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← Skills Active Forward

2024-03-31-accounts

SKILLS ACTIVE FORWARD (SAF-UK) INTERNATIONAL ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

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Skills Active Forward (SAF-UK) International

Annual report and financial statements
For theyear ended 31st March 2024
PAGE
Organisation Information 1
Background Information 2-3
Report of the Trustees 4
Statement of directors' responsibilities 5
Report of the independent auditor 6-7
Financial statements:
Statement of comprehensive income 8
Statement of financial position 9
Statement of changes in equity 10
Statement of cash flows 11
Notes to the financial statements 12-24

Skills Active Forward (SAF-UK) International

Annual report and financial statements For the year ended 31st March 2024 ORGANISATION INFORMATION

Board of trustees

Mohammed Ahmed Noor Chairperson Fardowsa Hayle Abdi Secretary Abdullahi Isse Ali Treasurer Mohammed Abdulkadir Jirde Member Fawsia Ali Mohamoud Member

Abdiaziz Mohamed Hashi Executive Director

Registered office Headquarters Regional Office 37 Chapel Street 3rd Floor,Madona House London NW1 5DP Westlands Road Tel: +44 207 993 5553 Westlands,Nairobi

Field Office Field Office Field Office Taleex Village, Hodan Di Farjano village Horumar Village Mogadishu-Somalia Kismayo Town, Galkacyo Town, Tel: 0615535075 Tel: 0616723333 Tel: 0907626673

Auditors M.N Cliff & Associates LLP Certified Public Accountants (K) 3rd Floor,New Wing P.O Box 25593-00100 Nairobi Email: info@mncliffcpa.com

Kenya Somalia Absa Kenya Dahabshil Bank Eastleigh Branch Mogadishu P.O.Box 30120-00100 Somalia Nairobi

Principal bankers Kenya

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Skills Active Forward (SAF-UK) International

Annual report and financial statements For the year ended 31st March 2024

INTRODUCTION BACKGROUND INFORMATION

Skills Active Forward (SAF-UK) is an international non-profit organization dedicated to saving lives and relieving suffering through health care. Our core mandate includes responding to socioeconomic youth development, poverty reduction, community development through provision of access to preventive and curative health care, relief, provision of accessibility to safe drinking water to both people and livestock, promotion of quality and accessible education, food security, human rights, re-auxiliary to the public authorities, both in UK, Somalia, Kenya, the Somalia Diaspora and the neighbouring countries within the Horn of Africa.

SAF-UK International is registered in the United Kingdom as a charitable organisation under registration number (1124643), registered in Somalia with the Federal Government of Somalia under registration number (Wqtdngomoifar0115/2020) and other states of Somalia including Puntland, Jubaland state and Galmudug state and registered in Kenya with the NGO Coordination Board under registration number (OP.218/051/2009/0359/5959).

Vision Statement

The Organisation's vision is to alleviate poverty through sustainable development. The Organisation aims to operate effectively to help the people of horn of Africa so that their voices are heard, their rights are safeguarded and their needs are addressed.

Mission Statement

The Organisations mission is to excel as a humanitarian non-profit, non-political and nonreligious organisation that provides emergency relief, rehabilitation, development assistance and programme service to vulnerable communities within the Horn of Africa and Somalia. The Organisation is dedicated to reducing human suffering through;

(i) Serving the needs of the most vulnerable particularly women, children and victims of war and natural disasters and civil conflicts and the poor with a specific focus on neglected groups.

(ii) Providing holistic, multisectoral sustainable and programs that bridge emergency relief and long term development at the grassroot levels.

(iii) Empowering communities by building capacity and by maximizing local resources in both program design implementation.

(iv) Promoting self-reliance, peaceful coexistence and reintegration of marginalized communities.

(v) Protecting lives from physical injury or psychological trauma where possible.

(vi) Upholding the highest professional norms in program delivery, including accountability to beneficiaries and donors alike.

Objectives

(I) To enhance, promote and empowering the youth (male and female) through provision of essential skills and knowledge to attain self-reliance and sustainable livelihood.

(ii) To rehabilitate, reconstruct and develop the community’s skills for a long lasting and better future.

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Skills Active Forward (SAF-UK) International

Annual report and financial statements For the year ended 31st March 2024

Background cont'

(iii)To create and promote opportunities equally for men and women for sustainable, decent employment and productivity.

