HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIA TION (A company Llmlted by Guarantee) ANNUAL REPORT AND ACCOUNTS Year ended 31 March 2024 REGISTERED COMPANY NUMBER 4285470 REGISTERED CHARITY NUMBER 1090709
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT ANDACCOUNTS FOR THEYEAR ENDED31 MARCH 2024 Legal and Administrative infonnation Trustees/Directors' report Statement of Trustees, responsibilities IndependentAudit Report Statement of Financial Activities 10 Balance Sheet 11 Notes forming part of the financial statements 12.15
HARINGEY 80MALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 HARINGEY SOMALI COMMUNITY AND CULTURALASSOCIATION is a charitable companylimited by guarantee, incoryorated on 11 September 2001 and reglstered as a charitywith the Charirycommlsslon on 20 February 2002. The companywas reglstered under a Memorandum of Assoclation which establlshed the objectives and powers ofthe companyand15 governed under Its Art5cles of Association 15 April 1989. The Harlngey Somali Communlty and Cultural Assoclation (HSCCA) Is one of the leading Somali lead charitsble companles In London provldin8legal advlce, Informatlon and support servlces to members of the Somali Communlty In Harlngeyand nelghbourlng boroughs. The Organlsatlon has been provldlng advlce and support services for Somall refugees andasylum seekers as well as Somali British cltizens for over twentyyears. Although itrs based in the London borough ofHaringey, servSces ofthe HSCCA are accessed by Somalls from other London boroughs such as Enfield, Islington, Barnet, Hackney and other neSghbourln8boroughs HSCCA has supported thousands of Somalls over the last 20 years to access services, overcome barrlers to successful resettlementand Integratlon and learn about thelrrights, entitlements as well as their obligations and responslbllltles. REGISTERED COMPANY NUMBER 4285470 REGISTERED CHARITY NUMBER 1090709 REGISTERED OFFICE: Splhv r.p.ntrp. Selby Road Tottenham London N17 8JL BANKERS 17 The Broadway South8ate London, N14 6PP ACCOUNTANTS & AUDITORS Accounting Unlt 9, 194 FORE STREET, LONDON, N18 2JB
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 The directors of the charitable company are its trustees for the purpose of charity law and throughoutthls report and are collectively referred as trustees. The appointed trustees are as follows',- Rasheed Maigag Ismail Abdi Abdirahman Abdullahi Abdi Omar Ali Bobe Abdi Ali Mohamed lama lfiye The Association is a company limlted byguarantee and has charltable status. its governlng document Is clearly set out in its Memorandum and Articles of Association. The Association is a membership Organisation. and members of the Associatlon can only be appolnted as trustees. The Trustees of the organisation actively consider how planned actlvltles and events contrlbute to the alms and objectives set out In the organlsation business plan. All newly appointed Trustees are inducted b the HSCCA Manager and other executlve Dlrectors and are Epropriate documents that contain their ro Iven arlty Commission. es and responslbilities as referred to the guldance publlshedty the Additional external training is also provided to all newlyappointed Trustees when new opportunltles become available. This is malnly desl ned to ensure that Trustees follow the rules in the charltys governlng document and to support them to fufril their roles and responslbilities effectively, The organisation day-to-day responsibility is delegated to the Manager to Implement all operatlonal and strateglc decisions, and all decisions relatfng to Governance and Management of the Organi5ation are taken by the trustees. The HSCCA engage in partnership with many other organisatlons and charitable companies, but thls does not have an impact on the operational policies adopted by the charity. The relationship between the charity, related parties, and with any other charities and or the pursuit of its aims and objectives as clearly indicated in the organisation's governing This ear the Chari has engaged In partnershlp wlth Harlngey Councll, Haringey Communlty & Parents Forum egal Advice partnership. The Association also worked with Drugs & Race Equality Coalition and London Metropolltan Police Servlce. Rlsk Assessment anisatlons is solely In ocument. The charlty manages its exposure to any unexpected risks the charity faces such any changes In fundin other events that may have a significant impact or inhibitin Management Committee meetings, and systems are put in p any areas of the charity operations in the ace to mitigate those risks. Internal risks are also considered and appropriates measures are continually implemented to safeguard the organisatson resources. and any rustees
