The Charity Registration Number is :- 1200888
Leeds Swahili Cultural Community
Report and Accounts
31 December 2023
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Leeds Swahili Cultural Community
Report and accounts for the year ended 31 December 2023
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Statement of directors' responsibilities | 9 | |
| Accountants' report | 10 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 12 | |
| Statement of Financial Activities - Prior Year statement | 13 | |
| Movements in funds | 0 | |
| Revenue Funds | 0 | |
| Fixed Asset funds | 15 | |
| Income and Expenditure account | 16 | |
| Summary of funds | 16 | |
| Balance sheet | 17 | |
| Notes to the accounts | 19 |
Leeds Swahili Cultural Community
Trustees' Annual Report for the year ended 31 December 2023
The Trustees present their Report and Accounts for the year ended 31 December 2023.
Reference and administrative details
The charity name.
The legal name of the charity is:- Leeds Swahili Cultural Community.
The charity is also known by its operating name, Leeds Swahili Cultural Community.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1200888.
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The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
The governing document is dated 23 September 2024
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
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Leeds Swahili Cultural Community
Trustees' Annual Report for the year ended 31 December 2023
The principal operating address, telephone number, email and web addresses of the charity are:-
Unit 4 Osmondthrope Lane Leeds, Enter in step 4. 3 Enter in step 4. 4, LS9 9EG Telephone Enter in step 4. 6 Email Address Enter in step 4. 7 Web address Enter in step 4. 8
The Trustees in office on the date the report was approved were:-
Mahmoud Hamdan Abeid Aslan Iddi Aslan
Iddi Hasan Mahmoud Hamdan Abeid Mohammed Ally Ismail Adwan Adawy Adwan
The following persons served as Trustees during the year ended 31 December 2023 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
All the trustees are also members of the charity.
The purposes of the charity as set out in its governing document.
Leeds Swahili aims to promote the education (including social and physical training) of people. The charity provides or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals in. We also advance the religion of Islam by means of, but not exclusively, provision or assistance in the provision of facilities for worship and Islamic education, in accordance with the teachings of the Quran and the teachings of prophet Muhammad (pbuh).
The main activities undertaken in relation to those purposes during the year.
We run a weekly Youth Club in Leeds for children and young people aged 6 to 18 years old. Through our Youth Club, we provide children and young people with opportunities to take part in a wide range of activities including basketball, tennis, football, craft activities and trampolining. We also run school holiday activities. These programs offer opportunities for skill development and build relationships as youth mentors help young individuals form strong, positive relationships.
Leeds Swahili offers community health and wellness program that to promote the overall physical, mental, and social well-being of individuals within a community. These programs aim to prevent diseases, improve health outcomes, and enhance quality of life by offering resources, education, and services that encourage healthy behaviors and lifestyle choices. They often focus on
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Leeds Swahili Cultural Community
Trustees' Annual Report for the year ended 31 December 2023
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Our outdoors activities allow children to develop self-confidence, independence and self-esteem. They also become aware of limits, boundaries and challenge in their play. Parents feedback suggest that our outdoor play is beneficial for children beyond the physical activity it provides. It helps them socialize, understand their bodies better, engage in imaginative play and enjoy the outdoors. In today's busy and complex world, it can be difficult to schedule outdoor time with your child. However, Leeds Swahili Cultural Community prioritize for children's healthy growth and development.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
Leeds Swahili Centre fosters a sense of belonging, provides educational opportunities, promotes health and wellness, offers recreational activities, and supports economic development for local community. It is a place where local people come together, share resources, and work towards a common goal of building a stronger and more vibrant community.
The difference the charity's performance during the year has made to the beneficiaries of the charity.
The charity actively encourages creativity and culture and we also share shares valuable information to our community members.
The degree to which the achievements and performance during the year have
benefited wider society.
Leeds Swahili Cultural Community has positively impacts the lives of younger people and also combating loneliness with the community
The methods used to recruit and appoint new charity trustees.
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1.We analyse the charity's Governing Document
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2.The have a Detailed and Inclusive Role Posting.
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3.This is followed by a telephone Conversation Before a Face-To-Face Interview.
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4.Vet Your Applicants.
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5.Appoint Your Perfect Candidate.
