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2024-06-30-accounts

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Company Registration Number: 09626906
Charity Registration Number: 1196820
RAMADAN TENT PROJECT LIMITED
INTERNATIONAL HOUSE
142 CROMWELL ROAD
LONDON SW7 4EF
_______
FINANCIAL STATEMENT
AND
REPORT OF THE DIRECTORS/TRUSTEES
FOR THE YEAR ENDED
30 [th] JUNE 2024
___________
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RAHMAN & CO
167 CANNON STREET ROAD
LONDON E1 2LX
Tel: 020 7702 0562
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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 2024

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

INTERNATIONAL HOUSE 142 CROMWELL ROAD LONDON SW7 4EF

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 2024

The Directors/Trustees of Ramadan Tent Project Limited present their report together with the financial statements for the year ended 30[th] June, 2024.

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 £368,560 and reserves of £382,005

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: 06/02/2024 and signed on their behalf by

Signature

Toib Olomowewe Name

Trustee

3

RAMADAN TENT PROJECT LIMITED

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30[th] JUNE 2024

We have examined the accounts of Ramadan Tent Project Limited for the year ended 30[th] June 2024 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:

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:

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:

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 2023 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

06/02/2024

4(i)

RAMADAN TENT PROJECT LTD

Statement of Financial Activities

Incorporating the Income and Expenditure account for the year ended 30 June 2024

Notes
Gross Incoming Resources
Grants
4
Sponsorships
4
Donations
4
Zakat Donation
4
Other income
5
Total Incoming resources
Resources expended
Charitable expenditure:
-Direct expenditure
6
-Support, Management & Admin expenditure
6
Total expenditure
Surplus(deficit) on ordinary
activities before funds transfers
Net outgoing resources
Fund balances at 1 July 2023
Fund balances at 30 June 2024		 Unrestricted Funds
Restricted
Funds
Designated
General		 2024
2023
Total
Funds
Total
Funds
£
£
£
100,000
49,800
143,490
4,800
45,776
2,184
51,298
3,989
3,989
289,266
108,083
-69,020
-126,291
-3,873
-167,192
-2,184
-3,873
-236,211
-128,475
116
53,054
-20,392
969
337,772
10,486
1,085
390,826
-9,906		 £
£
149,800
198,141
148,290
135,915
47,960
61,066
51,298
16,239
3,989
969
401,337
412,329
-195,310
-185,244
-173,249
-143,976
-368,560
-329,220
32,778
83,109
349,227
266,118
382,005
349,227

The notes on pages 8 to 12 form part of these accounts.

5

RAMADAN TENT PROJECT LTD

as at 30 June 2024

Balance Sheet

RAMADAN TENT PROJECT LTD
Balance Sheet
as at 30 June 2024
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
Designated Funds
Total unrestricted Funds
Restricted Funds
12
Total funds		 30-Jun-24
£
£
10,416
18,938
355,512
374,450
2,861
371,588
382,004
390,826
1,085
391,911
-9,906
382,005		 30-Jun-23
£
18,938
355,512		 £
172,996
201,517		 £
13,020
336,206
374,450
2,861		 374,513
38,307
390,826
1,085		 337,772
969
349,227
338,740
10,486
349,227

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:

Trustee Trustee Approved by the board on:

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 2024

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

2 Incoming Resources

The incoming resources and surplus are attributable to the principal activities of the charity.

