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← Somali Relief And Islamic Cultural Centre

2024-06-30-accounts

Charity number: 1133144

(England and Wales)

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 June 2024

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Contents Page For the year ended 30 June 2024

Report of the Trustees 1
Independent Examiner's Report to the Trustees 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 9
Detailed Statement of Financial Activities 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Report of the Trustees For the year ended 30 June 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and th financial statements for the charitable company for the year ended 30 June 2024. The Trustees have adopted the provision of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102 (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefi running a charity (PB2)'.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE
Charity registration number 1133144
Principal address UNIT 1
82-96 OLD KENT ROAD
LONDON
SE1 4NX

Trustees

The trustees and officers serving during the year and since the year end were as follows:

ABDI AHMED ABDI
ABDULLAHI MOHAMED IGAL
AHMED ABDULLAHI MOHAMED
HUSEIN ABDI NASIR
ALI MOHAMED ABDULLAHI
Independent examiners CITYGATE ACCOUNTANTS
EAST LONDON BUSINESS
CENTRE
93 -101 GREENFIELD ROAD
LONDON
Bankers E1 1EJ
AL RAYAN BANK
Approved by the Board of Trustees and signed on its behalf by
.............................................................................
13 March 2025
ALI MOHAMED ABDULLAHI

1 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Independent Examiners Report to the Trustees

For the year ended 30 June 2024

I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of th 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 an are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out unde section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given b the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

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 that in any material respect:

  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 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.

Md Rashed Ahmed

BSc(Hons), FMAAT, FCPA CITYGATE ACCOUNTANTS EAST LONDON BUSINESS CENTRE 93-101 GREENFIELD ROAD LONDON E1 1EJ

2 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 June 2024

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
4
Total
Expenditure on:
Raising funds
5
Charitable activities
6/7
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
26,949
128,080
90
155,119
(53,399)
(53,259)
(106,658)
48,461
79,654
128,115		 202
22,105
98,380
120,485
(59,336
(23,532
(82,868
37,617
42,037
79,654

3 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Statement of Financial Position

As at 30 June 2024

Notes
Fixed assets
Tangible assets
12
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
14
Net assets
The funds of the charity
Unrestricted income funds
Fair value reserve
Total funds		 £
2024
310,470
310,470
105,012
105,012
-
105,012
415,482
(272,198)
143,284
128,115
15,169
143,284		 202
313,030
313,030
73,770
73,770
(24,340
49,430
362,460
(267,637
94,823
79,654
15,169
94,823

For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Ac 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

ABDI AHMED ABDI Trustee

13 March 2025

4 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Notes to the Financial Statements

For the year ended 30 June 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. Income from donations and legacies

Unrestricted funds
Donations received
Legacies received
Grants received
ncome from charitable activities
Unrestricted funds
Activity 1
Income from charitable
activities
nvestment income
Unrestricted funds
Bank interest receivable		 2024
£
14,265
6,414
6,270
26,949
2024
£
128,080
2024
£
90
90		 202
12,363
7,742
2,000
22,105
202
98,380
202

3. Income from charitable activities

4. Investment income

5 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Notes to the Financial Statements Continued For the year ended 30 June 2024

5. Expenditure on generating donations and legacies

Unrestricted funds
Donations
Legacies
Support costs
osts of charitable activities by fund type
Unrestricted funds
Support costs
osts of charitable activities by activity type
Support costs
Activity 1
Activity 2
Activity 3
Activity 4
Activity 7		 2024
£
48,244
-
5,155
53,399
2024
£
53,259
2024
£
12,396
13,581
-
26,492
790
53,259		 202
46,122
3,146
3,860
53,128
202
23,532
202
12,595
852
9,214
871
23,532

6. Costs of charitable activities by fund type

7. Costs of charitable activities by activity type

8. Analysis of support costs

Management
Support cost 5
Support cost 6
Governance costs		 Activity 2
Activity 1
Raising
funds
£
£
£
-
12,396
13,509
3,216
-
-
-
-
-
1,939
-
72
5,155
12,396
13,581		 Activity 4
£
26,492
-
-
-
26,492		 Activity 7
790
790