Financial review
The charity's financial position at the end of the year ended 31 December 2023
The financial position of the charity at 31 December 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Net income | 40,448 | 3,917 |
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Leeds Swahili Cultural Community
Trustees' Annual Report for the year ended 31 December 2023
| Restricted Revenue Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity |
162,115 280,698 442,813 |
192,012 210,353 402,365 |
|---|---|---|
Financial review of the position at the reporting date, 31 December 2023 .
Financial review
The net income for the year was 40448 and net expenditure of £72,348.19 on restricted funds after transfers.
Details of The Independent Examiner
Ousman Manjang
Member of Chartered Certified Accountants
Northgate, 118 North Street 2nd Floor Workspace Hub Leeds West Yorkshire LS2 7PN
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate
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Leeds Swahili Cultural Community
Trustees' Annual Report for the year ended 31 December 2023
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 21 October 2024.
IDDI HASAN
Trustee
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Leeds Swahili Cultural Community
Report to the directors on the preparation of the unaudited statutory accounts of Leeds Swahili Cultural Community for the year ended 31 December 2023
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Elland Accountancy Ltd Chartered Certified Accountants Northgate, 118 North Street 2nd Floor Workspace Hub Leeds West Yorkshire LS2 7PN
16 October 2024
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
Statement of Financial Activities for the year ended 31 December 2023
| Current year Unrestricted Funds 2023 £ Income & Endowments from: Donations & Legacies A1 32,225 Investments A4 180 Total income A 32,405 Expenditure on: Charitable activities B2 62,302 Total expenditure B 62,302 Net income for the year (29,897) Transfers between funds C - Net income after transfers A-B-C (29,897) (29,897) Reconciliation of funds:- E Total funds brought forward 192,012 Total funds carried forward 162,115 Net movement in funds SORP Ref |
Current year Restricted Funds 2023 £ 42,448 - 42,448 11,046 11,046 31,402 38,943 70,345 70,345 210,353 280,698 |
Current year Total Funds 2023 £ 74,673 180 74,853 73,348 73,348 1,505 38,943 40,448 40,448 402,365 442,813 |
Prior Year Total Funds 2022 £ 30,321 - 30,321 26,404 26,404 3,917 - 3,917 3,917 398,448 402,365 |
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 19 to 0 form an integral part of these accounts.
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
Leeds Swahili Cultural Community - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Other trading activities A3 Investments A4 Other A5 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Tax on surplus on ordinary activiti B3 Other taxation B3 Total expenditure B B4 Net income for the year Transfers between funds C Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net gains on investments Net movement in funds |
Prior Year Unrestricted Funds 2022 £ 11,215 - - - - 11,215 - 7,946 - - - 7,946 - 3,269 - 3,269 3,269 184,348 187,617 |
Prior Year Restricted Funds 2022 £ 19,106 - - - - - 19,106 - 18,458 - - - - 18,458 - 648 - 648 648 214,100 214,748 |
Prior Year Total Funds 2022 £ 30,321 - - - - 30,321 - 26,404 - - - 26,404 - 3,917 - 3,917 3,917 398,448 402,365 |
|---|---|---|---|
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
The notes attached on pages 19 to 0 form an integral part of these accounts.
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
Leeds Swahili Cultural Community - Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities |
2023 £ - (31,250) - (31,250) |
2022 £ - - - - |
|---|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals. Amend this text if necessary Delete this text to autohide
The notes attached on pages 19 to 0 form an integral part of these accounts.
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
Movements in revenue and capital funds for the year ended 31 December 2023
Revenue accumulated funds
| Unrestricted Restricted Funds Funds 2023 2023 £ £ Accumulated funds brought forward 192,012 210,353 (29,897) 31,402 162,115 241,755 (From)/To unrestricted revenue funds - 38,943 Closing revenue funds 162,115 280,698 Designated revenue funds included within the unrestricted funds above At 1 January At 31 December Fixed asset funds Designated Restricted Funds Funds 2023 2023 £ £ At 1 January - - At 31 December - - Summary of funds Unrestricted Restricted and Funds Designated funds 2023 2023 £ £ Revenue accumulated funds 162,115 280,698 Recognised gains and losses before transfers #NAME? #NAME? |
Total Funds 2023 £ 402,365 1,505 403,870 38,943 442,813 Total Funds 2023 £ - - Total Funds 2023 £ - - Total Funds 2023 £ 442,813 |
Last year Total Funds 2022 £ 398,448 3,917 402,365 - 402,365 Last year Total Funds 2022 £ - - Last year Total Funds 2022 £ - - Last Year Total Funds 2022 £ 402,365 |
|---|---|---|
The notes attached on pages 19 to 0 form an integral part of these accounts.