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT AND ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2024 QBIEcfivES AND ACTIVITIES To promote any charltable purpose for the beneflt of refugees, other mlgrants and thelr famllles In the London Borough of Harlngey and otherborou hs, and partlcularly for people ofsomall orlgln by the advancement of educat5on, the protectlon of health an5 the rellef of poverty, slckness and dlstress, HISTORY The Harln ey Somall Communlty and Cultural Assoclatlon (HSCCA) Is one of the oldest somall.le a5soclatlons In London, havln8 been founded In Aprll 1989. HSCCA was founded durlng the flrst wave of refugees In the London Borough of Harlngey, and It has built up a remarkable 35 years of hlstory ass5stlng groups that are dlfflcult to reach In the clty. Our constant commltment focuse$ on removlng barrlers, promotlng awareness ofrlghts and obll arlons, and easln¥ access to essentlal servlces to enable members of the communlty to fuifili thelr full potentlal. Our prlmary goal Is to em ower and Integrate London'5 Black, Aslan, and Mlnorlty Ethnlc (BAME) communltles, Inc udlng the Somall populatton, Our overall vlslon Is driven by our vlslon of a soclety In whlch these communltles can meet thelr commltments and reallze thelr full potentlal as essentlal members of UK soclety. The Provlslon of advlce level, casework level, Infonnatlon and support servlces on Housln& Welfare Bcneflts, Heolth, Communlty care, and Educatlon. Specla115t Housln8 Advlce Support provlslon for vulnerable Somall adults, Educatlon Advlce and supporL Hornework support and mother tongue classes.
Communlty Advlce, Infonnatlon and Awareness workshops. Awareness of mental health needs of asylum.seekers, refugee other mlgrants. The Assoclatlon work Is gulded by an annual work plan and 3 years, buslness plan. HSCCA wlll keep Implementln Its current plans for growth Into practlce whlle trylng to etyectlvely manage the rlslng ernand. As of March 31$¢ 2023, we have provlded assistance to a total of 3274 service users. Among them, 2153 Indlviduals were asslsted wlth welfare beneflts, 704 recelved support for houslns issues, 91 obtalned flnancial a5SiStance. 24 were alded In flndlng employment, 34 recelved asslstance related to health concerns, 5 were supported In thelr educational pursults, 33 engaged wGth communlty resources, and 25 recelved Immlgratlon-related supporL Our commltment extends to dellverlng comprehenslve support to these servlce users, particularly In matters related to houslng, Th5s encompasses welfare rlghts, debt management, underlylng health concerns, and mental health needs.
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 RCH 2024 To address the unlque requlrements ofeach service user within the HSCCA framework, we conduct thorough assessments and document their needs and potential rlsks through dedlcated assessment forms. Subsequently, these assessments are transfornied Into personalized support plans. These plans serve as guldlng HSCCA Client contact data 0110412023 3110312024 600 500 400 300 200 loo Serle51 ll Serles2 Miss N, of Somali heritage, came to the UK as a refu ee with her husband. She suffers from multiple health issues, Including type 2 diabetes an osteoarthritis. When her Employment and Support Allowance (ESA) was abruptly stopped followSng a work capablll assessment organlzed by the Department for Work and Pensions (DWP), she found hersel Ina precarious situation, The suspenslon of her ESA led to the suspension of other related beneflts, Includlng housing beneflts, At thls critlcal juncture, Miss N approached the HSCCA office for the first tlme, havlng been referred by a frlend. One ofour dedlcated staff members conducted a thorough needs and rlsk assessment, documentlng all of Mlss N's needs not just those she Initlall SOU8ht help for and identifying any associated risks. After cornpleting the assessment, the advisor identified ailher needs and began craftlng a comprehenslve support plan. Thls plan autlined the tssks to be undertaken on her behalfto address her needs, as well a5 the commitments requlred from Mlss N and the agreed-upon deadlines for each task. The HSCCA advisor ftrst prepared a Mandatory Reconsideration request letter and submltted It to the DWP, asking them to reconsider their decision regarding Miss N's ESA. However, thls request was denled, and the DWP upheld their original decision. Undeterred the advisor then a ealed on Miss N's behalf to the tribunal services. After several months, the trlbunal'unanlmousl ruleifn Mlss N's favour, declarlng that she was Indeed entltled to ESA, thus overturnlng the DWP, ecision. The tribunal's declsion resulted In Miss N receivin backdated pa period from the suspension of her ESA. AdditionaiFy, her housing ments arnountln leneftt was back which covered all the rent arrears accumulated durlng the trlbunal's deliberation. HSCCA successfully assisted Miss N in appeallng her ESA clalm and ensured the backdating of her houslng benefit. to £2,800, coverln , amountlng to the 6,500, We also helped her resolve council tax reminders received during the waiting period. The advisor explained the tribunal's decision to Mlss N, provided guidance on preventing similar issues in the future, and reassured her that HSCCA remalns avallable to support her and others In need.
