Fees|35,222.00||35,222.00|31,572.00|
||||-|-|
||||||
|**TOTAL**|**89,103.00**|**-**|**89,103.00**|**46,215.00**|



## **NOTE 2** 

## **RESOURCES EXPENDED** 

|**EXPENSE**|**UNRESTRICTED FUNDS (£) **|**RESTRICTED FUNDS (£)**|**TOTAL - 2023 (£)**|**2022(£)**|
|---|---|---|---|---|
|Rent|40,500.00||40,500.00|64,400.00|
|Charitable Activities|33,000.00||33,000.00|1,000.00|
|Purchases|-||0.00|113.00|
|Office supplies|||0.00|38.00|
|HMRC|||0.00|542.00|
|Payroll & HMRC Taxes|12,763.00||12,763.00|8,174.00|
|Travel & Subs|||0.00|35.00|
|ACCOUNTING|600.00||600.00|500.00|
|Maintenance/Repairs/Refurbishments|3,428.00||3,428.00|-|
||||||
|**TOTAL**|**90,291.00**|**-**|**90,291.00**|**74,802.00**|
||||||



## **NOTE 3** 

## **CASH AT BANK AND IN HAND** 

The Association has a healthy cash balance of £3,397 in its bank account as at 14 JANUARY 2023. 

## **NOTE 4** 

## **RESERVES:** 

The charity had carried forward funds of £1,797 for the financial year ended 14 JANUARY 2023 to the upcoming financial year of 23/24. 


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## **Taxation** 

The charitable company is exempt from taxation under sections 466 to 493 of the Corporation Tax Act 2010 

## **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 

## **EMPLOYMENT COSTS** 

|**EMPLOYMENT COSTS**|||
|---|---|---|
||**2022**|**2022**|
||£|£|
|Payroll & HMRC Costs|£12,763|£8,174|



## **TRUSTEES EXPENSES** 

The trustees neither received nor waived any emoluments during the period 

Trustees claimed for travelling expenses during the year. These amounted NIL. 

## **RELATED PARTIES** 

There are no related parties transactions to be disclosed. 

## END 


UMQ COMMUNITY CENTRE | Confidential