KULAN SOMALI ORGANISATION Charity Number: 1108997 FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 1 KULAN SOMALI ORGANISATION ## **Financial Statements** ## **For the Period ended 31 March 2022** |**CONTENTS**|**PAGE**| |---|---| |Officers and professional advisers|3| |Trustees Report|2-8| |Accountant’s Report|9| |Profit And Loss Account|10| |Balance Sheet|11| ## **The following pages do not form part of the financial statements** 2 KULAN SOMALI ORGANISATION ## **Officers and Professional Advisers** Trustees **Roda Jama Warsama Seed - Chairlady Awrala Mumin Sheikh Abbas Abdurahman Mahamud Bana Registered Office** 37 Chapel Street London NW1 5DP **Accountant** J-Accountancy and Consultancy Limited Community Accountants 38 Richardson Court, Studley Road London, SW4 6RZ 3 KULAN SOMALI ORGANISATION ## **Trustees Report** The Trustees present their report and financial statements of the period From 1 April 2021 to 31 March 2022 4 KULAN SOMALI ORGANISATION ## **Management Committee Report** **KULAN SOMALI ORGANISATION** is a voluntary group established on 22[nd ] of July 2002 to support the needs of Somali and minority community in the UK ## **The organisation’s Objectives as laid down in its constitution are:** 1. The relief of poverty and distress of Somali and other migrants in London by means of advice on issues of welfare benefit, housing, health and Advocacy. 2. The advancement of education and employment of the beneficiaries 3. The provision of English language training and supplementary education for Children 4. The promotion of Somali culture and history amongst the community and 5. The provision of creational activities ## **Achievement and Performance** Kulan Somali Organisation undertook a number of activities over the last year which includes the followings: 1. Zumba classes for local 50 women that improved their mental and physical Wellbeing 2. The delivery of free IT skills classes for 20 local people. The training enabled users to get new skills in IT for social, professional and employment purposes 3. The provision of English classes for 20 Somali and other migrants who have English as a second language. The program improved participants’ reading, writing, and speaking skills. 4. The provision of befriending activities for 36 isolated people mainly the elderly. The activities were delivered by qualified volunteers and helped users reconnect to the local community, reduce loneliness and mental illness 5. The delivery of food program to support people on low income. Through the program, we were able to assist 32 families, 17 single parents and 15 unemployed people. This alleviated their financial burden and reduced their stress. 6. Health awareness workshops followed with a walking session for 70 service users. The health awareness activities enabled participants to become more involved and aware of their health conditions and their health professions such as their GPS. They learned how to prevent and control different types of health conditions such as Diabetes, high blood pressure, Obesity plus many more. 5 KULAN SOMALI ORGANISATION 7. Holiday Activity and food programme for 250 children 8. Covid 19 education and awareness workshops and events for 80 plus participants who are children, youth, young adults, adults and the elderly. 9. Provide daily advocacy work alongside with interpretation and translation services. 10. Work alongside with the EUSS team to provide support and signpost over 150 EU residents with their settlement scheme. 11. Mentoring workshops and activities for adults, youth and the elderly. football and dancing for 35 children and their parents. 12. Football and dance workshops for 35 children and their parents. ## **Kulan Somali Organisation’s Strategic 2021-2022** The year has been challenging with the death of many people from our community due to the Covid-19. Also the lack of funding opportunities and financial crisis in the sector have stretched a bit, the organisation’s capacity but we have done our best to Keep most our core service running to assist users. ## **The trustees agreed to undertake the following plan for 2022/2023 as follows:** 1. continue to deliver of employment skills sessions for 20 adults and Young people 2. work with specialist organisations to increase our advice and referrals sessions to support 33 users in need of education, training and welfare entitlement. 3. continue to deliver wellbeing activities for about 70 people 4. undertake a series of English classes for the Somali and other migrants to improve their language skills. 5. Deliver supplementary education for 30 children and young people to improve their achievement at school 6. Continue to provide Holiday activity and food programme for over 150 children 7. Continue to provide advocacy and translation/interpretating services. 