MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION TRUSTEES, REPORT & FINANCIAL STATEMENTS FOR YEAR ENDED 31st MARCH 2024 Charity Registration No. 1043679
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The trustees are pleased to present their annual report for the year ended 31st March 2024. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities". Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published {FRS 102) as amended for accounting periods commencing from 1 St January 2019. OBJECTIVES OF THE ORGANISATION To further or benefit the residents of Merseyside without distinction of sex, sexual orientation, race or of political. religious. or other opinions by associating together the residents and local authorities, voluntary and other organisations in a common effort to advance education, relieve sickness, relieve poverty and to provide facilities in the interest of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. ACHIEVEMENTS AND PERFORMANCE Merseyside Somali and Community Association (MSCA) have had a wonderful full operational with some challenges as result of end of some essential funds that enabled the organisation to deliver its services to those who rely on its service. However, we did manage to maintain service levels to the exceptional help and support of our staff whom their post seized but decided to continue they work as volunteers and volunteers. Activities: Advocacy, advice and information Service: MSCA has continue delivering this drop-in service three days per week at intake rate of 3-5 individuals accessing service each day. The part-time Community engagement officer, trustees and volunteers have taken the responsibility and redundant Advocacy officer has volunteered to continue his help and support to the service user's ones a week. In November 2023 we successfully to secure salaries for 3 staff Training and Development Worker. Advocacy Worker and cleaner from the Big Lottery Reaching Communities Fund for 3 years. This has enabled us to full re-instate our staff and resume full scale services in the centre. Community Champion Programme: The programme has been extended for further year and came to end on 31 St March 2024 with a particular focus on children and young people's Covid-19 vaccination and mental health impact of the Covid-19. The Community Champion worker reached out to 315 young persons and managed to persuade the majority of those youngsters to take Covid-19 vaccinations and raised their awareness of mental health impact that they encountered as a result of the Covid- 19 pandemic. Lunch Club: The lunch club provides nurturing breakfast and lunch meals to 14 elderly service users and more than 25 other centre users 7 days a week. sin MSCA transferred the management of the kitchen to Private caterer the service standard has been upgraded and quality of food has significantly improved.
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Socialising activities: MSCA centre provides space for meaningfvl social activities in the centre during the afternoon Monday to Friday and 10.. AM to 17: PM over the weekend. The activities varied from socialising, playing cards and dominos. Both young older ser¥ice user have taken part in those activities. Youth Work: MSCA youth worker delivers youth activities to the 7- 19 year olds twice a week in the ntre and from number of other venues. The youth engaged in football, basketball, walking sessions and digital play stations garnes. We have also delivered Youth educational enhancement programme, where young person has been assisted to make inform decision about their educational choices when they are choosing GCSE subject. A Levels and university choices. Financial Situation: MSCA continue delivering its services to community members with the financial support of the Liverpool City Council's Community Resource Unit. The big Lottery fund, Liverpool City Council's Community Champion Programme, Granby Toxteth Development Trust. The Big Lottery Reaching Communities Fund has been recommenced in November2023 to cover staff salaries and part of core project's running cost. Staffing: Staffing Level has been re-instated to its usual level from November 2023 when The Big Lottery Reaching Communities Fund Grant has been secured. We have lost two members of staff due end of Community Champion project. Future Plans: Maintain current level of services Applying for further project's core running Exploring altemative and sustainable income sources. Improving Governance and management via series of training workshops for trustees, staff and volunteers. FINANCIAL REVIEW Totsl income for the year was £71,584 (2023: £95.631) of which £66,947 (2023: £88,199) related to funding for projects upon which restrictions are placed. Total expenditure for the year was £138,633 (2023: £150.887), including depreciation of £53,690 (2023: £54,008) leaving a deficit in the year of £67,049 (2023.. deficit £55,256). At 315t March 2024 the charity's reserves stood at £14.414 (2023: £81,463>; £13.798 (2023: £69,784) of which were restricted funds. RISK MANAGMENT The main risks to which the charity is exposed as identified by the Trustees have been considered and systems have been established to mitigate those risks.