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Leeds Swahili Cultural Community - Statement of Financial Activities for the year ended 31 December 2023
Leeds Swahili Cultural Community
Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006
| Income Income from operations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2023 £ 74,673 180 74,853 74,853 61,809 11,539 - 73,348 1,505 - 1,505 1,505 |
2022 £ 30,321 - 30,321 30,321 50,479 (24,075) - 26,404 3,917 - 3,917 3,917 |
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 19 to 0 form an integral part of these accounts.
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Leeds Swahili Cultural Community - Balance Sheet as at 31 December 2023
| Note SORP Ref Fixed assets A Tangible assets 7 A2 Current assets B Debtors 9 B2 4,791 Cash at bank and in hand B4 48,148 Total current assets 52,939 Creditors: amounts falling due within one year 10 C1 - Net current assets The total net assets of the charity Restricted funds Restricted Revenue Funds 14 D2 280,698 Unrestricted Funds Unrestricted Revenue Funds 14 D3 162,115 Designated Funds Total charity funds The total net assets of the charity are funded by the funds of the |
2023 2022 £ £ 389,873 370,162 5,350 31,978 37,328 (5,125) 52,939 32,203 442,813 402,365 210,353 280,698 210,353 192,012 162,115 192,012 - - 442,813 402,365 charity, as follows:- |
|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
IDDI HASAN
Trustee
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Leeds Swahili Cultural Community - Balance Sheet as at 31 December 2023
Approved by the board of trustees on 21 October 2024
The notes attached on pages 19 to 0 form an integral part of these accounts.
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Leeds Swahili Cultural Community
Cash Flow Statement for the year ended 31 December 2023
| Cash flows from operating activities A Cash flows from investing activities Interest received Purchase of property, plant and equipment Net cash provided by investing activities B Cash flows from financing activities Net cash provided by operating activities as shown below |
2023 £ 47,241 180 (31,250) (31,070) |
2022 £ (20,158) - - - |
|---|---|---|
| Net cash provided by financing activities C Overall cash provided by all activities Cash movements Change in cash and cash equivalents from activities in the year ended 31 December 2023 Cash and cash equivalents at 1 January 2023 Change in cash and cash equivalents due to exchange rate movements A+B+C Cash at bank and in hand less overdrafts at 31 December |
- 16,170 16,170 31,978 - 48,148 |
- (20,158) (20,158) - - (20,158) |
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Leeds Swahili Cultural Community
Cash Flow Statement for the year ended 31 December 2023 Leeds Swahili Cultural Community
Cash Flow Statement for the year ended 31 December 2023 - Continued
Reconciliation of net income to net cash flow from operating activities
| Net income as shown in the Statement of Financial Activities Adjustments for :- Depreciation charges Write downs of investments Net unrealised losses on investment assets Dividends, interest and rents from investments Decrease in debtors Increase in creditors, excluding loans Net cash provided by operating activities A Analysis of cash and cash equivalents Cash in hand at for the year ended 31 December 2023 Notice deposits - (less than 3 months) Total cash and cash equivalents |
40,448 11,539 - - (180) 559 (5,125) 47,241 2023 £ 48,148 - 48,148 |
3,917 (24,075) - - - - - (20,158) 2022 £ 31,978 - 31,978 |
|---|---|---|
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Leeds Swahili Cultural Community
Cash Flow Statement for the year ended 31 December 2023
Leeds Swahili Cultural Community
Cash Flow Statement for the year ended 31 December 2023 - Continued
| Cash Total Analysis of change in net debt |
At start of year 31,978 31,978 |
Cash Flows and 16,170 16,170 16,170 |
At end of year 48,148 16,170 16,170 |
|---|---|---|---|
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Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
Under 3.38 and to comply with 3.14, if there are no uncertainties about going concern this MUST be stated. Under 3.39, if there are uncertainties details must be given. Enter text here to comply
Suggested normal text (whioch may require modification to meet the circumstances):-
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2020 , the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
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Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Accounting for deferred income and income received in advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
Income from legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities
Membership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.
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Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
Policies relating to expenditure on goods and services provided to the charity.
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.
Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
Estimation techniques used in apportioning costs - give details
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
Policies relating to assets, liabilities and provisions and other matters.
Fixed Asset Investments
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 0 % straight line Leasehold premises 2 % straight line Plant and machinery 15 % straight line
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Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
Motor vehicles 25 % straight line
Accounting for capital grants and fixed asset funds.
Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose.
Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note 7.
Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.
When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.
Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.
As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunition in the asset,a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.
The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets.
In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.
Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.
Insofar as this policy relates to Government grants and to the extent that it may be a departure from the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), such departure is justified on the basis that it is in order to comply with the SORP.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
There are no endowment funds.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
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Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
4 Significance of financial instruments to the charity's position
5 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets 6 Intangible Fixed Assets Goodwill: Cost At 31 December 2023 Amortisation At 31 December 2023 Net book value #REF! |
2023 £ 11,539 2023 £ - - - |
2022 £ (24,075) 2022 £ - - - |
|---|---|---|
7 Tangible fixed assets
| Current Year Cost At 1 January 2023 Additions At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 |
Land and Buildings £ 346,087 - 346,087 (24,075) 6,851 (17,224) 363,311 370,162 |
Plant & Machinery £ - 31,250 31,250 - 4,688 4,688 26,562 - |
Motor Vehicles £ - - - - - - - - |
Total £ 346,087 31,250 377,337 (24,075) 11,539 (12,536) 389,873 370,162 |
|---|---|---|---|---|
23
Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
| Prior Year Land and Buildings Plant & Machinery Motor Vehicles £ £ £ Cost 342,541 01 January 2022 346,087 - - 346,087 31 December 2022 346087 - - Depreciation Net book value 31 December 2022 346,087 - - 31 December 2021 346,087 - - 8 Funds held or received as an agent on behalf of third parties not included in these Opening Received Released Funds in year in year £ £ £ Total - - - 9 Debtors #NAME? |
Total £ 346,087 346,087 346,087 346,087 accounts Closing Funds £ - |
|---|---|
| Trade debtors 10 Creditors: amounts falling due within one year Trade creditors 11 Revaluation reserve Current year Current year Unrestricted Funds 2023 £ At 1 January 2023 - Transfers in the year 38,943 At 31 December 2023 38,943 12 Income and Expenditure account summary At 1 January 2023 Transfers in for the year |
Current year Restricted Funds 2023 £ - - - |
2023 £ 4,791 2023 £ - Current year Total Funds 2023 £ - 38,943 38,943 2023 £ 402,365 38,943 |
2022 £ 5,350 2022 £ 5,125 Prior Year Total Funds 2022 £ - - - 2022 £ 398,448 - |
|---|---|---|---|
24
Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
| At 1 January 2023 Surplus after tax for the year At 31 December 2023 |
441,308 1,505 442,813 |
398,448 3,917 402,365 |
|---|---|---|
13 Particulars of how particular funds are represented by assets and liabilities
| At 31 December 2023 Tangible Fixed Assets Current Assets At 1 January 2023 Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted funds £ 389,873 (227,759) 162,114 Unrestricted funds £ 370,162 (173,025) (5,125) 192,012 |
Designated funds £ - - Designated funds £ - - - - |
Restricted funds £ - 280,698 280,698 Restricted funds £ - 210,353 - 210,353 |
Total Funds £ 389,873 52,939 442,812 Total Funds £ 370,162 37,328 (5,125) 402,365 |
|---|---|---|---|---|
14 Change in total funds over the year as shown in Note 13 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Restricted funds Unrestricted fund Total restricted funds Total charity funds |
Funds brought forward from 2022 £ 192,012 192,012 - 193,648 16,705 210,353 402,365 |
Movement in funds in 2023 See Note 15 £ (29,897) (29,897) (11,046) 42,448 - 31,402 1,505 |
See Note 16 £ - - - 38,943 - 38,943 38,943 Transfers between funds in 2023 |
Funds carried forward to 2024 £ 162,115 162,115 (11,046) 275,039 16,705 280,698 442,813 |
|---|---|---|---|---|
15 Analysis of movements in funds over the year as shown in Note 14
25
Leeds Swahili Cultural Community
Notes to the Accounts for the year ended 31 December 2023
| 16 | Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Restricted Fixed Asset Funds Restricted funds Gains and losses are detailed in notes 0,0, 0, 0 and Details of transfers between To/(from) Restricted Revenue Funds Net transfers The transfers shown in note 14 above are:- |
Income 2023 £ 32,405 - 42,448 74,853 0 |
Expenditure 2023 £ (62,302) (11,046) - (73,348) |
Other Gains & Losses 2023 £ - - - - |
Movement in funds 2023 £ (29,897) (11,046) 42,448 1,505 2023 £ 38,943 38,943 |
|---|---|---|---|---|---|
26
Leeds Swahili Cultural Community
Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
17 Donations, Grants and Legacies
| Donations and gifts from individuals Projects and activities Funeral contributions Academy contributions Total donations and gifts from individuals |
Current year Unrestricted Funds 2023 £ 32,225 - - 32,225 |
Current year Restricted Funds 2023 £ - 4,575 31,575 36,150 |
Current year Total Funds 2023 £ 32,225 4,575 31,575 68,375 |
Prior Year Total Funds 2022 £ 11,215 19,106 - 30,321 |
|---|---|---|---|---|
All the donations and gifts in the prior year were unrestricted.
Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analy
| Prior Year Unrestricted Funds 2022 £ Prior year 11,215 Current year Unrestricted Funds 2023 £ - - Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 32,225 All the donations and gifts in the prior year were unrestricted. Prior year Unrestricted Funds Revenue grants from government and public bodies Leeds City Council Total public sector revenue grants |
Prior Year Unrestricted Funds 2022 £ 11,215 Current year Unrestricted Funds 2023 £ - - |
Prior Year Restricted Funds 2022 £ 19,106 Current year Restricted Funds 2023 £ 6,298 6,298 |
Prior Year Total Funds 2022 £ 30,321 Current year Total Funds 2023 £ 6,298 6,298 |
Prior Year Total Funds 2022 £ - - 30,321 |
|---|---|---|---|---|
| 42,448 Restricted Funds |
74,673 Prior Year Total Funds |
27
Leeds Swahili Cultural Community
Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015
| Total Donations, Grants and Legacies A1 18 Investment income Bank Interest Receivable Total investment income A4 |
2022 £ 11,215 Current year Unrestricted Funds 2023 £ 180 180 |
2022 £ 19,106 Current year Restricted Funds 2023 £ - - |
2022 £ 30,321 Current year Total Funds 2023 £ 180 180 |
Prior Year Total Funds 2022 £ - - |
|---|---|---|---|---|
19 Expenditure on charitable activities - Charitable trading
| Current year Current Year Unrestricted Funds 2023 £ 20,470 Total charitable trading costs B2b 20,470 All the expenditure in the prior year was unrestricted. Prior Year Prior Year Unrestricted Funds 2022 £ 12,929 Total charitable trading costs B2b 12,929 20 Current year Current Year Unrestricted Funds 2023 £ Volunteer costs 4,172 Support costs for charitable activities Projectives and activities Projectives and activities Homeworkers' allowance - |
Current year Current Year Unrestricted Funds 2023 £ 20,470 Total charitable trading costs B2b 20,470 All the expenditure in the prior year was unrestricted. Prior Year Prior Year Unrestricted Funds 2022 £ 12,929 Total charitable trading costs B2b 12,929 20 Current year Current Year Unrestricted Funds 2023 £ Volunteer costs 4,172 Support costs for charitable activities Projectives and activities Projectives and activities Homeworkers' allowance - |
Current year Restricted Funds 2023 £ 2,594 2,594 Prior Year Restricted Funds 2022 £ 1,254 1,254 |
Current year Prior Year Total Funds Total Funds 2023 2022 £ £ 23,064 14,183 23,064 14,183 Prior Year Total Funds 2022 £ 14,183 14,183 |
|---|---|---|---|
| Current year Unrestricted Funds 2023 £ 4,172 |
Current year Restricted Funds 2023 £ 8,452 |
Current year Prior Year Total Funds Total Funds 2023 2022 £ £ 12,624 3,565 |
28
Leeds Swahili Cultural Community
Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015
| Premises Expenses 10,151 - 10,151 1,110 - 1,110 8,176 - 8,176 1,636 - 1,636 Administrative overheads 820 - 820 654 - 654 1,394 - 1,394 1,029 - 1,029 Professional fees paid to advisors other than the auditor or examiner 1,000 - 1,000 Financial costs 151 - 151 - - - 11,539 - 11,539 Support costs before reallocation 41,832 8,452 50,284 Total support costs - Current Year 41,832 8,452 50,284 The basis of allocation of costs between activities is described under accounting policies Current year Current year Prior Year Prior Year Unrestricted Funds Restricted Funds Total Funds 2023 2023 2022 £ £ £ Volunteer costs Homeworkers' allowance - volunteers 2,115 1,450 3,565 Premises Expenses 5,221 15,754 20,975 Administrative overheads (4,983) 17,204 12,221 (4,983) 17,204 12,221 Depreciation & Amortisation in total Bank charges Premises repairs, renewals and maintenance Advertising and marketing Membership subscriptions Telephone, fax and internet Stationery and printing Cleaning and waste management Property insurance Light heat and power Premises repairs, renewals and maintenance Bank charges Support costs before Accountancy fees other than examination or audit fees Total support costs - Prior Year |
