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||||
|---|---|---|
|CONTENTS||Pages|
|Charity and company
informafion|||
|Trustees' annual report||4-7|
|Objectives and activiTies|||
|Public benefit|||
|Achievements
and perlbnnance|||
|Financial
review|||
|Structure,
governance|and management||
|Future developments|||
|Independent
auditors'
report||8-9|
|Financial statements||10-19|
|Statement offinancial|aciivilies|10|
|Balance sheet|||
|Statement ofcash fiows||12|
|Notes to the financial|statements|13-19|
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|Executive||Committee|Officers|Richard Arthur|(Chairman)|(Chairman)|
|---|---|---|---|---|---|---|
|(Trustees|and directors)|||Gill Korgaonkar|()rice|chairman)|
|||||Anthony Sober|(Treasurer)||
|||||Stephen
Barry|||
|||||Ruth Freeman|||
|||||* David Gigi|||
|||||Marie-Ange
King|||
|||||Gail Levy|||
|||||Hazelanne
Lewis|||
|||||Shafeeq Siddiqui|||
|||||Richard Sisson|(Assistant treasurer)||
|||||Barbara Stevens|||
|||||*=co-opted member|||
|Company|Secretary|||Mushtak
Macci|||
|Registered||charity number||288434|||
|Company|number|||01752272|||
|||||Registered
in England|||
|Registered||office||Old Town Hall|||
|||||213Haverstock
Hill|||
|||||London NW3 4QP|||
|Independent||auditors||Knox Cropper LLP|||
|||||Chartered
Accountants|||
|||||65Leadenhall
Street|||
|||||London EC3A 2AD|||
|Solicitors||||Bates Wells 8Braithwaite|London|LLP|
|||||10Queen Street Place|||
|||||London EC4R 1BE|||
|Bankers||||CAF Bank Lkl|||
|||||25 Kings Hill Avenue|||
|||||West Mailing ME194JQ|||
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|INDEPENDENT AUDITORS' REPORTTOTHE~OFINA Nl LONDON(~)|||
|---|---|---|
|Mattem on which we are Required toReport by Exception|||
|In the light ofthe knowledge
and underslanding
ofthe charitable
company and its environment
obtained
in the course
dentified
materialmisstatementsi|||
|ofthe audit, we have not
the trustees' report.|||
|We have nothing to report in respect ofthe following mattem
in relation towhich the Companies Act 2006 requires||us|
|to report to you if, in our opinion:|||
|-Adequate
accounting
records have not been kept, or returns
adequate forour audit have not been received from|||
|branches
not visited by us;cr|||
|-The financial statementsare
not in agreement
with the accounhng
records snd mtums; cr|||
|-Certain disdosures oftrustees'
remuneralion
specitied by kiw are not made; or|||
|-We have not received afithe information
and explanations
we require forour audit; or|||
|-The trustees were not enhtled tcprepam the financial statements
in accordance with the small companies
regime
and take advantage ofthe small companies exemption
fmm the requirement
toprepare aStrategic Report or in|||
|preparing the Trustees' Report.|||
|ResponsibiliTies
ofTrustees|||
|As explained
more fully inthe Statement ofTrustees' ResponsibiliTies
on page 2,the Executive Commiltee (the|||
|members ofwhom are the trustees forthe purposes ofcharity law and the dkactors ofthe charitabl
company for||the|
|purposes ofcompany law) is msponsible forthe preparafion
ofthe financial statements
and fcrbeing satisfied that|||
|they give a true and fairview, and forsuch internal
corrhol asthe tmstees determine isnecessary toenable the|||
|preparation
offinancial statements
that are free fiom material misslalwnent,
whether due to fraud or error.|||
|In preparing
the financial statements,
the trustees am responsible
forassesrJng the company's
ability to continue||as a|
|going concern, disdosing, as applicable,
matters related to going concern and using the going concern basis of|||
|accounting
unless the trustees either stand to iiquidale the company m tocease
pealions, or have no malistic|||
|alternative
but todoso.|||
|Auditor'6
msponsibiliTies
forthe audit ofthe financiat statements|||
|Our objectives are to obtain reasonable assumnce about whether the fmancial siakenents asawhole are free trom|||
|material
misstatement,
whether due to fraud orerror, and to issue an auditoris report that includes our opinion.|||
|Reasonable assurance
isa high level ofassurance,
but is not 6guarantee
that an audit conducted
in accordance||with|
|ISAs (UK) will always detect a material misstatement
when
itexists. Aiisstatements
can arise from fraud orerror and
are considered
malarial
if, individuefiy
orin the~,they could reasonably beexpected to influence the
economic decisions ofusers taken on fite basis ofthese financial statement|||
|Irregularities,
induding
fraud, are instances ofnon-compliance
with laws and regNations. Wedesign pmcedures|in||
|line with our responsibiTilies,
outfined above, todetect material misstatements
in respect ofirregularities,
indu
ding
fraud. The extent towhich our procedures are capable ofdetecting
irregularities,
induding
fraud isdetailed below:|||
|The Charitable
Company
isrequired to comply with both company
law and charity law and, based on our knowledge|||
|ofits activities, we idenNied that the legal requirement
to comply with the Charity SORP was ofkey significance.|||
|We gained an understanding
ofhow fim charitable company complied with ils legal snd
egulatory
framework,|||
|including
the mquimment
toamply
with the Charity SORP, fiirough discusstons
with management
and a review|of||
|the documented
policies, procedures and controkc|||
|The audit team, srhich isexperienced
in the audit cfcharities, considered the charitable company's
susceptibility
material misstatement
and how Aaud may occur. Ourconst~ induded the risk ofmanagement
override.|to||
|Our approach was tocheck that all income was properly
identified
and accounted
for and toensure that only valid||and|
|appropriate
expenditure
was charged to charity's funds
This induded
mviewing
journal adjushnents
and unusual|||
|transactions,|||
|A further descripfron ofour responsibiTifiesfor
the auditof the financial
atemenls
is located on the Financial
Reporting
Council's website h:I
.frc.crg.uklaudilo
sresponsibilikes.