6 KULAN SOMALI ORGANISATION ## **Financial Review** This Financial year we had unrestricted income of £19,900 and restricted income of £59,990. Total income was 79890. We had a surplus of £14800 on the unrestricted income and £17338 surplus on restricted income. The charity had unrestricted reserves of £19340 and restricted reserves of £16608. At the end of period 21/22 total reserves was £35948. ## **Public benefit statement** In shaping our objectives for the year and planning our activities, the trustees have considered the clause 17 of the Charity Act 2011 and the Charity Commission’s guidance on public benefit. The above achievements demonstrate the public benefit arising from the Charity’s activities. ## **Reserves Policy** The organisation ’s reserves policy is to maintain a level of unrestricted and undesignated reserves equivalent to 3-6 months' turnover ## **Risk Management** The trustees have assessed the major risks to which Kulan Somali Organisation is Exposed and are satisfied that systems are in place to mitigate exposure to the major risks including risk assessment, maintaining a risk register, which is reviewed annually. ## **Investment Policy** The Charity does not produce a sufficient surplus to invest, as priority must be given to building our unrestricted reserves. ## **Plans for future periods** We have developed a strong fundraising strategy to generate income from trusts, foundations, and individual donors in order to increase support to users throughout the period 2022-2023 7 KULAN SOMALI ORGANISATION ## **Trustees’ responsibilities** Charity law requires trustees, to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the company and of the results of the company at that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently. - make judgments and estimates that are reasonable and prudent. - state whether applicable accounting standards have been followed, - subject to any materials departures disclosed and explained in the financial statements. - prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis. 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 it to ensure that the financial statements comply with the charity Act. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps and detect fraud and other irregularities Signed on behalf of the Board of Trustees ## **Roda Jama Warsama Saeed - Chairlady** 19 /07/ --------------------------------------Date: ------------------------2022 8 KULAN SOMALI ORGANISATION ## **Independent Examiner’ Report** I report on the accounts of the charity for year ended 31 /03/ 2022 The trustees are responsible for the preparation of the accounts. The trustee consider that an audit is not required for this year and that an independent examination needed. It is my responsibility to carry out procedures designed to enable me to report my opinion. My examination was carried out to ascertain that the accounting records kept by the charity are in accordance with the accounts presented with those records and that no unusual items or disclosures in the accounts come to my attention. ## **EXAMINER’S STATEMENT** The financial statements are in agreement with those accounting records kept by the Charity. Having regard only to, and on the basis of the information contained in those accounting records, the financial statements have been drawn up in a manner consistent with the accounting requirements specified in the principles of the Statement of Recommended Practice 2011 ## **Beugre Jacques NDouba** J-Accountancy and Consultancy Ltd 38 Richardson court, Studley Road London, SW4 6RZ Signed:----------- Date: 19/07/2022 9 KULAN SOMALI ORGANISATION ## **SATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OF MARCH 2022** ## **Incoming Resources** |Notes
**Income & Endowment:**
Government's grants
Charities' Grants
Other Income
**Total Income**|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021|Unrestricted
Restricted
Total Fund
Total Fund
Funds
Funds
2022
2021| |---|---|---|---|---|---|---|---| ||£|£||£|£||| |||14600
5300||49333
10657|49333
10657
5300|9900
1300|| |||**19900**||**59990**|**79890**|**11200**|| ||||||||| |**Expenditures**|||||||| |Charitable activities
Other expenditures
**Total Expenditures**
**Net Income**
Movement in Funds
**Funds reconcialition:**
Funds brough forward
Funds carried forward|||1500
3600|42652|44152
3600||8200
600| ||||**5100**|**42652**|**47752**||**8800**| ||||||||| |||**14800**
0
**14800**||**17338**
0
**17338**|**32138**
0
2850||**2400**| ||||||||0
450| |||**14800**||**17338**|**34988**||**2850**| The statement of financial activities includes all gains & losses recognised in the year. All incomes and expenditure derive from continuing activities. 10 KULAN SOMALI ORGANISATION |**BALANCE SHEET FOR PERIOD ENDED 31 OF MARCH 2022**
**2022**
Note
£
£
**Tangible Fixed Assets**
960|**BALANCE SHEET FOR PERIOD ENDED 31 OF MARCH 2022**
**2022**
Note
£
£
**Tangible Fixed Assets**
960|**BALANCE SHEET FOR PERIOD ENDED 31 OF MARCH 2022**
**2022**
Note
£
£
**Tangible Fixed Assets**
960|**BALANCE SHEET FOR PERIOD ENDED 31 OF MARCH 2022**
**2022**
Note
£
£
**Tangible Fixed Assets**
960|**BALANCE SHEET FOR PERIOD ENDED 31 OF MARCH 2022**
**2022**
Note
£
£
**Tangible Fixed Assets**
960|**BALANCE SHEET FOR PERIOD ENDED 31 OF MARCH 2022**
**2022**
Note
£
£
**Tangible Fixed Assets**
960|**2021**| |---|---|---|---|---|---|---| |||||||£
0| |**Current Assets**||||||| |**Cash at Bank & Hand**
**Debtors**
**Total current Assets**||34988
0|||0|1800
0| |||**34988**||||1800| |||||||| |**Current Liabilities**||||||| |**Creditors:**
**Amount falling due**
**Within one year**
**Net Current assets**
**Net assests**||0||||0| |||**34988**||**35948**||**1800**| |||||||| |||||||**1800**| |||||||| |**Funds of the Charity**||||||| |**Unrestricted Funds**
**Restricted Funds**
**Total Charity Funds**||||19340
16608||1080
