HARINGEY SOMALI COMMUNITY AND CUL TURAL ASSOCIA TION (A company Limited by Guarantee) ANNUAL Rf.PORT AND ACCOUNTS Year ended 31 March 2025 REGISTERED COMPANY NUMBER 4285470 REGISTEAED CHARITY NUMBER 1090709
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNI'S FOR THE YEAR ENDLD 31 MARCH 202S l.egal and Administrative information Trustees/Directoi's' report Statement of Trustees, responslbilities IndepeiidentAudit Report Statement of Financlal Activities 10 Balance Sheet 11 Notes formlng part ofthe financial statements 12-15
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL IlkPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 IIARINGF.YSOMAI.I COMMUNITY ANDCUI.TURAI.ASSOCIATION is a Lharitablecompanyliinited by giiarantee, incorporated on 11 September 2001 and registered as a charity with the Charity Commission on 20 February 2002. The cnnipiny wa.s regiltei'ed Linder a Memarandiirn nf AssDLiatinn which e%tahli%hed the ohjective.s and powers of tlie compaiiy and is governed under its Articles of Association 15 April 1989. The Haringey Somali Cominunity and Cultui'al Association {HSCCA) is one of the leading Somali lead chai'itable companics in London providing logal advice, information and support services to members of the Somali Community iii H¢iringey ai)d neighboLlI'ing boroughs. Tlie Organisation has been providiiig advice and support services for Soinali ref'ugecs and asylum scekers as well cls Somali British citizens for over twentyyears. Alrhough it's based in the London borough of Haringey, servlces of the HSCCA are aLLessed by Somalis from ()ther Lnndon bor()UUFhs siich as Enfield, Islington, Barnet, Hatkney and other nelghbouringbor(iughs HSCCA ha.8 %upported th()u.sands i)f Somalls aver the lagt 20years to acce.ss %ervices, overcome barriers to successful resettlement and integration and learn about their riglits, entitleinent.s as well as their obligations and responsibilities. REGISTERED COMPANYNUMBER 428S470 RLGIS'I'ERdD CHAKI'I'Y NUMBER 1090709 REGISTERED OFFICE: .%olhv C,eiitro Sclby Road Tottenham London N17 8JL BANKERS 17 The Broadway Southgate London, N14 6PP ACCOUNTANTS & AUDITORS ALcounling Unit 9, 194 FORC STRECT, LONDON, N18 2JB
HARINGEY SOMAU COMMUNITY AND CULTURAL ASSOCIATION ANNUAL RLPnRT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 202S The directors ofthe charitable company are its trustees for the purpose of cliarity law and throughout this rcport and are Lnllectively refei'red as trustee.s. The appointed trustees are as follows:. Ra%heed Maigag Ismail Abdi Ahdii'aliman Abdullahi Abdi Oiiiar Ali Bobc Abdi Ali Mohained Jama Ifiye The AssoLlatlon Is a Lompany limited by guarantee and has charitable status. Its governlng document Is clearly set out in its Meinorandum and Articles of Association. 'I'he A%%oLiatiun is a member%hip Organisatiun, and members uf the A.450ciar.lon can i)nly be app(Ilnted as tl'LlStees. The Truslees of Ihe oi'ganisatiun aLlively Lollsi(lei' how plaiined aLLivities and events contrlbute to the aims and objectlvcs sct out iii thc orgaiiisation buslncss plaii. All iiewly api)oli)ted Ti'uslees arc inducted b the HSCCA Mana priJpri<lte documents thaf contain thelr ro es and responslbi arity Commission. Additlunal external tralnlnA is als() provlded to all newly appointed Trustees when new opportunlt5es become available. er and othei. exccutlvc Directors and are iven Itles as referred tu the guidance pub115hedly th Thi5 is Inalnly desi lied to ensure that Trustees follow the rules In the charlty's governlngdocument and to support thcm to fu lil their roles and rosponsibllitics effectlvely. The organisation day-to-day responslbillty Is delegated to the Manager to Implement all operational aiid strateglc decisions, and all decislons rel.Iting to Goveriiance aiid Managemeiit of the Organisation are taken by the ti'ustees. The HSCCA enRaRe in partnership with mJny i)tl)er orkJani5ations and charltable companie.%, but this does not have an impact on ihe operational policies adopled by the charity. 'I'he relati()nship between the Lharity, related partie5, and with any other charities and (Ir the pursuit of its aims aiid oblectives as clearly indicated in the organisatioii s governing Thi.$ ear the Chari and Idvicc UK Ban has engaged In partnership wlth Haringey Council, Haringey Community & Parent5 Forum egal Advicc partiicrship. The Association also worked with Drugs & Race Equality Coalirion and London Metropolitan Police Servlce. Rlsk Assessment The charity manaues its exposure to any unexpected risks the charlty faLes such any Lhanges in funding and any other event5 that may have a significant impact oi. inhibitln any areas ofthe charity operations in the Trustees Maiiagement Committec mcetings, and systems are put in p ace to mitlgate those risks. Internal risks are also considered and appropriates measures are contiiiually implemeiited to safeguard the org1Dlsation resources. anisatlnns 1% solely sn ocument.
