COMPANY REGISTRATION NUMBER: 2450405 I &ll riAfKI I I I fKA i Ivi¥ 14ui¥IDcr%. ou£ i oa The Arab Educational and Cultural Forum Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 RC PATEL FCA Chartered 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 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities {including income and expenditure accounll Statement of financial position Notes to Ihe financial statements
The Arab Educational and Cultural Forum Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) Year ended 31 August 2024 Tl)e ti'uslees, wlio al'e also tlie dii'ectoi's tor tlie pui'poses of coinpany laiv, pi'esent tlieii. report aiid tlie ui)aiidited financial stateiiients of the cliai-ity foi. tlie year ended 31 Auoust 9024. Refei'ence and administi'Ative details Registei'ed cliAI'ily iiaine Tlie A]'ab Educational and Ciiltui-al Foi'iim ch4ql.ity i'egisti'Atioih iiunibei. 802735 Company registi'ation niijiibei. 2450405 Pi'iiicipal olee aild registered office 7 Redbridge Laiie East Ilford Essex IG4 SET Tlle trustees D S Al-Falaki Mrs l Auchi Company secretary D S Al-Falaki Independent examiner R C Patel, FCA 7 Redbi'idge Lane East Redbi'idge, Ilford Essex IG4 SET Structure) govei'iiance aiid nhanageiiient Govei'niiig documeiit Tlie Arab Edueatioi)al and Ciiltui'al Foruni is a conipai)y liinited by guai'aiitee governed by its Meiiioi'anduin and Ai'ticles of Associatioi) dated 29 Noveniber 1989. It is I'eoistei-ed as a cliarity with tlie Cliai'ity Coiiiii)issioii. Appoiiitinent of ti'iistees Ti-ustees, appointsneiils al'e govei'iied by il)e Articles of Associatioii as at-e tei-Ininatioi)s of tl'LlSteeship. Reconiii)endc2tion aiid selection of trustees is tlie respoiisibility of tlie board. Ti-ustee iiiductioii aiid tl'¢iiniiig New Ii'ustees at'e bt-iefed on tlieir legal obligations iiiidei. chai'ity and company law, tlie content of tlie Meinoranduin aiid At-licles of Association, tlie coiiimittee and tl)e decisioii makiiig pi'ocesses and receiit and projected financial pei'forinaiice of the chai'ity. Oi'gaiiisAtio Tl)e boai'd of ti'iistees adininistei's the chai'ity. The board Ineels t'egulai'ly dui'ing the yeai.. Tlie day to day operations of tile chai'ity al'e managed by senioi. employees.
The Arab Educational and Cultural Forum Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrectotrs Report) (conllnuèd) Year ended 31 August 2024 Structui'e? governAn¢e and man&gement itvniiiiued) Risk MaiiaLwement The li'uslees carl'y out an aniiual review of the risks the chw'ity may face ld are sati8fied that sygtems ai'¢ in pldce lo monitoi. aiid coiili'01 these I'isks lo miligalc iinpacl they iiiay liave on Ilie Chai'ily in ilie fului'e. Objectives and activlties The Objects of the Cliarity are tlie advancement of public education in 'ab language, liieratur¢, histoiy and iltw'al hej'ilage and identity. Achievements and performance Tlie Charity has coiltinued to operat¢ its Arabic school in the Lojidon ar ¢atcrAng for a large numbei. of pupils. Financial revieiv The CharliS iiicome for the year was £75.911 (2023 _ £77,357)giving a surplus of £55 (2023 _ £1,230). Reserve5 It 1.% the policy of tlie Cliariry tu bufftld up tlie unrestricted funds to a level equivalent to between six and twelve montlis, expeiiditure inLluding 'ants. Tlie tISteeS consldcr tliat the i'eSeTv at tliis level wfftll cnsui'e that, in tbe evcnt of a significallt drop in tiinding/inLome. thcy will bc ablc to continue the Charitls ¢urrcnt activities whilc coiisideratioll is giveii lo ways in which additioiial fullds may be raised. Plgns for t'uture periods Tlie charity does not anlicÈpate any change in ils operations and expects to continue with its activities aiid objectives as defined in its governing documenl. Small company provisions This i'epoi't has been prep.ed in accordance with tile provisions applicable to companies entitled to the smull coinpanies exeinption. Tlie trustees, iinnual report was approvcd on and signcd on behalf of the board of trustces by.. D S Al-Falaki Dii-ector
