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