COMPANY REGISTRATION NUMBER: 2450405 CHARITY REGISTRATION NUMBER: 802735 The Arab Educational and Cultural Forum Company Limited by Guarantee Unaudited Financial Statements 31 August 2022 R C PATEL FCA FCCA Charted Accountant 7 Redbridge Lane East Redbridge. Ilford Essex IG4 SET
The Arab Educational and Cultural Forum Company Limited by Guarantee Financial Statements Year ended 31 August 2022 Page Trustees, annual report lincorporaling the director's report) Independent examiner's report lo the trustees Statement of Iinanci81 activities {including income and expenditure account) S18temenl of financial wsition Notes lo the financi81 slalements
The Arab Educational and Cultural Forum Company Llmited by Guarantee Trustees, Annual Rgport Iln¢orporating the DIrocto$ Reporti Year 9nded 31 August 2022 The tees, who are 31s0 th¢ directors for the purposes of company law. present their report And the ut)audit¢d financial stat¢ments of the charity for the year ¢nded 31 Au8USt 2022. R¢fer¢nte and admintstrntive details Registered charity llRme The Arab Edu¢ational and Cultural F¢)rum Ch4rity registr*tlon number 802735 Company registr8tioN nllmber 2450405 PrincipAI Olee and i'egistered offJc¢ 29 Lings Coppice London SE218SY The trustees D S Al-Falaki Mrs l Auchi Company secrgtary D S Al-Falaki Independènt examlner R C Patel. FCA FCCA 7 Redbridge Lane East Redbridge, Ilford Essex IG4 SET Structilf¢i governance mgnagement Governing Ilocument The Arab Edurational and Cultural Forum is a company limited by guarantee govern¢d by its M¢morandutn and Articles of A550¢lltion dated 29 Novembe¥ 1989. It is r¢gistered a5 a ¢harity with th¢ Charity Conunission. Appolntmeiit of trustees Truste¢s' appointments are govem¢d by the Arti¢l¢s of Association a5 are tem]ination5 of trust¢¢ship. Recominenda¢ion and selection of trustecs 15 the responsibility of tli¢ board. Trustee induction and trAiniiJg New trustees are briefed on their l¢gal obli8ations under charity And ¢ompany 13w, the coiiteDt of the Memoranduin and Arti¢les of Association, th¢ committ¢e and the de¢ision makiiig presSeS and r¢¢ent and proje¢led financial performance of the charity. OrgAiiis#tlo The board of truste¢s administers the charity. The board meets regularly during th¢ year. The day ¢0 day operations of the cliarity are managed by senior employees.
The Arab Educational and Cultural Forum Company Llmlted by Guaranto0 Trustees. Annual Report Ilncorporating the Dlrectorfs Roportl (continuedj Year ended 31 August 2022 Sti'ucturey governaiice maiiAgement (coitilptiiedl Ri51( Manxgem¢n¢ The trustees carTy oui ali annual review of tl)¢ Tisks the cliarity Inay face and are 5atlsfied that systems are in plac¢ to monitor and coiitrol these risks to mitigate any impact they may have on th¢ Charity in th¢ future. Obje¢tlv¢$ gnd Activities Tlie Objects of the Charity are the advancement of public education iii Arab languag4 literature. history and cultural heritage and idejitity. Achievements Rnd performance The Charity has Continued to opeyate its ArAbi¢ school in the London Ar¢a catering for a large number of pupils. Finaneial review Tlie CliaTity sutTered a defLCIt of £9,121 (2021 deficit . £8,296) for the year and had a¢cumulaied reserves of £81,372 (2021 £90,492) at 3 1 August 2022. Rts¢rves It is the policy of the Chai'ity to build up the UTtreslri¢ted funds to a level ¢quivalent to betHr¢n six and twelve illonths, ex]nditure including giynts. The triistees consider that the reserves at this level will ensure that, in the event of a significant drop in fundinglincome, they will be able to continue the Charity's current activiti¢s wliile considei'atioii is given to ways iii whicl) additional fund5 n)ay be i?i$ed. Plans for futiire ppriods ie cliarity does not at)ticipate any change in its operations aiid expects to contitlue with its activities and objectives as defined in its governing documcnt. Sniall comp#tty provisions Tliis report has been prepared in accordance with th¢ provLSIOII5 appli¢able to companies ¢ntitled to the small conipaiii¢s exemptioi). The tru5tees' annual report wa5 approved on ......... ls and signed on behalf of the board of tNstees by.. MTS l Au¢hi DiTe¢toi'
