HASVO Annual Report 2023-2024 t.51 fy Yni HASVOAnnurJl Report2023-2024
Table of contents
| Background Introduction | 3 |
|---|---|
| 1. Summary of services and activities during the year: | 4 |
| 2. The need for our work | 4 |
| 3. How we help | 6 |
| 4. Our track record | 8 |
| 5. Standard/Quality of services is provided: | 10 |
| Index of Financial Statement | 13 |
HASVO Annual Report 2023-2024
Background Introduction
Harrow Association of Somali Voluntary Organisations (HASVO) is a registered charity which supports Somali and Arabic speakers, refugees and disadvantaged migrants in Harrow. HASVO’s aims are to increase cohesion and volunteering, promote healthy living and prevent substance misuse, improve disadvantaged people’s quality of life through advocacy, advice, increase youth achievement, and support training and employment.
Although HASVO started as a BME –Somali Organisation in 2004, we nevertheless have become a multi-ethnic service provider in the Northwest Boroughs of London. The largest non -Somali beneficiaries remain the new migrants from the Mediterranean Region and those families arriving from mainland Europe. These groups account for more than 38% of the total beneficiaries.
This year we were able to support through our different activities a total of 5600 cases from 2897 beneficiaries.
Those people accessed our different and comprehensive activities i.e. drop-ins, outreach, warm hubs; school/youth activities support and information sessions.
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1. Summary of services and activities during the year:
HASVO's offices serve as a central hub for local individuals and groups addressing various issues. Over this reporting year, our services have benefited 2,897 people:
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More than 1,680 individuals had their issues in areas such as benefits, health, housing, education, and employment resolved through our advice and advocacy sessions.
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Over 167 isolated Somali and Arabic speakers experienced improved wellbeing and reduced isolation through our warm hubs and women-only groups, with an average of 54 females attending these weekly gatherings.
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More than 720 people achieved better physical and mental health after receiving support and information on topics such as IAPT, vision care, hearing loss, diabetes, chronic illnesses, fall prevention, substance misuse, and healthy eating. They also participated in our weekly walking sessions.
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280 young Somali and Arabic-speaking youth benefited from our one-on-one support, sports activities, and weekly evening meetings and sessions. Our ongoing weekly tuition support and homework club also provided valuable assistance.
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70 families benefited from our parenting programme in partnership with Whitmore High school; Ignite and Wish centre.
2. The need for our work
We support socially excluded Somali and Arabic refugees and immigrants from the London Borough of Harrow and Northwest London. Many of our clients are new arrivals who have come to the UK in the last five years. They face multiple challenges, including poverty due to unemployment or insecure labour, often stemming from a lack of English language skills, local knowledge, and relevant skills. Additionally, cultural norms restrict women's roles in wider society.
We adopt a holistic approach to support individuals through various interventions. Our services address a wide range of issues, including school, benefits, employment, and health, fostering a positive environment for community progress through our advice, advocacy, and outreach support. Community empowerment and development are achieved through our bi-weekly, weekly, monthly, and annual events, as well as our informal comprehensive assessments of individual and household needs during drop-in sessions.
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When comparing the poverty and living standards in our community to the average across all London Boroughs, some notable differences emerge for 2023/4.. The child poverty rate, after housing costs, stands at 31%, slightly below the London average of 32%. Income deprivation in our area is relatively lower, with a score of 0.82 compared to the London average of 1. Pay inequality is marginally higher, with an 80:20 earnings ratio of 2.51, just above the average of 2.48 across London. Additionally, the overall poverty rate in our community is 22%, which is significantly lower than the London average of 25.93%. These statistics highlight that, while our community faces significant challenges, it fares slightly better in certain areas compared to the broader London context.
Although Harrow is often seen as affluent, it has pockets of deprivation, particularly in the wards of South Harrow, Wealdstone, and Edgware, where most of our service users reside. Our organization has consistently fulfilled its role as a frontline voluntary entity in the Borough of Harrow and neighbouring boroughs, demonstrating year after year that our work benefits the community.
