## **BRISTOL SOMALI RESOURCE CENTRE**
# **FINANCIAL STATEMENTS**
## **YEAR ENDED 31[st] MARCH 2021**
**Company Registration Number 06771265 Charity Number 1128721**
**BRISTOL SOMALI RESOURCE CENTRE**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administration details of the charity and its||
|advisors|**2**|
|Trustees annual report|**3 to 6**|
|Independent Examiners Report|**7**|
|Statement of financial activities (including income and||
|expenditure account)|**8**|
|Balance sheet|**9**|
|Notes to the financial statements|**10 to 17**|
## **BRISTOL SOMALI RESOURCE CENTRE**
## **Reference and administration details of the charity and its advisors**
## **YEAR ENDED 31 MARCH 2021**
## **Status**
Bristol Somali Resource Centre is a company limited by guarantee (06771265) incorporated on 12th December 2008 and granted charitable status by the Charity Commission on 20th March 2009 under number 1128721
## **Directors and Trustees**
The Board of Directors, who are Trustees for the purpose of charity law, who served during the year and up to the date of this report are collectively referred to as the trustees.
## **Trustees**
|Saed Ali|Chair|resigned April 2021|
|---|---|---|
|Samira Muse|Chair||
|Abdi Osman Mohamed Treasurer|||
|Sado Jirde|Member|resigned April 2021|
|Madge Dresser|Member||
|Kuba Jablonowski|Member||
|Dr Henrietta Wilkinson|||
|Fatia Gure||appointed March 2021|
## **Registered Office**
43 Ducie Road Barton Hill Bristol BS5 0AX
## **Independent Examiner**
Joanne Trowbridge MAAT Bristol Community Accountants CIC, The Park, Daventry Road, Knowle, Bristol, BS4 1DQ
## **Bankers**
Lloyds TSB PO Box 1000 Rushden BX1 1LT
**- 2 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31[st] March 2021.
Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: 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).
## **Structure, Governance and Management**
The number of association directors, not including persons co-opted in accordance with article 20 shall not be more than nine or less than three. Directors of Association are elected for a two year term after which they are eligible to stand for re-election.
## **Public Benefit**
In shaping the objectives for the year and planning activities, the trustees have considered the Charity commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **Objectives and activities**
## _**Objects of the Charity:**_
- 1) The promotion of equality and diversity for the public benefit in particular within the city of Bristol by:
- (a) the elimination of discrimination on the grounds of race, gender, disability, sexual orientation or religion;
- (b) advancing education and raising awareness in equality and diversity;
- (c) promoting activities to foster understanding between people from diverse backgrounds, in particular including those of Somali origin or heritage;
- (d) conducting or commissioning research on equality and diversity issues and publishing the results to the public;
- (e) cultivating a sentiment in favour of equality and diversity.
- (2) To develop the capacity and skills of the members of the socially and economically disadvantaged community, in particular but not limited to people Somali of origin or heritage living and/or working within the city of Bristol, in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
- (3) The promotion of racial harmony for the public benefit by:
- (a) promoting knowledge and mutual understanding between different racial groups;
- (b) advancing education and raising awareness about different racial groups to promote good relations between persons of different racial groups, and in particular including those of Somali origin or heritage
- (c) working towards the elimination of discrimination on the grounds of race.
**- 3 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
- (4) Any other charitable purpose agreed by special resolution under the Articles of the Company, and notified to, and accepted by the Charity Commission as charitable.
## **Vision**
To create a strong and vibrant Somali community that is fully integrated into British society as active, social and economic participant.
## **Summary of main objectives in relation to the above objects**
The Bristol Somali Resource Centre (BSRC) provides free and impartial information, advice and guidance on range of issues including welfare, housing, schools and employment. BSRC also organises training activities and workshops to enhance employment opportunities, social interaction and to help reduce isolation. We work with the most disadvantaged people in Bristol, resolving many problems and challenges that they face. We are committed to improving the lives of most vulnerable people in the community who are facing barriers such cultural and language barriers.
## **Summary of the main achievements of the charity during the year**
This year was a strange and challenging year for all of us. Our normal way of service delivery has been disrupted by challenges presented by Covid-19. As a result, we had to adapt our services and respond to those challenges. We realised that the challenges are immense, and the community has been hit hard and disproportionately affected by Covid-19. Therefore, we mobilised the community resources and set up a Covid-19 task force to support those who were self-isolating, lost loved ones or lost their livelihood. We helped people affected by lockdown with advice, guidance, information and translated information about the Covid-19 into community languages. We raised awareness about Covid-19, translated government Covid-19 guidelines and promoted vaccine uptake.
