**REGISTERED CHARITY NUMBER: 1199598** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD** **8TH JULY 2022 TO 30TH NOVEMBER 2023** ## **FOR** ## **ICMG ROMFORD** S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX **ICMG ROMFORD** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|8| |**Detailed Statement of Financial Activities**||9|| **ICMG ROMFORD** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 30 November 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** - To support families and their children in learning Turkish language and culture - To engage youth with social and educational activities in an effort to keep them away from antisocial behaviours - To provide support to families and their children to improve their knowledge on religious education - To help raise funds in construction and support of educational projects within the UK and around the world - To support other charitable institutions having similar objective to those mentioned above - ICMG Romford has very strong financial donations from Turkish community at large to support its activities and needs ## **Public benefit** The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. As a charity we are asked by the Charity Commission to consider whether our activities provide "a public benefit." The Management Committee (Trustees) has considered this matter, in accordance with the latest guidance. It believes our services do provide a public benefit and therefore justify our charitable status. We have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission and in planning future activities. ## **FINANCIAL REVIEW** ## **Financial position** The statement of financial activities shows income of £49,263 for the year with net outgoing of resources of £20,654 resulting in net income of £28,609. ## **Reserves policy** The trustees consider that the reserves held are sufficient to continue the charities activity in future years. The trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational risks faced by the charity. The trustees confirm that they have established systems to mitigate the significant risks. ## **Going concern** The trustees consider the charity to be a going concern. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is a Charitable Incorporated Organisation and registered with the charity commission on 8 July 2022. Our Governing Document is our Memorandum and Articles of Association. ## **Recruitment and appointment of new trustees** The Management Committee of the Association, which comprises all the trustee/directors, has the power to appoint trustee/directors at any time. All trustee/directors retire at the Annual General Meeting and are eligible for re-election. Page 1 **ICMG ROMFORD** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Decision making** The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet regularly to review progress of the charity and take any decisions in relation to the activities provided by the charity. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to those risk. Appropriate controls are in place to mitigate financial risks and overseen by trustees ## **Induction and training of new trustees** Following appointment, new trustees will be introduced to their new role and are requested to familiarise themselves with contents of the trusts constitution and to the policies and procedures adopted by the charity. They are also requested to read a number of publications from the Charity Commission to ensure that they are aware of the scope of their responsibilities under the Charities Act. The new trustees will work with existing trustee assisting on particular activities and projects run by the charity. Once confident they will then be given the task of leading an activity or project as necessary. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1199598 ## **Principal address** 2 Chadwell Heath Lane Chadwell Heath Romford Essex RM6 4LZ ## **Trustees** Mr R Koksal (appointed 20/10/2023) Mr L Cerrah (appointed 8/7/2022) Mr E L Cetinkaya (appointed 8/7/2022) Mr R Kaygisiz (appointed 8/7/2022) ## **Independent Examiner** Jamal Arshad BA(Hons), FCCA S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX Approved by order of the board of trustees on 3rd September 2024 and signed on its behalf by: Mr R Koksal - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ICMG ROMFORD** ## **Independent examiner's report to the trustees of ICMG Romford** I report to the charity trustees on my examination of the accounts of ICMG Romford (the Trust) for the period 8th July 2022 to 30th November 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no 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. Jamal Arshad BA(Hons), FCCA The Association of Chartered Certified Accountants S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX 3rd September 2024 Page 3 **ICMG ROMFORD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOME AND ENDOWMENTS FROM**||| |Donations and legacies||49,263| |**EXPENDITURE ON**||| |**Charitable activities**||| |Charitable activities||17,996| |Other||2,658| |**Total**||20,654| |**NET INCOME**||28,609| |**TOTAL FUNDS CARRIED FORWARD**||28,609| |||| The notes form part of these financial statements Page 4 **ICMG ROMFORD** ## **BALANCE SHEET** ## **30TH NOVEMBER 2023** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**FIXED ASSETS**||| |Tangible assets|3|2,168| |**CURRENT ASSETS**||| |Debtors|4|26,381| |Cash at bank||960| |**CREDITORS**||27,341| |Amounts falling due within one year|5|(900)| |**NET CURRENT ASSETS**||26,441| |**TOTAL ASSETS LESS CURRENT**||| |**LIABILITIES**||28,609| |**NET ASSETS**||28,609| |**FUNDS**|6|| |Unrestricted funds||28,609| |**TOTAL FUNDS**||28,609| |||| The financial statements were approved by the Board of Trustees and authorised for issue on 3rd September 2024 and were signed on its behalf by: Mr R Koksal - Trustee The notes form part of these financial statements Page 5 **ICMG ROMFORD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued... Page 6 **ICMG ROMFORD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 30th November 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 30th November 2023. ## **3. TANGIBLE FIXED ASSETS** |**3.**|**TANGIBLE FIXED ASSETS**||| |---|---|---|---| ||||Fixtures| ||||and| ||||fittings| ||||£| ||**COST**||| ||Additions||2,891| ||**DEPRECIATION**||| ||Charge for year||723| ||**NET BOOK VALUE**||| ||At 30th November 2023||2,168| |**4.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||Other debtors||£
12,840| ||Prepayments and accrued income||13,541| ||||26,381| |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||Other creditors||£
900| |**6.**|**MOVEMENT IN FUNDS**||| ||**Unrestricted funds**|Net
movement
in funds
£|At
30/11/23
£| ||General fund|28,609|28,609| ||**TOTAL FUNDS**|28,609|28,609| ||||| continued... Page 7 **ICMG ROMFORD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** ## **6. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|49,263|(20,654)|28,609| |**TOTAL FUNDS**|49,263|(20,654)|28,609| ||||| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 30th November 2023. Page 8 **ICMG ROMFORD** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 8TH JULY 2022 TO 30TH NOVEMBER 2023** £ |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Other operating leases
Postage and stationery
Subcontractors
**Support costs**
**Finance**
Bank charges
**Other**
Travelling expenses
Fixtures and fittings
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|49,263
49,263
7,647
1,655
8,694
17,996
99
936
723
1,659
900
20,654
28,609| |---|---| This page does not form part of the statutory financial statements Page 9