The Arab Educational and Cultural Forum Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Arab Educational and Cultural Forum Year ended 31 August 2024 I I'epoi't to tlie ti'iistees on iiiy exaiiiinalion of tlie finaiicial stateiiienls of Tlie Arab EdLicational and Ciiltui'al Foi-lllll ('the cliai'ity,) foi. tlie yeai. ended 31 August 1024. Respoiisibililies aiid basis of i'epoi't The ti'ustees al'e also the dii'ectoi's of the coinpany for the PLlI'poses of compai)y law al'e I'espoi)sible for the pi'epai'atioi) of Ilie fillai)cial slaleinei)ts. Tlie trustees considei. tl)at ai) audit is not I'equii'ed foi. tl)is year under sectioii 144{2) of tlie Cliai'ilies Act 2011 (tlie 2011 Act) ai)d tliat an iiidepei)deiit exaiiiiiiation is iieeded. Havino satisfied iiijself that tlie cliai-ity is not Slibject to aiidit iindei. coiiipaiiy law and is elitsible foi. iiidepeiideiit exaiiiiiiation, il is Iiiy i-espoiisibility to.. exainiiie tlie accouiils iiiidei. section 145 of the 201 l Act. lo follow tlie i)I'oeLdures laid doivn iii t]ie Crei)ei'al Dii'ectioiis giveii by tlie Cl)ai'ity Coniiiiission under section 145{5)(b) of tlie 201 l Act; and to state whetliei- pai'ticular mattel's have coine to Iny altentioii. Iiidepeiideiit exAiiiinei s stAteiiieiit I liave coiiipleted my exaiT]ii)atioii. I coiifii-111 that no iliattei's liave eoi)ie to iiiy attei)tioii iii eonneclion witl) tlie exaniii)ation giviT)g n)e cause to believe.. accouiitii)g I'ecords wei'e not kept in i'espect of tlie cliarityi as I'equii'ed by section 386 of the 2006 the finaiicial slateiiients do iiot accord with tl)ose I'ecoi-ds; or tl)e finaiicial statenients do iiot comply witli tlie accoiiiiting requii'eiiients of sectioii 396 of tl)e 2006 Act otliei. thali aiiy requireiiient that the accouiits give a 'ti-ue aiid fail view ivhicli is not a inattei. coiisidered as parl of ali iiidepeiideiit exaiiiinatioii. or tlie finaiicial stateinenls have iiot been prepai'ed iii accoi'dance witli tlie methods aiid pi'iiiciples of tl)e Siatei)iei)t of Recoiiiineiided Practice foi. accouiitiiig aiid I'epoi'ting by chai'ities applicable to chai'ities pi'epai'ii)g tl)eir accouiits iii accoi'dance with tlie Finaiicial Repoi'tii)g Siandai'd applicable in tl)e UIC and Repiiblic of Ii'eland (FRS 102). I have iio concei-ns and liave coi)ie aci'oss iio otlier Inattei's iii coiiiiection with the examiiiation to whicli atteiitioii sliould be di-awn iii this I'epoi't iii ordei- to eiiable a pi'opei- uiidei'staiidiiig of the accouiits to be l'eached. R C Patel. FCA Ii)depeiideiit Exai)iiiiei' 7 Redbi'idge Laiie East Redbi-idge, Ilfoi'd Essex IG4 SET
The Arab Educational and Cultural Forum Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 2023 Uni'esti'icted fi]iids Total fuiids Total fviids Note Iiicoine and eiidoiviiieiits Cliaritable activities Investinenl i1)coie 74,012 1,899 74,012 1,899 76,474 883 TotAI iiicoiiie 75,911 75,911 77,357 Expejiditure Expenditui-e 011 cl?ai'itable activities 75,856 75,856 76,127 TotAI expeiidilui'e 75,856 75,856 76,127 Net iiicoine and net niovement ill funds 55 55 1,230 Recoiiciliatioii of fuiids Total fiiiids bi'oLiIFlit foi'wai-d 82,602 82,602 81,372 Total fuilds C¢l1'1'ied fo)'Ivai-d 82,657 82,657 82,602 The slateineiit of fiiiai)cial activities incliides all gaiiis aiid losses i'ecogiiised in tlie yeai.. All iiieonie aiid expenditui'e derive froii) eontiiiuina activities. The notes on pages 6 to 11 form part of these financial statements.
