REGISTERED COMPANY NUMBER: 02252246 IEn8land and Wales) REGIERE0 CHARifi NUMBER: 299362 Trustees, Re ortand Unaudited Financial Statements lor the Y ar Ended 31 March 20 HIOPIAN COMMUNITY IN BRITAIN Acom an Limited b Guarantee TaxAssist Accountants l Rosemont Road London NW3NG
HIOPIAN CO muNy IN BRITAIN Contents of the Flnancial Statements for the Year Ended 31 March 2024 Pa8e Referen and Administrative Details rrustee5' Report Independer*t Examlnerf5 ReFrt Statsment of Flnanclal Artr¥lt5Ès Balance Sheet Notes to the Flnancial Statements 8 to 12 Detailed Statement of Financial Actlvths 13
EfHIOPtAN COMMUNITY IN BRITAIN Reference arKI Admlnlstrative Detalls for the Year Ended 31 March 2024 Trustees Y Gebremedhin Girmay M Addisalem R Asfaw T Demelash Asfaw B Dagne B Gebretsadik H Kebede Kassa Dr. J Gosaye A Gougsa A Theodros Company secretsrles M Wossene S menstU Reglstered office 2a Lithos Ro3d London Coley NW3 6EF Registered company number 02252246 (England arnd Wales) Re8i5tered charity number 299362 Indepertdent examiner TaxAsslst Accauntsnts l Rosemont Road London NW3NG Page I
EThIOPIAN COMMUNrtY IN 8RJTAIN Trustee5' Re ort for the Year Ended 31 March 2024 The trustees who are also direttors of the charity for the purposes of the Companies Act 2006, present thelr report with the financial Statements of the charity ftsr the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recomrnended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. Objecttves and adlvities Role The oblettives forwhich the Charity established are:_ 11 ro relieve persons from Ethlopia and othercommunities who are in condition of need. hardship and distress. 11 To promote the acfvancement of education, training and employment amongst persons from Ethiopia and members of other communities. iiil Provlde facilities for recreation and organized leisure tlme activities in the interest of social wetfare and with the object of improving the conditions of life for Ethiopians and members of other communtties. SlgnFficant act5vltiÈs Members of the Management and the Board of Trustees and Directors are Set out on page l. The Direttors do not have any interest, which are required to be di5clo5ed under the Companies Art 26. No material tgntracts subsided durin8 the period in whlch anv Director had an interest. nanclal review Review OfArtivltles And Future Developments l. The Board reviewed the Strategy Documents that highlights the companws ¢ore objertives,. deflned major a¢tyvities and set expected outcomes for the year and allocated and required funds. 2. Provided information, advice. counselling, advocaLy, Si8npostin& guidance 3nd support 5eTvices on housing, welfare rights, health. education, trainin& employment. immigration and asylum, natLFrali5ation, citizenship and nationality to new and settled clients. 3. Delivered interpretation. trdn51ation, filling in different forms on clients. behalf, accompanying clients to the different service centres, identified clients to the HO for purposes of naturalisatlon, Wfote referrals and letters of support for different clrents for different circumstantial needs. 4. Provided client specific services to older people, young people, women dlsabled people and unemployed clients and people with mental health problems. 5. OTganlsed different social events, in-door attiwties and outin85 forthe dlfferent client groups. 6. Our efft>rts in raising funds from drfferent sources has not been at all suc$Sful still. 7. Thanks to the London Borough of Camden Council for allowing us to let part of the office income to generate some income to help us run the services. 8. As usual the lease agreement for the ntre has been renewed for anotherterm. 9. A fundraising has been or8anised In May 2014 from whlch a very satisfa¢tory srt ha5 been a¢hieved. 10. The 'Power if Old Refu8ee< which has been delayed due it difficultie5 beyond the community has been completed to the satisfaction of the funder and reported. 11. We would also like to thank Camden Council for their Considered support in glvlng us a 25% rent relief. 12. Duringthe year nothing has been reoived from the John Lyon's charity for a Home work support project. Page 2
ETHIOPIAN COMMUNifi IN BRITAIN Trustees, Re r the Year Ended 31 Marth 2024 Structure. governance and management Governing document The charity is controlled by its Bovernin8 document, o deed of trusL and constitutes a limited company, Ilmlted by guarantee, as defined by the Companies Act 2006. Charlty constitlrtion The A550ciation 15 a Company Ilry)ited by Buarantee and not having a share capital, incorporated in England and Wales under Registration No. 2252246 and is governed by its Memorandum and Article5 of As50ciatlon, which has not been amended. Approved by order of the board of trustees on... and signed on its behalf by.. H Kebede Kassa- Trustee Page 3