The trustees are pleased to report that project outcomes and organizational objectives have been successfully achieved, and that key financial and organizational policies have been diligently observed. Furthermore, there have been no major or minor incidents related to health and safety, nor any significant concerns or complaints recorded.
Among the 2,897 people we supported last year:
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68% were female
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84% were aged over 18 years old
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47% were unemployed
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53% were employed but in low-paid and low-skilled occupations, with an average income of £637 per month
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23% were registered disabled
Most of our clients live in poorer wards such as Stanmore Park, Roxbourne, Edgware, and Wealdstone. These areas suffer from poor-quality housing, crime, anti-social behavior, lower life expectancy, and other social issues.
At the forefront of addressing community challenges, our work is dedicated to improving lives and fostering integration into the wider community. We are a user-led organization with a board, staff team, and volunteers who originate from the very community we support. This unique perspective ensures that our efforts are grounded in real, lived experiences.
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We also host numerous consultation events and feedback sessions to ensure our services align with the needs of our beneficiaries, leading to positive, impactful changes in their lives. By prioritizing a community-driven approach, we are able to effectively address issues, build trust, and empower individuals to thrive within their local environment.
The individuals we support face numerous challenges, including poverty; in 2023/24, 47% of our clients were unemployed, and those who were employed had an average monthly income of £612. Overcrowded and poor-quality housing remains a significant issue, contributing to a high death rate during the COVID-19. The lack of adequate housing and tenancy security adversely affects the lives and development of children, impacting their school achievements. This year, Arabic speakers and mainland Europeans have accounted for 38% of our total beneficiaries, reflecting increased immigration and associated challenges.
Our projects have proven effective, saving both time and money while significantly contributing to the mental wellbeing of families and individuals. Without our services, many would face further difficulties and debt, underscoring the critical role we play in supporting our community.
Moreover, mental health is a significant concern in this community, partly due to traumatic historical experiences and the relative poverty and challenges faced here. We strive to foster positive thinking and alleviate pressing issues. Our activities are often praised for their soothing effect and stress relief in areas such as debt, schooling, housing, and benefits. Although our solutions are at a primary level, they offer distinct advantages over mainstream agencies by addressing the complexities of formalities, cultural and language barriers, and long waiting times that people typically encounter.
3. How we help
HASVO offers a broad spectrum of practical services aimed at supporting disadvantaged individuals. Our small staff team, alongside over 15 volunteers, delivers these services from our office located near social housing estates in Roxbourne. We also partner with several local charities including Harrow Mind, Community Connex, Harrow Law Centre, Citizen Advice Harrow, Harrow Voluntary Action Group, Harrow Carers, Ignite, Wish Centre, and local schools, as well as statutory bodies like Harrow Council and the CCG.
Our services are available face-to-face during drop-in sessions from Monday to Thursday, with additional appointments and support organized on Fridays, Saturdays, and Sundays in response to the increased demand brought on by the cost of living crisis. We also extend our support through outreach services, telephone consultations, and via Zoom or WhatsApp groups.
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The nature and demand of issues faced by the BME community have evolved over time and with social mobility. Currently, the primary concerns include debt, employment, income, poverty, health issues, and preventive medicine. Arabic-speaking service users, particularly women, encounter additional challenges in integrating and adapting to changes.
The growing reliance on online services has introduced new difficulties for our new communities, who often lack literacy skills and struggle with using phones or remembering passwords. This has led to an increase in both the frequency and duration of contact per service user, with some seeking help for even minor enquiries.
Our activities include:
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Employability sessions. We offer training and job search sessions as we firmly believe that this is the best way to deal with poverty, and also because clients want it. This programme includes ICT training, online job search, access to volunteering, explaining the UK jobs market, linking with employment agencies, writing CVs, interview practice, and providing references. We have had a lot of success in helping clients enter the care sector as a first position, and then offer ongoing support to help them build their skills or set up their own businesses after gaining experience. 108 people benefitted from these sessions in the last year.