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 RESERVES POLICY It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level to cover redundancy provision and one month of running costs should no further funding be received. As at the end of the financial year the unrestricted funds totalled £616. The charity requires £459 redundancy provision and £1.308 for one-month total running costs. The Trustees are planning to build up the unrestricted reseNes through members, donations, fundraising events, and an increased number of small unrestricted grants. PLANS FOR THE FUTURE Maintain current level of ServIS Applying to extend the National Lottery funding for fvrther 3 Years. Exploring alternative and sustainable income SoUrs. STRUCTURE GOVERNANCE AND MANAGEMENT Merseyside Somali and Community Association is a registered charity, number 1043679 formed 26th January 1995. The Goveming Document is a constitution adopted on 14th October 1979. and as amended on 13th December 1994 and amended by resolution on16th March 2013. The Board of Trustees also forms the Executive Committee which appoints officers who are responsible for the day-to-day running of the association. Merseyside Somali and Community Association is run by a voluntary Management Committee of six local Somali residents who meet monthly and who spend as much time at the centre as possible. Agenda items include finance, health & safety and staff reports.
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Name Merseyside Somali and Community Association 1043679 145 Granby Street Liverpool L8 2UR MHEge A Farah M H Ibraahim A Mohamoud Chair Ali H Mohamoud D O Salih Ying Huang ACCA LCVS 151 Dale Street Liverpool, L2 2AH Natwest Bank 5 Oxford Street. Liverpool, L7 7HL Charity Number Address & Office Trustees Treasurer Secretary Independent Examiner Bankers Signed on behalf of the Trustees A Farah - Trustee and Treasurer Date:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION I report on the accounts of the charity for the year ended 31st March 2024 which are set out on pages 6 to 18. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act. and to state whether particular matters have come to my attention. Res ective res onsibilities of trustees and examiner Basis of inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no op:nion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Charities Act., to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Inde endent examiner's statement Name: Ying Huang Relevant professional qualification or body: ACCA Address: LCVS 151 Dale Street, L2 2AH Dated:
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Totsl Funds 2024 Total Funds 2023 Income and endowments from: Donations and Legacies Charitable activities Other trading income 2a 2b 2c 987 3,650 987 70,597 1,329 92.579 1,723 66,947 Total income 4,637 66,947 71.584 95,631 Expenditure on: Charitable Activities 15,700 122,933 138,633 150,887 Total expenditure 15,700 122,933 138,633 150,887 Net (expenditure), net movement in funds (55,986) (67,049) (55,256) (11,063) Total funds brought forward 9,10 11.679 69,784 81.463 136,719 Total funds carried forward 8-10 616 13,798 14,414 81,463 The notes on pages 8 to 18 fonn part of these accounts. The net movement of funds for the year was derived from the continuing activities of the charity.
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2024 Notes 31st March 2024 31st March 2023 Fixed assets Tangible fixed assets 9,924 63,614 Current assets Debtors Cash at bank and in hand 6,171 122,428 8,542 3.301 11.843 128,599 Current liabilities Creditors: amounts falling due within one year (7.353) (14,500) Net current assets 4,490 114.099 Creditors: amounts falling due over one year or more (96.250) Total net assets less current liabilities 14,414 81,463 Funds: Unrestricted funds Restricted funds 616 13,798 11,679 69,784 8,10 14,414 136,719 Approved by the Trustees on: .. A Farah - Trustee A Mohamoud - Trustee
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 1. Accounting Policies Basis of accounting The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless other¥vise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) as amended for accounting periods commencing from 1st January 2019 and Charities Act 2011 and the Companies Act 2006. The accounts are prepared in sterting, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charity can build up the reserves to a level they require to continue in operational existence for the foreseeable future. The Trustees are confident that the levels of liquidity and free reserves will not affect the charity's operations. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the trustees to apply in accordan with the Gharity s objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received. with the excepts'on of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Fixed Assets Capital expenditure of £200 and above is stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below: Freehold Propety Equipment Fixtures and Fittings 10 % per annum Straight Line basis 25 % per annum reducing balan basis - 20°/0 per annum reducing balance basis
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses. induding support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of Financial Activities. Support and govemance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequendy carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the chanty's contractual obligations expire or are discharged or cancelled.