HARINGeY 80MALI COMMUNITY AND CULTURAL A880CIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 The Assoclation's supplementary and mother tongue classes play a crucial part in Improvlng the educatlonal standard of Somall chlldren. Over 90 chlldren took part in these extra.currlcular actlvltles that help youngsters in all key stages of the currlculum wlth math and sclence. The servlce Ss bu51t around the needs of chlldren and young people, partlcularly those who are most vulnerable to underachievement and dlsaffection. HSCCA has made good progress In recent years In developlng s t8llored rovlslons for oun8 people, which can be bullt on an partners Ip worklng wlth parents and communlty members, eclallst and Indlvtdually mproved throush effective Internally, the maln outcomes monltorlng methodology used by the Association was anal ses ofthe Assoclatlon's dally serv5ce take up record sheets and monthly monltorlng serv ce take up sheets, dlscusslons wlth Indlvidual servlce users, servlce user feedback surveys, evaluarlon of Informatlon semlnars and staff and self-report5ng. The servlce proflle above does not Include the number of $ervlce users who have beneflted from the Assoclatlon's workshops. The fl ures also do not Include the number ofsomall chlldren that benefit from the Organ zatlon's Supplementary and mother tongue classes. For the past 35 years, HSCCA has been Instrumental In supportlng tens of thousands of Somalls to access essentlal servlces, surmount challen es related to resettlement and Integratlon, and galn a profound understandln8 of thefr rlghts, prlvlleges, as well as thelr commltments and dutles. Our organl£atlon's commendable track record revolves around talloring a bespoke network ofsupport for each of our serv5ce beneficiarles, showcasin our proficiency In service dellvery and adeptness In formlng collaboratlons wlth var ous agencles and entities. Accumulatln extenslve ex ertlse over the precedln8 35 ears we have honed our ablllty to effectlvely a ress the dlst nctlve requlrements of Somali refugees, asylum seekers, and uther marglnall£ed eLhnlL groups. Ou r well-versed advlsors possess reflned tralnln comprehenslve our cllents, chaie uldance, all the whlle acknowle enges. and the necessary sklll set to offer glng the imperatlve to holistlcally address As a component ofthe Harlngey Councll Core fundin assessment, the HSCCA underwent evaluatlon conducted by a consultant appolnted by t e councll. The outcome of the review was favourable for the Assoclation. Moreover, the assoclatlon has regularly partlc5pated Sn a comprehenslve performance In obtainSng the adv uallty assurance audit biennlally, durln8 which we achieved an outstanding ce quallty Standard mark. Through ongolng endeavors to enhance our servlce's quality assurance, coupled with the substantlal satisfaction exhlblted by our servlce users, our organlzatlon has conslstently excelled. Thls has enabled us to uphold the prestlglous Advlce quality mark for two decades, attesting to our commitment ro excellence.