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Drop-in sessions; We offer free advice over benefits and access to rights, sign-posting to other service providers, support on completing forms and translation, help with negotiating debts, assisting people to access housing, and enabling people with disabilities or poor mental health to access medical services. The whole programme supported 1439 people five days a week last year, and has been vastly oversubscribed as a result of and cost of living rises.
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Information sessions; We run a wide variety of one-off half-day information sessions on health issues such as diabetes or the need to get the Covid-19 jab, substance misuse, healthy living and eating healthily, access to housing, parenting, home care and support of the elderly & Mental health. These sessions help clients to improve their health, inform them of where they can get support, enhance their parenting skills and empower them to make appropriate decisions about life and healthy living. 520 people were supported by these sessions in this reporting year. Lifestyle factors are a major issue, with limited focus on identifying ‘at-risk’ populations. The prevalence of diabetes, cardiovascular disease and associated deaths can be significantly reduced through physical activity. It is estimated that around 14.2% of the new diabetes cases in Harrow could be prevented if adults are 100% active, and 5.6%prevented if adults are 50% active. Only 76.9% of people do any walking at least once a week which is below the England average of 80.6%, Harrow is 2nd lowest in
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London. Another contributing factor to poor diet, exercise and general health is the high level of deprivation in parts of the borough (the most deprived in the UK are 2.5x more likely to have diabetes). People living in the 20% most deprived neighbourhoods in England are 56% more likely to have diabetes than those living in the least deprived areas [JSNA refresh].There is limited patient education and poor uptake of relevant services.There is low awareness and uptake of relevant local services providing behaviour changes or preventative services such as physical activity and healthy eating, as well as services including diabetic eye screening, structured education programmes and psychological support. A fundamental work of the NHS HASVO partnership Project is to help this community to benefit and access the same level of health care with the rest of the population and thus bridging the health indicator and healthy living gaps of the communities living in the same Borough. Changing attitudes and behaviour practices take a bit longer than project cycles, but we are grateful for the approaches and resources invested in this direction by the team in partnership with the public health Harrow and NWL NHS.
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Education services for young people; We provide a term-time weekly supplementary education school which focuses on Maths tuition and has the NRCSE Quality Mark. We have a weekly youth group that raises awareness against extremism, gangs and tackling youth hopelessness. During the holidays we offer sports, crafts and trips for young people and their families. We are working in two schools to empower parents to support their children and work positively with the schools for a successful educational outcome for their children. We are currently running a project in partnership with Whitmore high school; Ignite and Wish Centre to ensure better outcomes for the BME children and enable parents to work better with schools and get involved in their children's education.
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Reduction of isolation and improving social networks; We help older people each year through outreach support, arts and crafts groups, luncheon club, and advice and advocacy. Since the post Covid-19 , we run three different warm hub and social gathering groups during Fridays; Saturdays and Sundays .This service supports over 54 individuals weekly and over 74 people each year. As part of the local warm hubs in the Borough participants also benefit from public Health winter information; Health check ups and food basket supplies.
4. Our track record
HASVO has been serving the community for nearly 20 years, gaining extensive experience in assisting local residents. We hold several quality marks, including the Matrix Standard for our advice work and the NRCSE Quality Mark for our supplementary school. Our staff and trustees are members of the community we serve, allowing us to
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communicate in their home languages, understand their needs and cultural norms, and gain their trust.
HASVO is unique in Harrow for our dedicated service to the Somali and Arabic communities. We are the only organization with the necessary language skills, lived experience, reach, and cultural sensitivity to support these communities effectively. We operate a well-regarded warm hub, with staff now available on weekends to address issues related to the cost of living and provide health winter messages from the NWL NHS.
