Company Registration Number: 09626906 Charity Registration Number: 1196820 RAMADAN TENT PROJECT LIMITED 85 CAMPDEN HOUSE PEEL STREET LONDON W8 7PH _______ FINANCIAL STATEMENT AND REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 30[th] JUNE 2022 ___________
RAHMAN & CO 167 CANNON STREET ROAD LONDON E1 2LX Tel: 020 7702 0562
RAMADAN TENT PROJECT LIMITED
CONTENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Directors/Trustees | 2 |
| Independent Auditors’ Report | 4-4(i) |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Accounting Policies | 7 |
| Notes to the Accounts | 8 - 10 |
RAMADAN TENT PROJECT LIMITED
CHARITY INFORMATION FOR THE YEAR ENDED 30[th] June 2022
Status:
The organization is a charitable company limited by guarantee. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Trustees who held office during the year
Toib Olomowewe Amad Afzal Railla Parveen Razaq
Chairperson Trustee Trustee
Registered Office
85 CAMPDEN HOUSE PEEL STREET LONDON W8 7PH
Company Registration Number
09626906 England & Wales
Charity Registration Number
1196820
Independent Examiner
Rahman & Co Institute of Financial Accountants 2[nd] Floor 167 Cannon Street Road London E1 2LX
Bank
Barclays Plc Leicester LE87 2BB
1
RAMADAN TENT PROJECT LIMITED
REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 30[th] JUNE 2022
The Directors/Trustees of Ramadan Tent Project Limited present their report together with the financial statements for the year ended 30[th] June, 2022.
Principal Activity
Bringing communities together to better understand each other & develop the understanding of Ramadan. Producers of the annual Ramadan Festival, preserving & promoting the culture, traditions of Islam. Promotion of religious harmony, equality & diversity for the public benefit. The charity has power to do anything which is calculated to further its Objects or is conducive or incidental to doing so.
Directors/Trustees
The Directors/Trustees of the charity who held office during the year were as follows:
Toib Olomowewe Amad Afzal Railla Parveen Razaq
Risk Mitigation
The board has examined the principal areas of the Charity’s operations and considered the major risks which may arise in each of these areas. In the opinion of the Trustees the Charity has established resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in its day to day operations.
Reserve Policy
It is the policy of the charity that unrestricted funds, which have not been designated for a specific use should be maintained at a level equivalent to at least 12 months expenditure. The executive committee considers that the reserves at this level will ensure that in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Results for the Year
The results of the period and financial position of the charity are shown in the annexed financial statements.
The Income and Expenditure Account shows net outgoing resources for the year of £156,931 and reserves of £266,118
A review of the charity’s activities during the period covered by these accounts and trustees report is contained in the Annual Report, which is available from the registered office.
Tangible Fixed Assets for use by the Charity
Fixed Assets are set out in the Notes to the Accounts.
2
Statement of Directors/Trustees Responsibilities
The Directors/Trustees are required by law to prepare financial statements for each financial period which give a true and fair view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial statements the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) Make judgements and estimates that are reasonable and prudent;
c) Follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts;
d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity company will continue in operation.
The Directors/Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charity company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the directors trustees on: 30/03/2023 and signed on their behalf by
Trustee
Signature
Name
3
RAMADAN TENT PROJECT LIMITED
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30[th] JUNE 2022
We have examined the accounts of Ramadan Tent Project Limited for the year ended 30[th] June 2022 on pages 4 to 5 which have been prepared under the historical cost convention in accordance with the SORP, Accounting and Reporting by Charities Commission issued in January 2015 and applicable Accounting Standards and Charities Act 2011.
Respective responsibilities of Trustees and Auditors
As the Charity’s Trustees, you are responsible for the preparation of the Financial Statements. The Executive Committee considers that an Audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an Independent Examiner is needed.
It is our responsibility to:
-
Examine the Financial Statements under section 145 of the 2011 Act.
-
Follow the procedure laid down in the general directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act and to state whether particular matters have come to my attention
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No member has required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These Accounts have been prepared in accordance with the provision applicable to the small companies, regime
Basis of Opinion
We conducted our audit in accordance with the general directions issued by the Charities Commissioner. The examination includes:
-
-A review of the accounting records kept by the Charity
-
-A comparison of the accounts presented with those records made available
-
-It includes consideration of an unusual items of disclosures in the accounts.
