Iranian Liverpool Community
PARS Community (Working Name)
Charity No. 1194418
Company No. CE025670
Trustees' Report and Unaudited Accounts
05 April 2022
Iranian Liverpool Community Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 4 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Iranian Liverpool Community Trustees Annual Report
PARS Community
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 5 April 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE025670
Charity No. 1194418
Principal Office
L C V S 151 Dale Street Liverpool L2 2AH
Registered Office
L C V S 151 Dale street Liverpool L2 2AH
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
D. Goolabli H.R. Khoobyari A.S. Teimori
Accountants
THE PEEK PARTNERSHIP LTD 15-23 GREENHILL CRESCENT WATFORD WD18 8PH
OBJECTIVES AND ACTIVITIES
The Objective is to raise more fund to provide services to Asylum Seekers with Persian Background, Iranian, Afghan, Tajiks, Kurdish and Arabs community to enable them to have easier life, better life quality and settled, constantly being informed about new rules and legislations.
The main activities are English classes/ courses, Social events, Food Bank and assist them with their correspondences, overall ensure that the community and members benefiting from the activities
English courses and classes
Food Bank
Socail events Online Events and competition
Page 2
Iranian Liverpool Community Trustees Annual Report
Workshop
Charity Activities
We had different activities in last year as listed in below
English Courses- developed to 4 levels with 4 teachers in different classes
Foodbank- fixed for every Friday in every week and we had toiletries, clothes, suitcases, dry food items, ready hot lunch, books, kitchen items and children toys and other essential things for many asylum seekers, homeless and refugees.
Live and recorded programs- ILC (PARS)did important job during pandemic and every day the new rules and restrictions where been updated for community.TV programs in Farsi helped thousands of Persian in the UK to be informed about life in UK during lock down
Artistic online competition: ILC (PARS)has the third years of online competitions in poetry, short story and photography in last year’s and rewards and certificates provided to winners in online events.
Workshops- ILC (PARS)had several workshops during last year and many people in community benefited from those services. Workshops we’re been online and in person both in different subjects according community needs and plan
Social events: ILC (PARS)had several events in last year’s including Exhibitions, Festivals, Parties and Games and competitions such as Football, Chess, Backgammon and Dance tournaments in Liverpool, Birmingham and London in different season.
Funders & Fund Raising
ILC (PARS)have received donation from donators and had from foundations. Applications made by Mr Jhon Maccormak from LCVS and Founders are: National Lottery, LCVS, Torus, Jhon mooris and Innovation in communities.
As a result of activities in last year:
At least 500 individuals who been either homeless or asylum seekers reported improved quality of life, wellbeing as a result of practical help with donations, application, accommodation support, family support and UK visa.
At least 600 unique beneficiaries received foodbank supporting several times during the year, 800 individuals received benefits from English college and workshops and legal advices
4000 individuals in Merseyside and 7000 individuals around the UK received benefits from Live and recorded TV programs and 1500 individuals participated in social events
ACHIEVEMENTS AND PERFORMANCE
ILC (PARS) achieved to organised Food Bank and English courses , Community developed and became bigger with more staffs and volunteers and provided better quality services and supports.
FINANCIAL REVIEW
THE ILC has had considerable success in securing funding for ongoing and future projects
Page 3
Iranian Liverpool Community Trustees Annual Report
PLANS FOR FUTURE PERIODS
ILC (PARS)services continuing in this year as well and will have more activities outside of Merseyside, this is a new target by changing the name of community to Pars as the working name community will serve more people outside of Merseyside. Apply for more funds through the foundations and achieve more charitable targets and provide service to bigger community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The ILC is led by a board of trustees which meets quality and is responsible for the strategic direction and policy of thecharity
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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
D. Goolabli Trustee 12 July 2022
Page 4
Iranian Liverpool Community Independent Examiners Report
Independent Examiner's Report to the trustees of Iranian Liverpool Community
I report to the charity trustees on my examination of the financial statements of Iranian Liverpool Community for the period ended 5 April 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity 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 financial statements 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 statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
Soheil Ghami Certified Accountant THE PEEK PARTNERSHIP LTD 15-23 GREENHILL CRESCENT WATFORD
WD18 8PH 12 July 2022
Page 5
Iranian Liverpool Community Statement of Financial Activities
for the period ended 5 April 2022
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net gains on investments Net income 7 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds carried forward |