The Arab Educational and Cultural Forum Company Llmlted by Guarant98 Independent Examlnerf$ Raport to the Trustees of The Arab Educational and Cultural Forum Year ended 31 August 2022 I report to the Inl¢eS on my examination of the finan¢ial statement5 of The Arab Educational and Cultural Forum {Ihe ¢harity') for the year ended 31 August 2022. Re5ponsibilitl¢s bAsis of report Tlie iruslees are also th¢ diJrctor5 of the conip8ny for the purpos¢s of company law are responsible for ilie prepar2tion of the financial statemcnts. The truste¢s ¢onsid¢r that an audkt is not required for this year under section 144(2} of the Cliarities Act 2011 (the 2011 A¢t) aiid that an independent examirtation 15 heeded. H8ving sat15fied myself that the charity is not subject to audit under company law and is eligible for indep¢nd¢DI exwninalioEL li is my responsib&lity tts.. ¢xamine the accounts under seciion 145 of the 2011 Act. to follow the procedures laid down in the general Directions giv¢n by the Charity Commission under s¢ction 145(5)(b} of tlie 2011 Act., and to S12te whether particular matters have ¢om¢ to my atteniion. Indepertdeiit ¢%MMIer'S 5tatem¢nt I have completed my examination. l ¢onfiJrn that no matters have come to my &ttet)tion in ¢ODn¢ction with the examination giving n)e ¢aus¢ to believe.. accounting records wer¢ not kept in respect of the cl)arity as required by section 386 of the 2006 Act- or th¢ financial statements do not accord widi those records. or the financial statements do not comply with tli¢ out)ling r¢quiremeiils of section 396 of th¢ 2006 Act other than any requireineiit t]18t the accounts give a 'tLue and fair, view which is not & matter con5ideFed as part of an iiidependent examinatioi). or the fiiiancial statements l)ave i)ot been pr¢pared in accordance with th¢ methods aiid principles of the Statement of Recomin¢nded Practice for a¢¢ountinLI ai)d reporttiig by charities spplscable to ¢harities preparing their accounts in accordance witli the Financial Reportin8 Standard applicable in the UK and Republic of Irelaiid IFRS 102). I have no concerns and have ¢ome across no other matter5 in connection wtth the ¢xamination to iyhich att¢iition should be drawli in tliis reporl in order to eiiabl¢ a proper undeTStanding of the a¢¢ovnts to be rea¢h¢d. R C Patel, FCA FCCA Independent Examiner 7 Redbridge Laiie East Redbridge, Ilford Essex IG4 SET
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The Arab Educational and Cultural Forum Company LlmStèd by Guaranteo Statemént of Financlal A¢tlvlties lincludlng Income and expend5turo account) Year ended 31 August 2022 2022 Unrestricted fuiids 2021 Totxl funds Total funds Note Income hnd eudowments Charitable actLVlties Investment income 65,969 27 65,969 27 43,937 TotAI income 65,996 65,996 43,948 Expenditur¢ Expenditure on ¢liar¢table activities TDt#l ¢xpenditure 75,117 75,117 52,244 75,117 75,] 17 52,244 Net exp¢nditllre Det movem¢nt in fullds {9, 1211 (9.1211 (8.296) Reconciliatioii of funds Total fuiids brouglit forward Tot#1 funds carried forward 90.493 90,493 98,789 81,372 81.372 90,493 The statement of finala[ activities in¢lud¢s all gain5 and losses r¢¢ogniscd in thc year. All inconie and expenditur¢ derive froin Continuing activities. The notes on pag&$ 6 to 11 form part of these flnanclal statements.