6 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Notes to the Financial Statements Continued

For the year ended 30 June 2024

8. Analysis of support costs

Management
Support cost 5
Support cost 6
Governance costs
et income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Accountancy fees
Staff costs and emoluments
Total staff costs for the year ended 30 June 2024 were:
Salaries and wages
Average Employee		 2024
£
53,187
3,216
-
2,011
58,414
2024
£
2,840
735
2024
£
45,404
45,404
2024
0
0		 2023
23,532
3,111
6,957
33,600
202
3,143
6,868
202
46,125
46,125
202

9. Net income/(expenditure) for the year

10. Staff costs and emoluments

11. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

7 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE

Notes to the Financial Statements Continued

For the year ended 30 June 2024

12. Tangible fixed assets

Owned or Plant and Motor Furniture and
Cost or valuation freehold Machinery Vehicles fittings Tota
assets
£ £ £ £
At 01 July 2023 265,000 4,000 - 55,000 324,000
Additions - - 280 - 280
At 30 June 2024 265,000 4,000 280 55,000 324,280
Depreciation
At 01 July 2023 - 1,808 - 9,162 10,970
Charge for year - 548 - 2,292 2,840
At 30 June 2024 - 2,356 - 11,454 13,810
Net book values
At 30 June 2024 265,000 1,644 280 43,546 310,470
At 30 June 2023 265,000 2,192 - 45,838 313,030

13. Creditors: amounts falling due within one year

Trade creditors 2024
£
-
-		 202
24,340
24,340

14. Creditors: amounts falling due after more than one year

2024
£
Loans and overdrafts
272,198
272,198
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:
Bank loans and overdrafts
272,198
272,198		 202
267,637
267,637
249,137
249,137

8 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Notes to the Financial Statements Continued

For the year ended 30 June 2024

15. Movement in funds

Purpose of unrestricted Funds

Unrestricted Funds

These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Purpose of restricted funds

Restricted Funds

These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

16. Analysis of net assets between funds

Unrestricted funds
General
Unrestricted Funds
Previous year
Unrestricted funds
General
Unrestricted Funds		 Tangible
fixed assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Asset
£
£
£
310,470
105,012
(272,198)
143,284
310,470
105,012
(272,198)
143,284
Tangible
fixed assets
Net current
assets /
(liabilities)
Creditors >
one year
Net Asset
£
£
£
313,030
49,430
(267,637)
94,823
313,030
49,430
(267,637)
94,823

9 of 10

SOMALI RELIEF AND ISLAMIC CULTURAL CENTRE Detailed Statement of Financial Activities For the year ended 30 June 2024

INCOME AND ENDOWMENT
Donations and legacies
Donations
Legacies
Grants receivable
Charitable activities
Income from charitable activities (Activity 1)
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Raising donations and legacies
Donations
Legacies
SUPPORT COSTS
Management
Management (Activity 1)
Management (Activity 2)
Management (Activity 3)
Management (Activity 4)
Management (Activity 7)
Support cost 5
Support cost 5
Support cost 6
Support cost 6
Governance costs
Governance costs
Governance costs
Governance costs (Activity 2)
Total resources expended
Net Income		 £
2024
14,265
6,414
6,270
26,949
128,080
128,080
90
90
155,119
(48,244)
-
(48,244)
(12,396)
(13,509)
-
(26,492)
(790)
(53,187)
(3,216)
(3,216)
-
-
(1,939)
-
(72)
(2,011)
(106,658)
48,461		 £
2023
12,363
7,742
2,000
22,105
98,380
98,380
-
-
120,485
(46,122)
(3,146)
(49,268)
(12,595)
-
(852)
(9,214)
(871)
(23,532)
-
-
(3,111)
(3,111)
(749)
(6,208)
-
(6,957)
(82,868)
37,617

10 of 10

This page does not form part of the statutory financial statements