Company number 12992509
Project Nile (Derby) Ltd Trustees' report and financial statements for the year ended 30 November 2022
Project Nile (Derby) Ltd
Contents
| Contents | ||
|---|---|---|
| Page | ||
| Legal and administrative information | 1 | |
| Trustees' report | 2 -3 | |
| Statement of financial activities | 4 | |
| Balance sheet | 5 - 6 | |
| Notes to the financial statements | 7 - 9 |
Project Nile (Derby) Ltd
Legal and administrative information
Company registration number 12992509
Business address
1st Floor Northcliffe House Meadow Road Derby DE1 2BH
Trustees
Moahmmed Hashim Nadeem Akbar Naeem Akbar Shahzad Riaz
Page 1
Project Nile (Derby) Ltd
Report of the trustees (incorporating the directors' report) for the year ended 30 November 2022
The trustees present their report and the financial statements for the year ended 30 November 2022. The trustees who are also directors of Project Nile (Derby) Ltd for the purpose of company law and who served during the year and up to the date of this report are set out on page 1
Structure governance and management
Project Nile (Derby) Ltd is a private limited company and is structured by memorandum and articles of association. There are four directors in the organisation.
Objectives and activities
During this financial year we have delivered a number of islamic creative and educational workshops to children in our local community.
Achievements and performance
Our workshops have benefited the community as it encouraged children to come together to learn, socialise and share their experiences; aswell as instilling strong moral and ethical values. This includes fostering virtues such as honesty, integrity, compassion and respect for others.
We have worked with a number of local organisations to meet the needs of the local communities.
Financial review
The organisation raised £57,222 throughout the year by way of running educational programs. The organisation spent £56,492 in teaching, organising and facilitating events / outings. All surplus funds are reinvested into the organisation to create more events for future years.
Statement of trustees' responsiblities
The trustees (who are also directors for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law 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 charitable company and of the incoming resources and application of resources including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
Page 2
Project Nile (Derby) Ltd
Report of the trustees (incorporating the directors's report) for the year ended 30 November 2022
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the chariable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable 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 for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Mohammed Hashim
Director
Page 3
Project Nile (Derby) Ltd
Statement of financial activities (incorporating the income and expenditure account) for the year ended 30 November 2022
| Unrestricted | 2022 | |||
|---|---|---|---|---|
| Funds | Total | |||
| Notes | £ | £ | ||
| Incoming resources | ||||
| Incoming resources from generating funds: | ||||
| Voluntary income | 2 | - | - | |
| Incoming resources from charitable activites | 3 | 57,222 | 57,222 | |
| Total incoming resources | 57,222 | 57,222 | ||
| Resources expended | ||||
| Activity related expenditure | 39,324 | 39,324 | ||
| Insurance | 310 | 310 | ||
| Other / office expenses | 9,217 | 9,217 | ||
| Repairs / maintenance | 7,641 | 7,641 | ||
| Total resources expended | 56,492 | 56,492 | ||
| Net incoming/(outgoing) resources for the year / | ||||
| Net income/(expense) for the year | (730) | (730) | ||
| Total funds brought forward | 4,752 | 4,752 | ||
| Total funds carried forward | 5,482 | 5,482 |
The notes on pages 7 to 9 form an integral part of these financial statements. Page 4
Project Nile (Derby) Ltd
Balance Sheet as at 30 November 2022
| 2022 | |||||
|---|---|---|---|---|---|
| Notes | £ | £ | |||
| Current assets | |||||
| Cash at bank and in hand | 5,482 | ||||
| 5,482 | |||||
| Creditors: amounts falling due within one year | 6 | - | |||
| Net current assets | 5,482 | ||||
| Net assets | 5,482 | ||||
| Funds | 7 | ||||
| Unrestricted income funds | 5,482 | ||||
| Total funds | 5,482 |
The Balance Sheet continues on the following page
The notes on pages 7 to 9 form an integral part of these financial statements. Page 5
Project Nile (Derby) Ltd
Balance Sheet (continued)
Trustees statements required by the Companies Act 2006 for the year ended 30 November 2022
In approving these financial statements as trustees of the company we hereby confirm:
a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 30 November 2022.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the board on and signed on its behalf by
Mohammed Hashim Director
The notes on pages 7 to 9 form an integral part of these financial statements. Page 6
Project Nile (Derby) Ltd
Notes to financial statements for the year ended 30 November 2022
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2. 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 is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servicies 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.
