## TRUSTEE ANNUAL REPORT AND ACCOUNTS [This is a report of I Serve Ltd activities and service provision for year ending August 2020. It contains brief summaries of services provided, with statistics to illustrate what was achieved. Ultimately, it aims to record a year of development and change, as we have continued to build on Path’s existing good work..] Annual Report & Financial Statements    ## **Trustees Report** ## Objectives    ## **Trustees' Report for the year ended 31 Aug 2020** ## **Introduction** This is a report of I Serve activities and service provision for the year ending August 2020. It contains brief summaries of services provided, with statistics to illustrate what was achieved. Ultimately, it aims to record a year of development and change, as we have continued to build on Path’s existing good work. Structure, ## Governance and Management ## Legal structure I Serve have been established on 2003 when a constitution was adopted, I Serve operates as a registered Charity (No. 1110682). ## Organisational Structure The board of trustee is not subject to maximum trustees but there must always be a minimum of five trustees. The board meets regularly to discuss development, finance and to facilitate effective operations and the delivery of projects. The trustees are responsible for policy formulation and ensuring that the organisation complies with its legal obligations and pursues its objectives. ## Induction and training of trustees New trustees are invited to a trustee meeting to brief them of their legal obligations under the charity law, the content of the governing document, the committee and decision making process, the business plan and recent financial performance of the charity. A number of publications from charity commission are provided including the guidance on charities and public benefit. Trustees are aware of their responsibilities to keep abreast of development in relation to the governance of charities under Charities Act. [ _To relieve poverty and distress, preserve and protect good health and advance the education, employment of BME in the United Kingdom and by provision of advice, information and assistance_ _activities empower local people and improve lives by and to overcome barriers to independent learning, employment and preventing homelessness among BME communities including refugee and asylum seekers_ . ] ## Trustees’ responsibilities The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and errors. 1 Annual Report & Financial Statements    ## **Volunteers** Use of volunteers the charity is dependent on the voluntary work of the trustees and other volunteers in administering its funds and carrying out its community work. As this work has no tangible value this is not recognized in the financial statement ## **Financial Review Reserves policy:** The charity currently operates with minimal reserves. The trustees are endeavoring to build up its donor base with a view to having reserves of three months' operating expenditure, excluding expenditure coming from grants for projects. ## **Risk(s) review** : The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to look for funds to employ a youth co-coordinator, funding & finance manager in order to increase charity's donor base and to finalize the health and safety review. Principal funding sources The charity's main sources of income are payments in relation to the supply of donations and grants. The charity received funding from the European Union , British Council and Ecorys ## **Our core values** **Impartiality -** We believe to base our decisions on objective criteria, rather than on the basis of bias, tribalism, prejudice or preferences. **Credibility -** We believe to earn respect and trust through our programmes with tangible outcomes by sharing lesson learnt and achievements. **Transparent -** We believe too timely and reliably disclosure I Serve financial performance. **Commitment -** We believe to achieve societies free from tribalism and inequalities take time. That's why we make long-term commitments to people to resolve tribal conflicts and social inequality and promote tolerant and inclusive societies. ## **Our strategic Priorities 2019-22** **- Encouraging Dialogue** Creating space for dialogue is essential in order to build cohesive and harmonize societies. We connect people from different clans, tribes, nations, affected by the same tribal conflict, enabling them to falk about tribalism and its impacts. Through dialogue we are able to build confidence and trust, collaborations between the different communities. **Foster Tolerance** - We will work with partners to organise seminars, reconciliation conferences, trainings and events. These challenge existing hate speech, to provide tools to recognize racism and radicalization stereotypes and promote understanding, tolerance awareness of peaceful ways