**REGISTERED COMPANY NUMBER: 02252246 (England and Wales) REGISTERED CHARITY NUMBER: 299362** ## **Trustees' Report and** **Unaudited Financial Statements for the Year Ended 31st March 2025** **for** **ETHIOPIAN COMMUNITY IN BRITAIN (A Company Limited by Guarantee)** TaxAssist Accountants 1 Rosemont Road London NW3 6NG **ETHIOPIAN COMMUNITY IN BRITAIN** **Contents of the Financial Statements for the Year Ended 31st March 2025** **----- Start of picture text -----**
Page
Reference and administrative details 1
Trustees' report 2 to 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6 to 7
Notes to the financial statements 8 to 12
Detailed statement of financial activities 13
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**ETHIOPIAN COMMUNITY IN BRITAIN** **Reference and Administrative Details for the Year Ended 31st March 2025** |**Trustees**|Y G Girmay| |---|---| ||M Addisalem| ||R Asfaw| ||T D Asfaw| ||B Dagne| ||B Gebretsadik| ||H Kebede Kassa| ||Dr J Gosaye| ||A Gougsa| ||A Theodros| |**Company secretaries**|S Mengistu| ||M Wossene| |**Registered office**|2a Lithos Road,| ||London| ||NW3 6EF| |**Registered company number**|02252246 (England and Wales)| |**Registered charity number**|299362| |**Independent examiner**|TaxAssist Accountants| ||1 Rosemont Road| ||London| ||NW3 6NG| Page 1 **ETHIOPIAN COMMUNITY IN BRITAIN** **for the Year Ended 31st March 2025** ## **Trustees' Report** 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 year ended 31st March 2025. 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** ## **Role** The objectives for which the Charity established are:- i) To relieve persons from Ethiopia and other communities who are in condition of need, hardship and distress. ii) To promote the advancement of education, training and employment amongst persons from Ethiopia and members of other communities. iii) Provide facilities for recreation and organized leisure time activities in the interest of social welfare and with the object of improving the conditions of life for Ethiopians and members of other communities. ## **Significant activities** Members of the Management and the Board of Trustees and Directors are set out on page 1. The Directors do not have any interest, which are required to be disclosed under the Companies Act 2006. No material contracts subsided during the period in which any Director had an interest. ## **Financial review** ## **Review Of Activities And Future Developments** 1. The Board reviewed the Strategy Documents that highlights the company’s core objectives; defined major activities and set expected outcomes for the year and allocated and required funds. 2. Provided information, advice, counselling, advocacy, signposting, guidance and support services on housing, welfare rights, health, education, training, employment, immigration and asylum, naturalisation, citizenship and nationality to new and settled clients. 3. Delivered interpretation, translation, filling in different forms on clients’ behalf, accompanying clients to the different service centres, identified clients to the HO for purposes of naturalisation, wrote referrals and letters of support for different clients for different circumstantial needs. 4. Provided client specific services to older people, young people, women disabled people and unemployed clients and people with mental health problems. 5. Organised different social events, in-door activities and outings for the different client groups. 6. Our efforts in raising funds from different sources has not been at all successful 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 centre has been renewed for another term. 9. A fundraising has been organised in May 2014 from which a very satisfactory result has been achieved. 10. The ‘Power if Old Refugees’ which has been delayed due it difficulties 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 giving us a 25% rent relief. 12. During the year nothing has been received from the John Lyon’s charity for a Home work support project. Page 2 **ETHIOPIAN COMMUNITY IN BRITAIN** **for the Year Ended 31st March 2025** ## **Trustees' Report** ## **Structure, governance and management** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Charity constitution** The Association is a Company limited by guarantee and not having a share capital, incorporated in England and Wales under Registration No. 2252246 and is governed by its Memorandum and Articles of Association, which has not been amended. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ‘| 2025 2024
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Fund Raising & Other Income 2 68,622 52,369
Investment income 3 - 24
Other income 1,600 -
Total 70,222 52,393
Expenditure on
Charitable activities
Charitable 58,341 73,468
Other 192 1,441
Total 58,533 74,909
NET INCOME/(EXPENDITURE) 11,689 (22,516)
Reconciliation of funds
Total funds brought forward 4,509 27,025
Total funds carried forward 16,198 4,509
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The notes form part of these financial statements Page 5 **ETHIOPIAN COMMUNITY IN BRITAIN** ## **Balance Sheet** ## **31st March 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Tangible assets 7 576 768
Social investments 8 2,000 2,000
2,576 2,768
Current assets
Debtors 9 4,450 1,950
Cash at bank and in hand 11,032 1,591
15,482 3,541
Creditors
Amounts falling due within one year 10 (1,860) (1,800)
Net current assets 13,622 1,741
Total assets less current liabilities 16,198 4,509
NET ASSETS 16,198 4,509
Funds 11
Unrestricted funds 16,198 4,509
Total funds 16,198 4,509