7

RAMADAN TENT PROJECT LTD

Notes to the Accounts
for the year ended 30 June 2024
3 Net outgoing resources
Net outgoing resources are stated after charging:
Auditors fees - audit services
Auditors fees - other services
Depreciation - owned assets
4 Income of charitable activities
H M REVENUE & Customs - JRS Grant
Speakers Fee Donation
Other Grants and Subsidies
Sponsorships
Donations
Zakat Donations
DEFERRED SPONSORSHIPS B/F
DEFERRED GRANTS B/F
5 Investment returns
Bank interest received
6 Direct expenditure
Motor Costs
Marketing & Advertisement
Temporary Staff
Insurance
IT Costs
Legal & Professional Fees
Volunteer Costs
Travel
Project Food, Props & Other Costs
Project Meals
Equipment Hire
Subsistence Costs
Project related R&M
Licensing Fees
Subcontractor Costs
Security Costs
Wages
Partnership Donation		 Unrestricted
Restricted
£
£
2,184
100,000
49,800
143,490
4,800
45,776
0
51,298
289,266
108,083
Unrestricted
Restricted
£
£
3,989
-2,288
-30,667
-7,441
-538
-1,375
-10,771
-3,625
-47,865
-58,859
-2,412
-1,435
-1,484
-1,200
-5,783
-19,566
-69,020
-126,291		 2024
2023
£
£
2,604
1,447
0
0
2,184
0
149,800
198,141
148,290
135,915
45,776
61,066
51,298
16,239
0
0
0
0
397,349
411,360
2024
2023
Total
Total
£
£
-2,288
-1,384
-30,667
-8,626
-7,441
-28,269
-538
-325
-1,375
-2,125
0
0
-10,771
-9,010
-3,625
-880
-47,865
-57,662
-58,859
-51,438
-2,412
-2,550
-1,435
-1,000
-1,484
-493
0
-710
-1,200
-3,722
-5,783
-2,278
0
0
-19,566
-14,772
-195,310
-185,244

8

RAMADAN TENT PROJECT LTD

Notes to the Accounts

for the year ended 30 June 2024

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
Temp Staff
Vehicle Hire
Sponsorships
HR & Admin Costs
Funding Consultancy
Charity Donations
Volunteer Costs
Storage Rent
Professional Subscriptions
Bank Charges & Interest
Staff Training
Speaker Fees
Interest Donations
Previous year’s tax charges & Int.
Depreciation: Motor Vehicle
8 Tangible fixed assets
As at 1 July 2023
Additions
As at 30 June 2024
Depreciation
Charge for the year
As at 30 June 2024
Net book value
As at 30 June 2023
As at 30 June 2024		 Designated
-3,873		 Unrestricted
£
-2,042
-73,104
-1,984
-193
-245
-125
-2,458
-4,800
-5,841
-1,273
-2,229
-15,015
0
-2,350
0
-50,000
-660
-30
-550
-351
-1
-1,102
-236
-2,604		 Restricted
£
-2,184
-2,184
Motor
Vehicle
13,020
0
13,020
2,604
2,604
14,467
10,416		 2024
2023
£
£
0
-1,200
-2,042
-1,134
-73,104
-53,766
-1,984
-1,636
-193
-201
-245
-81
-125
-47
-2,458
-4,103
-4,800
-1,684
-5,841
-4,012
-1,273
-553
-2,229
-1,115
-15,015
-18,097
0
-2,508
-2,350
-2,350
0
-43
-50,000
-50,000
-660
-30
-550
-351
-1
-1,102
-2,184
-3,873
-236
-2,604
-1,447
-3,873 -167,192 -173,249
-143,976

9

RAMADAN TENT PROJECT LTD

Notes to the Accounts

for the year ended 30 June 2024

9 Debtors: amounts falling due within one year
Other debtors
Accrued income
10 Bank and cash in hand
Bank deposit account
Bank current account
11 Creditors: amounts falling due within one year
Trade Creditors
Other Creditors
Salaries
Corporation tax
12 Restricted Funds
RTP Projects		 Opening
Incoming
Resources
balance
Resources
expended
10,486
108,083
-128,475		 2024
2023
£
£
0
0
18,938
172,996
18,938
172,996
355,000
200,000
512
1,517
355,512
201,517
2,832
38,017
29
29
0
261
2,861
38,307

Transfers
&
Closing
adjustments
balance
-9,906
10,486
108,083
-128,475		 -
-9,906

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
£
10,416
374,450
2,861
382,004

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