## Annual Accounts 2023
TRUSTEES REPORT AND ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
**N1C Centre Ground Floor Plimsoll Building Handyside Street London N1C 4BQ**
**T: 0207 164 6931 E: admin@sydrc.org Twitter: @sydrclondon www.sydrc.org www.n1ccentre.org**
1
## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE (SYDRC)**
Contents
For the year ended 31st March 2024
||**Page**|
|---|---|
|Legal and administrative information|2-3|
|Trustees and Impact Report
|4-14|
|Independent Examiner's Report|15|
|Statement of Financial Activities|16|
|Balance sheet|17|
|Notes to the accounts|18-22|
2
## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**
Legal and Administrative Information
For the year ended 31st March 2024
**Status:**
The organisation is a charitable company limited by guarantee, incorporated on 23rd November 2000 and registered as a charity on 27th June 2002.
**Company number:** 04115930 **Charity Number:** 1092646
## **Registered Office &**
**Business Address:** N1C Centre
**Trustees:**
|Mohamed Arif|--|Chair|
|---|---|---|
|Suber Abdikarim
|--|Treasurer|
|Asha Abdullahi|--|Member|
|Ayub Farah|--|Member|
|Dr Said Isse|--|Member|
|Mubarik Abdulrashid Deerow|--|Member|
|Lamis Shire|--|Member|
**Banks:**
Unity Trust Bank plc Nine Brindley place 4 Oozells Square Birmingham B1 2HB
3
HSBC
246 Kentish Town Road Kentish Town, London NW5 2BS
**Accountants:**
ISSA ASSOCIATES
4
## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**
Trustees' Report
Trustees are responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the Memorandum and Articles of Association.
For the year ended 31st March 2024
## _**Objective**_
The Somali Youth Development Resource Centre (SYDRC) objective is to advance the education of Somali youth in the London borough of Camden and neighbouring areas and provide in the interest of social welfare facilities for their recreation and other leisure-time occupations.
## _**Legal structure**_
The Somali Youth Development Resource Centre is a registered charity. A company is limited by guarantee and is governed by its Memorandum and Articles of Association dated November 2000.
## _**Financial statements**_
The trustees and directors of the charitable company submit their trustees' reports and financial statements for the year ending 31st March 2023.
## _**Policies:**_
## _**Reserve policy:**_
The charity currently operates with minimal reserves. The trustees endeavour to build up their donor base to have funds equal to 4 months of operating expenditure.
## _**Risk(s) review:**_
The trustees have recently reviewed the significant risks faced by the charity. This has resulted in increasing the charity's donor base, particularly in this challenging financial climate.
## _**Trustees Responsibilities**_
The trustees are responsible for keeping proper accounting records that disclose the charity's financial position and enable them to ensure that the financial statements comply with the Companies Act 2006.
The trustees oversee the preparation of financial statements, select suitable accounting policies, and make judgments and estimates that are reasonable and prudent to give the charity's actual state of affairs.
5
## **Background Information**
Somali Youth Development Resource Centre (SYDRC) is a community-based organisation working with young Somali people, parents and the community in Camden and neighbouring boroughs since 2000. SYDRC is unique in Camden as the only youth-led organisation providing activities and services for young Somali people. The membership of its Youth Advisory and Management reflects this uniqueness, enabling SYDRC to develop good working relationships with key agencies and stakeholders to tackle critical social issues affecting young Somali people. These issues include gang-related activities, knife and gun crime, educational underachievement, school exclusions and antisocial
behaviour.
According to research by the Institute of Education at London University, only one Somali child passed the GCSE examination in 1999. The study also found that Somali students had an average of only 3.1% passing their GCSEs, while the average for all Camden pupils was 47.7%, with five A*-C passes. To address this challenge, SYDRC has established an integrated and comprehensive local network to support the integration of Somali youth into Camden schools and the community.
SYDRC has played a vital role in addressing underachievement and promoting the educational development of young Somali people in Camden. One notable example is the highest first prize-winner of SYDRC, who achieved an outstanding result of 10A* and 6As in her GCSEs in every subject she took. She served as a benchmark and graduated from Kings College University. This achievement is particularly significant when compared to the year 2000, when the Somali community became actively aware of their children's grades at the GCSE level, which were noticeably poor and unsatisfactory.