The Arab Educational and Cultural Forum Company Llmlt&d by Guarant•e Statement of Flnanclal Posltlon 31 August 2022 2022 2021 Note Fixed assets Tangible fixed assets 14 632 1,166 CurreKt a55et$ Stocks Cash at bank and in hand 15 4,000 77,870 8,137 83,250 81,870 91.387 Ci'¢ditors: RmouNts falling due thin on¢ year Net eurrent Assets 16 1,130 2,060 80,740 89,327 TotAI a5set5 l¢ss ¢ui'rent liabilities 81,372 90,493 Net auets 81,372 90,493 Funds of the eharity Unrestricted funds 81.372 90,493 TolAI ehai'lty fuiid5 17 81,372 90,493 For the year ending 31 August 2022 the ¢harity wa5 entitled to ¢xemption from audit under s¢etion 477 of tl)¢ Companies Act 2006 relating to small companies. Director5, responsibilsties.. Th¢ meinbers have not required the company to obtain an aiidit of its financial statements for the year in question in accordaiic¢ witli section 476. The dire¢tors acknowledge their sPOnSibl]It1eS ¢omplying with the requirement5 of the Act with respect to accounting records and the preparation of financial statements. Tli¢se financial stateinents l)ave been prepared in a¢cordance with the provisions applicable to ¢ompanie5 subje¢t to the small ¢onipanie5' regime. These fii)aiirial $tatemeJits were approv¢d by the board of trustees and authoi'ised for issue on and are siwied oi) bel)alf of the boaTd by.. Mrs l Auchi Director Tho notes on payos 6 to 11 form part of the$0 financlal statgments.
The Arab Educational and Cultural Forum Company Llmlted by Guarantee Note8 to tho Financial Statements Year ended 31 August 2022 GenerAI informatiou The charity is a publtc benefit ¢niity and a private CnpanY liimited by guarantee, registered in England and Wales and a registered cliarity iii England and Wales. The address Of ihe registered office is 29 LiMg5 Coppic¢. Loiidort SE218SY. Stateme¢ ofconipliance These fit]ancial staiements have been prepated in compliance willi FRS 102, 'The Finanrial R¢porting Standard applicable itl ihe UK wid the Republic of Ir¢140d', the Statemcnt of Rc¢ommei)ded Pracli¢e applicable to charitie5 pIEparing tljeir accounts in accolanCe with the Finatscial Reporting Standard applicable in tl)e UK and Republic of Irelat)d (FR5 102) (Charities SORP (FRS 102)) and the Coinpaiiies Act 2006. A¢countÉDg policies BAsi5 of prepAI'atlon The financial 5tateLnents have been prepared on the historical ¢ost basis, as inodifi¢d by the revaluation of ¢¢nain financ5al assets and liabiliti¢s and investinent properties measured at fair valu¢ through income or exp¢nditu¥e. The financial statements are pPared in sterlin& whi¢h is the functional ¢urrency of the entity. Going concerii While tliere was a d¢ftciL of £9,121 for the Current year (2001 defIcit £8,296), the Charity hAS r¢s¢rve5 of £81,372. b) the opii)ion of the trustee5. there aTe no mat¢rial urtctttainties about the Charity's ability to continue for the foreseeable fi]ture. Judge¢]1¢5 #nd key source5 of e5tirnatlon Mthc¢rtAinty Ti)e preparation of th¢ financial slaleinents requires management to mak¢ judgements. estimates &nd assumptioiis tliat affert tlie amounts reported. These estimate5 2nd judgemeiits are coiitinually reviewed and arc based oli experiei)ce and other factOTS, including ¢xp¢ctations of rUre evejits that aTe believed to be reasonable undcr the 0srcumsiaii¢¢s. Fund accouthting Unrestricted fund5 are available for use at tlie discretion of the trustees to further any of the chdrity's purposes. Designated funds are unrestricted funds eamiarked by the tvus¢¢¢s for particular tUr¢ project or ¢oiiimitm¢iit. Restri¢t¢d fvnds are subje¢ied to r¢stri¢tions on tlieiL' expenditiire declared by th¢ donor or through the t¢rm5 of an appeal, and fall into one of two Sli¢1a$sCs'. r¢stricted in¢ome funds or endowment funds.