We continued to support Somali individuals and families across the City of Bristol, including those most affected by the COVID pandemic. As COVID highlighted, many families face multiple deprivations which have the potential to impact on their life chances over generations, generating cycles of digital exclusion (IT skills and equipment), food poverty, inadequate housing, and precarious employment.
We have been giving support and advice around employment, housing, mental health support, education, relocation and benefits, among many other areas. Our fantastic staff team has continued to perform miracles in the face of very limited time and resources and overwhelming demand for support.
Whilst providing ongoing free advice and support services, BSRC also learnt that there is existing food poverty among the community we serve, where many families and individuals struggle to afford adequate food. The reason is that majority of service users were on zero-hour contract and were not entitled to the furlough payments scheme. Also, many of them were self-employed or work in precarious jobs, which made them prone to catch the virus (Covid-19) and thus led them into selfisolation if not hospitalisation. Therefore, they could easily face loss of income within a short period
**- 4 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
of time, which led them to struggle to put food on the table. To tackle this apparent food shortage, BSRC maximised its capacity to reach the most vulnerable people in the City. On a weekly basis, food boxes have been distributed to most disadvantaged people whom Covid19 and the subsequent lockdowns exacerbated their predicaments.
Since 1st lockdown, BSRC learnt through food delivery visits that digital poverty is also part of the problem in which most of our service users have. To respond to this, BSRC contacted digital trusts, foundations, private companies, and individuals for assistance on this. We secured refurbished laptops, PCs and brand-new tablets. Since April 2020, devices distribution has been underway, hundreds of families have been connected to the net for educational and societal purposes.
Similarly, BSRC spotted another group of people who had an extreme digital exclusion. Older adults encountered reduced social interaction during the lockdown. The use of Personal computers would help them maintain their social ties, which also improves their psychological wellbeing. A selfisolated elderly who lost his social contacts had after been reconnected lamented, “had I knew this would be accessible, I would have called BSRC in April (1st lockdown)”. In addition, parents who had school-age children benefitted from digital devices to track their children’s educational progress.
Coronavirus pandemic and lockdowns have severely affected the overall wellbeing of many people in our local communities, including those who use BSRC services. Some people we work with had previous experience of mental health problems, and some have developed emotional distress as the result of the Covid-19 effects. The majority of our service users approach us seeking support with multiple problems they face, including housing-related problems, unemployment, debt, benefits issues and so on. These create a significant degree of anxieties, worries and low mood, which negatively impact their general wellbeing and quality of life.
Therefore, we (BSRC) provided 1 to 1 support over the telephone and face to face (where the person would benefit more on the f2f and it is safe to do so by strictly following covid-19 guidelines). We also provided group mental health awareness events via Zoom.
On the funding front, we thank all those who have supported us across the year, through funding and in-kind, including Bristol City Council, Quartet Community Foundation, BSWN, Lloyds Foundation and many more.
Samira Musse
Chair of Board of Trustees
## **Reserves policy and risk management**
The trustees are working towards building reserves which will ensure it has sufficient funds to cover salaries and running costs. At present the unrestricted reserves stand at £106,926.
The trustees have examined the major risks to which the charity is exposed and systems have been established to mitigate those risks. These procedures will be periodically reviewed to ensure that they still meet the needs of the charity.
**- 5 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2021**
## **Trustees’ responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
The trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity for that period. In preparing these 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 UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the Independent Examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare they have approved the trustees’ report (including directors’ report) above.
Approved by the trustees and signed on their behalf by:
……………………………………………. Date ………………………………………2021
Samira Musse
**- 6 -**
**BRISTOL SOMALI RESOURCE CENTRE**
## **INDEPENDENT EXAMINERS REPORT**
## **YEAR ENDED 31 MARCH 2021**
I report on the accounts of the charitable company for the year ended 31 March 2021 which are set out on pages 8 - 17.
## **Respective responsibilities of Trustees and Independent Examiner**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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
Joanne Trowbridge MAAT BCA, The Park, Daventry Road Knowle, Bristol, BS4 1DQ
……………………………………….