## **Our Vision**
"Our vision is of a society where young Somali people can realise their full potential."
## Our Mission
"To empower and inspire young Somali people to achieve their true potential by equipping them with the tools for tomorrow, to enable them to take responsibility for their lives and develop as individuals and make the successful transition to adulthood."
## Our values
We value:
- All young Somali people, other young people and their families
- Our community, culture, religion, and language
- Active participation of young people and the contributions they can make to our organisation, our community and society
- A quality service provided in a flexible and adaptable manner that meets the needs of young people
- Respect for the principles of tolerance, honesty, integrity, trust and decency
- Encouraging the involvement of young Somali people in decision-making processes
6
## **Current activities**
The Somali Youth Development Resource Centre (SYDRC) provides the following areas of activities and services:
- Information, advice, and advocacy
- Social and cultural activities
- Education, training, and employment
- Leadership and careers workshops
- Sporting activities
- Parenting, family support and health and wellbeing
- Youth and mentoring services
Further details on the core areas of SYDRC work are provided below:
## **Advice sessions**
Our centre provides tailored one-to-one advice, mentoring, and counselling sessions designed to support the community. Whether through drop-in services or scheduled appointments, young people and the community can access guidance on a range of critical topics, including education, housing, employment, and local services. These sessions aim to empower individuals to overcome challenges and achieve meaningful progress in their personal and professional lives.
SYDRC's outreach team is dedicated to helping disadvantaged Somali youth in Camden. We engage with young people through meaningful connections and organise meetings that empower them. Our hands-on activities inspire creativity and support personal growth. Our goal is to spark a love for learning and self-improvement. We help these young individuals reconnect and explore opportunities to lead fulfilling lives.
## **Mentoring in schools**
Our school mentoring programme addresses the pressing challenges faced by young people from racially minoritised backgrounds, including disengagement from education, attainment gaps, and school exclusions. Designed to promote social inclusion and empower young Somalis and other marginalised individuals to become resilient, independent, and successful.
Referrals from partner schools and the community ensure we target those most at risk of exclusion, offering personalised one-to-one mentoring and group sessions. Led by professional mentors and trained youth practitioners, these sessions foster representation and role modelling. Mentors share relatable stories of success, showing students that "someone like me can succeed."
Students engage with our bespoke mentoring guide, covering modules such as conflict management, emotional awareness, self-discovery, leadership, career aspirations, and post-16 opportunities. This process builds confidence, strengthens resilience, and enhances school engagement. The programme has supported many young people, halved school exclusion rates (from 15% in 2016/17 to 7.2% in 2021/22), and improved educational outcomes and post-16 destinations while amplifying youth voices in shaping policy and systems change. This is a testament to the collaborative work of the mentees, project staff, schools, and partners.
7
## **Girl's Youth Club**
Our youth programme empowers young girls and women by providing culturally sensitive support tailored to their social and personal development needs. Through a variety of extracurricular and recreational activities, our dedicated youth workers inspire and motivate participants to reach their full potential.
Activities at the youth club include group discussions, cooking classes, empowerment workshops, and team-building exercises. We also offer workshops on pressing issues affecting young women, creating a safe space for dialogue, learning, and growth.
8
## **Youth Club**
The youth club has been running since 2006. It offers a variety of activities, including physical and educational ones such as table tennis, pool, educational videos, workshops, advice, and signposting. The club has two primary purposes. Firstly, it provides a space for young people to engage in physical activities, socialise with their peers, and meet potential role models and friends. This helps to reduce isolation, which can lead to mental health problems or being targeted by groomers. Secondly, the club provides practical support such as advice and guidance sessions for individuals or groups of young people. These sessions focus on addressing issues that young people face, such as those related to youth development. The youth club project aims to go beyond just being a club. It puts the needs, aspirations, and development of young people at the forefront and represents the views of young people at all levels.