The Arab Educational and Cultural Forum Company Llmlted by Guarant90 Notes to the Financial Statement8 fMntinu8d) Year endgd 31 August 2022 Aceountiiig polieles (eojtllnued) lotoming resources All in¢ome 15 IiIGluded in the ststeinent of financial activities when entLtlem¢nt has passed to th¢ ¢harity, it ts probabl¢ tl)at tlJe ecoiiomi¢ ben¢fits associated wktl) the traiisaction will flow to the charity and th¢ amount Can be reliably In¢asur¢d. The followitig 5perifi¢ policy is applied to the prin¢ipal cat¢gory of in¢ome'. Income from tuition fees receivable aiid in¢ome fTom other educational a¢tivities is evenly re¢opJiised ov¢r tlie terms in the acAd¢mic year. Rosoui'ces expended Expenditure is recognised on an accruals bishs as a liability is in¢urred. Expet)ditur¢ includes any VAT wliich caM)ot be fully recovered, aiid is classified under headings of the staiement of fiiiancial activitie5 to which it relates.. expertditure on raising fiEnds in¢lude5 the ¢osts of all fvndraising activitie8 events, iion-¢haritable tradirtg activities. and th¢ sale of donatcd goods. expenditure on Gharitable a¢tivitie5 includes all costs incurred by a Charity in undertaking activities that furthcr its charitable aims foi t] b¢n¢fit of its bejieficiaries, including those support ¢osts aiid ¢osts relaiing to tl)e gov¢rnance of the charity apportion¢d to charitable aciivitie5. tsihe¥ expenditure includes all expct)diture that IS Deither related to raising funds for the ¢harity nor part of its expenditvr¢ gn chaTiiable activities. All ¢osts are allocated to rxpenditUT¢ ¢ategori¢s retlecting the use of the resouire. Direct costs attributable to a single ac¢ivity are allo¢at¢d direcily to tliat activity. Sh8r¢d costs ar¢ ar4x)riioned beten th¢ a¢tivilie5 they contribute to on a rea50nRble. justifiable and Consistent basis. Tangible assets All fixed assets are initially record¢d al cost. Depreciation Depreciation is ¢alculated so as to wite off the ¢ost or valuation of an asset, less it5 residual value, over th¢ Useful economic life of that asset as follows.. Equipment 15•/o Straight line Sto¢ks Sto¢ks, which ¢onsist of books, ar¢ nieasuied 41 the lower of cost and e5timat¢d selling price less cost5 to eoniple(¢ and sell. C05t includes all costs of pur¢hase. ¢osts of conversion atjd otlier ¢osts ii)¢urred in bringing the slock to its preseiit locatLOrt and Condition.