to resolve conflicts. They help both outsiders and tribal communities better understand the complexities of each situation. **Young Influencer** - Over the next Two years, we will train 80 young leaders to become role models, influence change that benefits their communities and the wider society, to become bridgeheads 2 Annual Report & Financial Statements    enabling other young people to follow in their footsteps and to provide strategic leadership that ensures the voice and needs of their communities are represented at all levels of public decision-marking. Advocacy - We will undertake number of initiatives and campaigns to advocate for the communities we serve including marginalized groups to build understandings to the challenges they face, We do this by formulating recommendations to stakeholders by working with effected communities and individuals. **Our Mental Health program:** Through the actions of Mental Health Education, we will provide a set of knowledge and skills to young workers so as to enable them to work in multidisciplinary teams in the network with health professionals, bringing in very institutionalized contexts, tools and practices of education non-formal in supporting young people with mental illness. **Research** - We will collaborate with academics and universities to identify the root causes of poverty,. Through the findings of the researches, we develop publications for schools, policy makers, public bodies and institutions to enable them better serve those communities and counter the misuse of tribal differences. ## **Achievement 2019/2020** In 2019/20, I Serve undertook a number of projects, initiatives and campaigns. The projects and initiatives we have been working on this year are as follows: - Over 200 individual 16-30 participated (Erasmus Program) Through these activity participants developed many skills which will enhance their visibility within the community. These included inter-personal skills, practical skills such as planning, organisational, life-skills including teamwork, communication and leadership skills. They also enhanced coping skills and became more aware of ways to maintain positive mental health. - **Our Mental Health program:** Through the actions of Mental Health Education, we want to provide a set of knowledge and skills to young workers so as to enable them to work in multidisciplinary teams in the network with health professionals, bringing in very institutionalized contexts, tools and practices of education non-formal in supporting young people with mental illness. - **Housing Related Support:** Through the support offered, we have prevented hospital admission, prolonged lives, signposted to specialist services at an early stage and offered hope to these people who have had nowhere else to turn - **Tolerance Program:** Encouraged tolerance among youngsters, to prevent hate speech, to provide tools to recognize racism and radicalization and to understand how they occur,– over 80 young people took part of this project and gave young people a better understanding of intolerance, labeling of migrants, refugees and marginalized groups. 3 ## I SERVE LIMITED ## FINANCIAL STATEMENT 31[st] AUGUST 2020 Company Registration No. 04860134 DC Accountancy Services Financial and Management Accountants & IT Consultants Tottenham Town Hall, Unit 4, Ground Floor, Town Hall Approach Road Tottenham, London N15 4RY I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 CONTENTS |CONTENTS|PAGE| |---|---| |The directors' report|3| |Profit and loss account|4| |Balance sheet|5| |Notes to the financial statements|6 - 7| The following pages do not form part of the financial statements |Accountants' report to the directors|9| |---|---| |Detailed profit and loss account|10| 2 I SERVE LIMITED FINANCIAL STATEMENTS THE DIRECTORS’ REPORT YEAR ENDED 31st AUGUST 2020 ___________________________________________________________________________ The directors present their report and the unaudited financial statements of the company for the year ended 31[st] August 2020. ## PRINCIPAL ACTIVITIES The principal activity of the company to provide information and advice to the Somalian associates. THE DIRECTORS AND THEIR INTERESTS IN SHARES OF THE COMPANY The directors who served the company during the year together with their beneficial interests in the shares of the company were as follows: The Directors Appointed Mr Rashid Abdilaziz 25/09/08 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for small companies under Part VII of the Companies Act 1985. Registered Office 1 Olympic Way Wembley Middlesex HA9 0NP Mr Rashid Abdilaziz Signed by Order of the Directors Approved by the directors on / / 2020 3 I SERVE LIMITED FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT YEAR ENDED 31st AUGUST 2020 |TURNOVER|| |---|---| ||2020| |Sales|105,856| |GROSS PROFIT|105,856| |Overheads|(113,686)| |Net profit (loss) before tax|(7,830)| |Tax on profit/(loss) on ordinary activities|0| |RETAINED PROFIT/(LOSS) FOR THE FINANCIAL YEAR|(7,830)| |Balance brought forward|71,541| |Balance carried forward|63,711| None of the company's activities were acquired or discontinued during the above financial year. The Company has no recognised gains or losses other than the results for the year as set out above. 4 ## I SERVE LIMITED FINANCIAL STATEMENT YEAR ENDED 31st AUGUST 2020 BALANCE SHEET |Notes
2020