This description forms part ofour|||
|auditor's
report.|||
|Shoaib Amhad (Senior Satutoe Auditor)|||
|For and on behalf ofKnox Cropper LLP (Statutory Auditor)|||
|65Lesdsnhsp
Street, London, EC3A 2AD
18January 2024|||
|Knox Cropper LLP is etpilih tosctas auditor in teens cfsation I?12cfthe Companies
Act 2006.|||
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|(including
in|come a|nd expenditure
a|ccount)|||||
|---|---|---|---|---|---|---|---|
||||Note|Unrestrir dad|~|2023|2022|
|||||funds|funds|Totat|Total|
|||||FOOO|EOOO|EOOO|6000|
|Income||||||||
|Membership|i/ax/me|||52||52|100|
|Donations|and legacies|||188||188|66|
|Investment|income|||57||57|56|
|||||297||297|222|
|Charitable|activities|||||||
|Total||||||297|222|
|Expenditure||||||||
|Raising funds||||15||15|20|
|Charitable|activities|||||||
|Study groups||||178||178|176|
|Events|and sundry income|||||||
|||||178||178|176|
|Total||||193||193||
|||||104||||
|Net gains/(losses} on imreebnerds:||||||||
|Realised||||||||
|Unrealised||||(39)||(39)|(84)|
|Net income for ure year||||||65|(58)|
|Reconciliadon|offunds:|||||||
|Total funds brought forward||||2,125||2,125|2,183|
|Total funds carried forward||||2,190||2,190|2,125|
|All amounts recorded||in 2023comprise|unresIreted|funds||||
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||||Note|2023|2022|
|---|---|---|---|---|---|
|||||6000|FOOO|
|Cash flows fnnn operagng acgvmes||||||
|Net income forthe year||||||
|as shown
in statement ofgnancial adnrihes||on page 10|||(58)|
|Adjustments
for.||||||
|Distributions
and interest from investments|||4|(57)|(56)|
|Deprecisgon charges
Net (gains)/losses
on i vestmenm
(Increase)/decrease
in income tax~|||10
11
12|12|12|
|(Increase)/decrease
in legacy receivable|||12|(182)||
|(Increase)/decrease
in other debtors and|pmpaymenls||12|(2)|(11)|
|(Decrease)rmcrease
in subscrtplions
inadvance|||14|19|(21)|
|Increase/(decmsse)
in commilmeiri
under||pmperiy agreement|14|||
|Increase/(decrease)
in other credriors and||accruats|14||20)|
|Net cash provided
by/ (used in)
perating||actiwTies||(107)|(61)|
|Cash gown from invesgng acgviges||||||
|Distributions
and interest from inveslmenls|||4|57||
|Purchase oftangible fixed assets|||10|(9)||
|Sales/(
urchases) ofinvestments|||11|||
|Net cash provided
by l(used in) inveshng|arrihriges|||||
|Cash flows from gnancing acgviges||||||
|Repayments
ofborrowing||||||
|Net cash (used in) tnandng
acthribes||||||
|Change
in cash and cash eqimrahnns
in gm||year||(59)|(4)|
|Cash and cash equivalerris
atthe beginning ofthe year|||||130|
|Cash and cash equivalents atthe end eflhe||year|13|67|126|
|The noise on pages 13to 19 form part ofthese financial statements.||||||
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|NO|TES TOTHE FII4ANCIAL STATE4(tENTS FO|R THEYEAR ENDE|D 31AUGUST|2023||
|---|---|---|---|---|---|
|||Umesldcted|Resbicled|2023|2022|
|||funds|funds|Total|Total|
|||5000|EOOO|f000|EOOO|
|5|Income from charitable a tivities|||||
||Events and sundry income:|||||
||Easter conference|||||
||Outings
and concerts|||||
||Sundry income|||||
|8|Costs of raising fumbs|||||
||Payments
to other charities (see note 19)|6|||10|
||Publicity|1|||2|
||Support costs —see note 9(d)|8|||8|
|||15||15|20|
|7|Costs ofstudy gmups|||||
||Accommodation|125||125|132|
||Other direct costs|22||22|10|
||Support costs —see note 9(d)|31||31|34|
|||178||178|251|
|8|Costs ofevents and ofsundrtr income|||||
||Easter conference|||||
||Outings
and concerts|||||
||Sundry income|||||
||Support costs —see note 9(d)|||||
|9|Total expenditure
included:|||||
||(a) Rent and licence fees payable|||||
||Leased accommodation||||139|