(iv)To advance education by providing and assisting in the provision of training, career guidance and facilities which would not be otherwise available.

(v)To develop the capacity and skills of the members of socially and economically disadvantaged communities (including government members, local NGO’s, health professionals, farmers, environmental-groups and private-sectors) in such a way that they are better able to identify and help meet their needs and to participate more fully in society.

(vi) To improve the livelihood of disadvantaged people through eradicating poverty and hunger and achieving sustainable development in all aspects of human life improvement.

(vii)To provide health care arrangements that will combat Africa’s most lethal ailments including HIV/AIDS and Malaria by working with healthcare providers and Global Fund in organizing practical long term solutions.

(viii)To formulate the international policies and programmes to promote basic human rights, improve working and living conditions and to enhance employment opportunities.

(ix) To provide equal protection and humanitarian assistance to all IDPs.

Areas of intervention

SAF-UK intervenes in the following areas;

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Skills Active Forward (SAF-UK) International

Report of the trustees

For the year ended 31st March 2024

The Trustees submit their report together with the audited financial statements for the year then ended 31st March 2024, which disclose the state of affairs of the organisation

Registration

Skills Active Forward (SAF-UK) International is registered as a Non-Governmental Organization in the United Kingdom,Kenya and Somalia.

Principal activities

The Organisation intervenes in the following sectors; Food Security,Social Services (education, health and Nutrition, WASH, Livestock), income generation, rehabilitation of public infrastructure, good governance, peace and human rights, rehabilitation and emergency responses.

Results

The results for the year are shown in page 6

Trustees

The trustees who held office during the period and to the date of this report are set out on page 1.

By order of the Board of Trustees

……………………… Md-g — Chairman

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Skills Active Forward (SAF-UK) International

Statement of trustees' responsibilities For the year ended 31st March 2024

The Board of trustees are required to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for that year. It also requires the directors to ensure that the organisation maintains proper accounting records that disclose, with reasonable accuracy, the financial position of the company. The directors are also responsible for safeguarding the assets of the organisation.

The trustees accept responsibility for the preparation and fair presentation of these financial statements, which are free from material misstatement whether due to fraud or error, that have been prepared in accordance with International Financial Reporting Standards . They also accept responsibility for:

The trustees are of the opinion that the financial statements give a true and fair view of the state of the financial affairs of the organisation as at 31st March 2024 and of its Deficit and cash flows for the period then ended.

Nothing has come to the attention of the trustees to indicate that the organisation will not remain a going concern for at least the next twelve months from the date of this statement.

Approved by the board of trustees on …30th September 2024.. and signed on its behalf by:

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Chairman…………………….. Date …30.09.2024…..
Director……………………………. Date …30.09.2024…..
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Report of the Independent Auditor

To the Board of Trustees of: Skills Active Forward (SAF-UK) International

Opinion

We have audited the financial statements of Skill Active Forward (SAF-UK)set out on pages 8 to 24 which comprise the statement of financial position as at 31 March 2024, and the statement of income and expenditure, statements of fund balances and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory notes.

In our opinion, the accompanying financial statements give a true and fair view of the state of financial affairs of Skills Active Forward (SAF-UK) International as at 31 March 2024 and of its surplus and cash flows for the period then ended in accordance with International Financial Reporting Standards (IFRS) for not-for-profit entities (NPOs).

Basis of Opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the organisation in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statements in Kenya, and we have fulfilled our ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other information

The management is responsible for the other information. Other information comprises the information included in the Annual Report, but does not include the financial statements and our auditor's report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or other wise appears to be materially misstated of this other information: we are required to report that fact. We have nothing to report in this regard.

Board of Trustees responsibility for the financial statements

The organisation’s management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards and the respective regulatory requirements. The responsibility includes: designing, implementing, and maintaining internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

6

Report of the Independent Auditor

To the Board of Trustees of:

Skills Active Forward (SAF-UK) International

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.

The engagement partner responsible for the audit resulting in this independent auditor's report is CPA Wycliffe N. Michoki. Practicing certificate no. 1999.

MN. Ch ¢ Resers M.N Cliff & Associates LLP Certified Public Accountants P.O Box 25593-00100 3rd Floor, Waumini House Westlands, Nairobi

…30th September. 2024....