## **Weekend Residential Trips**
Our residential trips provide young people with an invigorating opportunity to break free from the hustle and bustle of urban life and immerse themselves in a world of transformative adventures. Each trip is packed with exhilarating challenges, like soaring through the treetops on a zip line, honing precision skills with archery, scaling rocky heights while abseiling, and conquering climbing walls, all meticulously crafted to stretch their limits and ignite personal growth.
The program is thoughtfully designed to cultivate confidence, enhance self-esteem, and promote collaboration among peers, all while participants soak in the breathtaking landscapes and rich cultural tapestry of the British countryside. For many, this journey marks their first taste of life beyond the city, offering a chance to widen their perspectives and nurture a profound appreciation for the beauty and diversity of different environments.
9
## ~~LT~~ **Come to If-tar with me.**
During the holy month of Ramadan, we offer "Come to Iftar with Me" workshops inspired by the successful Channel 4 series. Our youth advisory board members initiated this idea to emphasise the importance of strengthening community bonds throughout the borough. We encourage proactive action, fostering trust and tolerance, and educating young people, parents, and community leaders of various faiths and backgrounds.
## ~~FT~~ **Leadership & Career session**
Our career and leadership programme was designed to inspire young people in Camden to develop their leadership skills and equip them to become future leaders and ambassadors. The programme aims to create an innovative and effective environment that combines creativity and engagement with a culturally sensitive approach to meet the needs of young Somali people.
## ~~LT~~ **Weekend Football Sessions**
The Sport and Leisure project aims to enhance the sporting abilities of young people while also serving as a diversionary activity to keep them away from the streets. Football helps relieve boredom, instil discipline, and develop team skills. Additionally, the project aims to encourage young people to maintain a healthy lifestyle and promote volunteering within the community. The program includes regular coaching and weekly training sessions. It also offers workshops and small group sessions on individual exercises, such as dieting, nutrition, and training.
## ~~|~~ **Health and Wellbeing**
Our Health and Wellbeing Programme takes a proactive stand against health disparities affecting marginalised communities by using culturally appropriate communication strategies. We actively challenge harmful misinformation and advocate for reliable, accessible health education.
Through dynamic workshops, far-reaching outreach efforts, and engaging community events, our initiative has delivered vital knowledge on vaccinations, mental health, diabetes, high blood pressure, and cancer. Beyond debunking myths, our initiative has championed early detection and treatment of various health conditions, fostering an informed and empowered community.
10
By strengthening public trust in statutory services, this programme has achieved lasting improvements in health outcomes for racially minoritised groups, demonstrating our unwavering commitment to their collective wellbeing.
## **N1C Centre**
SYDRC is working to create a community centre that serves as a hub for the local community. We are dedicated to expanding our activities and services to meet the community's specific needs, strongly emphasising promoting diversity, integration, and inclusion. King's Cross, one of the most vibrant areas in central London, is a testament to the power of community. It has transformed into a bustling mix of residential, commercial, and public spaces, with various cultural and educational institutions enriching the lives of those who live, work, or spend their leisure time in the area. With the support of the community, this community centre has the potential to become a beacon of hope and opportunity for all.
11
## **Management Committee**
SYDRC (Somali Youth Development Resource Centre) is a beacon of hope for young Somali people, and its achievements are due in large part to the dedication and expertise of its Management Committee. These individuals are passionate about creating positive change and deeply understand the community's challenges. The Management Committee comprises individuals with diverse knowledge, skills, and expertise, making it a powerhouse of innovation and progress. Importantly, all members of the Management Committee have a personal connection to the issues that affect young Somali people, and their lived experiences make them uniquely qualified to support the community. Each member brings their unique strengths and talents to the table, enabling the Management Committee to provide practical guidance and support to SYDRC's endeavours. With such a committed and capable team at the helm, SYDRC is poised to continue making a meaningful impact in the lives of young Somali people for years to come.
## **Funders**
The Trustees want to express their profound appreciation to all the funding organisations and individuals who have supported the charity in developing and providing its essential services to the local community. Without their help, the charity could not have achieved its mission of serving the community in need.
