## **THE POWER MOVEMENT ORGANISATION** **(A Non-profit Charitable Organisation)** ## **REPORT AND FINANCIAL STATEMENTS** ## **FOR THE** ## **YEAR ENDED 31ST MARCH 2023** **Registered Charity Number: 1195689** ## **TRUSTEES' REPORT** (A Non-profit Charitable Organisation) ## **INDEX TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023** |**CONTENTS**|**Pages**| |---|---| |Trustees Report|1-4| |Accountant's Report|5| |Income and Expenditure Account|6| |Balance Sheet|7| |Notes to the Accounts|8-11| ## **THE POWER MOVEMENT ORGANISATION** ## **TRUSTEES' REPORT** ## **YEAR ENDED 31ST MARCH 2023** The Trustees' present their report and the financial statements for the year ended 31 March 2023. ## **Reference and Administrative Information** Charity Name: The Power Movement Organisation Charity Number: 1195689 Registered Office: 23 Surma Close, Selby Street, E1 5DD Accountants Taj Accountants 69 Vallance Road London, UK E1 5BS Bankers: Anna Bank ## **Members of the Management Committee** The following served as charity trustees during the year and up to the date of this report: Mohammed Rahman Antony Spencer Alex Thomas ## **Structure, Governance and Management** ## **Governing Document** The Power Movement Organisation is a non- profitable charity organisation, which is governed by its constitution and is registered as a charity with the Charity Commission on 02 September 2021 ## **Appointment of trustees** The constitution of the Company govern the appointment of trustees. All Members of the Management Committee give their time voluntarily and receive no benefits from the charity. 1 **THE POWER MOVEMENT ORGANISATION TRUSTEES' REPORT (Continued) YEAR ENDED 31ST MARCH 2023** ## **Trustee Induction and Training** New Trustees are invited to an initial meeting with the Manager to gain an understanding of the aims and objectives of the organisation and the various services provided. An induction evening is then held when they can meet members of the Management Committee. A skills audit is undertaken to identify any training required to enable them to fulfil their obligations to the charity. The Trustees are provided with a trustee induction manual, information pack about the Charity, including financial statements, minutes of the previous meetings. ## **Organisational Structure** The Charity is managed by an Executive Committee and it is responsible for the ultimate performance of the Charity. Members meet monthly and receive a financial review every three months. ## **Objectives and Activities** The Power Movement is a registered charity based in London that is dedicated to improving the health, wellbeing and opportunities of all members of the community including children and the elderly. We believe that everyone deserves the chance to lead a healthy, fulfilling life, regardless of their circumstances. To achieve this goal, we offer a range of programs that are designed to help people of all ages and backgrounds learn new skills, stay active, and feel connected to their community. 2 **THE POWER MOVEMENT ORGANISATION** ## **TRUSTEES' REPORT (Continued)** ## **YEAR ENDED 31ST MARCH 2023** ## **Financial Review** The Charity's reserves as at 31st March 2023 total **£2,104** which will be used for the purposes on which the funds were provided for. The Organisation has a net surplus for the current year of **£532** ## **Principal Funding Sources** There is no principal funding source. We have been funded by Tower Hamlets Council on one occasion. Tesco on two occasions. Southern Housing Group on two occ All the Funders are corporate companies or the local council or other charities ## **Public Benefit** The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit and that the activities carried out by the charity during the year were all undertaken in order to further the charity's aims for the benefit of the charity's beneficiaries. Our services meet the needs of general public and mankind. 3 **THE POWER MOVEMENT ORGANISATION** ## **TRUSTEES' REPORT** ## **YEAR ENDED 31ST MARCH 2023** ## **Responsibilities of the Trustees** Financial Act requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the Company for that period. In preparing those financial statements, the management committee is required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on going concern basis unless it is inappropriate to presume that the Charity will continue. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company. 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. ## Members of the Management Committee Members of the Management Committee, who are trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1. As the Charity trustee, we certify that: - as far as we are aware, there is no relevant audit information of which the orgainsation accountants are unaware; and - as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity accountants are aware of that information. ## **Independent Examiner** Taj Accountants Ltd have expressed their willingness to act as the independent examiner for the Charity. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005). Approved by the Trustees on 22 January 2024 and signed on the Management Committee's behalf by: .................................................................... Mohammed Rahman Chair 4 ## **THE POWER MOVEMENT ORGANISATION** ## **ACCOUNTANT'S REPORT TO THE MEMBERS** ## **OF THE POWER MOVEMENT ORGNISATION** I report on the accounts for the year ended 31 March 2023 set out on pages 6 to 11. ## **Respective responsibilities of trustees and accountants** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 43 of the 1993 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiner's 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 in the statements below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 41 of the 1993 Act; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 1993 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Taj Accountants 69 Vallance Road London UK E1 5BS Date: ............................................. 5 **THE POWER MOVEMENT ORGANISATION** **(A Non-profit Charitable Organisation)** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31ST MARCH 2023** |**Notes**
**Incoming resources**
**Incoming resources from**
**generated funds**
_Voluntary income:_
Donations and Other income
2
**Total incoming resources**
**Resources expended**
**Charitable activities**
**Governance costs**
**Total resources expended**
3
**Net incoming resources before transfer**
Gross transfers between funds
**Net movements in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**2023**
**£**
2,104
**2,104**
1,573
**1,573**
532
-
**532**
4,115 )
(
**3,583 )**
**(**| |---|---| The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. 6 ## **THE POWER MOVEMENT ORGANISATION** ## **- (A Non profit Charitable Organisation)** ## **Registered Charity Number: 1195689** ## **BALANCE SHEET AS AT 31 March 2023** **----- Start of picture text -----**
2023
Notes £ £
Current Assets
Cash at Bank and in Hand 194
194
Current Liabilities:
Creditors 5 ( 3,777 )
Current Assets Less Current Liabilities ( 3,583 )
Total Assets Less Current Liabilities ( 3,583 )
General Funds
Unrestricted Funds (General Reserve) 6 ( 3,583 )
( 3,583 )
( 3,583 )
**----- End of picture text -----**
The Trustees confirm that, for the financial year ended 31st March 2023 the company has complied with the requirements of the Charity Acts with respect to accounting records; and has prepared financial statements which give a true and fair view of the state of affairs of the Charity as at the end of the financial period. These financial statements were approved by the Trustees on 22 January 2024 and signed on 22 January 2024 the Management Committee's behalf by: ............................................................... Mohammed Rahman Chair _The notes on pages 8-11 form part of these financial statements_ 7 **THE POWER MOVEMENT ORGANISATION NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31ST MARCH 2023** ## **1. Accounting Policies** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. ## **(a) Basis of accounting** These financial statements have been prepared under the historical cost convention and in the accordance with applicable accounting standards, the Companies Act 2006, the Charities Act 1993 and the Statement of Recommended Practice : Accounting and Reporting by Charities issued in March 2005. ## **(b) Fund accounting** - Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. ## **(c) Incoming resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Voluntary income received by the way of donations and gifts is included in full in the income and expenditure account when received. ## **(d) Resources expended** Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT and is reported as part of the expenditure in which it relates: - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - Governance costs include those costs associated with attracting voluntary income and the costs of fundraising activities requirements of the charity. 8 **THE POWER MOVEMENT ORGANISATION NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31ST MARCH 2023** ## **2 Accounting Policies** ## **Income** Voluntary income and donations are accounted for as received by the charity. No permanent endowments have been received in the period. |Donations
**Total Resources Expended**
**Costs allocated to**
**Charitable activities**
Accountancy Fees
Bank Charges
Stationary and printing
Sub contractors
Venue hire
Travel and Subsistence
**Total resources expended**|**Unrestricted**
**£**
2,104
**2,104**|**2023**
**Total**
**£**
2,104
**2,104**
**Total 2023**
**£**
384
30
25
1,060
50
24
**1,572**| |---|---|---| ## **3 Total Resources Expended** ## **4 Taxation** All income is applied for the charitable purpose and therefore the Charity is exempt from corporation tax. 9 **THE POWER MOVEMENT ORGANISATION NOTES TO THE ACCOUNTS** ## **5 Creditors > 1 year** |Creditors
Funds from Directors|**Total 2023**
**£**
-132
3,909
3,777| |---|---| 10 **THE POWER MOVEMENT ORGANISATION NOTES TO THE ACCOUNTS** ## **YEAR ENDED 31ST MARCH 2023** |**General Reserve fund**
General reserves
**Total unrestricted reserves**||**Incoming**
**resources**
**Outgoing**
**resources**
**Surplus /**
**(Deficit)**
**for the**
**year**
**At 31.03.2023**
£
£
£
£
2,104
1,573
532
532
**- **
**2,104**
**1,573**
**532**
**532**| |---|---|---| ## **6 General Reserve fund** 11