COMPANY NUMBER: 12361695
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2024
FOR
SEFTON MULTICULTURAL CENTRE
(A charitable company limited by guarantee)
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
CONTENTS OF THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2024
| Page | |
|---|---|
| **Legal and Administrative Details ** | 1 |
| Report of the Directors | 2 |
| **Statement of Financial Activities ** | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| Independent Examiner’s Report | 8 |
| Detailed Income and Expenditure Account | 9 |
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR TO 31 DECEMBER 2024
DIRECTORS:
REGISTERED OFFICE:
COMPANY NUMBER:
CHARITY NUMBER:
INDEPENDENT EXAMINER:
Munsoor Ali Hasnain Raza Hussain Ahmed Ali Mohamoad Suleman Miah
Deepdene 15 Victoria Road Waterloo Liverpool Merseyside L22 1RP
12361695 (England and Wales)
1187822 (England and Wales)
K J Miller FCA Monetta LLP 110-114 Duke Street Liverpool L1 5AG
Page 1
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
REPORT OF THE DIRECTORS (INCORPORATING THE TRUSTEES’ ANNUAL REPORT) FOR THE YEAR TO 31 DECEMBER 2024
The directors of the company (who are also charity trustees for the purposes of charity law), present their report with the financial statements of the charitable company for the year ended 31 December 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The legal and administrative details set out on page 1 form part of this report.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association 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 (FRS 102) effective 1 January 2019.
OUR PURPOSES AND ACTIVITIES
The purposes and activities of the charitable company are to promote for the inhabitants of Sefton in Merseyside without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants 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 other leisure time occupations with the objects of improving the conditions of life of the said inhabitants; and, to secure the establishment of a Community Centre and to maintain and manage the centre in furtherance of these objects.
The principal activity of the charitable company to date and in the year under review was that of the raising and collection of donations to be used for the funding and operation of a Community Centre.
In shaping our objectives for the period and planning our activities, the directors have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’. The charity will rely on the income from fees & charges to cover its operating costs. Affordability and access to our facilities is important to us and will be reflected in our pricing policy once the Community Centre has been established.
ACHIEVEMENTS, PERFORMANCE AND PLANS FOR THE FUTURE
The results for the year and financial position of the charitable company are as shown in the annexed financial statements. The charity intends to provide much needed facilities and anticipates that there will be a steady demand for these. The directors are continuing with the raising of funds to support the future operational plans. During the year the charitable company continued with the hire of room space pending the raising of sufficient funds to enable it to acquire its own suitable premises.
RESERVES POLICY AND GOING CONCERN
Reserves will be needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure once the Community Centre is established. The directors will establish a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) to be held by the charity should be between 3 and 6 months of the resources expended in general funds. At this level, the directors feel that they would be able to continue the proposed activities of the charity in the event of a significant drop in funding.
In preparing the accounts, the directors consider that the charitable company has sufficient resources to continue present operations for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 12 December 2019 and registered as a charity on 7 February 2020. Members of the charitable company guarantee to contribute an amount not exceeding £10 in the event of the charity winding up. The company is governed by the policies made from time to time by the directors together with the terms of its Memorandum and Articles of Association which set out the objects and powers of the company. The procedures for the appointment, retirement and removal of directors are set out in the Articles. All directors are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The day-to-day operational aspects of the charity are currently undertaken by the directors.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.
Munsoor Ali, Hasnain Raza, Hussain Ahmed Ali and Mohamoad Suleman Miah
Page 2
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
REPORT OF THE DIRECTORS FOR THE YEAR TO 31 DECEMBER 2024
RELATED PARTIES
None of the directors receive remuneration or other financial benefit from their work with the charity and any contractual relationship with a related party must be disclosed to the full board. In the current period, no such related party transactions were reported.
RISK MANAGEMENT
The directors have a risk management strategy which comprises: an annual review of the principal risks and uncertainties that the charity faces and, the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The ability to raise sufficient funds to establish the proposed Community Centre is the major financial risk for the charity.
Attention has also been focused on non-financial risks arising from child protection and health & safety. These risks are managed by ensuring procedures and accreditations are up to date, having robust policies in place, and regular awareness training for directors and volunteers in these operational areas.
Standards are monitored internally to ensure consistent quality of delivery for all operational aspects of the charity.
STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Under company law the directors must not approve the financial statements unless they are satisfied that they 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 the financial statements, they 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 Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 on that basis.