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Skills Active Forward (SAF-UK) International

Financial Statements

For the year ended 31st March 2024

STATEMENT OF COMPREHENSIVE INCOME

Note
Income
2
Expenditure
3
Surlus / (deficit)		 2024
2023
US$
US$
242,023
248,195
(242,023)
(248,195)
-
-

Surplus / (deficit)

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Skills Active Forward (SAF-UK) International

Financial Statements

For the year ended 31st March 2024

Financial Statements
For the year ended 31st March 2024year ended 31st March 2024ear ended 31st March 2024
STATEMENT OF FINANCIAL POSITION
2024 2023
ASSETS Note US$ US$
Non-current assets
Property, plant and equipment 4 5,046 5,547
5,046 5,547
Current assets
Accounts Receivable 6 - 2,406
Cash and bank balances 5 3,290 2,226
3,290 4,632
Total assets 8,338 10,180
FUND BALANCES
Capital Fund account 3,514 4,904
General fund account 4,824 2,996
8,338 7,900
Current liabilities
Accounts payables 7 - 2,280
- 2,280
Total fund balances and liabilities 8,338 10,180

The financial statements on pages 8 to 24 were approved for issue by the Board of Trustees on ……30 September 2024…...... and were signed on its behalf by:

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Skills Active Forward (SAF-UK) International

Financial Statements

For the year ended 31st March 2024 STATEMENT OF CHANGES IN FUND BALANCE

Year ended 31st March 2023
Opening Balance
Prior year adjustment
Amortasation
Surplus / deficit for the year
At 31st March 2023
Year ended 31st March 2024
Opening balance
Prior year adjustment
Amortisation
Surplus / deficit for the year
At 31st March 2024		 Capital
Fund
US$
6,407
-
(1,503)
-
4,904
4,904
-
(1,390)
-
3,514		 General
Fund
US$
(241)
3,237
-
-
2,996
2,996
1,828
-
-
4,824		 Total
US$
6,166
3,237
(1,503)
-
7,900
7,900
1,828
(1,390)
-
8,338

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Skills Active Forward (SAF-UK) International

Financial Statements

Financial Statements
For theyear ended 31st March 2024
STATEMENT OF CASH FLOWS
2024
Note
US$
Cash flows from operating activities
-
Prior year adjustment
2,209
Surplus / (deficit) before working capital changes
2,209
Decrease / (increase) in:
Trade and other receivables
2,406
Trade and other payables
(2,280)
Cash (used in) / generated from operations
2,335
Net cash (used in) / generated from operating activities
2,335
Cash flows from investing activities
Purchase of property, plant and equipment
4
(1,271)
Net cash (used in) investing activities
(1,271)
Cash flows from financing activities
Deferred Income
-
Trustees Account
-
Net cash generated from / (used in ) financing activities
-
Net (decrease) / increase in cash and cash equivalents
1,064
Cash and cash equivalents at 1st April 2023
2,226
Cash and cash equivalents at 31st March 2024
5
3,290		 2023
US$
-
3,515
3,515
(2,406)
(15,796)
(14,687)
(14,687)
(920)
(920)
-
-
-
(15,607)
17,834
2,226

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Skills Active Forward (SAF-UK) International

Financial Statements For the year ended 31st March 2024 NOTES

1. Accounting policies

The principal accounting policies adopted in the preparation of these financial statements are set out below:

a) Basis of preparation

The financial statements are prepared in compliance with International Financial Reporting Standards (IFRS) for not-for profit entities under the historical cost basis of accounting. The presentation currency used in the preparation of the financial statements is the United States Dollars (USD).

The measurement basis used is the historical cost basis except where otherwise stated in the accounting policies below.

b) Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefit will flow to the organization and revenue can be reliably measured. The following specific recognition criteria must be met before revenue is recognized.

Income / funding comprises grants from various donors, interest received from bank deposits and other income. Revenue grants are recognized as income in the period it is expended.

c) Property, plant and equipment

All categories of property, plant and equipment are initially recognized at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to the acquisition of the assets.

Subsequent costs are included in the asset's carrying value only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. Repairs and maintenance is charged to the profit and loss account in the year to which it relates.

Depreciation is calculated using the reducing balance method to write down the cost or the revalued amount of each asset to its residual value over its estimated useful life using the following annual rates:

Rate - %

Computers, copiers & faxes 30
Moto vehicles 25
Furniture & fittings 12.5
Equipments 12.5

The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.

