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2023-12-10-accounts

Trustees’ annual report (including Directors’ report) for the period

From: To: Period end date

Charity name: Libya in the UK LTD

Charity registration number: 1195527

Company number:

Objectives and activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the charity are for the public
benefit: (1) to advance the education of the
public in the subject of Libyan culture and
heritage; (2) to develop the capacity and
skills of the socially disadvantaged members
of the diaspora Libyan community within the
United Kingdom in such a way that they are
better able to: (i) identify, and help meet,
their needs; and (ii) more fully participate in,
and contribute positively to, British society;
and (3) to advance such charitable purposes
(according to the law of England and Wales)
as the trustees see fit from time to time.
Nothing in the articles shall authorise an
application of the property of the charity for
purposes which are not charitable in
accordance with section 7 of the Charities
and Trustee Investment (Scotland) Act 2005
and/or section 2 of the Charities Act
(Northern Ireland) 2008.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 Libya in the UK responded to national crisis
following the catastrophic Storm Daniel
which led to two damns bursting, flooding the
town of Derna and its neigboring villages in
Libya. The charity has setup two routes of
AID.
-
Fundraising: Through GoFundMe
were able to raise over £130,000 and
began the process of finding avenues
to make sure 100% of the donations
reaches those in need.
-
#CareForLibya Campaign. We set
an aid donation collection point in
London. We received items of
clothing and care products that we
were able to ship to Libya, and is
distibuted by local partners.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have had regard and adhered
to the guidance set by the CC on public
benefit. this is also set by the evidence set
above and our accounts and transparency
regarding the use of aid monies.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The ‘Derna storm Daniel’ campaign,
conducted by Libya in the UK happened at a
time where the wide community of Libyans -
both inside the country and in the diaspora -
as well as friends of Libyans, were looking
for a platform to engage through and support
the efforts in addressing the impact of the
floods.

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.41 Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Other

Financial review

Financial review Financial review Financial review
s
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Turnover Sales:£152,232
Cost of sales:
Purchases£3,154
Gross profit£149,078
Administrative expenses:£2,178
Operating profit£146,900
Interest payable:
Other loans£6
Profit on ordinary activities before taxation
£146,894
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 We are following the legal advice and set
policies in place to make sure we can
distribute the money fundraised according to
our promise we communicated with our
donors.
We are also in the process of opening a
bank account that will allow us to send
money to aid organisations we are intouch
with and researching directly. directly on the
ground.
Amount of reserves held Para 1.22 £148,383
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 GoFundMe, Paypal Giving Fund, or directly
through the website.
https://gofund.me/20a1f854
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, governance and management

Description of charity’s
trusts:
Type of governing document:
for example,trust deed,
memorandum and articles of
association etc		 Para 1.25 Memorandum and articles incorporated 18
Sep 2020 as amended by special
resolution(s) dated 27 Oct 2023.
How is the charity
constituted?
for example limited company,
unincorporated association,
CIO		 Para 1.25 Charitable company. Company type: Private
company limited by guarantee without share
capital
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Under clause 34 of the AoA, LUK may by
ordinary resolution appoint a person who is
willing to act to be a trustee. No person may
be appointed a trustee at any general
meeting unless (1) he or she is
recommended for election by the trustees or
(2) not less than 14 nor more than 35 days
before the date of the meeting, the charity is
given a notice that (a) is signed by a member
entitled to vote at the meeting (b) states the
member’s intention to propose the
appointment of a person as a trustee (c )
contains the details that, if the person were
to be appointed, the charity would have to
file at Companies House and (d) is signed by
the person who is to be proposed to show
his or her willingness to be appointed.