The Arab Educational and Cultural Forum Company Limited by Guarantee statement of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 98 Curi'ent a55ets Stocks Casli at bank and in hand 15 2,900 81,094 83,917 83,917 83,994 Creditors: ainounts talling due Ivitliin one year 16 1,260 1,490 Net current assets 82,657 82.504 I'otsl assets les5 current liabilities 82,657 82,602 Net assets 82,fi57 82,602 Funds ot the charity Unrestricted funds 82,657 82,602 Total eh&rity funds 17 82,657 82,602 Foi" the yew. ending 31 August 2024 the charity was entitled to ¢xemption fi.n audit uiider section 477 of th¢ Companies Act 2006 relatiiig to smalL compani. Directors, rcspoiisibilities-. The meinbers Iiave not required tlie coinpany to obtain an audit of its financial statements for tlie year in question in decoi'dance witli section 476- The dir¢ctors aduiowlcdgc tlicir respoiisibilities for coinplyii)g with tbc rcquircments of the Act wilh respect to aLcountiiig rccords and Ihc prcparatioii ot financial statements. Tliese financial stalemeiits have been prcpared iii accordance with the provisions applicable to cfftnpani&s subject to the small compaiiies, regime. Tliese fiiiaiicial statemeiits Ivere appi'oved by ihe board of tn]stees and auÈhorised for issue on aiid are signed on behalt-of the board by: D S Al-Falaki Dii'eclor The notes on pages 6 to 11 fomi part of these financial statements.
The Arab Educational and Cultural Forum Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2024 Geiiei'AI ii)foJ'iiixtioii Tlie c1121.ity is a public benefit eiitity ai)d a pi'ivale company liimited by guai'anlee, I'egistered iii Ei)tsland ai)d Wales ai)d a registered cliarity in Ei)(rlai)d aiid Wales. Tlie addi'ess of tlie registered office is 7 Redbi'idtse Lane East, Ilford, Essex, IG4 SET. Statenient of coinpliaiice Tliese financial slateinents liave been pi'epared in coinpliance ivitli FRS 10? 'The Financial Repoi'ting Staiid31'd applicable iii the UK and the Republic of Irelaiid,, the Stalen)ent of Recoiiimended Pi'actice applicable to cl)ai'ities prepariiig tlieii. accounts iii accordance ivitl) tlie Fiiiancial Repoi'ting Standard applicable it) the UK aiid Republic of h-elai)d (FRS 102) (Cliai'ities SORP (FRS 102)} and the Coiiipanies A¢t 2006. Accountiiig policies Basis of prepai'ation Tlie financial statements liave been pi'epared on the historical cost basis, as modified by tlie i'evaluation of certain financial assets and liabilities and investnient pi'opeities Iiieasui'ed at fail. valiie througli incoiiie oi. expei)ditLlI'e. The financial stateiiients at-e prepai'ed in sterling, which is the ftinctional cui'i-ency of tlie entity. Goiiig coiicei'ii In tl)e opiiiion of Ilie trustees, tliei'e are no ii)atei'ial uncei'taiiities about the Chai'ity's ability to continue for tl)e foreseeable fi]tui-e. Judgeiiients And Iiey soui'ces of estiniatioii uiicei'tainty Tlie pi'epai-ation of tlie financial statei)ients reqLiires nianaoeinent to inake jiidgements, estiniates and assuinptioiis tl)at affect tlie ainouiits i'eported. Tliese estiniates aiid judtsements are Contiiiiially I'eviewed and at'e based on experience and other factoi's, iiicluding expectations of futui'e eveiits Iliat al'e believed to be reasonable ui)der the cii'cuiDslaiices. Fuiid aecouiiting Uni'esli-icted funds al'e available foi. Lise at tlie discretion of the li'ustees to fiii-ll)ei' ai)y of tlie cliai'ity's pui'poses. Desigiiated funds are uiii-estricted funds eai'iiiarLed by the ti'ustees foi- particulai. fi]ture pi'ojeet oi. coniinitiiient. Restricted fiii)ds al'e subjected to i'eslrictions on tlieir expenditure declared by tlie donoi. or tl)1'011¢sh tlie tei'ms of ai) appeal, aiid fall iiito one of two sub-classes.. I'esti'icted iiicoiiie fi]nds oi. endowmeiit fi]nds.
