2022-03-31-accounts - Camden Somali Cultural Centre

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CAMDEN SOMALI CULTURAL CENTRE

Accounts & Reports

For the year ended 31 March 2022

CAMDEN SOMALI CULTURAL CENTRE

Contents For the year ended 31 March 2022

	Page
Legal and administrative information	1
Trustees’ report	2-3
Independent examiner’s report	4
Statement of financial activities	5
Balance sheet	6
Notes to the accounts	7-10

CAMDEN SOMALI CULTURAL CENTRE

Legal Information For the year ended 31 March 2022

Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1024738 Registered Office &Headquarter Business Address: 107 Kingsgate Road London NW6 2JH Trustees: Mr Abdisamad Farah (Treasurer) Mr Abdiwali Ahmed Farah (Chair) Mr Abdikayf Bashir Farah Bankers: Barclays Willesden and Notting Hill Group PO BOX 37 50 NW10 6AQ Accountants: Issa & Co (UK) Chartered Certified Accountants 40A Maygrove Road London NW6 2EB

CAMDEN SOMALI CULTURAL CENTRE

Trustees Report

For the year ended 31 March 2022

Objective

Camden Somali Cultural Centre set up to support Somali community through the provision information, services and support to foster community cohesion and eradicate the poverty faced by this marginalised community group by introducing education and training opportunities, advice and advocacy services and a range of programmes targeting all age groups to increase community participation in civic and community life.

Legal structure

Camden Somali Cultural Centre is a registered charity with the Charities Commission in England & Wales.

Financial statements

The trustees submit their trustees’ report and financial statements for the year ended 31 March 2022.

Policies:

Reserve policy:

The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 4 months operating expenditure.

Risk(s) review:

The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to get funds to employ co-ordinator, assistant and increase charity’s donor base.

Trustees Responsibilities

The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant regulations.

The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.

Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the constitution.

CAMDEN SOMALI CULTURAL CENTRE

Trustees Report (Continued)

For the year ended 31 March 2022

Activities and Achievements

The core of the charity’s work post pandemic now focuses on advice and information work. Parental support with Advocacy and support accessing Education, Housing, SEND help, As well as adult social care support. We also work to support the community to access cultural and history through arts, cultural events, and support to hold on to and celebrate Somali Culture and historical traditions such as storytelling, song, and language. The financial climate has significantly changed in the UK and had a dramatic impact on the lives of not only our service users but the whole of the British population, we therefore do more work to tackle poverty because of the cost-of-living crisis for our community.

We had a significant financial shortfall, and this was managed and met with supporting families to access food and cost of living grants, by increasing our involvement with Camden Advice Network as a partner with Kosmos and applied jointly for funding to continue this work. The council also released held funding for the previous financial year and awarded us a grant to meet the impact Pandemic and lockdown as well as cost of living had on the organisation, with this funding we have been able to support staff and the community by upskilling our team to work remotely and increase local help form our workers who still worked from home in the community.

CSCC is in a period of change, and we are working to improve governance and support for frontline staff who have not been able to complete all tasks in the period of financial short fall and yet they continue to deliver excellent services. We aim to work with partners to improve our infrastructure in the communing years so we can grow and sustain our service while meeting all obligations to governance and our core and small staff team.

Funding

The charity would like to thank all those who generously funded and supported our activities. It is through their support that the charity has largely been able to implement our projects for the benefit of our community. These include London Borough of Camden.

This report was approved by the board and signed on its behalf by:

Chair A. A. Farah

Date: 20[th] October 2023

CAMDEN SOMALI CULTURAL CENTRE

Independent Examiners Report

For the year ended 31 March 2022

I have examined the accounts on pages 5 to 6, which have been prepared on the basis of receipt and payment basis.

Respective responsibilities of trustees and examiner

The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.

Basis of independent examiner’s report

This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the charity commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.

Independent examiner’s statement

Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the year ended 31 March 2022 have not been in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.

