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2024-03-31-accounts

106 Garrison Lane , Beardsley Green Telefax: 0121-7532524 Charity. No. 1100430, Comp. no.6308894 E-mail:sosedch@yahoo.co.uk.

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2022/2023
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Contents Page
1. Mission Statement 2
2. Annual Review 2-3
3. SOS Education (SOS) 4-5
3.1 SOS Constitution 5
4. Legal & Administration 5
a. Management Committee 5
b. Signatories 5
c. Staff 5
d. Volunteers 5
e. Auditors & Accountants 6
f. Bankers 6
g. Solicitors 6
h. Registered office 6

1

1. Mission Statement

2. Annual Review

STATEMENT

I would first like to start off by congratulating and thanking everyone who has been involved in the success of SOS Education Organization’s (SOS) development this last year. I am deeply proud to declare this report to be our fifth official Annual Report covering the period 2021 – 2022.

Since last year staff, committee members, volunteers and partners have been extremely busy to ensure the sustainability and growth of SOS

2

During these difficult economic times. I pray that the hardship that many people are facing today, here in the UK and around the world, be eased. I know that many people are suffering due to the global economic fall, natural disasters, extremism and social injustice. Our prayers and thoughts are with them all.

The last year has not been very shining for SOS like previous four years. We have managed to survive from all the crises we have faced this year. No project has been successful although we tried some good projects. It is partly because of the National and/or the global one. We will be standing regardless of crises continuity and we all develop our community slowly but surely.

Starting with very little donations from the community and the Trustees, we were able to continue working for the community and deliver specialist services.

We do not want to vanish or to stop here. We wish to continue developing SOS by providing necessary and demanded services. We wish to be a ‘flagship’ organization for the Somalis and other African communities in the West Midlands and then potentially in the UK. Many people and mainstream organization’s believe we already are or have the potential to be so. This excites me very much and humbles me greatly as I know the struggles we faced from inception.

On behalf of SOS, and the Beneficiaries that participated in all of the project initiatives we would like to give a special thank you to the following organizations not only for their financial support but also for their advice, guidance and belief in our organization.

This year we will introduce a new Islamic school (Avicenna) for both boys and girls. Furthermore we have rearranged the use of the venues for different beneficiaries as we moved the Koranic school to Block G where they can concentrate their work without interruption.

Finally, as the Chairman of SOS I wish to express my appreciation and sincere thanks to everyone who has helped and supported our organization, these include, the Management Committee, volunteers, community members, community leaders, councilors, members of the press and public & private sector organizations.

In particular I would like to thank those individuals who have provided personal donations and would encourage them to continue in order for us to maintain services to the children who attend our Centre.

THANKYOU VERY MUCH EVERYONE!

Mohamed Dahir

3

SOS Chairman

3. SOS Education Organisation (SOS)

SOS Education Organization is a Charity (Reg No.1100430) and a Limited Company by Guarantee (Reg No. 6308894) established in February 2003. The organizations aims and objectives are to support disadvantaged and hard to reach BME communities, particularly those from the new emerging communities of Birmingham i.e. Somali, Sudanese, Eritrean.

3.1 SOS Education Organization Constitution

The following are the key objectives of our Organization;

4

4. Legal & Administration

Change of Management Committee

4.1 The Management Committee/Trustees

Mohamed Dahir (Chair) Mohamed Hussein (Treasurer) Ismail Sufi (Secretary) Said Askar (Member)

4.2 Signatories to organisation’s bank account

Mohamed Dahir

4.3 Staff Members

Said Askar Projects Manager

4.4 Volunteers

5

Hawa Esse Abdirahman Said Mohamed Raajis

4.5 Auditors/Accountants

Globallink Accountants Ltd D 214-218 Herbert Road Birmingham B10 0PR

4.6 Bankers

Islamic Bank of Britain (IBB) 3 Duchess Place Birmingham B16 8NH

4.7 Solicitors

B.A SOLICITORS (Commissioners for oath) 436 Stratford Road Sparkhill Birmingham B11 4AD Tel: 01217734200

4.8 Registered Offices

SOS Education Organisation 106 Garrison Lane Bordesley Green

Registered number 06308894

6

SOS EDUCATION ORGANISATION LIMITED

Report

and

Acco

unts

7

31

Marc 2024

SOS EDUCATION ORGANISATION Registered 063088 Directors' Report

The directors present their report and accounts for the year ended 31 March 2024.