HARINGEY SOMALI COMMUNrrY AND CULTURAL ASSOCIATION ANNUAL REPOIIT AND ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2025 OBJEcfivES AND ACTIVITIES A summary of the objects of the charity alms as set out In its governlng documenL To promote amy chai'5table purpose for the beneflt of i"efugees, other migrants and thelr famllles in the London Borough ot Haringcy and othci. boroughs, and particularly lor pcoplc ot'somali origin by thc advanccmcnt ot cdiication, the pi-otection of heiilth and the relief of povcrty, sickness and distress. The Charltles maln ob ects for the ear are as follows: The Provision of advice level, casework level, Information and %uppnrt.servlces on Housing, Welfare Benefits, Health, Community care, and Education. Specialist Housing Advice Support provision for vulnerable Somali adults. Cducation Advice and support. Homework support and mother tangue classes. Commuiilty Advicc, Informatlon and Awarciicss workshops. Aw<irene5s of mental he<ilth iieeds of asylum-seekers, refugees and other Imigranl's. natlon f th harlt The Association work Is guided by an annual work plan and 3 years, biis5ness plan. Details of si nifi¢ant actlvltles includin nificant ervlces achle ntof urs at ro rammes ro ects or rovided that contribute ur nti activltl AS ()f March 3 1, 2025, the orRaDizatlon provided assistance to 3,025 service users. The distributi()n of sUPPQrt is outlined below- 1,801- Welfare benefits a5SlStaiice 561 Hou51ng-i'elated support 353 ~ Utility assistance 196- Health.related concerns 45 - Immigrats'on-related support 39- Financial support 17 - Educatlon-related support 33 - Community resource engagement
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR I'HE YEAR ENDED 31 MARCH Z025 Focus Areas of Support Housing continues to be a core area of intcrvention, underpinned by Iiolistic assistance that also cncompasses., Welfare righLs advocacy Debt managenient support Addressing underlying health condltions Mental health support This integrated appi'oach ensLires that service users receive Colp1"ehensive assistaiice that responds to both Immediate and long-term needs. Frarnework and Process Service dellvery is guided by the HSCCA framework, which emphasizes a pei'son-centered and structured approach: Assessment- Each serviLe usei. undergoes a thorough needs and rlsk assessment, documented uslng standard17.ed assessment forms. Planning- Assessments are translated into personalized support plans tail()red ta Individual cirLumstanLes. Implementatton - These plans seive as IDadmaps for actlon, ensuring effective coordlnatlon ofservices and mcasurablc outcomes. Commentary The brcadth and depth of scrvlccs dcllvcrcd this year rcflcct our ongoing commitment to supporting vulnorable ffiiidividualb and famllle.s. By Lombining immediate assistance with long.tLJrm planning, we are able to address not only urgent need.s but also the systemiL barrier.s that affeLt wellbein& such as housing Instability, financlal insecurity, and health iiiequalities. Our continued focus on tailored support plaiis ensui'es that every Service iiser rcceives interventioiis that are botli relevant aiid sustainable. HSCCA Client Contact Data 0110412024 -3110312025) 1,, 50U 400 300 200 100 24 1 53422 11124411114 1142 3 9 915310BI
HARINGEY SOMALI COMMUNrrY ANO CULTURAL ASSOCIATION ANNUALREPOIIT ANDACCOUNTS FOR THEYEAR ENDED 31 MARCH 2025 lementa classe 'I'he Association's .su plementary and mother tongue classes play a crucial part in improving the educational standard ol Somali c ildi-en. Over 90 children took part in these extra-curricular activities that help yoiingsters In all key stages of the curriculum with math and science. Thc scrvicc Is built around thc nccds ofchildrcn and young people, particularly those who arc most vulncrablc to underachievement and disaffecti(Jn. klSCCA has made good progress in recent years in developing specialist and individually tailored provisions for young people, which can be built on and Improved through effective partnershlp working with parents and cominuiiity members. Achlev ments and Performanc Internally, the main outcomes monitoring methodoloEy used by the Association was analyses i)f tlie Association's daily service take up record shee(s and monthly monitoring servlce take up sheets, discussions with indivldual service