TAWHID FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
14014765 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 31 March 2022

End date: 31 March 2023

TAWHID FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TAWHID FOUNDATION CIC

Balance sheet

As at 31 March 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 5,063
Total current assets: 5,063
Net current assets (liabilities): 5,063
Total assets less current liabilities: 5,063
Creditors: amounts falling due after more than one year: 3 ( 1,999 )
Total net assets (liabilities): 3,064
Members' funds
Profit and loss account: 3,064
Total members' funds: 3,064

The notes form part of these financial statements

TAWHID FOUNDATION CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 January 2024
and signed on behalf of the board by:

Name: Mrs J Ferdous
Status: Director

The notes form part of these financial statements

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income and expenses are included in the financial statements as they become receivable or due.Expenses include VAT where applicable as the company cannot reclaim it.

    Other accounting policies

    Reporting period:An entity shall present a complete set of financial statements (including comparative information) at least annually. As this is the first reporting period, the annual financial statements are presented for a period longer than one year.

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Creditors: amounts falling due after more than one year note

2023
£
Other creditors 1,999
Total 1,999

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Included under other payables on 31 March 2023 is a sum of £780, being the balance outstanding of loans between the directors and the company, which is interest-free, unsecured and repayable on demand.
£
Balance at
Advances or credits made: 780
Advances or credits repaid:
Balance at 31 March 2023 780

COMMUNITY INTEREST ANNUAL REPORT

TAWHID FOUNDATION CIC

Company Number: 14014765 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Tawhid Foundation was established in 2022 for the residents of Barking and Dagenham and surrounding areas with the aim to support holistically and advance access. During the financial year 2022-2023, the organisation has worked to benefit target groups within our community through its various activities. The Eid in Parsloes Park event with a prayer and funfair brings together over 1000 neighbours to celebrate together, as part of our aims to further community understanding and cohesion. The 14 participants of the Youth Program engaged in several activities including camping excursions, public speaking workshops with local charity Green Shoes, and fundraising campaigns. Tawhid Foundation sold textbooks and workbooks to low-income students at a discounted price to allow affordability and equal access.

Consultation with stakeholders

The organisation’s stakeholders are the local residents and service users of Tawhid Foundation. They are consulted regularly on what their needs are including any barriers to access they face. We were able to identify from our outreach that several mothers, part of our Women’s groups, were unable to attend due to children at home, this led us to accommodate spaces that were child-friendly and encourage all to attend. User are encouraged to fill out feedback forms, and are invited for group meetings and can request individual meetings to discuss in detail. We strive to uphold a framework of reflection and active engagement.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 January 2024

And signed on behalf of the board by:
Name: J. Ferdous
Status: Director