Date………………………….
**- 7 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)**
## **YEAR ENDED 31 MARCH 2021**
|**Note**
**Incoming and Endowments from:**
Donations and Legacies
**3**
Charitable Activities
**4**
Investments
**5**
**Total**
**Expenditure On:**
Charitable activities
**6**
Other
**7**
**Total**
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
**Total funds Carried Forward**
**17**|**Unrestricted**
**Funds**
**£**
55,458
-
205|**Restricted**
**Funds**
**£**
229,847
-
-|**Total Funds**
**2021**
**£**
285,305
-
205|**Total Funds**
**2020**
**£**
90,154
1,300
303|
|---|---|---|---|---|
||55,663|229,847|285,510|91,757|
||3,276
1,077|133,677
-|136,953
1,077|68,411
1,053|
||4,353|133,677|138,030|69,464|
||51,310
1,880
53,190
56,375|96,170
(1,880)
94,290
2,933|147,480
-
147,480
59,308|22,293
-
22,293
37,015|
||109,565|97,223|206,788|59,308|
All of the activities of the charity are classed as continuing
## **The notes on pages 10 to 17 form part of these financial statements**
As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
*Details of the allocation of 2020 total funds between unrestricted and restricted are shown in note 18
**- 8 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **BALANCE SHEET**
## **YEAR ENDED 31 MARCH 2021**
|**Note**
**Fixed assets**
Tangible fixed assets
**16**
**Current assets**
Debtors
**14**
Cash at bank and in hand
_Total current assets_
**Creditors : Amounts falling**
**due within one year**
**15**
_Net Current assets or liabilities_
**_Total net assets or liabilities_**
**The Funds of the Charity**
Restricted funds
**17**
Unrestricted funds
**17**
**_Total charity funds_**|267
208,893|**2021**
**£**
2,639
204,149|**2020**
**£**
-
-
63,660|
|---|---|---|---|
||209,160
(5,011)||63,660
(4,352)|
||97,223
109,565|||
||||59,308|
|||206,788|59,308|
||||2,933
56,375|
|||||
|||206,788|59,308|
The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in accordance with FRS102 SORP.
These financial statements were approved by the trustees on ………………. and are signed on their behalf by:
……………………………….
Samira Muse - Director
**The notes on pages 10 to 17 form part of these financial statements**
**- 9 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **1 Basis of Preparation**
- a) These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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),(effective 1 January 2019) - Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
- c) The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
- d) The charity meets the definition of a public benefit entity as defined by FRS 102.
## **2 Accounting Policies**
- a) Income from donations is included in income when these are receivable, except as follows:
i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.
ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.
- b) Expenditure is recognised in the period in which they are incurred. Expenditure includes attributable VAT which cannot be recovered.
- c) Most expenditure is directly attributable to specific activities, and have been included in those cost categories. Support cost have been allocated 100% towards the charitable activities of the charity.
- d) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
- e) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- f) Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
- Computer equipment - 33.3% straight line - not charged in year of purchase
- g) The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
- h) The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contribution payable by the charitable company during the year.
**- 10 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **Income and Endowments From:**
## **3 Donations and Legacies**
|Grants
Miscellaneous Income
_Donations and Legacies prior year_
_Grants_
_Miscellaneous Income_
**4**
**Charitable Activities**
Events
Room Hire|**Unrestricted**
**Funds**
**£**
54,243
1,215|**Restricted**
**Funds**
**£**
229,847
-|**Total Funds**
**2021**
**£**
284,090
1,215|**Total Funds**
**2020**
£
89,874
280|
|---|---|---|---|---|
||55,458|229,847|285,305|90,154|
||_Unrestricted_
_Funds_
_£_
_82,374_
_280_|_Restricted_
_Funds_
_£_
_7,500_
_-_|_Total Funds_
_2020_
_£_
_89,874_
_280_|**Total Funds**
**2020**
£
1,200
100|
||_82,654_|_7,500_|_90,154_||
||**Unrestricted**
**Funds**
**£**
-
-|**Restricted**
**Funds**
**£**
-
-|**Total Funds**
**2021**
**£**
-
-||
||-|-|-|1,300|
_Charitable Activities prior year - all unrestricted_
## **5 Investments**
|**Investments**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**|
||**Funds**|**Funds**|**2021**|**2020**|
||**£**|**£**|**£**|**£**|
|Investment Interest|205|-|205|303|
||205|-|205|303|
_Investments prior year - all unrestricted_
**- 11 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **Expenditure on:**
## **6 Charitable activities**
|Community Engagement
Staffing Costs
Volunteer Expenses
Elders
Consultancy
Postage & Stationery
Interpreting
Training & Publications
Rent & Room Hire
Travel
Website & Computer
Printing
Misc.