Inde ndent Examinees Re ort to the Trnstees of ETHIOPIAN COMMUNifi IN 8RITAIN Independent examiner's report to the tfU5tees of ETHIOPIAN COMMUNITY IN BRtrpJN Ilhe Company'l I report to the charity trustee5 ors my examination of the accounts of the Company forthe yearended 31 March 2024. Responsibilities and basls of report As the charity's tTUStees of the Company land also its d1CtorS for the purposes of tompany lawl you are responsible for the preparation of the accounts in accordan with the requirements of the Companie5 Act 20061'the 2006 Act'l. Hawng satisfied myself that the accounts of the Company are rnot requSred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of your charity's accounts 35 carried out under Section 145 of the Charities Act 2011 l*he 2DII Artl. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 14515) Ibl of the 2011 Act. Independent examiner's statèment I have completed my examination. I confirm that no matters have come to my attentlon in connection with the examinatlon giving me cause to believe.. accounting record5 were not kept in respect of the Company as required by Settion 386 of the 2006 Act,. or the accounts do not accord with those records.. or the accounts do not camply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a tnje and fairview which is not a matter consldered as part of an independent examination,. or the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to tharitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have tome across rio other matters in connection with the examlnation to which attention should be drawn in thts report in order to enable a proper understanding of the accounts to be reached. TaxAssist At¢ountants l Rosemont Road London NW3NG Page 4
EThIOPIAN COMMUNifi IN BRITAIN Statement ol Flnanclal Actl¥lties for the Year Ended 31 March 2024 2024 Unrestricted fvnd 2023 Total funds Notes Income and endowments from Fund Raising & Other In¢ome Investment income Other income 52.369 24 76,472 14 1,950 Totsl 52,393 78,436 Expendhure on Charitable artivities Chafitable 73,468 76,526 Other 1,441 3,853 Total 74,909 80,379 NET INCOMEIIEXPENDITURE) 122,5161 11,9431 Reconclllatlon of funds Total funds brou8ht forward 27,025 28.968 Totsl funds ¢arrfed lorwa 4.509 27.025 The notes form part of these financial statements Page 5
ETHIOPIAN COMMUNifi IN BRITAIN Balance Sheet 31 March 20 2024 Unrestrlcted fund 2023 Total funds Notes Flxed a55ets Tangible assets Social investments 1,024 2,(K)O 2.1YJO 2,768 3,D24 Current assets Debtors Cash at bank and In hand 1,950 1,591 9,419 24.046 3,541 33,465 CredJtoTs Amounts falling due within one year io 11,8001 19,4641 Net current assèts 1,741 24,001 Total a55ets less current liabllities 4,509 27,025 NET ASSETS 4,509 27,025 Funds Unrestritted fvnds li 4,509 27,025 Total fund5 4,509 27.025 The charitable compèny is entitled to exemption from audit under Section 477 of the Companies A¢t 2Lh)6 for the year ended 31 March 2024. The members havè not required the company to obtain an audlt of its financial statements for the year ended 31 March 2024 in accordance wlth Section 476 ofthe Companies Act 2006. The trustees acknowledge thelr responsibilities for ensuring that the charitsble company keeps accounting recoid5 that comply with Section5 386 and 387 01 the Companies Act 2006 and preparing flnanclal statements which give a true and fair view of the state of affairs of the charitable company as at the end of Èach financial year and of its surplus or deficit for each financial year in accordance with the requireEnents of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial ststement5, 50 far as applicable to the charitable company. Ibl The notes form part of these financial statements Page 6 continued...
ETHIOPIAN COMMUNITY IN BRITAIN Balance Sheet- continued 31 March 2024 These financial Statements have been prepared in at¢ordance wlth the provision5 applicable to charitable companies subject to the small companies regime. The financial ststements were approved by the 8oard of Trustees and authorised for Issue on signed on its behalf by: and were bede Kassa- Trustee M Alemayehu- Trustee The notes form parr of these financial statements Page 7
ETHIOPIAN COMMUNifi IN BRITAIN Notes to the Financial Statements e Year Ended 31 March 2024 Accounting pollc5es Basls of preparfngthe financlal statèments The financial 5tstements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared in accordantÈ with the Charities 50RP IFRS 1021 'Ac¢ounting and Reporting by Charities.. Statement of Recommended Practice appliG4ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Iland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Intome All income Is retognised in the Statement of Flnancial Activities once the charity ha5 entitlement to the funds, it is probable that the income will be receNed and the amount can be n7easured reliably. Expendlture Liabilities are reco8nised as expendlture as soon as there is 3 legal or constructive obligation Commltting the charlty to that expendlture, it is probable that a transfer of econtsmic benefrts will be required in setdement and the amount of the obligation can be measured reliably. Expendiwre is accounted for on an accruals basi5 and has been classlfied under headings that aggregate 311 cost related to the cate80ry. Where costs cannot be directty attributed to particular headings they have been allocated to activicies on a basi5 consistent with the use of resources. Taxation The chafjty 15 exempt from corporation tax on tts charitable activities. Fund accountln8 Unrestrlcted funds can be used in accordance with the charitable objectives at the discretion of the trustee5. Restricted fund5 can only be used for particular restrirted puiposes wlthin 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 finantial statemèrnts. Fund ra5slng& other income 2024 Z023 Rental Income Membershlp fee Donation - City of London Donation- Other Grant 38,329 1,126 7,224 43.249 372 5,690 2.161 25,000 5,690 52.369 76,472 Page 8 continued...
