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 members have not required the company to obtain an audit of its accounts for the year in question in accordanc - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accountin - records and the preparation of accounts. These accounts have been prepared in accordance with the provision applicable to companies subject to the small companies’ regime. 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