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance Costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and govemance costs are applied to unrestricted funds unless specifically included in the restrictions. as specified by the donor. Cost of charitsble activities relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and g0Veman costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 10-
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 2. Income and endowments from: a. Donations and Legacies Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 987 987 3,052 Donations Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities Granby Toxteth Development Trust Youth Play Grant John Moore Foundation Kitchen hire Liverpool City Council Liverpool City Council Mayoral Fund Liverpool City Council - Communities Resource Grant Liverpool City Council - Community Champions National Lottery Community Fund Pilkington Charity Foundation Room hire Trusthouse Charitable Foundation Writing on the Wall Ltd 9,500 6,000 9.500 6,000 3.650 6,000 3.650 3,900 39,992 3,600 5.000 5.000 5,000 29.994 11.453 5,000 29.994 11,453 5,000 15,107 480 16,000 2,500 Total 3,650 66,947 70,597 92,579 Income from charitable activities in 2023 comprised £4,380 unrestricted funds and £88,199 related to restricted funds Other trading activities Fundraising Income 1,723
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 3. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2024 Total 2023 To provide facilities in the interest of social welfare for recreation leisure time. 79,197 59.436 138,633 150,887 . Analysed as follows.. 2024 2023 Direct charitable expenditure." Salary staff costs Pension Building running costs Sessional fees Somali Appeal Volunteer expenses Activities and trips Venue hire Event Costs Donations Food and refreshments 52,858 748 13.642 9,430 57,037 1,013 17,595 3,800 1,750 500 500 860 3.985 300 2.219 1,177 79,197 88,217 Support & govem8nce costs.. Salary staff costs Office costs Travel expenses Insurance Sundry expenses Bad Debts Bank charges Payroll fees Accountancy Depreciation 1,426 2.251 612 1.243 300 1,389 245 446 750 54,008 3,049 1,189 237 481 790 53.690 59,436 62,670 Total expenditure on charitable activities 138.633 150,887 £122,933 (2023: £150,887) of the above expenditure is restricted expenditure 12
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 b. Staff Costs and Numbers 2024 2023 Gross wages and salaries Social security Costs Pension 52,858 58,463 748 1,013 53,606 59,476 c. Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 2024 2023 Charitable activities No employee received emoluments of more than £60,000 (2023: nil) The Trustees are not remunerated for their services and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to trustees in the year (2023: £nil} 4. Tangible fixed assets Freehold Equipment Flxtures and Property Fittings Total Cost At 1 sl April 2023 528,084 3.725 12.323 544,132 Balance at 31st March 2024 528.084 3.725 12,323 544,132 Accumulated Depreciation At 1st April 2023 Charge for the year 470,111 52.509 2.656 267 7,751 914 480,518 53,690 Balance at 31st March 2024 522,620 2,923 8.665 534.208 Net Book Value at 31st March 2024 802 3,658 9,924 Net Book Value at 31st March 2023 57.973 1 .069 4,572 63,614 There were no material commitments at the year-end (2023: none) 13