In particular, the Trustees want to extend special thanks to the grant providers who have generously supported the charity during this financial year: John Lyons Charity, London Borough of Camden Council, Camden Giving, Young Camden Foundation, The National Lottery Community Fund, and VRU, Postcode society trust, and our partnership, Inspiring Inclusion. Their contributions have been instrumental in helping the charity to continue providing vital services to those who need them the most.
The Trustees also want to acknowledge those who have contributed to the charity's work inkind or through financial assistance but need to be listed here. Their contributions and support have been invaluable in helping the charity carry out its mission. The Trustees would also like to thank all the individuals and organisations that have supported the charity and helped it make a positive difference in the lives of those it serves.
## **Impact of our Work for this year**
This report presents insights drawn from data collected between April 2023 and March 2024, highlighting our impact during the financial year of 2023/24. During this period, we invested £627,555 in our services, reflecting our commitment to better assist the community.
Our vibrant programs attracted significant participation throughout the year, with over 11,400 attendances. Yet, our journey is not without its challenges. The community faces daunting obstacles shaped by their identities, environments, and personal experiences, which can further hinder them. In response, we have worked diligently to create a welcoming and nurturing space where people can flourish, refocus, and find their voices.
Our research shows that when we centre our work on the passions and interests of the community—particularly young people—we ignite their confidence and boost their selfesteem. By coordinating projects across families, schools, and wider community networks, we amplify our impact and create a truly holistic approach.
This joined-up strategy leads to invaluable ripple effects: enhanced school performance, increased attendance among previously disengaged learners, renewed hope for academic aspirations, and stronger communication and connections at home and throughout the community.
12
Our mission's heart is creating welcoming spaces for the community to access vital services. The neighbourhoods we serve grapple with numerous challenges, often leaving individuals feeling alienated and disconnected. We strive to cultivate environments where people feel empowered and at ease when engaging with others, particularly those from diverse ethnic backgrounds or faiths. For many, especially those for whom English is not a first language, the fear of stepping outside their comfort zones can be a significant barrier and we
Through our projects, we provide critical support to families from disadvantaged backgrounds, helping them navigate essential services while nurturing a sense of community and belonging. We offer a wealth of information and resources designed to further uplift and assist these families on their journeys.
Our efforts lead to transformative changes—boosting individuals' self-confidence, fostering meaningful friendships, and ultimately enriching their overall quality of life and that of their families.
In Camden, where the Somali community faces stark inequalities and socioeconomic challenges, the work of the Somali Youth Development Resource Centre (SYDRC) is indispensable. We engage with the community at a grassroots level, delivering targeted support and culturally attuned, community-driven interventions that resonate deeply with those we serve. This dedication sparks heightened community interest, involvement, and acceptance.
The results of our initiatives are nothing short of remarkable. We've witnessed increased engagement and academic success in schools, a decline in school exclusions, greater access to mental health resources, a drop in adolescent violence and knife crime, and strengthened bonds and communication between parents and their children. Our work is a beacon of hope, igniting positive change and fostering a more connected and resilient community.
13
Young people and their families from black, Asian, and minority ethnic (BAME) backgrounds face a range of challenges. Despite these issues, ensuring the safety of young people is a significant concern, especially as they spend more of their time on social media, making them vulnerable to grooming and exploitation. Therefore, early prevention of these issues is crucial for our organisation.
They require practical support, advice, and positive role models to help young people make the right choices and develop critical thinking skills. At SYDRC, a collaborative partnership that delivers community-led interventions based on the young person's needs - with mentors and relatable role models at the centre - is essential to increasing participation, reducing exclusions (especially disproportionate ones), and achieving better outcomes.
## **Quotes from users**
## **MA (14)**
"I used to think that no one cared about what happened to me. My mentor showed me that my future wasn't predetermined—I had the power to change my story."
## **YA (15)**
"This isn't just a youth center; it's where I found my confidence, my community, and my voice."
## **KM (14)**
"They don't just support young people; they empower us. They trust us to lead, make decisions, and shape the future of our communities."