720| |||||**35948**||**1800**| 11 KULAN SOMALI ORGANISATION ## **Notes to the financial statements Year ended 31st March 2022** ## **1. General Information** The Charity is registered in England & Wales. The registered address is 37 Chapel Street, London, 5DP. ## **2. Statement of Compliance** These financial statements have been prepared in compliance with FRS102,’ The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland(FRS 102) (charities SORP(FRS 102)) and the charities Act 2011. ## **3. Accounting policies** ## **Incoming resources** Voluntary income and donations are included in incoming resources when they are receivable except when the donors specify that they must be used in future accounting periods or donor’s conditions have not been fulfilled, then income is deferred. The income from fundraising ventures is shown gross. ## **Donated services and facilities** Income from donated services and facilities is included in incoming resources at a valuation, which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party. ## **Resources expended** Resources expended are included in the statement of financial activities on accruals basis, inclusive of any VAT, which cannot be recovered. Expenditure, which 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 of generating funds on a basis consistent with the use of these resources. 12 KULAN SOMALI ORGANISATION Cost of generating funds includes salaries, direct expenditure and overhead costs of the staff who promote fundraising including events. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Funds** Restricted funds are to be used for specific purpose as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund together with a fair allocation of management and support costs. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income & expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity’s ability to stay in business. ## **Disclosure exemptions** The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemption: No cash flow statement has been presented for the company. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purpose. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub- classes: restricted income funds or endowment funds. ## **Incoming resources** 13 KULAN SOMALI ORGANISATION All incoming resources are included in the statement of financial activities when entitlement has passed to the charity: it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipts is probable and its amount can be measured reliably. - Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value can be reliably measured. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - Expenditure on raising funds includes the costs of all fundraising activities, events non-charitable trading activities and the sale of donated goods. - Expenditure on charitable activities includes all costs incurred by a charity in under taking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Tangible Assets** All fixed assets are initially recorded at cost. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of assets, less its residual value, over the useful economic life of those assets as follows: Furniture & equipment 20% reducing balance. 14 KULAN SOMALI ORGANISATION 15 KULAN SOMALI ORGANISATION |||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||| |**INCOMING RESOURCES**||||||||||||||| |**Income in details**||||||||||||||| ||||Unrestricted
Funds||Restricted
Funds||||2022|||2021||| |**Grants, Donations, and Legacies**|||Funds||Funds|||||||||| ||||£||£||£|||£||||| |**Donations:**||||||||||||||| |Fundraising& Donations||||16900||||16900||||1300||| |**Public Sector & Trusts:**||||||||||||||| |Local Giving||||||500||500||||300||| |Newham C. Renewal Program||||||300||300||||||| |KCSE Self care Project||||||5393||5393||||3600||| |One Newham||||||500||500||||||| |L.B. Newham HAF||||||31666||31666||||||| |Westminster CityCouncil||||||10200||10200||||||| |Newham Council||||||7766||7766||||||| |Age UK East London||||||5000||5000||||3200||| |New Europeans Association||||||1665||1665||||||| |Woo Street Foundation||||||||||||2800||| |||||||||||||||| |||||||||||||||| |||||||||||||||| ||**Total**|||**16900**||**62990**||**79890**|||**11200**|||| |||||||||||||||| |||||||||||||||| |**Detailed Expenditures on Charitable Activities by Activity Type**||||||||||||||| |||||||||||||**2022**||**2021**| |||||||||||||£||£| |**Charitable Activities**|||**Services**||**Governance **||**Fundraising**|||||||| |**And Support Cost**||||||||||||||| |||||||||||||||| |Training &TrainerCost||||8300||||||||8300||1200| |Volunteer&Travel||||5700||||||||5700||1300| |Rent/VenueHireHire||||9200||||||||9200||1050| |Propertymaintenance||||||||||||||| |Compliance|||||762|||||||762||250| |Administrative cost||||6800||||||||6800||180| |CommunityActivities||||16450|||||||16450|||4070| |Accounting &Examination||||300|||||||300|||150| |Depreciation||||240|||||||240|||0| |||||||||||||||| |||**Total**||**46990**|**762**||||||**47752**|||8200| |||||||||||||||| 16 KULAN SOMALI ORGANISATION ## **Staff Cost** The total staff costs and employee benefits for the reporting period are analysed as follows: All of our employee’s only work within the project and work as a contract basis that shows on the training and trainer cost. ## **No employee earned more than £60,000 during the year 2022** ## **11. Trustee remuneration and expenses:** SORP 2015 requires the following statements to be made: The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil). ## **12. Related parties:** There are no related party transactions during the year. 17 KULAN SOMALI ORGANISATION ## **Depreciation of fixed Assets** ## **Tangible Fixed Assets** ||**Equipment**|**Furniture &**||**Total**| |---|---|---|---|---| |||**Fuxtures**||| ||£|£||| |**COST**||||| |**At 1 April 2021**|0||0|0| |**Addition**|1200|||| |**At 31 March 2022**|1200|||| ||**DEPRECIATION**|||| |**At 1 April 2021**|0||0|0| |**Charge for this period**|240|||240| |**At 31 March 2022**|240|||240| ||NET BOOK VALUE|||| |**At 31 of March 2022**|960|||960| |At 31 of March 2021|0||0|0| 18