The Arab Educational and Cultural Forum Company Llmlted by Guarantee Notes to the Financlal Ststements i¢onllnuedJ Year •nd9d 31 August 2022 Llmlteil by guaraiitee Members, liability 15 IiTnited to £1 per member. CharÉtRble activities Unrestricted Totgl Fullds Funds 2022 Unr¢stricted Total Thinds Funds 2021 School fees 65,969 65.969 43,937 43,937 Iiiv¢sfment incorn¢ Unrestricted Totol VuNds Funds 2022 Unrestricted Total Funds Funds 2021 Bank interest receivable 27 27 Exp#nditure eharltAble aCtitle$ by fund type Unrestricted Total Fund5 Funds 2022 Unrestrieted Totsl Funds Funds 2021 School running costs Support Costs 74,088 1,029 74,08è1 1,029 50,883 .361 50,883 1.361 75,117 75,117 52,244 52,244 Expertdltu on cbaritable aetivities by activity type Activities undertaken dircctly Support ¢osts Total fuiids 2022 Total fund 2021 School runniiig costs Governance ¢osts 74,088 74,088 1,029 50,883 1,361 1,029 74,088 1,029 7S.117 52.244 Analysls of support eosts Analy515 of support Costs Totg12022 Total 2021 Governan¢¢ ¢ost5 1,029 1,029 ,361
The Arab Educational and Cultural Forum Company Llmlted by Guarantee Notes to thg Finan¢lal Statements (conflnuedj Year •ndgd 31 August 2022 10. Net ¢¥pellditure Net expenditure is stated after ¢hargingl{crediting)'. 2022 2021 Depre¢iation of tangibl¢ fixed assets 534 291 11. Independent examlnation fee5 2022 2021 Fees payable to tlie indepeiidejit exaiiiiiier for.. Independenl exajnisiation of the fnaliCial 5taiem¢nts 780 860 12. Staff costs The av¢ra8e head count of employees during the year was 24 {2021'. 16). Th¢ average number of full-time equivalent eniployees during Ilie year 15 aiJalysed a5 follows.. 2022 2021 Te2chers and administrators No einployee re¢eived e]nployee benefits of mor¢ than £60,000 during the year (2021.. Nil). 13. Trustee remuller#tlOll RRd expen$ Nts remiineiBtion or oth¢r benefits froin ¢inployinent with the charity or a related entity were received by the trustees. No trust¢e exp¢n5es have been in¢urred. 14. Tangible fixed #$sets Equipment Totgl Cos¢ At I September 2021 31 August 2022 Depreci#tion At I September 2021 Charge for the year At 31 Augiist 2022 CArryÉng amount At 31 August 2022 At 31 August 2021 3,561 3,561 2.395 534 2,395 534 2,929 2,929 632 632 ,166 1,166
The Arab Educational and Cultural Forum Company Llmlted by Guarantge Notes to the Financlal Staloments (cvnllnuodj Year gnded 31 August 2022 15. Stuck5 2022 2021 Books 4,000 8,137 16. Creditor8: amounts filllng withill one year 2022 2021 Accruals and defetTed ii)coin¢ Social security ai)d other taxes 1,030 loo 2.060 1,130 1060 17. AD8ly$is of charitable fuDds Unrestrleted funds Al I Sep*mber2021 At Expa)diture 31 Augusl 2022 Income General funds 90,493 65,996 (75.117} 81,372 Al I SeN¢mbcr2020 At Expenditure 31 August 2021 Income General funds 98,789 43,948 (52,244) 90,493 10-
The Arab Educational and Cultural Forum Company Limited by Guaranteg Not•s to the Financial Statements {¢ontlnue Year end&d 31 August 2022 18. Analysis of net Assets between fuiid5 Ui)restricted Total Fund$ Fund$ 2022 Tangible fix¢d assets Current assets cditorS less Ihan l y¢ar 632 81.870 (1,130) 81,372 632 81,870 {1,130) 81,372 N¢t 8ss¢ts Ut)restricted Totsl Fund5 Funds 2021 Tangible fixed a5set5 Currei)t assets Creditors less than l y¢ar Net Assets 1,166 91,387 (2,060) 1.166 91.387 {1060) 90,493 90,493 19. Related pirties No tn]stee or other person T¢lat¢d to tlie charity had any personal interest iii any ¢ontrdCt or transaction enteT¢d into by the ch8rity during th¢ year {2021- Nil}. 11