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 5. Debtors 2024 2023 Prepayments 8,542 6,171 6. Creditors: amounts falling due within one year 2024 2023 Accruals Net salary Other Creditor 1.625 4,194 1,534 750 13,750 7,353 14,500 7. Creditors: amounts falling due over one year or more 2024 2023 Other Creditors 96.250 96,250 8. Analysis of net assets between funds 2024 Tangible Flxed Assets Net Current Assets Total Unrestricted Funds General Fund Liverpool Cty Council - Land Donation 117 (2,501) (2,384) 3,000 3,117 (2,501) 616 Restricted Funds Community Donations Community Foundation Eleanor Rathbone Charitable Trust Granby Toxteth Development Trust- Youth Play Liverpool City Council Liverpool Cty Council - Communities Resource Grant Liverpool City Council - Communty Champons Liverpool City Council Mayoral Fund National Lottery Awards for All National Lottery Community Fund Skelton Charity Sleve Morgan Foundation Trusthouse Charitable Foundation 179 183 121 3,250 1,249 264 1,896 200 787 3.397 49 493 1,730 179 183 121 3,250 1.249 264 411 1,485 200 787 20 3,377 49 493 1.730 6,807 6,991 13,798 9,924 4.490 14,414 14-
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Tangible Fixed Assets Net Current Assets Total 2023 Unrestricted Funds 156 3.000 8,523 8,679 3,000 General Fund Liverpool City Council - Land Donation 3,156 8,523 11,679 Restricted Funds Clothworkers Foundation Community Donations Community Foundation Eleanor Rathbone Charitable Trust Granby Toxteth Development Trust- Youth Play Liverpool City Council Liverpool City Council - Communities Resource Grant Liverpool City Council - Community Champions Liverpool City Council Mayoral Fund National Lottery Awards for All National Lottery Community Fund Skelton Charity Steve Morgan Foundation Trusthouse Charitable Foundation Writing on the Wall Ltd 3,000 224 229 161 3,000 224 229 161 2,700 1,922 2,169 514 200 2,550 53,156 65 617 2,162 115 2,700 1,922 1,839 330 514 200 2,550 53.156 65 617 2,162 115 60,458 9,326 69,784 63,614 17,849 81,463 9. Unrestricted Funds Movements in the Income Expenditure ear Reserves At beginning of Year Reserves at end of Year 2024 General Fund Liverpool City Council - Land Donation 8,679 3,000 4.637 (15,700) (2,384) 3,000 11,679 4,637 (15,700) 616 15
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Movements in the ear Income Expenditure Reserves At beginning of Year Reserves at end of Year 2023 General Fund Liverpool City Council - Land Donation 1,247 3,000 7.432 8,679 3,000 4,247 7,432 11,679 General Fund is used to finance the charity's general activities as outlined in the Trustees, Report. Liverpool City Council - Land Donation - Land donated from Liverpool City Council to build the new building. 10. Restricted Funds Movements in the Reserves Income Expenditure At beginning of Year ear Reserves at end of Year 2024 Clothworkers Foundation Community Donations Community Foundation Eleanor Rathbone Charitable Trust Granby Toxteth Development Trust Youth Play Grant John Moore Foundation Liverpool City Council Mayoral Fund Liverpool City Council Liverpool City Council - Communities Resource Grant Liverpool City Council - Community Champions National Lottery Awards for All National Lottery Community Fund Pilkington Charity Foundation Skelton Charity Steve Morgan Foundation Trusthouse Charitable Foundation Writing on the Wall Ltd 3,000 224 229 161 (3,000) (45) (46) (40) (8.950) (6,000) 179 183 121 3,250 2.700 9.500 6,000 200 200 1.922 2,169 {673} (6,905) 1,249 264 5,000 <28,612) (1,763) (61,212) (5,000) (16) (124) (432) (115) 1,896 514 29,994 2,550 53.156 11.453 5,000 787 3,397 65 617 2,162 115 49 493 1,730 69,784 66,947 {122,933) 13,798 16-
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Movements in the Income Expenditure ear Reserves At beginning of Year Reserves at end of Year 2023 Clothworkers Foundation Community Donations Community Foundation Eleanor Rathbone Charitable Trust Granby Toxteth Development Trust Granby Toxteth Development Trust Youth Play Grant Liverpool City Council Mayoral Fund Liverpool City Council Liverpool City Council- Communities Resource Grant 6,000 280 286 (3,000) (56) (57) (54) 3,000 224 229 215 161 10.000 (10,000) 6.000 (3,300) 2,700 3,600 39,992 (3,400) (38,070) 200 1,922 413 5.000 (3,244) 2,169 Liverpool City Council - Community Champions Mayoral Fund National Lottery