Additional information (optional)

You may choose to include further statements where relevant about:

Para 1.51 Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties

Reference and administrative details

Charityname LIBYA IN THEUK LTD
Other name the charity uses
Registered charity number 1195527

Charity’s principal address		 85 Great Portland Street,
First Floor
London
W1W 7LT

Names of the charity trustees who manage the charity

1
2
3		 Trustee name Office (if any) Dates acted if not for whole
year
Name of person (or
body) entitled to
appoint trustee (if
any)
Nader Elgadi 14 October 2020
(appointment as trustee)
11 December 2019
(appointment as director)
Abdulaziz Ossama
Lamlum		 1 June 2023
(appointment as trustee)
Zakaria A M
Abdulwahab		 1 January 2023
(appointment)

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (optional information)

Names and addresses of advisers (optional information) Names and addresses of advisers (optional information) Names and addresses of advisers (optional information) Names and addresses of advisers (optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature:

Full Name: Abdulaziz Ossama Lamlum

Postion: Trustee

Date: Oct 10, 2024

Company Registration No. 12358951 (England and Wales)

LIBYA IN THE UK LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 10 DECEMBER 2023

LIBYA IN THE UK LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

Page
Company information 3
Director's report 4
Accountants' report 5
Income statement 6
Statement of financial position 7
Notes to the accounts 8
Detailed profit and loss account 9

LIBYA IN THE UK LTD COMPANY INFORMATION FOR THE YEAR ENDED 10 DECEMBER 2023

Director

Company Number

Registered Office

Accountants

Nader Elgadi 12358951 (England and Wales)

85 Great Portland Street First Floor London W1W 7LT United Kingdom

Yahya & Co Accountants Ltd T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA

LIBYA IN THE UK LTD (COMPANY NO: 12358951 ENGLAND AND WALES) DIRECTOR'S REPORT

The director presents his report and accounts for the year ended 10 December 2023.

Directors

Nader Elgadi held office during the whole of the period.

Muad Khalid Bel'Eed Akkari resigned on 1 November 2023.

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

............................................................................

Nader Elgadi Director

Approved by the board on: 17 September 2024

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF LIBYA IN THE UK LTD FOR THE YEAR ENDED 10 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LIBYA IN THE UK LTD for the year ended 10 December 2023 as set out on pages 6 - 8 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

Yahya & Co Accountants Ltd Chartered Certified Accountants

T/A Yahya Accountancy 164 West Hendon Broadway London NW9 7AA

17 September 2024

LIBYA IN THE UK LTD INCOME STATEMENT FOR THE YEAR ENDED 10 DECEMBER 2023

Turnover
Cost of sales
Gross surplus
Administrative expenses
Operating surplus
Interest payable and similar charges
Surplus on ordinary activities before taxation
Tax on surplus on ordinary activities
Surplus for the financial year		 2023
£
152,232
(3,154)
149,078
(2,178)
146,900
(6)
146,894
-
146,894

LIBYA IN THE UK LTD STATEMENT OF FINANCIAL POSITION AS AT 10 DECEMBER 2023

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
4
Net current assets
Net assets
Reserves
5
Profit and loss account
Members' funds		 2023
£
149,338
(955)
148,383
148,383
148,383
148,383

For the year ending 10 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by

Nader Elgadi Director

Company Registration No. 12358951

LIBYA IN THE UK LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 10 DECEMBER 2023

1 Statutory information

LIBYA IN THE UK LTD is a private company, limited by guarantee, registered in England and Wales, registration number 12358951. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, United Kingdom.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

4 Creditors: amounts falling due within one year
Creditors: amounts falling due within one year
Taxes and social security
Accruals		 2023
£
355
600
955

5 Company limited by guarantee

The company is limited by guarantee and has no share capital.�

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

6 Average number of employees

During the year the average number of employees was 0.

LIBYA IN THE UK LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 10 DECEMBER 2023

This schedule does not form part of the statutory accounts.

This schedule does not form part of the statutory accounts.
Turnover
Sales
Cost of sales
Purchases
Gross profit
Administrative expenses
Travel and subsistence
Rent
Bank charges
Software
Accountancy fees
Advertising and PR
Other legal and professional
Operating profit
Interest payable
Other loans
Profit on ordinary activities before taxation		 2023
£
152,232
3,154
149,078
351
995
69
140
600
10
13
2,178
146,900
6
146,894

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIBYA IN THE UK LTD

Dated: 10/10/2024

I report to the trustees on my examination of the accounts of the LIBYA IN THE UK LTD (“the Trust”) for the year ended 10 December 2023.

Responsibilities and basis of report

As the charity trustees 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 Trust’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 my 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:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

  3. The accounts did 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

Hedayatullah Yahya FCCA Association of Certified Chartered Accountants (ACCA) Yahya & Co Accountants Ltd 164 West Hendon Broadway NW9 7AA, London