## **EJ (Mother)**
14
"Finding a safe place for young people isn't easy. This center has been a blessing for my son. It's more than just a youth space; he feels seen, heard, and supported there. he has made friends, found role models, and, most importantly, he is happy."
## **FA (Mother)**
"This organisation supports young people and gives them a voice. My daughter went from being shy to leading youth projects and making a difference in her community. It has been incredible to see her grow into a confident leader."
We are always looking for new partners and organisations interested in working with us, so please do not hesitate to get in touch.
This report was approved by the board and signed by the chair, on its behalf by:
M. Arif
Chair
Date: 26[th] January 2025
Mohamed Arif
15
## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**
Independent examiner's report
For the year ending 31st March 2023
I have examined the accounts on pages 5 to 6, which have been prepared on the accruals basis. _**Respective responsibilities of trustees and examiner**_
_The trustees (who are also the directors of the company for company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed._
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 43 of the 1993 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
- to state whether particular matters have come to my attention.
## _**Basis of independent examiner's report**_
My examination was carried out in accordance with the 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion 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.
## _**Independent examiner's statement**_
In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts that accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met;
Abdishakur Issa Date: 26[th] January 2025
## ISSA ASSOCIATES
Accountants & Tax Consultants Cumberland House, Suite 116 80 Scrubs Lane London, NW10 6RF
16
## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**
## **Statement of Financial Activities**
**For the year ending 31 March 2024**
|**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 2023
**Fund balances at 31 March 2024**|**Unrestricted**
**funds**
**£**
34,179
-
**34,179**
129,040
-
**129,040**
(94,861)
128,741
**33,880**|**Restricted**
**funds**
**£**
641,030
-
**641,030**
470,914
27,601
**498,515**
142,515
211,393
**353,908**|**2024**
**2023**
**Total**
**Total**
**£**
**£**
675,209
478,571
-
-
**675,209**
**478,571**
599,954
374,556
27,601
20,413
**627,555**
**394,969**
47,654
83,602
340,134
243,799
**387,788**
**327,401**|
|---|---|---|---|
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## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**
## **Balance Sheet**
**For the year ending 31 March 2024**
||||2024||2023|
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|**_Fixed assets_**||||||
|Tangible assets|6||-||2,305|
|**_Current Assets:_**||||||
|Debtors|7|71,773||585||
|Cash at bank and in hand||320,983||343,080||
|||392,756||343,665||
|**_Creditors:_**_amounts falling_||||||
|due within one year|8|(4,968)||(5,837)||
|**_Net Current Assets_**|||387,788||337,828|
|**_Total Assets less current liabilities_**|||387,788||340,133|
|**_Funds of the charity:_**||||||
|Restricted Funds|||353,908||211,393|
|Unrestricted Funds|||33,880||128,741|
||||387,788||340,134|
For the financial year ended 31 March 2024, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 5 to 6 were approved by the board and signed on their behalf by:
**………………………………..** Date: 26 January 2025 S Abdikarim Treasurer/Director
18
## **SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**
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Notes to the Accounts
For the year ending 31 March 2024
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 straight line basis.
