SOMALI EDUCATION DEVELOPMENT CENTRE
Trustees, report and financial statement
For the year ended 31 March 2022
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
Contents
For the year ended 31 March 2022
|Contents|Page||
|---|---|---|
|Legal and administrative information||1|
|Trustees’ report||2-3|
|Independent examiner’s report||4|
|Statement of financial activities||5|
|Balance Sheet||6|
|Notes to the financial statement||**7**-8|
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
Legal and Administrative Information For the year ended 31 March 2022 Status: Charity registered in England & Wales Charity number: 1097903 Office: 203 Lewisham Way London SE4 1UY Contact No: 020 8432 6326 Trustees: Abdullahi Gafow -Chairman Ibrahim Habarwa -Member Hawo Rageh -Member Faduma Mohamud -Member Bankers: HSBC Bank Nine Brindle place 4 Oozells Square Birmingham B1 2HB Accountants: Issa Associates Accountants and Tax Consultants Suite 116, 80 Scrubs Lane London NW10 6RF
1
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
Trustees’ Report
For the year ended 31 March 2022
The report and the financial statement for the period ended 31 March 2022. The trustees who served during the period are up to the date of this report is set out on page 1.
## _**Structure, governance, and management**_
## _Constitution_
The charity is run and managed by the trustees according to the constitution
## _**Objectives and activities**_
The charity main objective is to advance education and poverty relief for the local under privileged service users.
## _**Achievement and performance**_
_Education_
The charity organised after school actives for children during the year under review. These activities include extra school lessens in English, Mathematics and extra curriculum activities in sporting activities
## _**Financial review**_
_Funding_
The funding during the year under review was mainly from local community members who use our services.
## _**Statement of Trustees**_
The trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales required the Text Switch to prepare financial statements for each financial period which give a true and fair view of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the Text Switch is required to:
- Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether appliable UK Accounting Standards have been followed to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable Text Switch to ensure that the financial statements comply with the Charities Act 1993 and Charity (Accounts and Report) Regulation 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
_2_
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
Trustees’ Report (continued)
For the year ended 31 March 2022
## _Funding_
The charity would like to thank all those who generously funded and supported our activities. It is through their support that the charity has largely been able to implement our projects for the benefit of our community.
This report was approved by the board and signed on its behalf by:
Chairman Abdullahi Gafow
Date: 12[th] May 2023
_3_
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
Independent examiner’s report
For the year ended 31 March 2022
I have examined the accounts of Somali Education Development Centre on pages 5 and 6, for the year ended 31[st] March 2022, which have been prepared on the basis of receipts and payments.
## _**Respective responsibilities of trustees and independent examiner**_
As the charity’s trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section (43)(3)(a) of the Act, and to state whether matters have come to my attention.
## _**Basis of independent examiner’s statement**_
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 a trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## _Independent examiner’s statement_
In connection with my examination, no matter has come to my attention:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
- have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
-----------------------------------------Issa Associates Accountants and Tax Consultants Suite 116, 80 Scrubs Lane London NW10 6RF
Date: 12 May 2023
4
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
## **Statement of Financial Activities**
## **For the year ended 31 March 2022**
|Notes
_Income_
_Grants and Donations_
Grants and voluntary donations
Sundries
_Expenditure_
Salaries and wages
Rent and service charges
Light & heat
Insurance
Telephone & Internet
Legal and professional
Postage and stationery
Total expenditure
Surplus/(deficit) for the year|Unrestricted
£
57,338
-
57,338
43,569
12,000
500
331
316
200
285
57,201
137|Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-|2021
Total funds
Total funds
£
£
57,338
60,474
-
57,338
60,474
43,569
46,570
12,000
12,000
500
400
331
331
316
381
200
200
285
273
57,201
60,155
137
319
2022|
|---|---|---|---|
5
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
## **Balance Sheet**
## **For the year ended 31 March 2022**
|Notes
_Fixed assets:_
Office equipment
3
_Current Assets:_
Cash at bank and in hand
_Current liabilities payable within 1 year:_
Creditors and accruals
5
_Net Current Assets_
_Total Assets less current liabilities_
_Funds:_
Balance for the period
Balance brought forward|£
£
£
£
-
-
3,487
3,350
3,487
3,350
(200)
(200)
3,287
3,150
3,287
3,150
137
319
3,150
2,831
3,287
3,150
2021
2022|£
£
£
£
-
-
3,487
3,350
3,487
3,350
(200)
(200)
3,287
3,150
3,287
3,150
137
319
3,150
2,831
3,287
3,150
2021
2022|
|---|---|---|
||||
|||3,150|
|||319
2,831|
|||3,150|
The statement of financial activities as set out on page 5 for the financial year ending 31 March 2022, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 12 May 2023.
**………………………………**
Chair Abdullahi Gafow
6
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
## **Notes to the Accounts**
## **For the year ended 31 March 2022**
- 1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with Statement of Recommended Practice (SORP 2015), "Accounting and Reporting by Charities" and applicable accounting standards.
- 2 Accounting Policies
A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.
## 2.1 _Income and expenditure_
All income and expenditure is accounted for on accrual basis.
## 2.2 _Fund Accounting_
General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds subject to specific restrictive conditions imposed by donors.
- 2.2 _Tangible Fixed assets and Depreciation_
Tangible fixed assets are stated at cost.
Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.
## 2.3 _Status_
The charity is a company limited by guarantee. The members are the trustees named on page 1. The liability in respect of the guarantee, as set out in the Memorandum, is limited to £1 per member of the company.
7
## **SOMALI EDUCATION DEVELOPMENT CENTRE**
## **Notes to the Accounts**
## **For the year ended 31 March 2022**
|3
Tangible Fixed Assets
_Costs_
At 1 April 2021
Additions during the year
At 31 March 2022
_Depreciation_
At 1 April 2021
Charge for the period
At 31 March 2022
_Net Book value_
At 31 March 2022
At 31 March 2021
4
Creditors and accruals
Accounts fee|Office
equipment
Total
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2022
2021
£
£
200
200
200
200|
|---|---|
8