We collaborate closely with local organizations such as Harrow Citizens Advice Bureau, facilitating client referrals. At a strategic level, we are active members of Harrow Community Health Touchpoint, a weekly meeting group that includes the local council, CCG, and various VCS groups, including HASVO. These meetings enable us to respond swiftly to community issues. Additionally, we are part of the Harrow Advice Network, chaired by the Harrow Law Centre.
Harrow has wards such as Roxbourne which are in the top 20% deprived in the country. They have large numbers of social housing, and residents who are working in low paid insecure occupations or who are unemployed. As such they are vulnerable and are highly vulnerable to the current cost of living price rises, and we know from the growth in the number of people we are seeing, and the increasing complexity of their needs, that they are being severely impacted. HASVO is in a good place to help them as we are located close to these wards, and have a Matrix accredited trained advice team in place. We serve over 2000 people each year, so we are well known, and many clients refer others to us for help. These connections into deprived communities and the fact that we are trusted by clients, mean that many agencies such as Harrow Integrated Care Partnership and Harrow Council see us as key in helping them to access isolated local residents. The gap we therefore particularly meet is that we help disadvantaged people who are particularly hard to reach. The cost of living crisis has further exacerbated the situation like the rest of the UK with more people telling us that they are finding it hard to pay the bills, and they need help with crisis support, accessing complex welfare benefits, or help with debt particularly with utilities. We have shown resilience and the capacity to adjust to the effects of the economic down turns that shook the nation which is impacting on our clients.
HASVO is well-positioned to assist, given our proximity to these wards and our Matrixaccredited advice team. Each year, we serve nearly 3000 people, making us well-known and trusted within the community. Many clients refer others to us for support. These strong connections with deprived communities and the trust we have earned mean that agencies like Harrow Integrated Care Partnership and Harrow Council view us as essential in reaching isolated local residents. We specialize in supporting disadvantaged individuals who are particularly hard to reach.
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The cost of living crisis has further exacerbated the situation, with more people struggling to pay their bills and seeking assistance for crisis support, complex welfare benefits, or debt management, particularly regarding utility bills.
During this reporting period, we received funding from the NHS Northwest London CCG, Trust for London, The Henry Smith Foundation, Tudor Trust, Harrow Council, Lottery Community Grant, and Young Harrow Foundation. Migrant Justice, John Lyon, The Lloyds Bank Foundation as well as small funds through the Harrow Voluntary sector.
These resources enabled HASVO to continue offering comprehensive services to new and existing refugees and migrants in Harrow and neighbouring boroughs in west London. Building strong communities requires resources, especially a dedicated focus on establishing teams whose primary role is fostering integration. Designated funding from councils and major charitable organizations can bridge the gap between areas with strong social capital and those without. This investment is likely to yield broader benefits as community members become more resilient, trusting, optimistic, and open.
Small and medium organizations such as HASVO play a crucial role in reaching areas that larger entities cannot. The coronavirus pandemic has amplified and accelerated the challenges related to public trust. As the economic impact continues to unfold, feelings of detachment within communities are likely to intensify. To address and rebuild this trust, it is imperative to give communities a voice through approaches that foster community engagement, empowerment, and ownership.
5. Standard/Quality of services is provided:
During this reporting year, we successfully renewed our Matrix Quality Mark and enhanced the training and skills of our staff and volunteers to address the evolving needs of our clients and meet service level agreement standards and policies.
Our staff completed courses in Universal Credit Managed Migration, Personal Independent Payment, Universal Credit Calculations, Level 5 Diploma in Leadership and Management for Adult Care, Preparing for an Appeal Tribunal, Housing Law and Advice, Homelessness and Allocation Law, and Housing and Mental Health.
We remain an active partner in local affairs, collaborating with the police, Council, and Voluntary sector, and attending all sessions of the community leaders meetings organized by the council to discuss issues of community cohesion and crime prevention.