users, service user feedback.survey%, evaluatl(In ot. inl'()rinati()n seminars and Staff and .sell".rep()rting. The service profile above does not include the number of service users who have benefited from the Association's workshops. The fikFure% -1150 do n()t inLlude the number i)f S()mall Lhildren that benefit from the Oi'ganization's supplementary and niother t(Ingue L13%5es. Who used and benefltted from our servl¢es In 2024- 2025 For the past 36 years, FISCCA has been Snstrumental In supportlng tens of thousands of5omalls to access esseiitial servtces, surmouiit challeiiges related to t'esettlement aiid integi <ltioii, aiid gain a profound undcrstai)dliig of thelr rlgl)t5, prlvlleges, as well as tl)elt' comiiiltlneiits aiid duties. Our organizcltir)n's commeiidable track record revolves around tailoring a bes oke netwnrk of support for each of ()ur seiwlce benefiLi21'ies, shnwca.ging our proficiency in service delivery anSadeptness in foi'ming collaborations with varioiis agencies 61nd entltles. Accumulatlng extensive expertise over the precedin the distiiictlve requiremeiits of Somall refugees, asy 36 years, we have honed our abillty to effectively address um seckcrs, and other rnarginali£cd ethnic groups. Our well-versed advisors possess refined training and the necessary skill set to offer comprehenslve %uidance, all the while acknowledging the imperative to h()listically addre our clients, challenges. Ex rnal rev ews As a Loinponent ot the Haringoy Council C()re funding as.ses.%ment, the HSCCA underwent evaluation CDnduLted by a consultant appoii)ted by the council. Tlie outconie of the review was favoiirable for the Associatioi). Moreover, the association has regularl durlng which we achieved an outstaii participated in a comprehensive ing pertorman¢¢ in obtaining tlie a uality assurance audit biennially, vicc quality standard. Through ongoin 5atisfacti()n exhi endeiivours to enhance our serviLe's quali assurance, coupled with the substantial uphi)Id the resti ited by our service users, our urganizati()n l¢lS C()nsistently excelled. Tliis ha5 eiilibled us to ious Advice quality mark for two decades, attesting tu uur cuinmitinent to excellenLe and our curi'ent Aol .?Icate expires in March 2027. Membershl The Association is a member of Advice UK, Bridge reiiewal tru.st, the Refugee C.ounLil, CounLiI ijf S(Im21i Oi'ganizations {CSO), Hai'in Ilaringey Community Colla ey BML network, BEACON Education Pai'tnershlp, chai'ity excellence framewoi'k and orative.
ARINGEY SOMALI COMMUNrrY AND CULTURAL ASSOCIATION ANNUAL REPORT AND ACCOUNTSFOR THEYEAR ENDED 31 MARCH 2025 On reserves We aim tu have enough reserves for at least three months in accordance with our policy and plan to accumulate 3 months of expenditure over several years. For the past seven years, we have been able to collert 60/0 of our yearly expenditure from unrestricted funds, and we arc currcntly oli track to mcct the HSCCA trustees, aim. This target will be reviewed annually to take into account changcs on the Association's annual income and expendillire. As part of the IISCCA's commitmentto build a reserve base, the Association will include a plan to increase reserves of unrestricted nature. Principal fiinding sources including any borrowings and how expenditure in the year under review has supported the key objectives of the charity. The principal funding sources of the Association came from Cummunity.gpecialistAdvice Service, Clty bridge trust, contributions made by members ofthe Somali community and Trustees. Plans for Future Perlods The Association's plans for the future include: ETnployment 'fraining Servlce8. Healtli Related Services. Youtli guidance services. Mental I lealth support services Furtlier development and strcngthening of thc Association supplemcntary classes. The charity plans to expand its CLirrent charitable activities and carry out further needs assessment of It5 service Users, and subsequently will put in place more rigorous strategies to secure more funding and in accordan with aims 2nd objectives. Provisions of voc2tlonal courses such as diploma in Health and soclal care Level 3. Pi'ovide a strong community tnfrastructure and supportive social networks to menibers ofour communities to show I'esilieiice, adapt to changes and thi'ive I'egai-dless of their ecoiiomic capacities.