2. Voluntary income
2022 Total £ Donations -
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 7
Project Nile (Derby) Ltd
Notes to financial statements for the year ended 30 November 2022
3. Incoming resources from charitable activities
| Income from charitable activities | Unrestricted funds 2022 Total £ £ 57,222 57,222 |
|---|---|
| 57,222 57,222 |
4. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 5. Creditors: amounts falling due Trustees' current accounts 6. Analysis of net assets between funds Fund balances at 30 November 2022 as represented by: Current assets Current liabilities |
2022 Number - - 2022 Total £ - - Unrestricted funds 2022 Total £ £ 5,482 5,482 - - |
2022 Number - |
|---|---|---|
| - | ||
| 2022 Total £ - |
||
| - | ||
| 5,482 5,482 |
Page 8
Project Nile (Derby) Ltd
Notes to financial statements for the year ended 30 November 2022
7. Unrestricted funds
| At | 01 | **Dec 2021 ** | Incoming | Outgoing | At 30 Nov 2022 | ||
|---|---|---|---|---|---|---|---|
| **2022 ** | resources | resources | 2022 | ||||
| £ | £ | £ | £ | ||||
| 4,752 | 57,222 | (56,492) | 5,482 |
8. Company limited by shares
Project Nile (Derby) Ltd is a company limited by shares
The company is divided into shares, which are owned by shareholders. These shares represent the ownership interest in the company.
Page 9
Company number 12992509
Project Nile (Derby) Ltd Trustees' report and financial statements for the year ended 30 November 2022
Project Nile (Derby) Ltd
Contents
| Contents | ||
|---|---|---|
| Page | ||
| Legal and administrative information | 1 | |
| Trustees' report | 2 -3 | |
| Statement of financial activities | 4 | |
| Balance sheet | 5 - 6 | |
| Notes to the financial statements | 7 - 9 |
Project Nile (Derby) Ltd
Legal and administrative information
Company registration number 12992509
Business address
1st Floor Northcliffe House Meadow Road Derby DE1 2BH
Trustees
Moahmmed Hashim Nadeem Akbar Naeem Akbar Shahzad Riaz
Page 1
Project Nile (Derby) Ltd
Report of the trustees (incorporating the directors' report) for the year ended 30 November 2022
The trustees present their report and the financial statements for the year ended 30 November 2022. The trustees who are also directors of Project Nile (Derby) Ltd for the purpose of company law and who served during the year and up to the date of this report are set out on page 1
Structure governance and management
Project Nile (Derby) Ltd is a private limited company and is structured by memorandum and articles of association. There are four directors in the organisation.
Objectives and activities
During this financial year we have delivered a number of islamic creative and educational workshops to children in our local community.
Achievements and performance
Our workshops have benefited the community as it encouraged children to come together to learn, socialise and share their experiences; aswell as instilling strong moral and ethical values. This includes fostering virtues such as honesty, integrity, compassion and respect for others.
We have worked with a number of local organisations to meet the needs of the local communities.
Financial review
The organisation raised £57,222 throughout the year by way of running educational programs. The organisation spent £56,492 in teaching, organising and facilitating events / outings. All surplus funds are reinvested into the organisation to create more events for future years.
Statement of trustees' responsiblities
The trustees (who are also directors for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law 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 charitable company and of the incoming resources and application of resources including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
Page 2
Project Nile (Derby) Ltd
Report of the trustees (incorporating the directors's report) for the year ended 30 November 2022
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the chariable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable 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 for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Mohammed Hashim
Director
Page 3
Project Nile (Derby) Ltd
Statement of financial activities (incorporating the income and expenditure account) for the year ended 30 November 2022
| Unrestricted | 2022 | |||
|---|---|---|---|---|
| Funds | Total | |||
| Notes | £ | £ | ||
| Incoming resources | ||||
| Incoming resources from generating funds: | ||||
| Voluntary income | 2 | - | - | |
| Incoming resources from charitable activites | 3 | 57,222 | 57,222 | |
| Total incoming resources | 57,222 | 57,222 | ||
| Resources expended | ||||
| Activity related expenditure | 39,324 | 39,324 | ||
| Insurance | 310 | 310 | ||
| Other / office expenses | 9,217 | 9,217 | ||
| Repairs / maintenance | 7,641 | 7,641 | ||
| Total resources expended | 56,492 | 56,492 | ||
| Net incoming/(outgoing) resources for the year / | ||||
| Net income/(expense) for the year | (730) | (730) | ||
| Total funds brought forward | 4,752 | 4,752 | ||
| Total funds carried forward | 5,482 | 5,482 |
The notes on pages 7 to 9 form an integral part of these financial statements. Page 4
Project Nile (Derby) Ltd
Balance Sheet as at 30 November 2022
| 2022 | |||||
|---|---|---|---|---|---|
| Notes | £ | £ | |||
| Current assets | |||||
| Cash at bank and in hand | 5,482 | ||||
| 5,482 | |||||
| Creditors: amounts falling due within one year | 6 | - | |||
| Net current assets | 5,482 | ||||
| Net assets | 5,482 | ||||
| Funds | 7 | ||||
| Unrestricted income funds | 5,482 | ||||
| Total funds | 5,482 |
The Balance Sheet continues on the following page
The notes on pages 7 to 9 form an integral part of these financial statements. Page 5
Project Nile (Derby) Ltd
Balance Sheet (continued)
Trustees statements required by the Companies Act 2006 for the year ended 30 November 2022
In approving these financial statements as trustees of the company we hereby confirm:
a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 30 November 2022.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the board on and signed on its behalf by
Mohammed Hashim Director
The notes on pages 7 to 9 form an integral part of these financial statements. Page 6
Project Nile (Derby) Ltd
Notes to financial statements for the year ended 30 November 2022
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2. 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 is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servicies 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.