Principal activities

The company's principal activity during the year continued to be …

Directors

The following persons served as directors during the year:

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 10 September 2024 and signed on its behalf.

Mr Mohamed Dahir Director

1

SOS EDUCATION ORGANISATION LIMITED

Accountants' report to the directors of

SOS EDUCATION ORGANISATION LIMITED

You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Global link Accounatants ltd Accountants

214-2018 Herbert Road Small Heath Birmingham B10 0PR

10 September 2024

2

SOS EDUCATION ORGANISATION LIMITED

for the year ended 31 March 2024

Turnover
Administrative expenses
Operating loss
Loss before taxation
Tax on loss
Loss for the financial year		 2024
£
102,105
(102,317)
(212)
(212)
-

(212)		 2023
£
31,595
(39,667)
(8,072)
(8,072)
-

(8,072)

3

SOS EDUCATION ORGANISATION Registered 0630889 Balance Sheet as at 31 March 2024

Fixed assets
Notes
Tangible assets
3
Current assets
Cash at bank and in hand
Creditors: amounts falling due
within one year
4
Net current liabilities
Net liabilities
Capital and reserves
Profit and loss account
Company fund		 4,334
(13,593)		 2024
£
545

(9,259)

(8,714)
(8,714)

(8,714)		 4,749
(13,796)		 2023
£
545

(9,047)

(365)
(365)

(365)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr Mohamed Dahir Director Approved by the board on 10 September 2024

4

SOS EDUCATION ORGANISATION LIMITED Notes to the Accounts

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice

5

SOS EDUCATION ORGANISATION LIMITED

Notes to the Accounts

price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6

SOS EDUCATION ORGANISATION LIMITED Notes to the Accounts

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Nonmonetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis

7

SOS EDUCATION ORGANISATION LIMITED

Notes to the Accounts

over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees

2024 2023 Number Number

8

SOS EDUCATION ORGANISATION LIMITED Notes to the Accounts

Average number of persons employed by the company

1 0

3 Tangible fixed assets
Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
4 Creditors: amounts falling due within one year
Other creditors		 2024
£

13,593		 Plant
and
machiner
y
etc
£

545

545

-

545

545
2023
£

13,796

5 Other information

SOS EDUCATION ORGANISATION LIMITED is a private company limited by guarantee incorporated in England. Its registered office is: 106 Garrison

Lane Bordesley

Green

Birmingham B9 4BS

9

SOS EDUCATION ORGANISATION LIMITED

Detailed profit and loss account for the year ended

Sales
Administrative expenses
Operating loss
Loss before tax		 2024
£
102,105
(102,317)
(212)

(212)		 2023
£
31,595
(39,667)
(8,072)

(8,072)

10

Sales
Sales
Administrative expenses
Employee costs:
Wages and salaries
Volunteer esxpenses
Travel and subsistence
Premises costs:
Rent
Business Rates
Water
Light and heat
General administrative expenses:
Waste collection
Catering expenses
Project coordinaor
Liability Insurance
Website
IT services
Play resourse
Repairs and maintenance
Legal and professional costs:
Accountancy fees
Advertising and PR
Other legal and professional		 2024
£

102,105
28,738
23,652

120

52,510
34,668
352
435

1,822

37,277
869
1,364
4,559
404
312
1,077
546

2,414

11,545
500
450

35

985

102,317		 2023
£
31,595

13,479
4,895
-
18,374

13,335
3,304
280
1,553

18,472

881
-
-
-
1,590

2,471

350
-
350
39,667