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SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE
Notes to the Accounts
For the year ended 31 March 2024
2. Grants and Donations
Unrestricted Restricted 2024 2023
Funds Funds Total Total
£ £ £ £
BBC Children In Need - - - 31,898
L B Of Camden - Equalities and Community Strength - 167,450 167,450 98,000
L B of Camden - Childrens Family Help and Safeguarding - 43,750 43,750 10,000
L B Of Camden - Community Safety - 18,333 18,333 44,499
Camden & Islington Public Health - 18,720 18,720 9,480
John Lyons - 40,000 40,000 3,900
Camden Giving - 54,728 54,728 39,638
Young Camden Foundation - 16,158 16,158 2,620
Sport England - - - 8,602
GLA - Violence Reduction Unit 63223 63,223 56,500
Postcode Society Trust - 24,868 24,868 -
Community Fund Lottery - 126,440 126,440 67,338
Inspiring Inclusion - 67,360 67,360 38,454
Awards For All - - - 9,950
Francis Crick Fund - - - 4,950
City of London - - - 3,600
Room Hire 32,384 - 32,384 41,274
Other grants & donations 1,795 - 1,795 7,868
34,179 641,030 675,209 478,571
Unrestricted Restricted 2024 2023
2. Investment Income Funds Funds Total Total
£ £ £ £
Interest receivable - - - -
Total Incoming Resources 34,179 641,030 675,209 478,571
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SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE
Notes to the Accounts
For the year ending 31 March 2024
3a. Direct Charitable Expenditure
Unrestricted Restricted 2024 2023
Funds Funds Total Total
£ £ £ £
Rent and premises charges - 25,195 25,195 25,294
Wages and National Insurance - 365,381 365,381 272,822
Sports & youth club activities - 15,916 15,916 9,996
Training and development - 1,808 1,808 4,000
Sessional & casual workers - 35,179 35,179 30,877
Printing, Postage, Stationery - 2,277 2,277 2,124
Travel and volunteer costs - 940 940 1,200
Office and administrative costs - 20,938 20,938 10,800
Telephone, fax, & Internet - 3,280 3,280 3,590
- 470,914 470,914 360,703
3b. Support Costs
Unrestricted Restricted 2024 2023
Funds Funds Total Total
£ £ £ £
Insurance 1,378 - 1,378 1,367
Computer and IT Costs 1,291 - 1,291 6,636
Repairs and maintenance 123,475 123,475 1,177
Marketing and promotions 429 - 429 1,255
Bank charges 162 - 162 151
Depreciation 2,305 - 2,305 3,267
129,040 - 129,040 13,853
Total Charitable Activities 129,040 470,914 599,954 374,556
4. Governance
Unrestricted Restricted 2024 2023
Funds Funds Total Total
£ £ £ £
Legal and Professional - 27,601 27,601 20,413
- 27,601 27,601 20,413
Total Resources Expended 129,040 498,515 627,555 394,969
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SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE
Notes to the Accounts
For the year ending 31 March 2024
5 Paid employees
5.1 Staff costs 2024 2023
£ £
Gross wages salaries and benefits in kind 359,869 270,623
Employers National Insurance costs 5,512 2,200
365,381 272,823
5.2 Number of employees
The average monthly number of employees during 2024 2023
the year was: Number Number
Charitable activities 19 17
19 17
6 Tangible Fixed Assets
Office Total
Equipment
£
Cost
At 1 April 2023 59,096 59,096
Additions - -
At 31 March 2024 59,096 59,096
Depreciation
At 1 April 2023 56,791 56,791
Charged in the Year 2,305 2,305
At 31 March 2024 59,096 59,096
Net Book Value
At 31 March 2024 - -
31 March 2023 2,305 2,305
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|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**||||
|---|---|---|---|---|---|---|---|---|---|---|
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|**Notes to the Accounts**|||||||||||
||||||||||||
|**For theyear ending 31 March 2024**|||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
|**7. Debtors andprepayments**|||||2024||2023||||
||||||£||£||||
||Trade debtors||||55,637||-||||
||Other debtors||||16,136||585||||
||||||71,773||585||||
||||||||||||
||||||||||||
|**8. Creditors – Amounts falling**|||||||||||
||||||2024||2023||||
||||||||||||
||Accruals||||4,758||4,758||||
||Taxes,social security||||210||1,079||||
||||||4,968||5,837||||
||||||||||||
||||||||||||
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||||||||||||
||||||||||||
|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**|**SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE**||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
|**Notes to the Accounts**|||||||||||
||||||||||||
|**For theyear ending 31 March 2024**|||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
|**7. Debtors andprepayments**|||||2024||2023||||
||||||£||£||||
||Trade debtors||||55,637||-||||
||Other debtors||||16,136||585||||
||||||71,773||585||||
||||||||||||
||||||||||||
|**8. Creditors – Amounts falling**|||||||||||
||||||2024||2023||||
||||||||||||
||Accruals||||4,758||4,758||||
||Taxes,social security||||210||1,079||||
||||||4,968||5,837||||
||||||||||||
||||||||||||
||||||||||||
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