GIVING SAADAQAH ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 JULY 2023
GIVING SAADAQAH
Annual Report and Financial Statements for the Year Ended 31 July 2023.
Contents of Financial Statement
Contents Page Contents……………………………………………………………………………1 Charity Information……………………………………………………………2 Statement of Trustees……………………………………………………….3-7 Financial Review…………………………………………………………………8 Independent Examiner’s Report…………………………………………9 Statement of Financial Activities………………………………………..10 Balance Sheet……………………………………………………………………11 Notes to the Accounts ………………………………………………………12-14
GIVING SAADAQAH ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 JULY 2023
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CHARITY INFORMATION FOR THE YEAR ENDED 31 JULY 2023
CHARITY NUMBER: 1123609
Registered Office
Operational Office
64 HIGH STREET
HARLESDEN
NW10 4SJ
Operational Office
83 High Street
Harlesden
London
NW10 4NT
Banker
Lloyds Bank
ACCOUNTANTS:
UNIT 9, 194 FORE STREET, LONDON, N18 2JB
GIVING SAADAQAH ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 JULY 2023
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STATEMENT OF TRUSTEES RESPONSIPLITIES FOR THE YEAR ENDED 31 JULY 2023
INTRODUCTION
Giving Sadaqah is a small but growing charity registered in United Kingdom. It has a team of dedicated volunteers committed to enhancing their community by promoting education for orphans and low-income family’s children both in UK and Globally.
Objectives and activities
Our charity's objectives are as set out in the Articles of Association;
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"To relieve the mental and physical sickness of persons resident in the United Kingdom, in particular children and young people suffering from bereavement or loss or a serious health crisis of a family member by the provision of workshops and support.
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To advance the education of professionals working with children and young people suffering from bereavement, loss or the serious illness of a family member by the provision of training.
The following quotation is pertinent to the setting of our aims and objectives; "Children who experience three or more stressful life events, such as family bereavements, divorce or serious illness are significantly more likely to develop emotional and behavioural disorders" (Source: The Office for National Stalistics 21st October 2008).
Main Objectives for the Year Jul 2022-June 2023
The trustees have had regard to the guidance issued by the Charity Commission on public benefit and the summary of the main activities for the year are:
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I. Expand the financial scope of the charity to ensure diversification and source income from alternative and sustainable streams.
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II. Further develop our blended service to effectively suppo&1 5—25-year-olds with a range of options for digital and face-to-face engagement via home or school.
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III. Continue promoting and expanding throughout Herefordshire and beyond with a focus on partnerships with schools, hospitals, and hospices
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IV. Continued development of an effective management structure including Trustees, the Youth Management Team, and Senior Staff. Development of existing workforce and recruitment of experienced and qualified staff to meet the growing demands for the Hope service.
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- V. To continue to develop operational systems, policies and procedures to ensure the safeguarding of service users and staff, Volunteers contribute to the work of the charity supporting by fundraising, but also in administration, publicity, marketing and support in youth sessions and activities. All members of staff also volunteer on a
Challenges:
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I. Limited Resources: Despite our efforts, the demand for education support exceeds available resources.
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II. Infrastructure Needs: Addressing long-term infrastructure improvements requires sustained investment and collaboration.
Future Plans:
Sustainability: Implement strategies to ensure the long-term sustainability of the initiative, such as exploring innovative funding models and community involvement. Expansion: Explore opportunities to extend support to additional schools and communities in need.
Conclusion:
In conclusion, our efforts to support education access for 2,417 students through the provision of teacher salaries, school maintenance, and essential resources have made a significant impact on the lives of underserved children. With continued support and collaboration, we remain committed to creating a brighter future for generations to come.
Activities:
Tuition support programme
We have started this programme last year in UK especially in London. As our main goal is to educate disadvantaged children and low income families children, we have stated to support low income families children’s education for the year ended 31 July20 23. We supply educational materials such as tablets, laptops and Pcs, and other educational materials. We reach out some of the local tuition centres and selected those who are struggling to pay their tuition fees and managed to pay part of their tuition. Around 23 children benefited from the program, improved their grades and some them achieved educational milestones.
Continues projects
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.
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We provide the following services:
Free advice, support and information on immigration, welfare rights and council services, addressing crime and street violence, health promotion and linking with health provisions, outreach work with young people, outreach work with older people Support for offenders and their families/carers Literacy and numeracy sessions in English and Somali for adults and teenagers. Career and employment guidance and support, holiday clubs for families and their children, disseminate and share information on good practices on integration without assimilation of own cultural identity.
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
Sustaining 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 over 2400 pupils.
1. Sponsor Programs
We launch special appeals with fixed funding requirements. Sponsorship is particularly effective for these appeals, as they are time-limited and have clear, observable deliverables.
We believe that investing in children’s education is the best way to uplift them and their families from the cycle of poverty. Recognizing this from the beginning, we at GS prioritized building schools. Today, we support FREE education over 2,400 pupils.