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 The Association Is a member of Advlce UK, Haringey Communlty Collaboratlve, Harlngey Housing related support, the Refu ee Council, Council of Somali Organizations (CSO), Haringey BME network BEACON Éducation Partnership and charity excellence framework. We alm to have enough reserves forat least three months In accordance wlth our pollcy and plan to accumulate 3 months of expendlture over several years. For the ast seven years, we have been able to collect 6% of our unrestrfcted funds, and we are currently on track to meet the H early expendlture from ¥ccA trustees, alm. This target wlll be revlewed annually to take Into account chan8e5 on the Assoclatlon's annual Income and expendlture. As part of the HSCCA'S commitment to build a reserve base, the Associatlon will Include a plan to increase reserves of unrestricted nature. Princlpal fundlng sources including any borrowings and how expendlture In the year under revlew has supported the key oblectlves of the charlty. The Serv rlnclpal funding sources of the Association came from Communlty S eclalist Advlce ce, City bridge trust, clothworkers foundatlon and contrlbutlons male by members of the community and Trustees. The Association's plans for the future include;
Employment Tralnlng Servlces. Health Related Services. Youth uidance services. MentafHealth support servlces Further development and strengthening of the Assoc5ation sup The charlty lans to expand its current charitable actlvltles an lementary classes. assessment of P carry out further needs ts servlce users, and subsequently wlll put In place more rlgorous strategles to Secure more funding and In accordance with aims and objectives, Provisions of vocational courses such as diploma in Health and soclal care Level 3. Provlde a strong community infrastructure and supportive soclal networks to members of our communltles to show reslllence, adapt to changes and thrlve regardless of thelr economlc capacltles. The Assoclatlon does not hold any funds on behalf of other partles.
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Company law requlres the trustees to prepare flnanclal statements that give a true and falrvlew of the organlsatlon's flnanclal actlvltles durlng theyear and its flnanclal posltlon atthe end ofeach flnanclal year, In dolng $0, the trustees are requlred to:
Select sultable accountlng pollcles and then applythem conslstently Make judgments and reasonable and prudentludgments State whether appllcableaccountlng standards and statements of recommended prarticehavebeen followed, sub5ect to any departures dlsclosed and explalned In the financial statements Prepare the flnanclal statements on the golng concern basls unless Its Inapproprlate to presume thatthe orsanisatlon wlll contlnue In operatlon forthe foreseeable future. The trustees are responslble for keeplng proper accountlng records that dlsclosewlth reasonable accuracyat any tlme, the flnanc5a5 pos5t5on of the company and enable them to ensure that the flnanclal comply with appllcable laws, re8ulatlons and the trust deeds, They are also responslble for safesuardlng the assets of the organSsatlon and hence for taklng reasonable steps for the prevent5on and detectlon of fraud and other Irresularltles Includlng money launderlng. S58ned on behalfof the tNstees: Abdlr8hma Abdullahl Ismall Hassan Abdl Secretary Treasurer
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDEwf AUDITOR'S REPORT TO THE MEMBERS OF HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION We have audited the fSnanclal statements of Harlngeysomali Communlty and Cultural Assoclatlon fortheyear ended 31 March 2024, which comprise the Statement of Financial Activlties which is also the Income and Expenditure Account, the Balance Sheet and the related notes. The financial reporting framework thathas been applked to their preparatlon is applicable law and Unlted Klngdom Accountlng Standard5 (Unlted Kingdom Generally Accepted Accounting Practice) Respertlve responslbllltles ofdlrectors and audltor As explained more fully in the Trustees, Responsibilities Statementset outon page 4, the trustees (who are also directors of the charitsble company for the purposes of company law) are responsSble for the preparation ofthe financial statements and forbeing satisfied that they glve a true and falrview, Our responslbillty IS to audlt and express an opinion on the organisatlon's financlal staternents In accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to complywlth the Auditing Practlces Board's