Finally, obtaining explanations from you as the Executive Committee concerning any such matters relating to the accounts. The examination also includes examination of any such matters of evidence relevant to the account disclosures in the financial statements. It includes assessment of the significant estimates and judgments made in the preparation of the financial statements, and whether the accounting policies and appropriate to the charity’s circumstances consistently applied and adequately disclosed. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiners’ statement
In connection with our examination no matter has come to our attention:
-
(1) Which gives us reasonable cause to believe that in any material respect the requirements:
-
To keep accounting records in accordance with section 130 of the 2011 Act; and
-
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
-
(2) To which in our opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
4
Opinion
In our opinion the accounts give a true and fair view of the state of the charity company’s affairs as at 30[th] June 2022 and of its incoming resources and application of resources, including its income and expenditure, in the period then ended and have been properly prepared with the general direction given by the Charities Commissioner.
N A Rahman (IFA) Rahman & Co Incorporated Executive Accountants 167 Cannon St Road London E1 2LX
30/03/2023
4(i)
RAMADAN TENT PROJECT LIMITED
Statement of Financial Activities
Incorporating the Income and Expenditure account for the year ended 30 June 2022
| Notes Gross Incoming Resources Grants 4 Sponsorships 4 Donations 4 Other income 4 Total Incoming resources Resources expended Charitable expenditure: -Direct expenditure 6 -Support, Management & Admin expenditure 7 Total expenditure Surplus(deficit) on ordinary activities before funds transfers Net outgoing resources Fund balances at 1 July 2021 Fund balances at 30 June 2022 |
Unrestricted Restricted Funds Funds |
2022 Total Funds |
|---|---|---|
| £ £ 0 135580.9 143,438 0 40,241 23,724 0 0 183,680 159,305 0 -82,935 -58,463 -15,533 -58,463 -98,468 125,216 60,837 80,065 0 205,281 60,837 |
£ 135,581 143,438 63,965 0 |
|
| 342,984 | ||
| -82,935 -73,996 |
||
| -156,931 | ||
| 186,053 80,065 |
||
| 266,118 |
The notes on pages 8 to 10 form part of these accounts.
5
RAMADAN TENT PROJECT LIMITED Balance Sheet as at 30 June 2022
| Notes Fixed Assets 8 Tangible Fixed Assets Current Assets Debtors 9 Cash at bank and in hand 10 Creditors: amounts falling due within one year 11 Net current assets/(liabilities) Net Assets Funds General Funds Total unrestricted Funds Restricted Funds 12 Total funds 13 |
30-Jun-22 | 30-Jun-22 |
|---|---|---|
| £ 0 252,043 |
£ 14,467 251,651 |
|
| 252,043 392 |
||
| 205,281 | ||
| 266,118 | ||
| 205,281 60,837 |
||
| 266,118 |
These financial statements have been prepared under the historical cost convention in accordance with the SORP,
Accounting and Reporting by Charities Commission issued in April 2005 and applicable Accounting Standards and Charities Act 1993.
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No member has required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These Accounts have been prepared in accordance with the provision applicable to the small companies, regime
Approved by the Directors/Trustees and signed on their behalf by:
Toib Olomowewe
Trustee
Approved by the board on: 30/03/2023
The notes on pages 8 to 12 form part of these accounts.
6
RAMADAN TENT PROJECT LIMITED
ACCOUNTING POLICIES FOR THE YEAR ENDED 30[th] JUNE 2022
1 Accounting policies
Accounting Convention
The financial statements have been prepared:
a) under the historical cost convention:
b) in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002);
c) in accordance with the Statement of Recommended Practice: Accounting and reporting by Charity Commission issued in March 2005 and applicable Accounting Standards and Charities Act 1993.
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small undertaking under FRS1.
Incoming Resources
Incoming resources are the amounts derived from the provision of charitable services, the receipt of gifts, subscriptions and grants falling within the charity’s ordinary activities and are shown net of VAT where applicable.
Restricted Funds
Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.
Unrestricted Funds
Unrestricted Funds are funds received which have no restrictions placed on their use and are available as general funds.
Designated Funds
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Voluntary income
Voluntary income received by way of donations and gifts is included in full when received.