Providing a comprehensive and measured response to those who have lost everything due to natural disasters, conflicts, or other misfortunes is challenging under any circumstances, and even more so in real-life situations. Rebuilding the lives of affected children requires a collaborative approach between donors and those in need. This cooperation allows us not only to provide necessities like water, food, and shelter but also to empower individuals through education and other small, impactful gifts, enabling them to become self-sufficient.
We are deeply grateful to our sponsors and donors for their selfless dedication to our causes. Beyond education, our funds support a diverse range of initiatives, including microfinance loans and well-digging in water-stressed areas.
This year, GS continues to develop its four orphanage schools in East Africa. These schools maintain excellent selection rates for students advancing to secondary education. Currently, over 2,034 children, from primary through early secondary stages (Year 10), receive education, food, and shelter, equipping them with the skills needed to lead independent and dignified lives and to promote a more equitable society.
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We are also planning to introduce new educational programs that provide vocational skills for students who do not continue to secondary school. These workshops in tailoring, welding, computing, and cooking will be held in the afternoons after academic classes. To further our mission, GS has established a renewed objective of expanding globally, allowing thousands more to benefit from the opportunities provided by education.
2. - Ramadan Iftar.
In Ramadan, we give out food baskets, which include the main components of meals, such as Wheat, Oil, Rice, Sugar, Flour, and Spaghetti & Tea. The cost of this basket ranges from £55-£70 depending on the quantity of food required in each basket. Each Ramadan, we usually distribute to 300-500 families.
3- Micro financing for poor families.
We are continuing our microfinance project in the Awdal Region of Somaliland. This project has become successful benefiting over 45 families who are also able to return the initial investment. These families are doing things they are generating revenue, such as selling vegetables, milk, grinding meat, knitting, tea and sandwiches. These families have a commitment to pay back £10 per month each. The objective of this is to not only help these families in making a business that can generate revenue for them, but then using the money we receive to help even more families and to improve the lives of countless families in doing so.
This program now has over 45 families that are paying back the initial investment and their financial status has improved significantly, since they now have a sustainable form of income through their business. We developed this project, and we have had a lot successful stories, with a good number of management to oversee the project and ensure its success, with the money in the project becoming an endowment for countless families.
4- Educational Support for Orphans and Poor Students in Awdal Somaliland.
Giving Sadaqah currently manages a network of four schools and seven Madrasas in the Awdal region of Somaliland. Our mission is to provide quality education to orphans and impoverished students, ensuring that their living costs are covered and they have access to basic amenities.
The current enrolment at our institutions is as follows: Schools: 1,898 students Vocational: 517 students Total Students: 2,415
These students are predominantly orphans and children from poor families, receiving not only education but also comprehensive support for their living expenses and basic needs. Staffing
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To effectively manage and provide quality education, we have a dedicated team of Teachers and support staff:
Schools: 47 staff members Vocational: 26 staff members Total Staff: 73
Services Provided
In addition to academic instruction, Giving Sadaqah offers various services to ensure the well-being and holistic development of the students:
GS is committed to continuing its efforts in providing high-quality education and comprehensive support to orphans and poor children in the Awdal region. Our schools and Madrasas serve as vital institutions for these vulnerable groups, helping to pave the way for a brighter future. The students are being educated to near the best standard within the area, with a variety of subjects, such as Arabic, English, Maths, Science &Islamic Studies.
We remain dedicated to enhancing our educational programs and support services to meet the needs of our students and staff, contributing positively to the community and the region as a whole.
5. Eid Gift for Orphans:
This year, we have successfully distributed Eid gifts to orphans, providing £26 to each of 350 children. This effort brought a lot of joy and support to those children during the Eid.
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Financial Review for the year ended 31 July 2023
For the year ended 31 July 2023, GIVING SADAQAH received total sum of £92,077 of which £25,696 was restricted funds and £66,381 were unrestricted funds.
The total expenditure for the year ended 31 July 2023 was £82,349. The expenditure for the period was funded by the restricted funds of £25,696 in full and £66,381 of unrestricted funds. Thus, the charity has made a net surplus of £9,728 for the period.
Reserves Policy
The Charity requires reserves to protect its current activities, to allow the trustees to meet their day-to-day responsibilities and to ensure that it continues to operate as a going concern. The charity reserves stood at £50,308 at the end of the financial year of 31/07/2023, which will be available to spend for the first 6 months of the following financial year.
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 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 July 2023. 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.
27/05/2024
Approved by
Abdirahman Amin………………….
Giving Sadaqah Trustee
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INDEPENDENT EXAMINER’S REPORT TO THE CHARITY TRUSTEES OF GIVING SADAQAH.
I report to the trustees on my examination of the accounts of GIVING SADAQAH.for the year ended 31 July 2023.