Issa Associates

Issa & Co (UK) Chartered Certified Accountants 40a Maygrove Road London NW6 2EB

Date: 20[th] October 2023

CAMDEN SOMALI CULTURAL CENTRE

Statement of Financial Activities

For the year ending 31 March 2022

Notes *Incoming resources* From charitable activities 2 Investment income 2 Total incoming resources *Resources expended* Charitable activities 3 Governance costs 4 Total Resources Expended Net resources for the year Fund balances at 1 April 2021 Fund balances at 31 March 2022	Unrestricted funds £ - - - - - - - - -	Restricted funds £ 52,108 - 52,108 42,125 500 42,625 9,484 13,030 22,514	2022 2021 Total Total £ £ 52,108 7,210 - - 52,108 7,210 42,125 8,906 500 500 42,625 9,406 9,484 (2,195) 13,030 15,225 22,514 13,030

CAMDEN SOMALI CULTURAL CENTRE

Balance Sheet

For the year ending 31 March 2022

Notes *Fixed assets* Tangible assets 5 *Current Assets:* Debtors 6 Cash at bank and in hand *Creditors:*amounts falling due within one year 7 *Net Current Assets* *Total Assets less current liabilities* *Funds of the charity:* Surplus/(deficit) as at 1 April 2021 Surplus/(deficit) for the year	2021 £ £ £ £ 404 702 5,500 5,500 17,110 7,328 22,610 12,828 (500) (500) 22,110 12,328 22,514 13,030 13,030 15,225 9,484 (2,195) 22,514 13,030 2022

The statement of financial activities as set out on page 5 for the financial year ending 31 March 2022, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 20 October 2023.

Treasurer Abdisamad Farah

CAMDEN SOMALI CULTURAL CENTRE

Notes to the Accounts

For the year ending 31 March 2022

1 Accounting Policies

1.1 Basis of accounting

The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (Revised SORP 2015) and the Financial Reporting Standards for Smaller Entities.

1.2 Incoming Resources

Grants and donations are recognised on accruals basis.

Incoming resources are reported gross.

1.3 Resources Expended

Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.

Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.

1.4 Depreciation

Tangible fixed assets are stated at cost less depreciation.

Provision for depreciation of tangible fixed assets held by the charity is made at an annual rate of 25% on a straight line basis.

1.5 Status

The charity is registered with the Charities Commission in England & Wales.

CAMDEN SOMALI CULTURAL CENTRE

Notes to the Accounts

For the year ended 31 March 2022

2. Grants and Donations

Camden Recovery - Cost of Living Camden Coucil Hampstead Wells & Campden Trust Other Charitable donations 2. Investment Income Interest receivable Total Incoming Resources	Unrestricted Funds £ - - - - - Unrestricted Funds £ - -	Restricted Funds £ 10,000 35,000 2,200 4,908 52,108 Restricted Funds £ - 52,108	2022 Total 2021 Total £ £ 10,000 - 35,000 - 2,200 850 4,908 6,360 52,108 7,210 2022 Total 2021 Total £ £ - - 52,108 7,210

CAMDEN SOMALI CULTURAL CENTRE

Notes to the Accounts

For the year ending 31 March 2022

3a. Direct Charitable Expenditure

Wages & salaries Homework & Supplementary school Outings and events 3b. Support Costs Insurance Total Charitable Activities 4. Governance Total Resources Expended Legal and Professional Telephone, fax, Internet Cost of living Crisis Depreciation Rent & service charges Sessional staff & volunteers	Unrestricted Funds £ - - - - - - - - Unrestricted Funds £ - - - - Unrestricted Funds £ - - -	Restricted Funds £ 1,550 14,749 2,070 6,020 7,637 9,800 - 41,826 Restricted Funds £ - 298 298 42,125 Restricted Funds £ 500 500 42,625	2022 Total 2021 Total £ £ 1,550 650 14,749 5,105 2,070 425 6,020 1,550 7,637 - 9,800 - - 878 41,826 8,608 2022 Total 2021 Total £ £ - - 298 298 298 298 42,125 8,906 2022 Total 2021 Total £ £ 500 500 500 500 42,625 9,406

CAMDEN SOMALI CULTURAL CENTRE

Notes to the Accounts

For the year ending 31 March 2022

5 Tangible Fixed Assets Camden Council Accruals 7. Creditors – Amounts falling due within one year 6. Debtors Net Book Value At 31 March 2022 At 31 March 2022 At 1 April 2021 Charged in the Year At 31 March 2021 Depreciation At 1 April 2021 At 31 March 2022 Additions Cost	Office Equipment Total £ £ 6,931 6,931 - - 6,931 6,931 6,229 6,229 298 298 6,527 6,527 404 404 702 702 2022 2021 £ £ 5,500 5,500 5,500 5,500 2022 2021 £ £ 500 500 500 500