Telephone
Advertising and Marketing
Payroll Services
Bank Charges
Repairs & Maintenance
Refreshments
_Charitable activities prior year_
_Community Engagement_
_Staffing Costs_
_Elders_
_Postage & Stationery_
_Interpreting_
_Training & Publications_
_Rent & Room Hire_
_Travel_
_Website & Computer_
_Printing_
_Misc._
_Telephone_
_Payroll Services_
_Bank Charges_
_Repairs & Maintenance_
_Refreshments_|**Unrestricted**
**Funds**
**£**
-
450
1
-
1,200
2
600
160
731
28
-
-
97
-
-
-
-
7
-|**Restricted**
**Funds**
**£**
32,577
82,662
1,449
-
-
-
-
-
8,729
-
5,687
367
103
423
842
-
-
588
250|**Total Funds**
**2021**
**£**
32,577
83,112
1,450
-
1,200
2
600
160
9,460
28
5,687
367
200
423
842
-
-
595
250|**Total Funds**
**2020**
£
3,014
48,347
-
800
-
24
450
628
10,738
30
862
280
363
326
-
576
23
713
1,237|
|---|---|---|---|---|
||3,276|133,677|136,953|68,411|
||_Unrestricted_
_Funds_
_£_
_2,477_
_46,847_
_-_
_24_
_-_
_628_
_10,738_
_30_
_862_
_30_
_363_
_176_
_576_
_23_
_713_
_357_|_Restricted_
_Funds_
_£_
_537_
_1,500_
_800_
_-_
_450_
_-_
_-_
_-_
_-_
_250_
_-_
_150_
_-_
_-_
_-_
_880_|_Total Funds_
_2020_
_£_
_3,014_
_48,347_
_800_
_24_
_450_
_628_
_10,738_
_30_
_862_
_280_
_363_
_326_
_576_
_23_
_713_
_1,237_||
||_63,844_|_4,567_|_68,411_||
**- 12 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **7 Other**
|Independent Examiners Fee
Insurance|**Unrestricted**
**Funds**
**£**
707
370|**Restricted**
**Funds**
**£**
-
-|**Total Funds**
**Total Funds**
**2021**
**2020**
**£**
£
707
683
370
370
1,077
1,053|
|---|---|---|---|
||1,077|-||
_Other prior year - all unrestricted_
## **8 Net incoming resources for the year**
## **This is stated after charging:**
|**This is stated after charging:**|||||
|---|---|---|---|---|
||**2021**||**2020**||
||**£**||**£**||
|Independent examination fees||707||683|
## **9 Staff costs and numbers**
The aggregate payroll costs were:
|Wages and Salaries
Social Security Costs
Pension Costs|**2021**
**2020**
**£**
**£**
76,938
45,353
2,768
878
3,406
2,116
83,112
48,347|
|---|---|
No employee received emoluments of more than £60,000 (2020: £Nil)
The average monthly head count was 3 staff (2020: 2 staff)
## **10 Key personnel**
The key management personnel of the charity comprise the board of trustees & two staff members. The total employee benefits of key management personnel, during the year, total £51,683 (2020: £48,347).
**- 13 -**
**BRISTOL SOMALI RESOURCE CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **11 Trustee remuneration and expenses**
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).