Responsibilities and basis of report
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
the Act; or
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Yousif Abdi – Accountant – FCCA
AFLAH ACCOUNTING
GIVING SAADAQAH ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 JULY 2023
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STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) for the year ended 31 JULY 2023
| Notes | UNRESTRICTED FUNDS | RESTRICTED FUNDS | **TOTAL FUNDS ** | TOTAL FUNDS | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| 2023 | 2022 | ||||
| INCOMING RESOURCES: | |||||
| Donations | 66,381 | 25,696 | 92,077 | 92,539 | |
| Voluntary Grants | (1) | - | 0 | - | |
| Legacies | - | - | - | - | |
| Gifts in Kind | - | - | - | - | |
| Services | - | - | - | - | |
| Investment Income | - | - | - | - | |
| Total Incoming Resources: | 66,381.0 | 25,696.0 | 92,077.0 | 92,539.0 | |
| RESOURCES EXPENDED: | |||||
| Costs for generating funds | - | - | - | ||
| Charitable Activities | (2) | (42,455) | (25,696) | (68,151) | (75,896) |
| Supported Activities | (2) | (14,198) | - | (14,198) | (14,285) |
| TOTAL RESOURCES EXPENDED: | (56,653) | (25,696) | (82,349) | (90,181) | |
| Net Surplus/Deficit for the year | 9,728 | 0 | 9,728 | 2,358 | |
| Opening funds Transfer of funds | 40,580 | - | 40,580 | 38,222 | |
| Opening funds Transfer of funds | 0 | 0 | 0 | 0 | |
| Transfer of funds | 0 | 0 | 0 | 0 | |
| CLOSING FUNDS: | 50,308 | 0 | 50,308 | 40,580 |
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BALANCE SHEET AS AT 31 JULY 2023 GIVING SADAQAH
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| MOTOR VEHICLES | (3) | 4,600 | 4,600 |
| LESS ACCUMULATED DEPRECIATION | (1,534) | (767) | |
| NET BOOK VALUE | 3,066 | 3,833 | |
| TOTAL FIXED ASSETS | 3,066 | 3,833 | |
| CURRENT ASSETS | |||
| DEBTORS | 0 | 0 | |
| INVESTMENTS | 9,400 | 9,400 | |
| CASH AT BANK & IN HAND | (4) | 47,818 | 43,447 |
| TOTAL CURRENT ASSETS | 57,218 | 52,847 | |
| CURRENT LIABILITIES | |||
| CREDITORS | (5) | (650) | (650) |
| LONG TERM LIABILITIES | |||
| LOANS | (6) | (9,326) | (15,450) |
| NET ASSETS | 50,308 | 40,580 | |
| RESERVES: | |||
| RESTRICTED FUNDS | 0 | 0 | |
| UNRESTRICTED FUNDS | 50,308 | 40,580 | |
| TOTAL | 50,308 | 40,580 |
Approved by the board of trustees on 28/05/2024 and signed on behalf of the board by: Abdirahman Amin Trustees
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Notes to the Financial Statements
7.1 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.
7.2. Where unconditional entitlement to grants receivable is dependent upon fulfilment 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.
7.3. 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.
7.4. Unrestricted funds: Donations and other incoming resources available for use at the discretion of the trustees in furtherance of the charitable purposes.
7.5. 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.
7.6. 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.
NOTE 1
| DONORS | RESTRICTED(2023) | UNRESTRICTED(2023) | TOTAL 2023(£) | TOTAL 2022 (£) |
|---|---|---|---|---|
| DONATIONS | 35,398.00 | 57,141.00 | 92,539.00 | 92,539.00 |
| TOTAL | 35,398.00 | 57,141.00 | 92,539.00 | 92,539.00 |
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NOTE 2
NOTE 3
Tangible fixed assets
| Fixed assets costing in excess of £250 are capitalised and are shown at historical cost. Depreciation is provided, after taking into account of any grants receivable. Tangible fixed assets are depreciated at 20% reducing balance. At Cost 01/06/2022 Additions Disposals Revaluations Transfers As at 31 JULY 2023 Depreciation: Accumulated Depreciation as 01/06/2022 Charge for the year at 31 July 23 Net Book Value at 31 JULY 2023 |
£ 4,600 - - - - |
|---|---|
| 4,600 | |
| (767) (767) |
|
| 3,066 |
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NOTE 4
CASH AT BANK AND IN HAND
The Organisation's cash balance is £47,818 as at 31 JULY 2023
NOTE 5
CREDITORS
The association has had correctly accrued for an unpaid invoice of £650, which related to works/services that were carried out in the financial year ending 31 JULY 2023
NOTE 6
LOANS (BANK)
| BANK LOAN Repaid Balance at 31/07/2023 EMPLOYMENT COSTS 2023 £ Payroll Costs £0 |
£ 22,000 -12,674 |
|---|---|
| 9,326 | |
| 2022 £ £0 |
TRUSTEES EXPENSES
The trustees neither received nor waived any emoluments during the period Trustees claimed for travelling expenses during the year. These amounted to £0.00
CASH FLOW STATEMENT
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small company
TAXATION
The charitable company is exempt from taxation under sections 466 to 493 of the Corporation Tax Act 2010
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