Awards for All National Lottery Community Fund Skelton Charity Steve Morgan Foundation Trusthouse Charitable Foundation Writing on the Wall Ltd 643 (129) (5,507) 514 5.507 2,550 2,550 103.018 87 15.107 (64.969) (22) (154) 53.156 65 771 617 2.702 16,000 2.500 (16,540) (2.385} 2,162 115 132,472 88,199 (150,887) 69,784 These are monies given to the charity to be spent at the discretion of the Board of Trustees for specific charitable purposes, as follows: Clothworkers Foundation grant towards the refurbishment of a new community centre capitalised previous year. Communlty Donations - funds collected from the community to support the running costs and refurbishment of building Community Foundation - men's health promotion activities and health and wellbeing activities for women. Eleanor Rathbone Charitsble Trust- Contribution towards ESOL course and equipment. Granby Toxteth Development Trust - Contribution towards 'Youth Mental Health. project and youth play. 17
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Granby Toxteth Development Trust Youth Play Grant- Contribution towards youth play project. John Moores Foundation - Contribution towards salaries costs Liverpool City Council - Contribution towards activities Liverpool City Council - Communities Resource Grant - Funding towards core running costs. 2024 2023 Utilities (heatllighuwater) Salaries Telephonelinternet Sessional Costs Event Costs Repairs Insurance Rates Accountancy Depreciation 694 4,022 113 100 1,484 1.042 635 450 1,189 271 66 83 TOTAL 6,905 3,244 Liverpool City Council - Community Champions - Contribution towards salaries, interpreting and translation costs Liverpool City Council Mayoral Fund - Contribution towards food & refreshments. Room hire, workshops etc. National Lottery Awards for All - Contribution towards 'Youth Mental Health, project National Lottery Community Fund Building Links: upgrading of the facilities to provide a multi-cultural community centre and develop social cohesion through the provision of recreation, social, welfare and leaming activities and ser4ices. Toward salaries of the Community Development Worker, Project Co-ordinator. the Caretaker and freelance youth worker fees plus project's general cost. Pilkington Charities Fund - Contribution towards equipment and running costs. Skelton Charity- Contribution towards equipment and activities Steve Morgan Foundation - Towards meals cost as a response to covid-19 Trusthouse Charitable Foundation - Contribution towards salaries and core costs Writing on the Wall Ltd - Contribution towards general costs. 11. Related Party The were no material related party transactions during the year which require disdosure. (2023: None) 12. Guarantees and Other Financial Commitments There were no financial commitments at the end of the year. (2023: None) 18-
MERSEYSIDE SOMALI AND COMMUNITY ASSOCIATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 (This page does not fonm part of the statutory financial statements) 2024 2023 INCOME 66,947 987 88,199 1,329 1,723 3,900 480 Grant income Donations Fundraising Kitchen hire Room hire 3,650 Total Income 71,584 95,631 EXPENDITURE Charitable activities Staff salaries costs Pension Heat and light Rates Telephone and internet Water Printing, postage, stationery Sessional fees Volunteer expenses Activities and trips Event Costs Donations Travel expenses Insurance Food and refreshments Repairs Cleaning and waste removal Venue hire Somali Appeal Sundry expenses Bad Debts Bank charges Payroll fees Accountancy Depreciation 52.858 748 9,161 271 2,100 1,091 949 9.430 300 58,463 1.013 6,633 1,400 1,935 659 316 3,800 500 500 3,985 2.219 612 1,243 1.177 7.988 915 860 1,750 300 1,389 245 446 750 54,008 1,189 2,496 623 237 481 790 53,690 Total expenditure on charitable actlvities 138.633 150,887 Net (expenditure) for the year (67,049) (55,256) 19-