The directors are responsible for keeping proper accounting records that 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. 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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
BY ORDER OF THE BOARD OF DIRECTORS:
Munsoor Ali - Director
6 October 2025
Page 3
The notes form part of these financial statements
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
STATEMENT OF FINANANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE) FOR THE YEAR TO 31 DECEMBER 2024
| Year Ended Year Ended 31.12.24 31.12.23 Notes £ £ Unrestricted income funds: |
Year Ended Year Ended 31.12.24 31.12.23 Notes £ £ Unrestricted income funds: |
Year Ended Year Ended 31.12.24 31.12.23 Notes £ £ Unrestricted income funds: |
|---|---|---|
| Income:Donations and Gift Aid Tax reclaim | 25,435 | 23,076 |
| Expenditure: Room Hire Contributions to volunteers’ expenses Food and hospitality Governance and reporting Repairs and renewals Donations |
1,710 4,059 3,394 742 654 343 |
1,280 6,258 - 643 - 1,367 |
| Total expenditure | 10,902 | 9,548 |
| Net income for the period and net movement in funds 4 Reconciliation of funds: Total funds brought forward Total funds carried forward |
14,533 64,199 78,732 |
13,528 50,671 64,199 |
The statement of financial activities incorporates the income and expenditure account and includes all gains and losses recognised in the period. All income and expenditure derives from continuing activities.
Page 4
The notes form part of these financial statements
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE (REGISTERED NUMBER: 12361695)
BALANCE SHEET 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 79,450 | 64,842 | |
| CREDITORS | |||
| Amounts falling due within one year | 6 | 718 | 643 |
| NET CURRENT ASSETS | 78,732 | 64,199 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 78,732 | 64,199 | |
| THE FUNDS OF THE CHARITY | |||
| Unrestricted income funds | 7 | 78,732 | 64,199 |
| 78,732 | 64,199 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its income and expenditure 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 company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to the members of the company.
The financial statements were approved and authorised for issue by the Board of Directors on 6 October 2025 and were signed on its behalf by:
Munsoor Ali - Director
The notes form part of these financial statements
Page 5
COMPANY NUMBER: 12361695
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2024
SEFTON MULTICULTURAL CENTRE
1. STATUTORY INFORMATION AND LEGAL STATUS OF THE CHARITY
Sefton Multicultural Centre is a charitable private company, limited by guarantee, registered in England and Wales and has no share capital. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company. The company's registered number and registered office address can be found on page 1. The charitable company is a Public Benefit Entity.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared in accordance with 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, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Preparation of the accounts on a going concern basis
In preparing the accounts, the directors have taken account of the financial resources available to the charity and consider that the charity should be able to continue operations for the foreseeable future.
Income recognition
Items of income are recognised and included in the accounts when all of the following criteria are met: the charity has entitlement to the funds; any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity; there is sufficient certainty that receipt of the income is considered probable; and the amount can be measured reliably. The value of services provided by volunteers has not been included in these accounts.
Expenditure recognition
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
2. EMPLOYEES AND DIRECTORS
The average number of employees during the year and preceding year was nil. The directors were not paid, nor did they receive any other benefits from employment with the charity in the year nor in the preceding year neither were they reimbursed expenses during the year or the preceding year. No director received payment for professional or other services supplied to the charity during the year or the preceding year.
4. NET INCOME
Net income is stated after charging:
| Year Ended | Year Ended |
|
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Independent examination and accountancy fees | 708 | 630 |
5. TAXATION
The charity is exempt from tax on income and gains to the extent that these are applied to its charitable objects.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Accrued expenses | 718 | 643 |
Page 6
continued...
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR TO 31 DECEMBER 2024
7. ANALYSIS OF CHARITABLE FUNDS
| Unrestricted | |
|---|---|
| income | |
| funds | |
| £ | |
| At 1 January 2024 | 64,199 |
| Incoming resources | 25,435 |
| Outgoing resources | (10,902) |
| At 31 December 2024 represented by total assets less current liabilities | 78,732 |
| At 1 January 2023 | 50,671 |
| Incoming resources | 23,076 |
| Outgoing resources | (9,548) |
| At 31 December 2023 represented by total assets less current liabilities | 64,199 |
Page 7
COMPANY NUMBER: 12361695
INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF DIRECTORS OF SEFTON MULTICULTURAL CENTRE
I report to the board of directors on my examination of the accounts of the charitable company for the year to 31 December 2024 which are set out on pages 4 to 7.
This report is made to the charity’s board of directors, as a body, in accordance with the terms of the engagement. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the directors, as a body, for my work or for this report.
Responsibilities and basis of report
As the board of directors of the company (and also its trustees for the purposes of charity law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011’ Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s report
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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2) the accounts do not accord with those accounting records; or
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3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4) the accounts have not been prepared in accordance with the methods and principles 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).
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.
Keith J Miller FCA
Monetta LLP 110-114 Duke Street Liverpool L1 5AG
6 October 2025
Page 8
COMPANY NUMBER: 12361695
SEFTON MULTICULTURAL CENTRE
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 31 DECEMBER 2024
| Income Donations and Gift Aid Tax Reclaim Other Expenditure Room hire Contribution to volunteers’ expenses Food and hospitality Independent examination & accountancy Repairs & renewals Statutory filing fees Donations Net income |
Year Ended 31.12.24 £ 25,435 - 1,710 4,059 3,394 708 654 34 343 |
£ 25,435 10,902 14,533 |
Year Ended 31.12.23 £ 23,076 - 1,280 6,258 - 630 - 13 1,367 |
£ 23,076 9,548 13,528 |
|---|---|---|---|---|
Page 9