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 6 **ETHIOPIAN COMMUNITY IN BRITAIN** ## **Balance Sheet - continued** ## **31st March 2025** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. signed on its behalf by: and were ............................................. H Kebede Kassa - Trustee The notes form part of these financial statements Page 7 **ETHIOPIAN COMMUNITY IN BRITAIN** **Notes to the Financial Statements for the Year Ended 31st March 2025** ## **1. Accounting policies** ## **Basis of preparing the financial statements** The financial statements of the charitable company, 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 Companies Act 2006. 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. ## **Taxation** The charity is exempt from corporation 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. **2. Fund raising & other income** |Rental Income
Membership fee
Donation - City of London
Grant|**2025**
**£**
12,217
2,124
30,736
23,545
68,622|**2024**
**£**
38,329
1,126
7,224
5,690
52,369| |---|---|---| continued... Page 8 **ETHIOPIAN COMMUNITY IN BRITAIN** **Notes to the Financial Statements - continued for the Year Ended 31st March 2025** ## **3. Investment income** |**Investment income**|| |---|---| |Interest receivable|**2025**
**2024**
**£**
**£**
-
24| |**Net income/(expenditure)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2025**
**2024**
**£**
**£**
192
256| ## **4. Net income/(expenditure)** ## **5. Trustees' remuneration and benefits** There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. ## **6. Comparatives for the statement of financial activities** |**Unrestricted**
**fund**
**£**
**Income and endowments from**
Fund Raising & Other Income
52,369
Investment income
24| |---| |**Total**
52,393| |**Expenditure on**
**Charitable activities**
Charitable
73,468
Other
1,441| |**Total**
74,909| |**NET INCOME/(EXPENDITURE)**
(22,516)
**Reconciliation of funds**
Total funds brought forward
27,025| |**Total funds carried forward**
4,509| continued... Page 9 **ETHIOPIAN COMMUNITY IN BRITAIN** **Notes to the Financial Statements - continued for the Year Ended 31st March 2025** **----- Start of picture text -----**
7. Tangible fixed assets
Plant and
machinery
£
Cost
At 1st April 2024 and 31st March 2025 1,821
Depreciation
At 1st April 2024 1,053
Charge for year 192
At 31st March 2025 1,245
Net book value
At 31st March 2025 576
At 31st March 2024 768
8. Social investments
Other
investments
£
Market value
At 1st April 2024 and 31st March 2025 2,000
Net book value
At 31st March 2025 2,000
At 31st March 2024 2,000
9. Debtors: amounts falling due within one year
2025 2024
£ £
Other debtors 1,950 1,950
-
Prepayments 2,500
4,450 1,950
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continued... Page 10 **ETHIOPIAN COMMUNITY IN BRITAIN** **Notes to the Financial Statements - continued for the Year Ended 31st March 2025** ## **10. Creditors: amounts falling due within one year** |**10.**
**Creditors: amounts falling due within one year**||| |---|---|---| |Rent Deposit
Accrued expenses|**2025**
**£**
600
1,260|**2024**
**£**
600
1,200| ||1,860|1,800| |**11.**
**Movement in funds**
**At 1/4/24**
**£**
**Unrestricted funds**
General fund
4,509|**Net**
**movement**
**in funds**
**£**
11,689|**At**
**31/3/25**
**£**
16,198| |**TOTAL FUNDS**
4,509|11,689|16,198| |Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
70,222|**Resources**
**expended**
**£**
(58,533)|**Movement**
**in funds**
**£**
11,689| |**TOTAL FUNDS**
70,222|(58,533)|11,689| |**Comparatives for movement in funds**
**At 1/4/23**
**£**
**Unrestricted funds**
General fund
27,025|**Net**
**movement**
**in funds**
**£**
(22,516)|**At**
**31/3/24**
**£**
4,509| |**TOTAL FUNDS**
27,025|(22,516)|4,509| continued... Page 11 **ETHIOPIAN COMMUNITY IN BRITAIN** **Notes to the Financial Statements - continued for the Year Ended 31st March 2025** ## **11. Movement in funds - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
52,393
(74,909)|**Movement**
**in funds**
**£**
(22,516)| |---|---|---| |**TOTAL FUNDS**|52,393
(74,909)|(22,516)| A current year 12 months and prior year 12 months combined position is as follows: |**At 1/4/23**
**£**
**Unrestricted funds**
General fund
27,025|**Net**
**movement**
**At**
**in funds**
**31/3/25**
**£**
**£**
(10,827)
16,198| |---|---| |**TOTAL FUNDS**
27,025|(10,827)
16,198| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
122,615
(133,442)|**Movement**
**in funds**
**£**
(10,827)| |---|---|---| |**TOTAL FUNDS**|122,615
(133,442)|(10,827)| ## **12. Related party disclosures** There were no related party transactions for the year ended 31st March 2025. Page 12 **ETHIOPIAN COMMUNITY IN BRITAIN** ## **Detailed Statement of Financial Activities** ## **for the Year Ended 31st March 2025** **----- Start of picture text -----**
2025 2024
£ £
Income and endowments
Fund Raising & Other Income
Rental Income 12,217 38,329
Membership fee 2,124 1,126
Donation - City of London 30,736 7,224
Grant 23,545 5,690
68,622 52,369
Investment income
Interest receivable - 24
Other income
-
No description 1,600
Total incoming resources 70,222 52,393
Expenditure
Other
Other direct costs - 1,185
Plant and machinery 192 256
192 1,441
Support costs
Other
Wages 15,249 19,159
Rent re operating leases 30,000 30,000
Insurance 631 605
Light and heat 7,340 14,172
Telephone 497 654
Rates 1,513 1,925
Sundries - 340
Repairs and maintenance 641 4,417
Subsistence 96 -
Computer running costs - 119
Accountancy 1,260 1,200
Cleaning 1,108 822
Postage and stationery 6 55
58,341 73,468
Total resources expended 58,533 74,909
Net income/(expenditure) 11,689 (22,516)
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This page does not form part of the statutory financial statements Page 13