All current trustees receive regular annual in-house and external training on safeguarding and charity management roles. Safeguarding courses are provided by the local Voluntary Action Harrow Group, of which we are a member. Our staff and volunteers attend
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safeguarding courses organized and run by the Voluntary Action Harrow Group. They are all DBS checked and receive in-house performance assessments and guidance on health, safety, and other safeguarding policies.
All our charitable activities are described in our objectives and focus on implementing supportive and enabling activities that help harrow communities to enjoy life in full and to reduce /bridge the gaps that are inherent in our societies as well as those originating from skills and knowledge gap between groups and communities.
The Harrow central Mosque has provided a space for thirty women for four hours every Saturday and two small groups use the HASVO centre for Sunday and Fridays.
We believe these interactions are a positive contribution for peer learning and prevents isolation thus improving mental wellbeing. During this year the number of Arabic speakers and mainland Europeans have reached 38% of the total beneficiaries. As a result of the increased issues of immigration brought on by this new influx.
Our projects have saved both money and time and contributed to the mental wellbeing of families and individuals who without this level of service are in further difficulties and debt.
6. Involving the local community
HASVO is very much a user led organisation and involve clients in a number of ways:
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There are user representatives on the Board of Trustees, who have a say in the development of Services.
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Members of our staff share the same language and cultural backgrounds of our users, thus can relate to them effectively.
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We recruit Volunteers from our community each year to support the project. They are all fully trained and supervised.
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We have off-site and online consultations to gain their opinions on activities and feedback on our work.
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Individual users are fully consulted regarding the tailored support each receives. they sign off all action plans.
Monitoring feedback results shows that 98% of clients attending our advice sessions were satisfied with the outcome, 89% of people attending our employment sessions considered they were better placed for employment, and 94% of attendees at our information sessions reported that the support and information provided enable them to "make a more informed decision".
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HASVOAnnurJl Report2023-2024 12
HARROW ASSOCIATION OF SOMALI VOLUNTRY ORGANISATIONS
LIMITED.
FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
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Financial Statements for the Year Ended 31 March 2024
Index of Financial Statement
| Statement | Page |
|---|---|
| Index… | 1 |
| Charity Information… | 2 |
| Statement of Responsibilities | 3 |
| Independent Examiner’s Report… | 4 |
| Statement of Financial Activities… | 5 |
| Balance Sheet | 6 |
| Audit Exemption… | 7 |
| Notes to the Accounts… | 8−12 |
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CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024
Status: The organisation is charitable company limited by guarantee incorporated on 26 April 2005.
Governing Documents: The Company was established under a Memorandum of Association which established under the objects and powers of the charitable company and is governed under its Articles of Association. Under this article, the members of the board are elected at the AGM to serve of the period of two years. Charity
Number: 1129442
Company Number 5435204
Registered Office Operational Office 66 Lower Road Harrow Middlesex HA2 0HD
Operational Office 66 Lower Road Harrow Middlesex HA2 0HD
Banker Lloyds Bank Wembley Branch Middlesex
Banker Bank of Ireland 7 St Johns Road Harrow Middlesex
Independent Examiner MAAT Abdirahman Amin 83 High Street Harlesden NW10 4NT
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STATEMENT OF TRUSTEES RESPONSIPLITIES FOR THE YEAR ENDED 31 MARCH 2024
At the time of approving the financial statements, trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements .
The trustees of Harrow Association of Somali Voluntary Organisations Limited are
responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law. Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity and the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently.
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Make judgement and estimates that are reasonable and prudent.
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Prepare the financial statements on going concern bases unless it’s inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with 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.
This report has been prepared in accordance with the small companies’ regime in Part 15 of the Companies Act 2006, and in accordance with the governing document and the 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 2015) − (Charities SORP FRS 102) and the Companies Act 2006.
Financial Review
For the year ended 31 March 2024, HASVO LIMITED received total sum of £281,684 of which £210,725 was restricted funds and £71,409 unrestricted funds. Total expenditure for the year ended 31 March 2024 was £231,833 (£176,004 restricted funds and £55,829 was unrestricted funds).