## **12 Related party transactions**
There were no related party transactions in the year (2020: £nil)
## **13 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **14 Debtors**
|Prepayments and other debtors
**Creditors: amounts falling due within one year**
Trade Creditors
Pension Costs
HM Revenue & Customs
Accruals & Deferred Income:
Independent Examination|**2021**
**£**
267|**2020**
**£**
-|
|---|---|---|
||267|-|
||**2021**
**£**
1,200
639
2,465
707|**2020**
£
769
280
2,620
683|
||5,011|4,352|
## **15 Creditors: amounts falling due within one year**
**- 14 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
|**16**
**Tangible fixed assets**
**Cost**
Addition in year
As at year end
**Depreciation**
Charge for the year
As at year end
**Net book value**
As at year end
**17**
**Analysis of Charitable Funds**
**Restricted funds**
Oasis Talk
Quartet Community Foundation
Anti Tribalism Movement
Barton Hill Settlement
Black South West Network
Bristol City Council
Dolphin Society
Lloyds Bank
MIND
Nillari Agency
Race Equality Foundation
SOLON
Charity Aid Foundation
St Monica Trust
**Total Restricted Funds**
**Unrestricted funds**
General Funds
**Total Unrestricted Funds**
**Total funds**|**At**
**01-Apr**
**2020**
**£**
220
2,713
-
-
-
-
-
-
-
-
-
-
-
-|**Computer**
**Equipment**
**£**
2,639|**Outgoing**
**resources**
**£**
-
(7,966)
(13,538)
-
(39,953)
(11,000)
(6,192)
(18,476)
(13,386)
-
(9,566)
(2,000)
(3,500)
(8,100)|**Total**
**£**
2,639|**At**
**31-Mar**
**2021**
**£**
220
9,747
1,462
7,569
162
35,623
3,808
20,000
-
12,500
432
-
-
5,700|
|---|---|---|---|---|---|
|||2,639||2,639||
|||-||-||
|||-||-||
|||2,639||2,639||
|||**Incoming**
**resources**
**£**
-
15,000
15,000
7,569
41,995
46,623
10,000
38,476
13,386
12,500
9,998
2,000
3,500
13,800||**Transfers**
**£**
-
-
-
-
(1,880)
-
-
-
-
-
-
-
-
-||
||2,933|229,847|(133,677)|(1,880)|97,223|
||56,375|55,663|(4,353)|1,880|109,565|
||56,375|55,663|(4,353)|1,880|109,565|
|||||||
||59,308|285,510|(138,030)|-|206,788|
**- 15 -**
## **BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **Purpose of restricted funds**
Oasis Talk Quartet Community Foundation
Anti Tribalism Movement (ATM) Barton Hill Settlement Black South West Network
Bristol City Council
Dolphin Society Lloyds Bank
MIND Nillari Agency Race Equality Foundation
SOLON
Charity Aid Foundation St Monica Trust
## Community Elders activities
Money for Barton Hill Activities Club – a group of women who have no bank and asked us to hold money for them
Employ part time support worker to support families in affected by Covid-19 Staff cost for providing support to Boost Finance Project.
Providing support to people affected by covid-19. Providing advice, digital and food and financial support.
Supporting people affected by Covid-19 who are in crisis and people with mental health. Also promoting vaccination uptake
Supporting older people who are affected by Covid-19
Support activities and costs relating to charitable purposes and respond to the needs of the most vulnerable and marginalised people affected by Covid-19 Providing mental health support to people affected Covid-19
Mental health support for people recovering from Covid-19 Supporting older people with dementia or at risk of developing dementia and their families
Supporting people affected by Covid-19 Supporting people affected by Covid-19 Supporting Community elders and providing advice and support.
## **18 Analysis of charitable funds - previous year, as required by paragraph 4.2. of the SORP**
|**Incoming and Endowments from:**
Donations and Legacies
Charitable Activities
Investments
**Total**
**Expenditure On:**
Charitable Activities
Other
**Total**
**Net income/(expenditure)**
**Net movement in funds**
Total funds brought forward
**Total funds Carried Forward**|**Unrestricted**
**Funds**
**£**
82,654
1,300
303|**Restricted**
**Funds**
**£**
7,500
-|**Total Funds**
**2020**
**£**
90,154
1,300
303|
|---|---|---|---|
||84,257|7,500|91,757|
||63,844
1,053|4,567
-|68,411
1,053|
||64,897|4,567|69,464|
||19,360
19,360
37,015|2,933
2,933
-|22,293
22,293
37,015|
||56,375|2,933|59,308|
- 16 -
**BRISTOL SOMALI RESOURCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
## **19 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|Fixed assets
Cash at Bank and In Hand
Other Net Current Assets/(Liabilities)
**Total**|**General**
**Funds**
**£**
2,639
111,937
(5,011)|**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
2,639
97,223
209,160
-
(5,011)
97,223
206,788|
||109,565||
## **20 Company limited by guarantee**
The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.
**- 17 -**