GIVING SADAQAH. FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MAY 2020
GIVING SADAQAH
Financial Statements for the Year Ended 31 May 2020
Index of Financial Statement
Statement Page Index……………………………………………………………………………….1 Charity Information………………………………………………………….2 Statement of Trustees ……………………………………………………..3-4 Financial Review ……………………………………………………………..5 Independent Examiner’s Report……………………………………….6 Statement of Financial Activities………………………………………7 Balance Sheet…………………………………………………………………..8 Notes to the Accounts ……………………………………………………..9
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GIVING SADAQAH
CHARITY INFORMATION FOR THE YEAR ENDED 31 MAY 2020
Charity Number: 1123609
Registered Office Operational Office 64 HIGH STREET HARLESDEN NW10 4SJ
Operational Office 64 High Street Harlesden London NW10 4SJ
Banker Lloyds Bank
Independent Examiner Ahmed Ali Suite 31, First Floor Design Works London NW10 4HT
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GIVING SADAQAH
STATEMENT OF TRUSTEES RESPONSIPLITIES FOR THE YEAR ENDED 31 May 2020
This year Giving Sadaqah continuing and developing it’s established four Orphanage Schools in East Africa. Giving Sadaqah Schools are still achieving excellent selection rates to go on to secondary school. There are currently over 1,700 children from Primary through to early Secondary (Year 9) stages being presented with the gifts of education, food and shelter so that they may acquire the skills necessary to lead independent lives with dignity and promote a more equitable. We are planning to add new education programme to provide pupils with vocational skills, should they not continue their studies at secondary school. Tailoring, welding, computer, and cooking workshops are planning to take place in the afternoon once academic classes have finished.
In order to progress further, Giving Sadaqah has been established with the renewed objective of going global, so that thousands more can benefit from opportunities afforded by education.
Goal
To strengthen dialogue and communication in the target community in order to improve their self-esteem, confidence and help the successful integration into the host society and alleviate the existing fears of the multicultural living by providing relevant information and increase the civic participation.
Objectives
To encourage understanding and communication between East African communities in UK, host society and local service providers thus facilitating appropriate community development services.
Assist and empower East Africa communities through skill trainings, basic education and integration
To improve the quality lifestyle for East Africa communities in general and women and children in particular, by reducing stress, isolation, and unemployment.
To access locally available provisions and help to minimise barriers by bridging the gap between the East Africa communities and local service providers
To establish regular and effective channels of communication between the parents and local schools and help parents’ participation in school activities
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GIVING SADAQAH
What we do in UK.
We are still working with the Communities from Horn of Africa, particularly, Somalia, Ethiopia, Kenya and Djibouti. Our services are open to all migrants and refugees from countries that need support guidance, referrals, information and advice.
We provide the following services:
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Free advice, support and information on immigration, welfare rights and council services
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Addressing crime and street violence
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Health promotion and linking with health provisions
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Outreach work with young people
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Outreach work with older people
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Support for offenders and their families/carers
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Literacy and numeracy sessions in English and Somali for adults and teenagers.
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Career and employment guidance and support
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Holiday clubs for families and their children
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Disseminate and share information on good practices on integration without assimilation of own cultural identity.
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Community research projects
To help East African Diaspora to be reconnected to their countries of origin and share information and experience with local NGOs, civic society and government an important part of our work is to provide a focal point for all Somali families and individuals regardless of their affiliation to any particular group, age, gender and disability.
What we do in East Africa
Investing in children’s education is the best approach to uplifting them and their families from the bleakness of poverty. We at Giving Sadaqah recognised this at the outset, and set out to build schools first. Today, we support FREE education for 5000 pupils.
Sponsor Programs
From time to time, we operate special appeals, which have fixed cost funding requirements. Sponsorship works particularly well with such appeals, which are not only time-limited, but also have clear and observable deliverables.