Financial Review
For the year ended 31 March 2024, HASVO LIMITED received total sum of £281,684 of which £210,725 was restricted funds and £71,409 unrestricted funds. Total expenditure for the year ended 31 March 2024 was £231,833 (£176,004 restricted funds and £55,829 was
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unrestricted funds).
Trustees Director: Cabdulqaadir A M ohamed ……… Trustee: Ahmed Yusuf…… …………………………… …………… Date 10/12/2024 a ed…… ……
Independent Examiners Appointed
MAAT. Abdirahman Amin was appointed as the charity independent examiner during the year and has expressed his willingness to continue in that capacity.
Approved by the trustees on 10 December 2024
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HARROW ASSOCIATION OF SOMALI VOLUNTRY ORGANISATION LTD FOR YEAR ENDED
31 MARCH 2024
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
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
Since the Company's gross income exceeded £250,000, the independent 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 Association of Accounting Technicians (AAT). 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 31 March2024.
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Abdirahman Amin……………………………. 16/12/2024 Licensed Association of Accounting Technician BA (Hons) Accounting and Finance
83 High Street, Harlesden NW10 4SJ
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Statement of Financial Activities for the Year Ended 31 March 2024.
| Description Notes Grant and Donations 2 Other Incoming Recourses 3 Total Incoming Recourses |
General Funds |
Restricted Funds |
2024/23 Total |
2023/22 Total £ 175,354 − |
|||||
|---|---|---|---|---|---|---|---|---|---|
| £ 71,409 − 71,409 |
£ 210,275 − 210,275 |
£ 281,684 − 281,684 |
|||||||
| 175,354 |
Recourses Expended
| 2,920.00 29,378 |
40,070 | |||||||
|---|---|---|---|---|---|---|---|---|
| 13,608 13,608 |
12,476 | |||||||
| 159,476 185,601 |
116,970 | |||||||
| − 3,246 |
1176 | |||||||
| (176,004) (231,833) |
(170,692) | |||||||
| Office Administration and equipment | 4 | 26,458 | ||||||
| Estates facilities Cost | 5 | |||||||
| − | ||||||||
| Charitable Expenditure | 6 | 26,125.00 | ||||||
| Accountants and Governance | 8 | 3,246 | ||||||
| Total Resources Expended | (55,829) | |||||||
| 15,580 34,271 |
49,851 | 4,662 | ||||||
| 21,227 85,993 |
107,220 | 102,558 | ||||||
| Incoming Outgoing Recourses | Before Transfer | |||||||
| Funds Brought Forward on | 31 | March | ||||||
| 2023 | ||||||||
| Total Funds C/F on 31 March | 2024 | 36,807 | 120,264 | 157,071 | 107,220 |
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Statement of Balance Sheet for the Year Ended 31 March 2024.
| Description Notes Fixed Assets Equipment 13 Other Fixed Assets Total Fixed Assets Current Assets Debtors 9 Cash at bank and in hand 10 Total Current Assets Creditors Amounts falling due within one year 11 Net Current Assets (Liability) Total Assets less (Current Liability) Creditors Amounts falling due after one year 12 Net Assets |
General Funds |
Restricted Funds |
Total Funds |
Total Funds |
2024/23 Total |
2023/22 Total |
||
|---|---|---|---|---|---|---|---|---|
| £ 4181 0 4181 − 18,537 18,537 (4,326) 14,211 18,392 (5,873) 12,519 |
£ 0 0 0 − 140,500 140,500 140,500 _ 140,500 |
− 159,037 159,037 (4,326) |
£ 4,181 0 4,181 154,711 158,892 (5,873) 153,019 |
£ − 109,186 109,186 (4,320) |
£ 6,147 0 6,147 104,866 111,013 (3,793) |
|||
| 107,220 |
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AUDIT EXCEMPTTION STATEMENT
For the year ending 31 March 2024, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit for its accounts in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of records.