Revenue grants
Revenue grants are credited to incoming resources on the earlier of when they are received or when they are due. If they relate to a specified future period they are deferred.
Allocation of costs
Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities.
Management and Administration
Administration expenditure includes all expenditure not directly related to or supporting the charitable activity.
Tangible Fixed Assets
Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicle
- 10% on reducing balance
2 Incoming Resources
The incoming resources and surplus are attributable to the principal activities of the charity.
7
RAMADAN TENT PROJECT LIMITED
| Notes to the Accounts for the year ended 30 June 2022 3 Net outgoimg resources Net outgoimg resources are stated after charging: Auditors fees - audit services Auditors fees - other services Depreciation - owned assets |
2022 £ 1,608 |
|---|---|
| 4 Income of charitable activities H M REVENUE & Customs - JRS Grant Kickstart Grant Other Grants and Subsidies Sponsorships Donations DEFERRED SPONSORSHIPS B/F DEFERRED GRANTS B/F 5 Investment returns Bank interest received 6 Direct expenditure Motor Costs Advertisement Costs Temporary Staff insurance IT Costs Legal & Professional Fees Volunteer Costs Travel Project Food & Props Licensing Fees Subcontractor Costs Security Costs Wages Partnership Donation |
Unrestricted Restricted £ £ 15533.48 0 6493.9 72605.8 101735 40241.31 23723.99 41703.2 40947.68 183679.51 159304.9 Unrestricted Restricted £ £ 0 0 -1,201 0 -22,941 0 -6,839 0 -161 0 -1,411 0 -21 0 -2,452 0 -409 0 -14,884 0 -210 0 -8,275 0 -2,178 0 -5,798 0 -16,155 0 -82,935 |
|
|---|---|---|
| 342,984 | ||
| 2022 Total £ |
||
| -1,201 -22,941 -6,839 -161 -1,411 -21 -2,452 -409 -14,884 -210 -8,275 -2,178 -5,798 -16,155 |
||
| -82,935 |
8
RAMADAN TENT PROJECT LIMITED
Notes to the Accounts
for the year ended 30 June 2022
7 Support, Management & Admin Expenditure
| ACCOUNTANCY PAYE & VAT Wages Subsistence Costs Memberships & Subscriptions R & M Tel, PPS Motor Costs Advertisement Costs IT Costs Legal & Professional Fees Travel Depreciation: Computer Equipment |
Unrestricted £ -2750 -1722 -43088 -173 -282 -79 -81 -3258 -1460 -3189 -647 -126 -1608 |
Restricted £ -15,533 -15,533 |
2022 £ -2,750 -1,722 -58,621 -173 -282 -79 -81 -3,258 -1,460 -3,189 -647 -126 -1,608 |
|
|---|---|---|---|---|
| -58,463 | -73,996 |
| 8 Tangible fixed assets As at 1 July 2021 Additions As at 30 June 2022 Depreciation Charge for the year As at 30 June 2022 Net book value As at 30 June 2021 As at 30 June 2022 |
Furniture & Fittings 16,075 0 |
Furniture & Fittings 16,075 0 |
|
|---|---|---|---|
| 16,075 | |||
| 1,608 | |||
| 1,608 2,236 |
|||
| 14,467 |
9
RAMADAN TENT PROJECT LIMITED
Notes to the Accounts
for the year ended 30 June 2022
| 9 Debtors: amounts falling due within one year Other debtors Accrued income 10 Bank and cash in hamd Bank deposit account Bank current account 11 Creditors: amounts falling due within one year Trade Creditors Other Creditors Salaries Corporation tax 12 Restricted Funds BYM Projects |
Opening Incoming Resources Transfers & balance Resources expended adjustments 0 159,305 -98,468 |
2022 £ 0 |
|---|---|---|
| 0 | ||
| 251,000 1,043 |
||
| 252,043 | ||
| 2 29 361 |
||
| 392 | ||
| Closing balance 60,837 |
||
| 0 159,305 -98,468 - |
60,837 |
Restricted funds (continued)
Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.
| 13 Net assets attributable to funds Tangible fixed assets Current assets Current liabilities Net assets represented by funds |
Total £ 14,467 252,043 392 |
|---|---|
| 266,118 |
14 Taxation
The company is a registered charity and does not trade or undertake non-charitable activities and has been granted tax exempt status by the Inland Revenue.
10