| AL-HASSAN EDUCATION CENTRE |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Voluntary income |
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The value of services provided by volunteers has not been included in the accounts. |
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Grants and donations |
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Grants, including grants for the purchase of fixed assets, are recognised in full in the period to |
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which they relate, and are split depending on the nature of the incoming resource. |
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Resources expended |
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Resources expended are recognised in the period in which they relate on an accruals basis |
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and split depending on the nature of the expenditure incurred. |
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Winding up or dissolution of the charity |
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If the charity were to be dissolved or wound up the trustees would pass any net assets to similar |
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organisations and deserving causes. |
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Going concern |
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The Charity has sufficient cash at bank as at the year end and has raised further |
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funds since then, which provide adequate resources to finance committed |
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delivery programmes, along with the day to day operations. The trustees monitor the |
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expenditure level and adjust development expenditure to ensure that expenditure is |
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only incurred when sufficient funds are available to cover payments as they fall due. On |
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this basis, the trustees have reasonable expectation that the charity has adequate |
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resources to continue in operational existence for the foreseeable future, being a period |
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of twelve months after the date on which this report and financial statements are signed. |
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For this reason, it continues to adopt the going concern basis in the financial statements. |
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Purposes of Unrestricted/ Restricted Funds |
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Delivering mental health and other services to local community. |
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The activities are described in the Trustees Report. |
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Full analysis of income and expenditure is available on the last page. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings and land |
These are not being depreciated because |
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their market value is greater than cost/ NRV |
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Plant, equipment, furniture and machinery |
10% reducing balance |
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Motor vehicles |
20% reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Shahbaz Munir |
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Firm: |
Adam & Co Accountancy Ltd |
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Date of audit report: |
14 December 2021 |
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| 3 |
Employees |
2021 |
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2020 |
| Number |
Number |
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Average number of persons employed by the company |
3 |
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3 |
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| 4 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Motor vehicles |
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Total |
| £ |
£ |
£ |
£ |
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Cost |
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At 1 April 2020 |
1,854,707 |
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283,761 |
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1,500 |
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2,139,968 |
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At 31 March 2021 |
1,854,707 |
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283,761 |
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1,500 |
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2,139,968 |
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Depreciation |
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At 1 April 2020 |
- |
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180,603 |
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1,371 |
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181,974 |
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Charge for the year |
- |
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10,675 |
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26 |
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10,701 |
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At 31 March 2021 |
- |
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191,278 |
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1,397 |
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192,675 |
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Net book value |
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At 31 March 2021 |
1,854,707 |
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92,483 |
|
103 |
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1,947,293 |
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At 31 March 2020 |
1,854,707 |
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103,158 |
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129 |
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1,957,994 |
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The properties are not being depreciated because the market value is greater than the cost. |
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| 5 |
Debtors |
2021 |
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2020 |
| £ |
£ |
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Trade debtors |
- |
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1,741 |
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| 6 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
| £ |
£ |
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Trade creditors |
54,525 |
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29 |
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Taxation and social security costs |
1,256 |
|
814 |
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Other creditors (unpaid salaries and accruals) |
2,160 |
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4,545 |
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57,941 |
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5,388 |
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| 7 |
Creditors: amounts falling due after one year |
2021 |
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2020 |
| £ |
£ |
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Other creditors |
14,395 |
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14,395 |
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| 8 |
Other information |
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AL-HASSAN EDUCATION CENTRE is a private company limited by guarantee and incorporated in England. Its registered office is: |
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24 Shepherds Lane, |
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Leeds, |
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West Yorkshire, |
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LS8 4LG |
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| 9 |
Ultimate control and related parties |
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The directors/ trustees are the ultimate controlling party. |
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There were no related party transactions. |
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| 10 |
Analysis of assets and liabilities representing each of the charity's funds |
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Balance |
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Unrestricted |
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Restricted |
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Balance |
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at March |
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funds |
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funds |
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at March |
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2020 |
£ |
£ |
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2021 |
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Tangible fixed assets |
1,957,994 |
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(10,701) |
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- |
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1,947,293 |
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Current Assets |
140,443 |
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109,478 |
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- |
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249,921 |
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Current Liabilities (creditors) |
(5,388) |
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(52,553) |
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- |
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(57,941) |
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Long Term Liabilities (creditors) |
(14,395) |
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- |
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- |
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(14,395) |
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2,078,654 |
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46,224 |
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- |
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2,124,878 |
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| 11 |
Movement in Funds |
Balance |
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Balance |
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(Capital account) |
at March |
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Incoming |
at March |
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2020 |
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Resources |
2021 |
| £ |
£ |
£ |
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Unrestricted funds |
806,833 |
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33,484 |
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840,317 |
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Restricted funds |
1,271,822 |
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12,739 |
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1,284,561 |
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Rounding |
(1) |
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- |
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- |
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Total funds reconciled to balance sheet |
2,078,654 |
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46,223 |
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2,124,878 |
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There were no designated funds during the period |
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- |
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