5,947 821 20,975 1,541 629 136 1,387 - 700 427 168 (24,075) 12,221 12,221 - - - |
|---|---|
The basis of allocation of costs between activities is described under accounting policies
21 Total Charitable expenditure
Current year Current year Current year Prior Year
29
Leeds Swahili Cultural Community
Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015
| Current Year Total charitable trading costsB2b Total support costs B2d Total charitable expenditure B2 Prior Year Total charitable trading costsB2b Total support costs B2d Total charitable expenditure B2 |
Unrestricted Funds 2023 £ 20,470 41,832 62,302 Prior Year Unrestricted Funds 2022 £ 12,929 (4,983) 7,946 |
Restricted Funds 2023 £ 2,594 8,452 11,046 Prior Year Restricted Funds 2022 £ 1,254 17,204 18,458 |
Total Funds 2023 £ 23,064 50,284 73,348 Prior Year Total Funds 2022 £ 14,183 12,221 26,404 |
Total Funds 2022 £ 14,183 12,221 26,404 |
|---|---|---|---|---|
30
Leeds Swahili Cultural Community
Activity analysis of Income and expenditure for the for the year ended 31 December 2023
This analysis is classsified by activity and not by conventional nominal descriptions.
22 Analysis of income by activity
| SOFA ref Summary of Total Income, including the items above Donations & Legacies A1 Investment income A4 Total income as shown in the SOFA A Categories of income Income from exchange transactions Activity |
2023 £ 74,673 180 74,853 74,853 |
2022 £ 30,321 - 30,321 30,321 |
|---|---|---|
23 Analysis of charitable expenditure by activity
| Activity | ||||||
|---|---|---|---|---|---|---|
| Direct | Support | Grant | ||||
| costs | costs | funding of | Total | Total | ||
| activities | ||||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Youth club | ||||||
| Charitable trading costs | 12,542 | - | - | 12,542 | - | |
| Direct | Support | Grant | ||||
| costs | costs | funding of | Total | Total | ||
| activities | ||||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Health and wellbeing | ||||||
| Charitable trading costs | 2,154 | - | - | 2,154 | - | |
| Direct | Support | Grant | ||||
| costs | costs | funding of | Total | Total | ||
| activities | ||||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Outdoor activities | ||||||
| Charitable trading costs | 6,253 | - | - | 6,253 | - |
31
Leeds Swahili Cultural Community
Activity analysis of Income and expenditure for the for the year ended 31 December 2023
| Direct costs 2023 £ Charitable activity 2 Charitable trading costs 1,253 Direct costs 2023 £ Other charitable activities Charitable trading costs 862 Direct costs 2023 £ Total Youth club 12,542 Total Health and wellbeing 2,154 Total Outdoor activities 6,253 Total Charitable activity 2 1,253 Total Other charitable activities 862 B2. Volunteer costs B3. Premises Expenses B4. Administrative overheads B6. Financial costs 23,064 Total charitable expenditure Summary of charitable costs by activity B5. Professional Fees |
Support costs 2023 £ - Support costs 2023 £ - Support costs 2023 £ - - - - - - |
Grant funding of activities 2023 £ - Grant funding of activities 2023 £ - Grant funding of activities 2023 £ - - - - - - |
Total 2023 £ 1,253 Total 2023 £ 862 Total 2023 £ 12,542 2,154 6,253 1,253 862 12,624 21,074 3,897 1,000 11,689 73,348 |
Total 2022 £ Total 2022 £ - Total 2022 £ - - - - - - |
|---|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies
The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 21
32