Unrestricted funds 2022 £ 24,500 2,100 |
Total funds 2022 £ 24,500 2,100 |
|---|---|---|
| 26,600 14,992 5,912 |
26,600 14,992 5,912 |
|
| 20,904 - |
20,904 - |
|
| 5,696 - |
5,696 - |
|
| 5,696 | 5,696 | |
| 5,696 | 5,696 | |
| 5,696 | 5,696 |
Page 6
Iranian Liverpool Community Summary Income and Expenditure Account
for the period ended 5 April 2022
| Income Gross income for the period Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the period Net income before tax for the period Net income for the period |
2022 £ 26,600 |
|---|---|
| 26,600 | |
| 19,401 1,503 |
|
| 20,904 | |
| 5,696 | |
| 5,696 |
Page 7
Iranian Liverpool Community Balance Sheet
at 5 April 2022
| at 5 April 2022 Iranian Liverpool Community Balance Sheet |
||
|---|---|---|
| Company No. CE025670 |
Notes | 2022 |
| £ | ||
| Fixed assets | ||
| Tangible assets | 8 | 4,510 |
| 4,510 | ||
| Current assets | ||
| Cash at bank and in hand | 1,871 | |
| 1,871 | ||
| Creditors:Amount falling due within one year | 9 | (685) |
| Net current assets | 1,186 | |
| Total assets less current liabilities | 5,696 | |
| Net assets excluding pension asset or liability | 5,696 | |
| Total net assets | 5,696 | |
| The funds of the charity | ||
| Restricted funds | 10 | |
| Unrestricted funds | 10 | |
| General funds | 5,696 | |
| 5,696 | ||
| Reserves | 10 | |
| Total funds | 5,696 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the period ended 5 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 12 July 2022
And signed on its behalf by:
A.S. Teimori Trustee 12 July 2022
Page 8
Iranian Liverpool Community Notes to the Accounts
for the period ended 5 April 2022
- 1 Accounting policies
Basis of preparation
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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Iranian Liverpool Community Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and Machinery 25% Straight Line
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 10
Iranian Liverpool Community Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other 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 funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 11
Iranian Liverpool Community Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Income from donations and legacies
| National lottorry RATHBONE INV MGNT & TOURS62 LIMITED LIV CHA AND VO 4 Income from charitable activities 5 Expenditure on charitable activities Expenditure on charitable activities Governance costs Teaching Expenses 6 Other expenditure Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs |
Unrestricted £ 10,000 6,000 8,500 24,500 Unrestricted £ 2,100 2,100 Unrestricted £ 12,162 2,830 14,992 Unrestricted £ 664 2,187 1,503 1,133 425 5,912 |
Total 2022 £ 10,000 6,000 8,500 |
|---|---|---|
| 24,500 | ||
| Total 2022 £ 2,100 |
||
| 2,100 | ||
| Total 2022 £ 12,162 2,830 |
||
| 14,992 | ||
| Total 2022 £ 664 2,187 1,503 1,133 425 |
||
| 5,912 |
Page 12
Iranian Liverpool Community Notes to the Accounts
7 Net income before transfers
2022
This is stated after charging: £ Depreciation of owned fixed assets 1,503
- 8 Tangible fixed assets
| Cost or revaluation Additions At 5 April 2022 Depreciation and impairment Depreciation charge for the year At 5 April 2022 Net book values At 5 April 2022 9 Creditors: amounts falling due within one year Accruals 10 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 11 Analysis of net assets between funds Fixed assets Net current assets |
2022 £ 685 685 Incoming resources (including other gains/losses ) £ 26,600 26,600 Unrestricted funds £ 4,510 1,871 6,381 |
Plant and Machinery £ 6,013 6,013 1,503 1,503 4,510 Resources expended £ (20,904) (20,904) Restricted funds £ - (685) (685) |
Total £ 6,013 |
|---|---|---|---|
| 6,013 | |||
| 1,503 | |||
| 1,503 | |||
| 4,510 | |||
| At 5 April 2022 £ 5,696 |
|||
| 5,696 | |||
| Total £ 4,510 1,186 |
|||
| 5,696 |
Page 13
Iranian Liverpool Community Notes to the Accounts
12 Reconciliation of net debt
| Cash and cash equivalents Net debt |
Cash flows £ |
At 5 April 2022 £ |
|---|---|---|
| 1,871 | 1,871 | |
| 1,871 1,871 |
1,871 | |
| 1,871 |
13 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 14
Iranian Liverpool Community Detailed Statement of Financial Activities
for the period ended 5 April 2022
| Income and endowments from: Donations and legacies National lottorry RATHBONE INV MGNT & TOURS62 LIMITED LIV CHA AND VO Charitable activities Total income and endowments Expenditure on: Charitable activities Governance costs Teaching Expenses Total of expenditure on charitable activities Motor and travel costs Travel and subsistence Premises costs Rent General administrative costs, including depreciation and amortisation Depreciation of Plant and Machinery Bank charges Equipment repairs and maintenance General insurances Software, IT support and related costs Stationery and printing Subscriptions |
Unrestricted funds 2022 £ 10,000 6,000 8,500 24,500 2,100 2,100 26,600 12,162 12,162 2,830 2,830 14,992 664 664 2,187 2,187 1,503 76 46 106 429 460 8 |
Total funds 2022 £ 10,000 6,000 8,500 |
|---|---|---|
| 24,500 | ||
| 2,100 | ||
| 2,100 | ||
| 26,600 12,162 |
||
| 12,162 | ||
| 2,830 | ||
| 2,830 | ||
| 14,992 664 |
||
| 664 | ||
| 2,187 | ||
| 2,187 | ||
| 1,503 76 46 106 429 460 8 |
Page 15
Iranian Liverpool Community
Detailed Statement of Financial Activities
| Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
8 2,636 360 65 425 5,912 20,904 - 5,696 5,696 - 5,696 - 5,696 |
8 |
|---|---|---|
| 2,636 | ||
| 360 65 |
||
| 425 | ||
| 5,912 | ||
| 20,904 - |
||
| 5,696 | ||
| 5,696 - |
||
| 5,696 | ||
| - | ||
| 5,696 |
Page 16