HARINGEY SOMALI COMMUNrrY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS POR THE YEAR NDED 31 MARCH 2025 BALANCE SHEET AS AT 31 MARCH 2025 HARINGEY SOMALI COMMUNrrY AND CULTURAL ASSOCTATION 2025 2024 Notes ('()M PLI I LI<% & UtrFIC'k URl's.lIL A'l. cos'r LLSS ACCLMULAI'ED DEPREC.IATION 131 12.131 (9,334) 12,131 (6,9011) ET BI)C)K VALUF. 2.797 5.22.3 TOTAL FIXED ASSErs 2,797 5,223 uI,"tS I'URS L"ASII Al. 141l%K&IN IIAND 141 68,?t)11 50,674 'roi'AI,CLRR*%'f ASS i."r 68,298 50,674 C'RLDII'IJRS 151 11,158) (2.467) 67,937 111-.57IIIC'TLD I-.LNUS 14,204 53,733 67,937 'NIII57 RIITLJ[) FIJND 53 4311 53,430 Approved by the board 011 30109/2025 and signed on behalfofthe board by.. Abdirahm 11 Abdullahi Mr Ismail Hassan Abdi li
HARINGEY SOMALI COMMUNITY CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOIINTS FOR THEYEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) for the year ended 31 March 2025. srATEMENT OF FINANCIAL AcfiviTIES (Includlng Income and Expendlture Account) fortheyear ended 31 March ZOZ5 NDte$ UhtAESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUND5 TOTAL FIJNDS INCOMING RESOURCES.. VoluntaryGrants {iJ 104.103 104,?03 93,61. Legacles Donatsons 13.3U5 13.3V5 10.645 GSf(s in Kind Servjces Invcslment Income Total Incomln Re%¥)urces'. 13,305.0 ,2010 117,5(1&0 IL4258.0 RESOURCES EXPENDED: Costs forgeneratlng funds Charitable Actlvlties (2) 169.39? 169,39 161.1741 Supported Aclhdt5es (2) 110.$7C?) (.13,C)09) {.17,11001 TOTAL RESOURCES EXPENDED: .$761 191425 3.(rflll 98,974 N2t Surplus/DefJrit for thr, yeor 2.7?9 11.778 14.507 5.284 Openlng funds Transfer of tunds 48,146 Openln% fvnds Transferoffunds Transfer of funds CLOSING FUNDS: 56.159 11.778 67,937 io
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT AND ACCOUN'fs FOR THE YEAR ENDED 31 MARCH 2025 Company law requires the trustees to prepare financial statements that give a true and fail. view of the organisation's financial activities during the year and its financial position at tlie end of each financial year. In doing SU, the trustees are reuuired to.. Sclcct sultablo accounting pollclcs and then apply them conslstently M(Ike judgnienl% and reas1)nable and prudentjudgTnents Statc whethcrapplicablcaccounting standards and statements of recommended prartice have been followed, subject to any departures disclosed and explained in the financial statements Prepare the financial statements on the goiiig concern basis unless its inappropriate to presume that the organisation wlll continue in operation for the foreseeable tuture. The trustees are responsible for keeping proper accountingrecords that disclogewith reasonable aLcuracy at any tlme, the financlal positlon of the company and enable them to ensure thattlie financlal comply with appllcable laws, regulations and the trust deeds. They are also responsible for safeguardlng the assets of the urganlsatiun ¢ind hence for taking reasonable.steps for the prevention and deteLtion nf fraud and ather irregularitie8 Includin&J m()ney laundering. Slgned on behalf of the trustees: Abdirahman ullahi 15mall Hass¢in Abdi Secretary Treasurer
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARINGEYSOMALI COMMUNITY ANDCULTURAL ASSOCIATION We have audited the financial statements of Haringey Somali Communityand Cultural Associatton for theyear ended 31 Marcli 2025, which comprise the Ststement of Financial Activities which is also thc Income and Expcnditure Account, tlie Balance Sheet and the related note5. Thc financial reportiIig Iramework that has beon applied to their preparati()n is applicable lawand United Kingdom Accountingstandards (United Kingdom Genei'ally Accepted Accounting Practice) Respective responsibilitles ofdlrectors andaudltor A5 explained niore fully in the Trustees, Responslbilities Statement set out on page 4. the trustees (who are 3150 dirertoi's ofthe charitable company for the purposes ot company law) are responsible for the preparation of the financial statements and For beingsatlsfied that they give a true and falr view. Our responslbility is to audit and express an opinion on theorganisation's finaiicial statements in accordance with appllcable law and Iiiternational