Ethical Standards forAudltors, Scope of the audlt of theflnanclal statements An audit involves obtaining evidence about the amounts and dlsclosures In the flnanclal statements sufflclent to give reasonable assurance that the financlal statements are free frorn material mlsstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are approprlate to the group's circumstances and have been consistently applied and adequately dlsclosed,, the reasonableness of significant accounting estimates made bythe directors,, and the overall presentatlon of the financial statements, Oplnlon onflnanclolstatements In our opinlon the group flnancial ststements: Glve a true and falr vlew of the state of the charitsble company's affairs at 31 March 2024 and of Its Incoming resources and applicatSon of resources, Includlng Its Income and expendlture, for the year then ended 31 March 2024. Have been properly prepared In accordance wlth IFRSS as adopted by the UK. Have been prepared in accordance with the requirements of the Companies Act 2006. Oplnlon on other matterprescrlbed by the Companles Art 2006 In our opinion the information given in the trustees, annual report for the flnanclal year forwhlch the chariy's financlal statements are prepared is cansistentwith the organisatlon's flnanclal statements. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following: Under the Companies Act 2006 we are required to consider whetherwe have identified any inconsistencle.s bettveen our knowledge acquired during the audltand the directors, statement that theyconsider the annual report is fair, balanced and understandable and whetherthe annual report appropriately discloses those matters thatwe communicated to the trustees whlch we consider should have been disclosed. Weare also required to report on whetherwe have not received all the information and explanatlons we require for our audit. As ststed above, we have nothlng to declare In regard to the above requlrements. Youslf Abdl- BA, ACCA, FCCA- certjfled accountant Sl8n3ture: On behalfofAllah Accountln8 Servl¢es Dats: 0510912024
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES (Includin8 Income and Expenditure Account) for the year endod 31 March 2024. STATEMENT OF FINANCIAL ACTIVITIES (Includln8 Income and Expenditure Account) for the year ended 31 Marth Z024 N¢t•• UNREsfRbcfED FUNDS RESTRICTED FUN TOTALFUNDS TOTAL FUNDS INCOMING RESOURCES: 77.364 Voluntary Grants (i) 93,613 93,613 Don4ilpni 10,64J 10,645 11.040 GIftB In Klnd 300 S•rylvoi Inv•rtmont Incorn• Total IDctsmln RemUr81 93 613.0 104 RBSQURCHS BXPENDKDI Cofits for8en•ratlni fundi Charltabl• Artfjvltl•• (2) {61.174) 161.174) {77.423) Supported A¢¢lvltl•i (z) (10.64J) {27.153) <37,800) (11.3401 TOTAL RESOURCES EXPBNDEDI Net Surplui/D*fldt for the yoar 5,284 5,284 141 Optnlni fundi Tronrfor of fundi 48.146 4B.146 48,005 OptnlD4 fvndi Tranrfor offvndi Trgnifer ¢¥f funds CLOSING FUNDS., 5,284 53AaO 48A46 10
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 BALANCE SHEEr AS AT 31 MARCH 2024 HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION 2024 2023 Notes COMPL TERS & OFFICE FURN]TURE AT COST L5 ACCUMULATED DEPRECIATION 131 12,131 (6,908) 6,391 (5,040) NET BOOK VALUE 5,223 991 TOTAL FIXED A8SETS 991 DBBTORS PREPAYMr5 CH AT BhNK & IN HAND 141 50,674 51.829 IY)TAL CURRENT Assm CREDITORS 151 (2.4671 (4.674) 53,430 48,146 RFSTRICTED FLNDS LNPSSTrIC1ED FLNDS 53,430 53,430 48,146 Approved by the board on 09/09/2024 and signed on behalf of the board by.. Abdlr hman Abdullahl Mr Ismail Hassan Abdl li
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT AND ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2024 NOTES FORMING PART OF THE FINANCIAL sfATEMENTS: ACCOUNTING POLICIES: la) The flnancial statements have been prepared under the historical cost convention, with the exception of Investment, whlch are valued at the prevalling market prlces. The flnancial statements have been prepared In accordance wlth the statement ofRecommended Practice.Accountingand reportingby charltSes (SORP2005) Issued In March 2005, appllcable UK accountlng Standards and the Companles Act 1985. The prlnclpal accountlng pollcles adopted In the preparatlons of the financial statementsare set out below, Ib) INCOMING RESOURCES: Voluntary Income Includes donatlons, glfts,legacies and grants that provlde core funding orare of general nature are recognlsed where there Is entitlement, certainly ofreceipts and the amountcan be measured wlth sufflclent rellablllty, Such Income Is only deferred when: The Donor speclfied thatthe grant or