||Licensed accommodation|||||
||Additional
accommodation|||||
|||||133|139|
||(b) Professional
charges|||||
||Payable tothe auditom|||||
||Comprising
charges
in connecbon
with:|||||
||Independent
audit|||||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||6000|f000|
|(d) Support costs|||||||
|Office accommodation||||||20|
|Depreciation ofoffice furniture||and equipment||||2|
|Communications|||||6|7|
|National
afliliation fees|||||7|7|
|Governance costs:|||||||
|Audit fee|||||||
|Other governance|costs||||||
|Other support costs|||||||
||||||39|42|
|Allocated as follows|—see note 1(c}:||||||
|Raising funds|||||8|8|
|Study gmups|||||31|34|
|Events snd sundry|income||||||
||||||39|42|
|Tangible Axed aeaete|||||||
||||Com piner|Other|2023|~202|
||||equipment|equipment|Total|Total|
|||||and fumltum|||
||||2000|6000|2000|2000|
|Cost|||||||
|Brought forward|||47|52||98|
|Disposals
in year|||||||
|Additions
in year|||||||
||||56|52|108|99|
|Depreciation|||||||
|Brought forward||||50||71|
|Disposals
in year|||||||
|Charge for year|||10||12||
|||||||80|
|Net book value|||||||
|at 31/08/2023|||16||16||
|Nst book va/us|||||||
|at 31/08/2022|||20|8|28|28|
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||No further expenditure
on tangible faced assets had been aulhorised
b|y the trustees at|31 August 202|3(2022:nil).|
|---|---|---|---|---|
||Tangible
fixed assets with an aggregate cost of E27,000 had been|fully depreciated|but remained|in use at 31|
||August 2023 (2022:E27,000).||||
||||2f)23|2022|
||||EOOO|EOOO|
|11|Investments||||
||Cost||1,981|2,065|
||Sold in year
Additions
Gains/(losses)||tw|~84|
||Market value||1,942|1,981|
||||Brought|Brought|Purctwsesr|Purctwsesr|Reafrsed|Unrealised|Gamed||
|---|---|---|---|---|---|---|---|---|---|---|
||||forward||(sakt)|inreer|gainf(lass)|gainl(loss)|forward||
|||||FOOO||EOOO|EOOO|EOOO|FOOO||
||Ethical Fund|||||||(5)|189||
||Investment|Fund||1,787||||(34)|1,753||
|||||1,981||||(39)|1,942||
|||2022||||||far)|2,020||
|12|Debtors and prapayments||||||||||
||Income tax|recoverable|||||||||
||Other debtors||||||||182||
||Prepayments||||||||17|15|
||||||||||199|15|
|13|Cash atbankandinhand||||||||||
||Current accounts and cash||in hand||||||57|116|
||Oemand
deposit||||||||10|10|
||||||||||67|126|
|14|Creditom|payable within one||year|||||||
||Membemhip|subscriptions|received|in advance|||||26||
||Other creditors and sccruals||||||||8||
|||||||||||16|
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|||||Tangible|invest-|Net cmvent|Finance|Total|
|---|---|---|---|---|---|---|---|---|
|||||fixed assets|ments|assets|lease|2023|
|||||5000|f000|FOOO|2000|f000|
|Unrestricted||funds|||||||
|General||fund||16|492|232||740|
|Designated|||funds||1,450|||1,450|
|||||16|1,942|232||2,190|
|Restricted funds|||||||||
|||||16|1,942|||2,190|
|36ovements||in un estricted funds|||||||
||||Balance at|income|Expenditure|Gains on||Balance at|
||||31August|||investmenls||31August|
||||2022|||||2023|
||||FOOO||FOOO|||FOOO|
|Generalfund|||||||||
||||675|297|(193)|(39)||740|
|Designated|funds||||||||
|See below|||1,450|||||1,450|
||||2,t25||(193)|(39)||2,190|
|||||||||2622|
|General fund|||733||(166)|(84)||675|
|Designated funds|||1,450|||||1,450|
||||2,183||(196)|(64)||2,125|
|Designated|funds||||||||
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|e and activities ofU3|A in Lon|don (seenote 6):|||
|---|---|---|---|---|
||||2023|2022|
||||EOOD|EOOO|
|The Hampstead
School ofArt|||0|2|
|The Keats Community|Library||2|2|
|The Primrose
Hill Community||Association|2|2|
|Maggie's Cancerkin|||2|2|
|Age UK Camden|||0|2|
||||6|10|
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