Standards on Auditing (UK aiid Ireland). Those standards require us to comi)ly with the Auditing Practice,$ Board's EthiLal standard.s f(Ir Audit¢)rs. Scope of the audit ofthefinanciol statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assiirance that the financial statements are free from material misstatement, whether aused by fraud or error. This includcs an assessn)ent of.. wliether the accountii)g policies are appropriate to the group's circuiiistaiices and liave beeii consistentl}i applied and adcquately disclosed,- tlic redsoiiablencss of ignificant accounting estimate.s made by the director.s,' and the overall presentatlon of the finiincial statements. Opinlon onllnanclal statements Iii our npiiiion the group financial %tatemeiits'. Give a trLie and fair view of the state of the charitable company's affairs at 31 March 2025 and ol its incoming I'esources and application of resources. including its income and expenditure, for the year then ended 31 March 2025. Have been properly prepared in accordaiice with IFRSS as adopted by the UK. Have been prepared in accordance with the requirements of the Companies Art 20QI6. Oplnlon on othei. matterprescrlbed by the CompanlesAct 2006 In our opinion the information given in the tru5tees' annual report t'or the financial year for which the chariy's financial statement.s are prepared is Lonsistent with the ()rgani%ation's financial statements. Matters on whlch we are required to report by exception We have nothing to report in i'espect of the following.. Under the Companies Act 2006 we are required to considerw'hether we have identified any incon51Stencies between nur knnwleilge acquired during the aiidit 3n<l the directi)r.s' stateinent that they c()nsider the ann1131 report is fair, balanced and understandable and whetherthe annual repoit appropriately discloses those matters that we comniui)icated to the trustees which we consider should have beeii disclosed. We are also required to reporton whetherwehave not received all the information and explanatlons we require for ouraudit. As stated above, we have nothing to declare in regard to the above requirement% Ynu.%lf Ahdl - BA. ACCA, FCCA- rertlfled accountant Slgn2ture', On behalf ofAflah Accounting Services Date: IO/101202S
HARINGEY SOMAU COMMUNITY AND CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS TrOR THE YEAR ENDD 31 MARC.H 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS: ACCOUNTING POLICIES.. The financial,%tatements have been pi'epared underthe hi.stDrical cost convention, with the exceptlon of investment, which are valued at the prevailing market prices. The financial statements have been prepared in accordance with the statement of Recommended Practice-Accounting3nd reporting by Charities (SORP2005) issued in March 2005, applicable UK accountlng Staiidards and the Coinpanies Act 1985. The principal accounting policies adopted in the preparations of the financial statcments are set out belnw. la) Ib) INCOMING RESOURCES: Voluntary income includes donations, glfts, legacies and grant.% thatprovide core funding or are of general nature are recogiilsed where there is entitlement, certal nly of I'ecelpts and the amount can be measured with sufflclentrellablllty. Such Income is only deferred when: The DvnurspeLlfled that the grant ur donation must only be used in future accountlng periL)ds, or The Donor has imposed conditions, which must be met before the charity has unL()nditional entitleinent. Incomc troin commercial trading activities is rccogniscd as carned as the related goods and services are provided. Investinent iiicome is recogni.%ed on a receivable basis. Incomc from charitable activitics Includes income reccived uiidcr contraLt or whcrc entitlcmont to rant funding 1.