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GIVING SADAQAH
Financial Review for the year ended 31 May 2020
For the year ended 31 May 2020, GIVING SADAQAH received total sum of £96,543 of which £89,834 was restricted funds and £6,709 unrestricted funds. Total expenditure for the year ended 31 May 2020 was £90,635 of which (£84,212 restricted funds and £6,423 unrestricted funds).
Reserves Policy
The Charity requires reserves to protect its current activities, in order to allow the trustees to meet their day-to-day responsibilities and to ensure that it continues to operate as a going concern. Charity holds £9,000 in reserve for three months. Unrestricted funds are those funds available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or grant-maker through the terms of the donations.
The Trustees will keep the level of reserves under constant review in the future.
The Board of Trustees have the pleasure to present independently examined accounts for the GIVING SADAQAH’S activities for the year to 31 May 2020. The financial statements comply with all current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) and the Charity’s governing Charity Commission Scheme, the Charities Act of 2011.
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GIVING SADAQAH
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to:
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Examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section145(5)(b) of the 2011 Act); and
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State whether matters have come to my attention.
Basis of the 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 statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention: (1) Which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. The trustees present their report and the financial statements for the year ended 31May2020.
Ahmed Ali…………………………….
Mintel Accountants
05/06/2019
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GIVING SADAQAH
Statement of Financial Activities
For the Year Ended 31 May 2020.
| Incoming Resources Donations Received Total Resources Expended Charitable Activities Self -Sustainable Investment Marketing Expenses Office & Telephone Expenses Volunteer Expenses Charity Event Expenses Total Resources Expended Net Movement Funds Fund b/forward at 31/05/2019 Funds Carried forward at 31/05/2020 |
Unrestricted | Restricted |
Year 2019/20 Total |
Year 2018/19 Total |
|---|---|---|---|---|
| 6,709 6,709 - - 3,270 2,184 969 (6,423) 286 3,840 4,126 |
89,834 89,834 78,896 5,316 - - - - (84,212) 5,622 29,286 34,908 |
£ 96,543 96,543 78,896 5,316 3,270 2,184 969 - (90,635) 5,908 31,488 39,034 |
£ 88,825 88,825 |
|
| 51,677 3,181 1,258 92 200 1,346 |
||||
| (57,754) | ||||
| 31,071 | ||||
| 417 | ||||
| 31,488 |
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GIVING SADAQAH
Statement of Balance Sheet
for the Year Ended 31 May 2020
| Financial Year Fixed Assets Fixtures, Fitting & Equipment Total Fixed Assets Current Assets Investment Cash at Bank and in Hand Debtors; Prepaid Total Current Assets Liabilities Creditors; Amounts falling due withing one year Net Current Asset/Current Liability Creditors; Amounts falling More than One Year Net Assets |
2019/20 £ |
2019/18 £ |
|---|---|---|
| - - 8,497 34,015 42,512 - 2,814 39,698 664 39,034 |
- - 3,181 31,088 - |
|
| 34,269 | ||
| - 2,281 |
||
| 31,988 | ||
| 500 | ||
| 31,488 |
| Funds for the Charity General Funds Restricted Funds Total Funds |
2019/20 2018/19 |
|---|---|
| £ £ 4,126 2,202 34,908 29,286 |
|
| 39,034 31,488 |
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GIVING SADAQAH
Notes to the Financial Statements
- The financial statements have been prepared in accordance with the historical cost convention and all applicable accounting standards. They follow the recommendations laid out in the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP, 2005).
Voluntary income received by way of donations and gifts is included in full in the statement of financial activities.
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Where unconditional entitlement to grants receivable is dependent upon fulfillment of conditions within the charity's control, the incoming resources are recognized when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions, the incoming resource is deferred.
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Restricted funds: Donations and other incoming resources assigned by the donor or grant-maker. Restricted funds will be used in accordance with the specified purposes.
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Unrestricted funds: Donations and other incoming resources available for use at the discretion of the trustees in furtherance of the charitable purposes.
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Costs of generating funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any fundraising activities.
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Governance costs are the costs associated with meeting constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.
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