The Arab Educational and Cultural Forum ComDanv Limited bv Guarantee Notes to the Financial Statements (Continued) Year ended 31 August 2024 Aceouiitiiig policies (coiiliiiiiedj liicoiiiiiig i'esoui'ces All iiicome is iiicluded in tl)e stateineiit of fiiiancial activities wliei) entitleineiit lias passed to tlie cl)ai'ity, it is probable tliat tl)e econoniic benefits associated ivitli the ti'aiisactioii will flow to the chai'ity and Ilie aniount cai) be I'eliably iyeasui'ed. Tlie followints specific policy is applied to Ilie principal cate(JOI'y of income.. Jncoiiie fi'oin tuition fees I'eceivable and incoiiie fi'oin otliei. educalioiial activities is evenly I'ecognised ovei. tlie tei'n)s in tlie acadeinic yeai.. Resoui'ees eipended Expeiiditure is I'ecognised on ali accruals basis as a liability is ii)curred. Expeiiditure includes aiiy VA T wlii¢h caiiiiot be thlly recovered, and is classitied under lieadinGs of tlie stateiiient of finaijcial activities to whicl) it I'elates.. expeiiditui'e on raising fvnds includes the costs of all fvndi'aising activities, eveiits, iioii-chai'ilable ti'adiiig activities, aiid the sale of doiiated goods. expeiiditure 011 cliai'ilable activities includes all costs incui'i'ed by a chai'ity in undei'lakino activities tl)at fiii'tliei. its chai'itable aims foi. tlie benefit of its beneficiai'ies, including tliose siippoi't costs aiid costs I'elatinu to the govei'nance of tlie cl)ai'ity appoi'tioned to cliai'itable activities. othei. expeiiditui'e includes all expenditui'e tliat is neitliei. related to I'aising fviids for the chai'ity iioi- pai't of its expei)ditui'e oli cliai'ilable activities. All costs al'e allocated to expeiiditui'e categoi'ies I'eflecting the use of the resoiii'ce. Direct costs attributable to a single activity al'e allocated dii'ectly to tliat activity. Shai'ed costs al'e appoi'tioi)ed between tlie activities Iliey conti'ibute ¢0 oil a reasoi)able, jiistifiable and consisteiit basis. Taiigible assets All fixed assets al-e initially I'ecoi'ded at cost. Depi'ecialioii Depi'eeiatioi) is calculated so as to wi'ite off tlie cost or valliation of ali asset, less its I'esidual value, over tlie usefi]l econos)iic life of tliat asset as folloivs: Equipinent 150/0 Sti'aiglit liiie Stocks Stoclcs, iiil)icl) coilsist of books, al'e Iiieasured at ¢l)e lower of cost and estii)iated selling pi'ice less ¢osts to coinplete and sell. Cost incliides all costs of purcliase, costs of convei'sion and othei- costs incui'i'ed in bi-inging tlie stoc1< to its pi'esent location and condition.