EfHIOPIAN COMMUNITY IN BRFfAJN Notes to the Flnan¢ial Statements- continued for the Year Ended 31 March 2024 Inve5trnent income 2024 2023 Interest receivable 24 14 Net Incomellexpendtturel Net incomellexpenditurel is stated after charginpJlcreditingl-. 2024 2023 Depreciatlon- owned assets 256 342 Trustees. remuneratlon and benefits There were no trustees, remuneration or other benefits for the yèar ended 31 March 2024 nor for the year ended 31 March 2023. Trusiees, expenses There were no trustees, expenses paid for the year ended 31 Mar¢h 2024 nor for the year ended 31 Mar¢h 2023. Comparatives forthe statement of financlal actlvltles fund Income and endowments from Fund RalsSng & Other Income Investment income Other Income 76.472 14 1,950 Totsl 78,436 E¥pendsturè on Charitable actl¥5tles Charitable 76,526 other 3,8S3 Totsl 80,379 NET INCOMVIEXPENDITUREI 11,9431 Reconciliation of funds Total funds brought forward 28,968 Total fvnds £arried forward 27,025 Page 9 torstinued...
ETHIOPIAN COMMUNITY IN BRAIN Notes to the Financial Statements- contlnued ftsr the Year Ended 31 March 2024 Tangible fixed 455ets Plant and machlnÈry Cost At l April 2023 and 31 March 2024 1.821 Depreclatlon At l April 2023 Charge foryear 797 256 At 31 March 2024 1,053 Net book value At 31 March 2024 At 31 March 2023 1,024 Soclal investmtnts Other investments Market value At l April 2023 and 31 March 2024 2,C(10 Net book Value At 31 March 2024 At 31 March 2023 2,QAJO Debtors: amounts falling due withln one ar 2024 2023 Other debtors Prepayments and accrued income 1,950 2,419 7,CX)O 1,950 9,419 Page 10 continued...
ETHIOPIAN COMMUNITY IN BRITAIN Notès tg the Financial Statements- contlnued for the Year Ended 31 M r¢h 2024 Credltor5: amounts falllng duè wlthin gne year 2024 2023 Trade creditor5 Rent Deposit Accrued expenses 7,737 1,200 1.127 1.800 9,464 ii. Movement In funds Net movement In funds At 3113124 At 114123 Unre5trtLted funds General fund 27.025 122,5161 4,509 TOTAL FUNDS 27,025 122,5161 Net movement in funds, induded in the above are as follows.. Incomlng resour$ Resources eKpended Movèment in funds Unrestrf¢ied fvnd5 General fund 52.393 174,9091 122,5161 TOTAL FUNDS 52.393 174.9091 122,5161 Comparatives for movement in funds Net movement In funds At 3V3123 At 114122 Unrestricted fund5 General fund 28,968 11,9431 27,025 TOTAL FUNDS 28.968 11,9431 27.025 Page 11 continued...
ETHIOPIAN COMMUNITY IN BRITAIN Notes to the Financial Statements- contlnued for the Year End 31 March 2024 ii. Movement In funds- continued Comparative net movement in funds, included in the above are as follows-. Incomln8 resour5 Resources expended Movement In ftsnds Unrestrlcted firrH15 General fund 78,436 180.3791 11,9431 TOTAL FUNDS 78,436 180,3791 11.9431 A turrent year 12 months and prioryear 12 months combined position is as follows.. Net movement In funds At 3113124 At V4122 Unrestricted funds General fund 28,968 124,4591 4,509 TOTAL FUNDS 28,968 124.4591 4,509 A current year 12 months and prioryear 12 months combined net movement in funds, included In the above are as follow5.. Incomlng resources Resources empended Movement in funds Unrestrfcted funds General fund 130,829 IIS5,2881 124,4591 TOTAL FUNDS 130,829 11SS.2881 124,4591 li Related party disdosures There were no related party transactions forthe year ended 31 March 2024. Page 12
EfHIOPIAN COMMUNITY IN BRITAI Detailed Statement of Financial Activitie5 for the Year Ended 31 March 2024 2024 2023 Income and endowments Fund Raising & Other Incomè Rentsl Income Membership fee Donation- Clty of London Oonation- Other Grant 38.329 1,126 7,224 43,249 372 5.690 2,161 25,000 5,690 52,369 76,472 Investment income Interest receivable 24 14 other income Sundry income 1.950 Totsl Incoming resoLrr¢es 52,393 78,436 Empenditure Other Other direct costs Plant and machinery 1,185 256 3,511 342 1,441 3,853 Support costs Other Wages Rent re operating leasès Insurance Light and heat Telephone Rates Sundrie5 Repairs and maintenance Cornputer running costs Legal and prtsf fees AccountanLy Cleaning Postage and ststionery 19,159 30,000 605 14,172 654 1,925 340 4,417 119 16.368 30,OCMJ 576 12.746 657 7,616 180 3.218 62 1,339 1.128 1.324 1,312 1,200 822 55 73.468 76,526 Total resources expended 74,909 80,379 Net expendlture 122,5161 11.9431 This page dc*es not form part of the ststlrtory financial statements Page 13