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a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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b) preparing financial statements which give a true and fair view of the of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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c) These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Trustees.
20/08/2024
Trustees
Director: Cabdulqaadir A Mohamed…………………… Trustee: Ahmed Yusuf………………………………… Date 10/12/2024
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Notes to the financial statements for the year ended 31 March 2024
1. Accounting policies
1.1 Statement of compliance
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)) (issued in October 2019)− (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
1.2 Incoming resources Donations, legacies and other forms of voluntary income are
recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income: Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or certain conditions have not been fulfilled, then the income is deferred. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. 1.3 Resources expended
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the Independent Examiner's fee and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource.
1.4 Grants
1.4.1.
Grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable unless it is specified that they are for a future accounting period, in which case they are included on the balance sheet as deferred income to be recognised in those future accounting periods. 1.4.2
Unrestricted funds are the funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for areas of the charity’s work or for specific projects being undertaken by the charity.
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1.5 Tangible Fixed Assets and Depreciation, Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less the estimated residual value of each asset over their expected useful life, as follows: Fixtures fittings and equipment: 20% Straight Line Basis
1.6 Financial review: Reserves Policy
Harrow Association of Somali Voluntary Organisations Limited holds funds from its reserves. The current financial risk is low however the trust has a policy to hold a reserve of £30,000 to cover six month’s operating cost
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2 HARROW ASSOCIATION OF SOMALI VOLUNTRY ORGANISATION Grant and donations received
| Harrow Council CCG−NHS Henry Smith Trust For London Tudor Trust Refugee Action Lloyds Bank Harrow Giving Leather Sellers John Lyon Grants and Donations |
£ 5,825.00 17,250.00 27,100.00 12,750.00 35,000.00 38,299.00 50,000.00 12,960.00 5,000.00 77,500.00 281,684.00 |
|---|---|
3
| Other Income 4 Support Cost Bank Service Charge Insurance IT Equipment Volunteer Expenses Publicity Administration Cost Depreciation Charge Fund Raising Workshop and Training |
0 | |
|---|---|---|
| 0 | ||
| 2,980.00 960.00 996.00 6,560.00 4,365.00 6,740.00 1,966.00 3,693.00 1,118.00 29,378.00 |
||
HASVO Annual Report 2023-2024
25
| 5 Estates facilities cost Rent Expenses Council Tax (Harrow Council) Office Cleaning Telephone Bill Service Charge −utilities 6 Charitable Services Cost Charity Workers Expenditure Sessional Charity Workers Expenditure Other Charitable Expenditure |
8,685.00 1,554.00 1,344.00 375.00 1,650.00 13,608.00 106,949.00 32,527.00 46,125.00 185,601.00 |
|---|---|
| 7 Accountancy and Governance Annual Account Preparation Governance Payroll Preparation 8 Debtors 9 Cash Opening Balance Incoming Cash Cash Expended Closing Balance 10 Creditors Amounts Falling due within one year 11 Creditors Amounts falling Due after one year |
1,470.00 345.00 1,431.00 |
|
|---|---|---|
| 3,246.00 0 |
||
| 0 | ||
| 107,220.00 282,104.00 389,324.00 232,253.00 |
||
| 157,071.00 | ||
| 4,326.00 | ||
| 4,326.00 | ||
| 5,873.00 | ||
| 5,873.00 |
HASVO Annual Report 2023-2024
26
12
| Tangible Fixed Assets Cost Cost on 1 April 2023 Additions Revaluation Cost on 31 March 2023 Depreciation Depreciation on 31 March 2023 Charges for the period On Disposal Total depreciation on 31 March 2024 Net Book Value on 31 March 2024 Net Book Value on 31 March 2023 |
£ 9,828 0 - |
|---|---|
| 9,828 | |
| 3,681 1,966 0 |
|
| 5,647 | |
| 4,181 | |
| 6,147 |
HASVO Annual Report 2023-2024
27