The Arab Educational and Cultural Forum Companv Limited bv Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2024 Liiniled b}, guAI'Aiitee Meinbei's, liability is limited to £ I pei. ii)eiiibei'. Chai'itable activities Uiiresti-icted Total Funds Fiinds Uni-esti'icted Total Funds Funds 2023 2024 Scliool fees 74,01? 74,012 76,474 76,474 Investiiieilt ineoiiie Uiiresli'icted Total Funds FLinds 2024 Uiii'esti'icted Total Funds Fuiids 20?3 B£111k iiitei'est receivable 1,899 1,899 883 883 Exi)eiidituJ'e oil cliai'itable activities by fiiiid type Uiii'esti'ieted TotAI Fiiilds Fiinds Uni'estricted Total Fuiids Fiinds 2023 2024 Sel)ool runninu costs Siipi)oi't costs 74,845 1,01 I 74,845 I,oii 74,866 1,261 74,866 1,261 75,856 75,856 76,127 76,127 Expeiiditui'e 011 cli21'itable activities by activity type Activities undei'taken directly Suppoi't Costs Total funds 2024 Total lid 2023 Scliool i'unning costs Governance costs 74,845 74,845 I,oii 74,866 1,261 1,01 I 74,845 1,01 I 75,856 76,127 Aii4?lysis of 5UPPOI't costs Analysis of suppoi't costs Total 2024 Total 2023 Goveriiance costs 1,01 i J,oii 1,261
The Arab Educational and Cultural Forum Companv Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 August 2024 10. Net iiiconie Net incoine is slated after cliaroiiiol(ci'editii) 2024 2023 Depi'ecialion of tantsible fixed assets 98 534 11. Iiidei)eiideiit ex111]71)9tiol7 fees 2024 ?023 Fees payable to tl)e iiidependei)t examiiiei. for.. Independei)t exaniiiiation of tlie tii)ancidl slaieiiienls I,oii 1,261 12. Staff costs Tlie total staff costs and einployee benefits foi. tlie I'eporling pei'iod are analysed as follows- 2024 2023 Waoes and salai'ies 51,347 56,026 The avei'age liead couiit of eiiiployees dui'iiig tlie ye<l1' was 27 (20?3: ?7). The average numbei. of fiill-tirtie equivaleiit employees dui'iiig Ilie yeai. is analysed as folloivs: 2024 2023 Teacliei's and adniiiiisli'atoi's No eiiiployee I'eceived eii)ployee bei)efiis of nioi'e tliaii £60,000 dui'iiig tlie yeai. (2023.. Nil). 13. Ti'ustee i'eniunel'atioii And expeiises No I'ei)iuiiei'atioii oi. otl)er benefits fi'om employii)eiit ivitli tlie cliai'ity or a I'elated entity ivere I'eceived by tlie tl'LlStees. No ti'uslee expeiises have been iiicui'i'ed.
The Arab Educational and Cultural Forum ComDanv Limited bv Guarantee Notes to the Fi nancial Statements (continued) Year ended 31 August 2024 14. Taiigible fjied assets Equipnieiit Total Cost At I Septenibei. 2023 31 August 2024 Depi'eeiatioii Ai I Septeiiibei" 2023 Cl)ai-ge foi. tl)e yeai- At 31 August 2024 CAI'i'yiiig aiiioullt At 31 August 2024 At 31 August 2023 3,561 3,561 3,463 98 3,463 98 3,561 3,561 98 98 15. Stocks 2024 2023 Raw ii)atei'ials aiid coi)suiiiables 2,900 16. Ci'editoi's: aiiiouiits fallin due ivitliin one yeAI' 2024 2023 Acci'iials aiid defei-i-ed incoine Social seciii'ity aiid otliei. taxes 1,260 1,390 100 1,2611 1,490 17. Analysis of eliai'itable fuiids Uiii-esti'ieted fuiids At I Sepitiiibtr 2023 ENnd11111¢ At 31 Aiiuusl 2024 Geiiei'al fijnds 82,602 75,911 (75,856) AÈ I sepieiilr 2022 EitKndiliire Ai 31 AIiuus12023 Genei'al ndS 81,372 77,357 (76,127) 82,602 10-
The Arab Educational and Cultural Forum ComDanv Limited bv Guarantee Notes to the Financial Statements f¢ontinued) Year ended 31 August 2024 18. Aiialysis of net Assets bett%'eeTI fuiids Uni'esti'icted Total Funds Fui)ds 2024 Taiigible fixed assets CLlI'i-eiit assets Ci'editoi's les.s tlian l yeai. 83,917 (1,261) 83,917 (1,261) Net Assets 82,656 82,656 Ui)I'estricted Total Funds Funds ?0?3 Tai)gible fixed assets Cui'rei)t assets Ci'editoi's less tlian l year 98 83,994 (1,490) 98 83,994 (1,490) Nel assets 82,602 82,602 19. Related pai'ties No ti'iistee oi. oil)er pei'son related to Il)e cl)ai'ity l)ad any pei'soiial iiitei'est in aiiy coi)ti'act or ti'aiisaction entei'ed into by tlie cliai'ity dui-ing tl)e yeai- (?023 Nil).