% %ubject to speLltlc perfi)rmance conditi(In% is reLognised earned {a5 the related goods or service% are provided). Grant inLI)me Includes in ihe Ldte&yory provided fundin&7 t() %upp()rt perfoi-lnaTice activitie.5 aiid is I'ecognise(I where there is entitleinent, certainly OF I'eceipts aiJ(I tlie anioulit can be measiii'ed with siifficient reliability. Income 15 deferred when admissiun fees or performance related grants are received in advance of the pertormaiices or event to wliich they relate. Ic) RESOURCESEXPENDED: F.xpenditure is recognised wheii a liabillty is incurred. Contractual agreemeiits and perfomiance related grants are recognised as goods or services are supplied. Othergrant payments are recognised wllcii a coiistriictivc obligtition arises that result in the paynieni bcin8 uIiavoidable. Cost of Eeiierating I'unds are thosc Costs liicurrcd in attractlng voluntary Income. and those iiicurre.d iii trading activilies tliat raise funds. Charitable artlvities including expenditure associated with the actlvities are included the direct C05t5 and support Costs relating to these activities. Governance costs include those incurred in the governance ofthe charity and its assets and are primarily aSSULiated with Lunstituti()nal and statiit(iry reqiiirement.%. Id) RESTRicfED FUNDS: Restricted funds are to be used for specified purposes as lay down by the founder. Direct and support expenditure, which meets these crlteria, is defiiied to the fund together with a fair allocation of other costs. 12
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSfXIATION ANNUALREPORT ANDACCOUNTS FOR THE YEAR ENDED31 MARf.H 2025 le) UNREsfR1ED FUNDS: Unrcstricted fuiids arc t'und5 reccived with no rcstrictions placed in their expenditure and arc available as general funds. ifj Revenue grants are credited to incoming resources on the earlierof when theyare received on when they are due. Note I INCOMING RESOURCES: YOTAL Z024 DONORS 2025 2025 TOTAL 2025 C}1 SP c1ly_0rtd1rusl cit olLffi(kn Naiional Loili 45.CYJO.00 39,343.00 19,86D.C 45,(m.(X) 39.343. 4$,[. 13 305,1)J 13.305.CO 8,215. 2,430. 9,8LIJ.Q) Cixjn¢il of som1 O . CJolhth•i Fojndall csoi NOTE 2 TOTAL RESOURCES EXPENDED EXPENSE 8l&tf Costs Pen&l¢x8 HMRC P rc41 ¢osi• Offie6 R¢ relephon8 Cos15 plies RESTRICTED FUNDS 61615.oj 4,351.(1) UNRESTRICTrO FLINDS TOTAL- 2025 62,615.Lh) 4,351.Lll 6,89.(%) 2024 61,174.0) 3,956. 4010.CIJ 10,S56,CQ 2,620.(K) 1,876.OJ 1,287.92 InsuNn¢e CRM Soflware Membershi lees Bank Char es Malntenance Cost5 Professional Fee$ Accountin6_Fees Dtrpre¢latlon TOTAL 20.08 297.co 2,875.( 2.730.C I,3. 2,730.flJ 1,3(M).C 1,3(K).LK) 103 rAIi.LXI 13
HARINGEY SOMAU COMMUNrrY ANO CULTURAL ASSOCIATION ANNUAL REPORT ANDACCOUNTS FOR THE YEAR bNDED 31 MARCH 2025 3) TANGIBLE FIXED ASSETS Fixed assets. costing in excess of £250 are capitalized and are shown at historical Lost. Depreciation is provided, aftertaking into accountofany grants recelvable. Tanglble fixed assets are depreclated at 20 % reduclng balance. Trngble flxed assets Fixed assets costing in excess of £250 are capltslised and are shown at historical cosL IpreciatIon is provided, after taknng into account of any grants recelvable. Tanglble fixed assets are depreciated at 20% reducing balance. At Cost 0110412024 Addity'ons - Office Furniture C4sp)sals Revaluations Transfers As at 31 March 2025 12,131 12,131 Depreclatknn: Accumulatsd Depreciauon as 0110412024 (6,908) Charge ftjr the year At 31 March 2025 2,426) 9,3.34) Net &)ok Value at 31 March 2025 2,797 4) CASH AT BANK AND IN HAND Tho As$oclarlon has a cash halanLL uf £68,29EI In ifs bank accoiint Js at 31 Mar¢h 2025. 2025 2024 £68,298 £50,674 5) CREDITORS The associatioii has had correctly accriicd unpald InVolS that total up to of £3,158, whicli rclates to services rcndercd in thc financial year cnded 31 March 2025, TAXATION The cliaritsble company Is exemptfrom taxation undersections 466 to 493 of the Corpor1¢ tion Tax Act 2010 14
HARINGEY SOMALI COMMUNITY AND CULTURAL ASSOCIATION ANNUALREPORT ANDACCOUNTS FOR fHE YLAR ENDED 31 MARCH 2025 CASH FLOW STATEMENT 7) The company has taken advantage of the exemption in PinanLial Reporting Standard No l fi'om producing a cash flowstatementon thegrounds that it is a small company. 8} EMPLOYMENT COSTS/SUPPORT STAFF COSTS 2025 2024 £62,615 £ 61,174 9) TRUSTEESEXPENSES The trustees neither recelved nurwalved any emoluments during the periud. ANALYSISOF NEfASSETS BETWEEN FUNDS io) There was no traiisfers or vlrement of tUTids between funds and budgeted activities. RELATEDPARTIES: li} There are no related pardes. F.ND 15