2. Voluntary income
2022 Total £ Donations -
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 7
Project Nile (Derby) Ltd
Notes to financial statements for the year ended 30 November 2022
3. Incoming resources from charitable activities
| Income from charitable activities | Unrestricted funds 2022 Total £ £ 57,222 57,222 |
|---|---|
| 57,222 57,222 |
4. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 5. Creditors: amounts falling due Trustees' current accounts 6. Analysis of net assets between funds Fund balances at 30 November 2022 as represented by: Current assets Current liabilities |
2022 Number - - 2022 Total £ - - Unrestricted funds 2022 Total £ £ 5,482 5,482 - - |
2022 Number - |
|---|---|---|
| - | ||
| 2022 Total £ - |
||
| - | ||
| 5,482 5,482 |
Page 8
Project Nile (Derby) Ltd
Notes to financial statements for the year ended 30 November 2022
7. Unrestricted funds
| At | 01 | **Dec 2021 ** | Incoming | Outgoing | At 30 Nov 2022 | ||
|---|---|---|---|---|---|---|---|
| **2022 ** | resources | resources | 2022 | ||||
| £ | £ | £ | £ | ||||
| 4,752 | 57,222 | (56,492) | 5,482 |
8. Company limited by shares
Project Nile (Derby) Ltd is a company limited by shares
The company is divided into shares, which are owned by shareholders. These shares represent the ownership interest in the company.
Page 9
| SECTION A Independent Examiners Report Report to the trustees / members of Project Nile (Derby) Ltd On accounts for the year ended 30/11/2022 Charity No 11989608 |
SECTION A Independent Examiners Report Report to the trustees / members of Project Nile (Derby) Ltd On accounts for the year ended 30/11/2022 Charity No 11989608 |
SECTION A Independent Examiners Report Report to the trustees / members of Project Nile (Derby) Ltd On accounts for the year ended 30/11/2022 Charity No 11989608 |
SECTION A Independent Examiners Report Report to the trustees / members of Project Nile (Derby) Ltd On accounts for the year ended 30/11/2022 Charity No 11989608 |
SECTION A Independent Examiners Report Report to the trustees / members of Project Nile (Derby) Ltd On accounts for the year ended 30/11/2022 Charity No 11989608 |
SECTION A Independent Examiners Report Report to the trustees / members of Project Nile (Derby) Ltd On accounts for the year ended 30/11/2022 Charity No 11989608 |
|---|---|---|---|---|---|
| SECTION A | Independent Examiners Report | ||||
| Report to the trustees / members of | Project Nile (Derby) Ltd | ||||
| On accounts for the year ended | 30/11/2022 | Charity No | 11989608 |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/11/2022
Responsibilities and basis of report
As the charity's 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 The charity’s gross income exceeded £50,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of CIMA
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. Please consider recommendations listed under SECTION B.
I have no material 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.
| SIGNED: | |
|---|---|
| NAME: | Kamran Hussain |
| DATE: | 06/07/2023 |
| PROFESSION:AL BODY: | CIMA |
| MEMBERSHIP NUMBER: | 1-7AS9HR |
| ADDRESS: | Room 23 Rosehill Business Centre Normanton Road Derby DE23 6RH |
Oct 2018
IER
1
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts IER Oct 2018
| SECTION B | Disclosure |
|---|---|
| Give here brief details of any items that the examiner wishes to disclose. Recommendations for improvement this year: 1) Keeping copies of receipts for all expenses. Recommendations for improvement Carried forward: 1) Book keeping –Regular bank reconciliations need to take place which will improve accuracy of record keeping. |
Oct 2018
IER
3