donation must onlybe used in future accounting periods, or The Donor has Imposed condltlons, which must be met before the charlty has uncondltlonal entltlement. Income from commerclal tradlng actlvltles Is recosnSsed as earned as the related goods and servlces are provlded. Investment Income Is recosnlsed on a recelvable basls. Income from charltable actlvltSes Includes Sncome received under contract or where entldementto grant fundlng Is subject to speclflc performance condltions Is recognlsed as earned (as the related 800ds or servlces are provlded), Grant Income Includes In the category provlded fundlng to support performance actlvltles and Is reco8nised where there 5s entltlemenL certalnly of receipts and the amountcan be measured wlth sufflclent rellablllty. Income Is deferred when admlsslon fees orperformance relatedgrants are received in advance ofthe performances orevent to whlch they relate. Ic) RESOURCES EXPENDED: Expendlture Is recognlsed when a Ilablllty is Incurred. Contrartual agreements and performance related grants are recognised as goods or services are supplied. Othergrant payments are recognised when a constructlve obligation arises that result in the payment being unavoldable. o Cost of generating funds are those costs incurred in attractln8voluntary income,and those Incurred In tradlng activ5tles that raise funds. Charltable actlvltles Includlng expendlture assoclated wlth the actlvltles are included the dlrect costs and support costs relatlng to these activities. o Governance costs Include those incurred in the governance of the charity and Its assets and are prlmarily assoclated wlth constitutlonal and statutory requirements. Id) REsfRICTED FUNDS: Restrlcted funds are to be used for speclfted purposes as lay down by the founder. Dlrectand support expendlture, whlch meets these criteria, 15 deflned to the fund together with a fairallocation of other costs. 12
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 le) UNREsfiucTED FUNDS: Unrestricted funds are funds recelved with no restrictions placed in theSr expenditure and are available as general funds. ifj Revenue grants are credited to Incomlng resources on the earller of when they are recelved on when they are due. Note I INCOMING RESOURCES: TOTAL DONQKS 2024 2024 Harina•y Coun¢ll SP Clty Bndoe InJBt (Clty ol LoTthI Ch2n•118 Coun¢il of S8[1 Org.( CSOI Clothi¥cfkw Found•tl 45,WO.00 38,813. 38 813.¢XI 28,845.0) 8,215.LK) .' 11 crfo.tsj 2,430.CO 9,XQ.CO 2,430.OD 9,800.C¥) TOTAL
3.613. | -W25&CQ NOTE 2 TOTAL RESOURCES EXPENDED EXPENSE Staff C06t Peneicn HMRC Pgyrc41 co•ti Offie• Rwt Telephone Cost8 Office Suthlel In8ur4rce CRM Sotsore Membershlp fees Bank Char8e5 Malntenance Costs Runnln8 Costs Professlonal Fees Accountln8 Fees Depreclatlon TOTAL RESTrICTED FUNDS 61,174.DJ 3,956.DJ UNREsTricfED FUNDS 10 6117A.OJ ,134.CQ 2,CQ2.L)J 461.OJ 892.( 527.OJ 461,CQ 297.oj 297.1)J 119.oj 145.Q) 2,.CO 9),0) 1,301CQ 1,508,(M) 36LQ) 13ts).OJ 1,5Cé,Q) 974. 1,2DJ.¢y)I 360.CJ), 13
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 3) TANGIBLE FIXED ASSETS Flxed assets Costing in excess of £250 are capitalized and are shown at historical cosL Depreclatlon is provlded, after taking into account of any grants receivable. Tanglble flxed assets are depreclated at 20% reduclng balance. At Cost 0110412023 Addltions - Offlce Furnlbjre LY5W5a15 Revalualjons Transfers A5 at 31 March 2024 6,391 5,740 12,131 D•pr•clatknn: Accumulated t*preclatJon as 0110412023 (5,400) Charge for the year At 31 March 2024 (1,508) (6,908) Net Value it 31 March 2024 5,223 4) CASH AT BANKAND IN HAND The Assoclatlon has a cash balance of £47,754 In its bank a¢countas at 31 March 2022. 2024 2023 £50,674 £51,829 CREDITORS The assoclatSon has had correctly accrued unpald invoices that total up to of £2,467, which relates to services rendered In the financlal year ended 31 March 2024, 6) TAXATION The charltable company Is exernpt from taxation under sections 466 to 493 of the Corporation TaxAct 2010 7) CASH FLOW sfATEMENT The company has tsken advantage of the exemption in Financlal Reporting Standard No I from produclng a cash flow statementon the grounds that It Is a small company. 14
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 8) EMPLOYMENT cosfs/suppoRT STAFF COSTS 2024 2023 £61,174 £ 64,346 9} TRuEEs EXPENSES The trustees neitherreceived norwaived anyemoluments during the period. io) ANALYSIS OF NET ASSETS BETWEEN FUNDS There was no transfers or virement of funds between funds and budgeted actlvities. li} RELATEDPARTIES: There are no related parties. END 15