12

Skills Active Forward (SAF-UK) International

Financial Statements For the year ended 31st March 2024

NOTES

1. Accounting policies (continued)

c) Property, plant and equipment (continued)

Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use.

Gains and losses on disposal of property, plant and equipment are determined by reference to their carrying amount and are taken into account in determining the surplus or deficit for the year.

d) Cash and cash equivalents

For the purposes of cash flow statement, cash and cash equivalents comprise cash in hand and bank balances.

e) Payables

Payables are recorded at the undiscounted mount of cash and cash equivalent expected to be paid or the fair value of the consideration received in exchange of the obligation. Trade and other payables are started at their nominal value.

f) Currency

The Financial Statements are presented in United States Dollars

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Skills Active Forward (SAF-UK) International

Financial Statements For the year ended 31st March 2024

NOTES

2. Income
Grants received
Members Contribution-Administration
Amortisation of capital grant
Less:Capital Grant
3. EXPENDITURE
UNICEF Project
Administration Expenses
UNICEF Project		 2024
US$
236,481
5,542
1,390
(1,390)
242,023
2024
US$
236,481
5,542
242,023		 2023
US$
239,968
8,227
1,503
(1,503)
248,195
2023
US$
239,968
8,227
248,195

14

Skills Active Forward (SAF-UK) International

Financial Statements For the year ended 31st March 2024

NOTES

4 Property, plant and equipment

Motor
Vehicle
US$
Year ended 31st March 2023
As at 1st April 2022
12,462
Acquisitions
-
Closing carrying value
12,462
At 31st March 2022
Accumulated Depreciation
8,519
Depreciation
986
Accumulated Depreciation
9,505
Carrying Value
2,957
Year ended 31st March 2024
As at 1st April 2023
12,462
Addition
-
Closing carrying value
12,462
At 31st March 2023
As at 1st April 2022
9,505
Depreciation
739
Accumulated depreciation
10,244
Carrying Value
2,218		 Motor
Vehicle
US$
Year ended 31st March 2023
As at 1st April 2022
12,462
Acquisitions
-
Closing carrying value
12,462
At 31st March 2022
Accumulated Depreciation
8,519
Depreciation
986
Accumulated Depreciation
9,505
Carrying Value
2,957
Year ended 31st March 2024
As at 1st April 2023
12,462
Addition
-
Closing carrying value
12,462
At 31st March 2023
As at 1st April 2022
9,505
Depreciation
739
Accumulated depreciation
10,244
Carrying Value
2,218		 Computers
copiers & faxes
US$
7,499
1,271
8,770
6,189
774
6,963
1,807
8,770
-
8,770
6,963
542
7,506
1,265		 Furniture
& fittings
US$
2,012
-
2,012
1,015
125
1,140
872
2,012
-
2,012
1,140
109
1,249
763		 Software
US$
1,400
-
1,400
600
-
600
800
1,400
-
1,400
600
-
600
800		 Total
US$
23,373
1,271
24,644
16,323
1,885
18,208
6,437
24,644
-
12,462 24,644
9,505
739		 18,208
1,390
10,244 19,598
2,218 5,046

15

Skills Active Forward (SAF-UK) International

Financial Statements

For the year ended 31st March 2024 NOTES

5 Cash and bank balances

For the purpose of the cash flow statement, cash and cash equivalents comprise the following:

Cash at bank and in hand
6
Accounts Receivable
Accounts receivable
7 Accounts Payable
Deferred Income
Account payable
Accruals
8 Directors Account
Directors Loan		 2024
US$
3,290
3,290
-
-
-
-
-
-
-		 2023
US$
2,226
2,226
2,406
2,406
2,280
-
2,280
-
-

16

Skills Active Forward (SAF-UK) International

Financial Statements

For the year ended 31st March 2024

9 CONSOLIDATED UNICEF FUND STATEMENT

Notes
INCOME
SOM/PCA/202126/PD2022526
9.1
SOM/PCA/2021282/PD2022526
9.2
EXPENSES
SOM/PCA/202126/PD2022526
9.1
SOM/PCA/2021282/PD2022526
9.2
Total expenditure
Surplus / (deficit)
Balance brought forward
Accumulated Fund Balance		 Donor
Own
Contribution
US$
US$
169,790
-
66,691
-
236,481
-
169,790
-
66,691
-
236,481
-
-
-
-
-
-
-
2024		 Donor
Own
Contribution
US$
US$
169,790
-
66,691
-
236,481
-
169,790
-
66,691
-
236,481
-
-
-
-
-
-
-
2024
-
-
-
-
-
-
-

17

Skills Active Forward (SAF-UK) International Financial Statements For the year ended 31st March 2024

NOTES

9.1 SOM/PCA/202126/PD2022526 Project Title

Support Scale- up of preventive and culture nutrition services for childrens and Women Iin Galkayo and Hobya district of Galmudug.