FIXED ASSETS
Tangible Assets
18,749
CURRENT ASSETS
Debtors
6
44,858
Bank and Cash
104
Total
44,962
CREDITORS: Amounts falling due
Current Assets Less Current Liabilities
44,962
Total Assets Less Total Liabilities
63,711
CAPITAL AND RESERVES
Profit and Loss Account
63,711
Shareholders fund
63,711|Notes
2020
FIXED ASSETS
Tangible Assets
18,749
CURRENT ASSETS
Debtors
6
44,858
Bank and Cash
104
Total
44,962
CREDITORS: Amounts falling due
Current Assets Less Current Liabilities
44,962
Total Assets Less Total Liabilities
63,711
CAPITAL AND RESERVES
Profit and Loss Account
63,711
Shareholders fund
63,711|Notes
2020
FIXED ASSETS
Tangible Assets
18,749
CURRENT ASSETS
Debtors
6
44,858
Bank and Cash
104
Total
44,962
CREDITORS: Amounts falling due
Current Assets Less Current Liabilities
44,962
Total Assets Less Total Liabilities
63,711
CAPITAL AND RESERVES
Profit and Loss Account
63,711
Shareholders fund
63,711| |---|---|---| |||| |||63,711| |||63,711| |||63,711| For the year ending of 31st AUGUST 2020 the company was entitled to exemption from under Section 477 of the Companies Act 2006 relating to small companies. ## Director’s responsibilities: - (I) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476. - (II) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. These financial statements were approved by the directors on the. ----/----/ 2020 and are signed on their behalf by: (Company Secretary) Mr Rashid Abdilaziz 5 I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS ## 1. ACCOUNTING POLICIES ## Basis of accounting The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. ## Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. ## Depreciation Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: Fixtures & Fittings 25% Office Equipment 25% ## 2. OPERATING PROFIT/LOSS Operating profit/loss is stated after charging: 2020 Directors' emoluments Depreciation ## 3. TANGIBLE FIXED ASSETS |COST
At 31st August 2020
DEPRECIATION
At 31st August 2019
Charge for the year
TOTAL
NET BOOK VALUE
At 31st August 2020|Office Equipment
£
35,757
15,756
1,252
17,008
18,749|Total
£
35,757
15,756
1,252| |---|---|---| |||17,008| |||| |||18,749| 6 I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS ___________________________________________________________________________ ## 5. CREDITORS: Amounts falling due within one year |Trade creditors
Total
6. DEBTORS: Amounts falling due within one year
Trade Debtors
Total|2020| |---|---| ||0| ||2020
44,858
44,858| ## 6. DEBTORS: Amounts falling due within one year ## 7. RELATED PARTY TRANSACTIONS The company was under the control of the director throughout the current year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8. 7 I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 MANAGEMENT INFORMATION The following pages do not form part of the statutory financial statements. 8 I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 ACCOUNTANT'S REPORT TO THE DIRECTORS As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31st AUGUST 2020, set out on pages 2 to 5 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. ---------/---------/2020 Daniel Meguille BSc, FMAAT, AIBA, IIA DC Accountancy Services Tottenham Town Hall Town Hall Approach Road N15 4RY 9 ## I SERVE LIMITED FINANCIAL STATEMENTS YEAR ENDED 31st AUGUST 2020 DETAILED INCOME AND EXPENDITURE |INCOME
Brent Council
Local Authority Income
EU
Ecorys
CAF
Donations
HMRC JS GRANT
TOTAL INCOME
OVERHEADS
Wages/ Salaries
Rent& Rates
Nier
Insurance
Property Maintenance
Telephone
Postage and stationery
Travelling & Vehicle Expense
Audit & Accountancy fees
Training Costs
Advertising
Project Venue
Bank charges
Capital Expenditures
Prefessional fees
Other Expenditure
Depreciation
TOTAL OVERHEADS
NET PROFT/(LOSS)|28,610
0
10,000
50,230
0
2,399
0|2019
31,906
12,302
16,540
25,894
8,670
0
10,544
91,239
58,493
12,240
8,427
708
636
4,080
500
7,860
720
5,293
1,507
5,600
180
2,000
2,870
1,320
1,252
85,611
5,628|2019
31,906
12,302
16,540
25,894
8,670
0
10,544
91,239
58,493
12,240
8,427
708
636
4,080
500
7,860
720
5,293
1,507
5,600
180
2,000
2,870
1,320
1,252
85,611
5,628|2020| |---|---|---|---|---| ||40,239
13,200
3,201
901
2,670
880
11,029
800
1,450
987
6,504
880
1,890
980
0
0||58,493
12,240
8,427
708
636
4,080
500
7,860
720
5,293
1,507
5,600
180
2,000
2,870
1,320
1,252|| |||91,239||105,856| |||85,611||113,686| |||5,628||(7,830)| 10