TAWHID FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
14014765 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

TAWHID FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TAWHID FOUNDATION CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 596 0
Total fixed assets: 596 0
Current assets
Debtors: 4 994 0
Cash at bank and in hand: 3,308 5,063
Total current assets: 4,302 5,063
Net current assets (liabilities): 4,302 5,063
Total assets less current liabilities: 4,898 5,063
Creditors: amounts falling due after more than one year: 5 ( 2,060 ) ( 1,999 )
Total net assets (liabilities): 2,838 3,064
Members' funds
Profit and loss account: 2,838 3,064
Total members' funds: 2,838 3,064

The notes form part of these financial statements

TAWHID FOUNDATION CIC

Balance sheet statements

For the year ending 31 March 2024 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 20 January 2025
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 2024

  • 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 25% straight line

    Other accounting policies

    Company limited by guarantee - The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 0 0
Additions 750 750
Disposals
Revaluations
Transfers
At 31 March 2024 750 750
Depreciation
At 1 April 2023 0 0
Charge for year 154 154
On disposals
Other adjustments
At 31 March 2024 154 154
Net book value
At 31 March 2024 596 596
At 31 March 2023 0 0

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Other debtors 994 0
Total 994 0

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Other creditors 2,060 1,999
Total 2,060 1,999

TAWHID FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Loans to directors

Included under other creditors as of 31 March 2024 is a sum of £1,560 (2023: £780), representing the outstanding balance of loans between the director and the company. These loans are interest-free, unsecured, and repayable on demand.

COMMUNITY INTEREST ANNUAL REPORT

TAWHID FOUNDATION CIC

Company Number: 14014765 (England and Wales)

Year Ending: 31 March 2024

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 our second financial year of 2023-2024, the organisation has continued to worked to benefit target groups within our community through its various activities. The Eid in Parsloes Park event with a prayer and funfair, held twice, brought together over 4000 neighbours collectively to celebrate together, as part of our aims to further community understanding and cohesion. This year the Youth Programme saw 2 graduates from the previous cohort return to support its new members in their activities including camping excursions, sports days, leadership workshops, and fundraising in the annual charity boat race. Tawhid Foundation’s fundraising initiatives included bake sales, Eid fair, and challenges. 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 that some children struggled to engage with the standard texts, this led us to provide accommodations such as large-print and colour-coding to ensure all materials are accessible for all. We attended events at local schools to consult with beneficiaries. 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
20 January 2025

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