Income
EXPENDITURE
Direct staff salary
9.1.1
Car rent
Incountry operation cost
Support child health activities
Incountry Management
9.1.2
Support maternal new born health
Training
Total Expenditure
Surplus
9.1.1 Direct staff salary
1.1.1 IYCF Counsellors
1.1.2 Community Health Worker
2.1.1 OTP Nurses
2.1.2 Screener
2.1.3 Registrar
2.1.4 Fixed site cleaner
2.1.5 Security Guard
2.1.6 Nutrition Data Officer
9.1.2 Incountry Management
3.1.3 Head of Finance
3.1.5 Health and Nutrition manager
3.1.6 National Logistic coordinator
3.1.9 Logistic assistant
3.1.10 finance assistance		 Budget
UNICEF
Contribution
SAF UK
Contribution
Variance
US$
US$
US$
US$
169,790
169,790
-
-
Actual
169,790
169,790
-
-
102,879
102,879
-
-
25,920
25,920
-
-
2,392
2,392
-
-
11,424
11,424
-
-
5,082
5,082
-
-
13,888
13,888
-
-
8,205
8,205
-
-
169,790
169,790
-
-
-
-
-
-
10,500
10,500
-
-
24,888
24,888
-
-
19,200
19,200
-
-
22,080
22,080
-
-
11,040
11,040
-
-
3,024
3,024
-
-
2,520
2,520
-
-
9,627
9,627
-
-
102,879
102,879
-
-
2,400
2,400
-
-
1,080
1,080
-
-
270
270
-
-
432
432
-
-
900
900
-
-
5,082
5,082
-
-

18

Skills Active Forward (SAF-UK) International Financial Statements For the year ended 31st March 2024

NOTES

9.2 SOM/PCA/2021282/PD2022526

Project Title

Support scale -up of preventive and curative nutrition services for childrens and women in Galkayo and Hbyo districts of Galmudug state(Intergrated Emergency health and nutrition activities in South Galkayo and Hobyo District)

Actual Actual
UNICEF SAF UK
Budget Contribution Contribution Variance Contribution Variance
US$ US$ US$ US$
Income 66,691 66,691 - -
66,691 66,691 - -
EXPENDITURE
Direct staff salary 9.2.1 25,716 25,716 - -
Car rent 6,480 6,480 - -
Incountry operation cost 600 600 - -
Support child health activities 11,433 11,433 - -
Incountry Management 9.2.2 1,271 1,271 - -
Support maternal new born health 13,887 13,887 - -
Training 7,304 7,304 - -
Total Expenditure 66,691 66,691 - -
Surplus - - - -
Direct staff salary
9.2.1 1.1.1 IYCF Counsellors 2,625 2,625 - -
1.1.2 Community Health Worker 6,216 6,216 - -
2.1.1 OTP Nurses 4,800 4,800 - -
2.1.2 Screener 5,520 5,520 - -
2.1.3 Registrar 2,760 2,760 - -
2.1.4 Fixed site cleaner 756 756 - -
2.1.5 Security Guard 630 630 - -
2.1.6 Nutrition Data Officer 2,409 2,409 - -
25,716 25,716 - -
9.2.2 Incountry Management
3.1.3 Head of Finance 600 600 - -
3.1.5 Health and Nutrition manager 270 270 - -
3.1.6 National Logistic coordinator 68 68 - -
3.1.9 Logistic assistant 108 108 - -
3.1.10 finance assistance 225 225 - -
1,271 1,271 - -

Skills Active Forward (SAF-UK) International Financial Statements For the year ended 31st March 2024

12 Nairobi Based Support Costs

Nairobi Based Support Costs
Note
EXPENDITURE
Office Rent
Office Internet
Stationeries
Laptop
Utilities		 2024
US$
3,758
240
34
1,271
239
5,542

20