REGISTERED COMPANY NUMBER: 06495712 (Engl8nd and Wales) REGISTERED CHARITY NUMBER: 1136720 ort of the Truslees and Unaudited Financial S¢atemenls for Ihe ear ended 31SI March 2024 for ton Somali Communit Islin
Islin ton Somali Communit Conlents ofthe Financial Statements ror the ear ended 31" March 2024 Page Report of the Trustees I to3 Independent Examiner's Report Statemenl of Financial Activities Balanee Sheet Notes to the Financial Statements 7 to 9
Islin ton Somali Communi ort of the Trustees ear ended 31" March 2024 for the The trustees who ar¢ also directors of the Charity for the purposcs of the Companies Act 2006. pr¢scni their r¢port with the financial slaternents of the charity for the year eTtded 31° March 2024. The trnslees have adopted the provisions of Aeeouiiting and R¢porting by Chariiics.. Siaiement of Ro¢oinrnend¢d Pra¢ii¢c applicablc to chariiies preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in Ilie UK and Republic of Ireland (FRS 102) (effective l January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Rcgistcred Company number 06495712(EnglAnd And Wales) Regi%tered Charity number 1136720 Trustoes Mr. Essa Hussein AIT Mi.. Ahmed Ibrahim Tani Mi.. Ismail Egal Mi.. Bashir Noor Mts. Fadhiya Elmi Ms. Muii(i Mohuined Mr. Guled Ahmed Mr. Musiafa Aideed Chaimian Treasurer Secreiary Cotnpany Seere¢ary Mr. Yussuf Ahmed Prlnclpal Offlce address 225-229 Seven Sisters Road Finsbury Park Londoii N4 2DA Reglstered office 225.22)( Seven Sisters Road Finsbuiy Park London N4 2DA Independent Examiner EFREM KIDANE FCCA EKB Accountancy S¢rviccs Ltd Chartcred Ccrtificd Accountants and registercd Auditors 39-41 North Road London, N7 9DP -Page l-
Islin on Somali Communi Re ort of the Trustees for the ear ended 31°, March 2024 STRUCTURE, GOVERNANCE AND IMANAGEMENT Governing document The charity is controlled by its governing document. a deed of tSt, and ¢onsiiwtes a limited Company, limited by guarantee, as dered by the Companies Act 2(K)6. MANAGEMENT AND GOVERNANCE ARRANGEMENTS Trustees are generally idenlified and proposcd by exiting Trust¢¢S' their appointment being ralified by the Truslues 41 a management committee meeting. The Chairnian is responsible for the induction of the new Truslees. Trustees Meet bimoiithly and all major financial and policy matter5 are discussed. The Trustees have assessed the major risks to which the charity is exposed and are satisficd ihat ihe systems are in place lo mitigate those at risk. The day lo day administration and management of the charity are delegated to Mr. YussulAhmed. RISK TrIANAGENMENT The trustees have a duly lo identify and review ihe risks lo which the charity is exposed and to ensure appropriate ¢onlrols are in place lo provide reasonable assurance against fTaud and eOr. OBJECTIVES AND ACTIVITIES ACHIEVEMENT AID PERFORMANCE Thc TrustCLS continn that tli have diie regard to the li¢d with the r¢quircmcnts of Scction 4 of ihc Lliai'iliLS Act 20 I I to primary objcctivc of Is ance p.ublished by the Charity Commission forEngland and Wales.The ingion Somali Community (ISC) Is to cnhancc lh¢ wcllbcin of SoTnali rcsidcnts and workLrs In the London Borough of Islington. Over the and mlgi'ants, focusing on areas such as welfare benefi ast 30 years. ISC has proviaed viial sup orl to relugees ousing. education. employment. heairh. and other csscntial services tailored to the evolving nccds of the commumty. havc coni Kcy activitics and achievcments over the ycat include: Advice and .8upport ServiLes ISC liandlcd ovcr 3,000 individual LasL5. with tlie majority involving wclforc rights such as Universal Crcdit, followed by housinb, debi, and emplo}'ment concerns. Provided r¢feal5 to spccialisi ag¢ncies, including Islingion Pcople's Rights and IBAA. ensuring clients rcccivcd largclcd support. Health and Wellbeing Initiatives Conducted 22 workshops covering health including. Covid-19 awareness. flu and va¢¢inaiion, diabetes, and cancer awareness. These sessions reached thousands of residents. improving health literacy and access to prevenlaliN'e care. Promoted liealihier lifestyles through healthy eating and exercise programs. Support lor Older People {ISC Connect) Assisied over 300 isolated older individuals Ihrough pension support, weekly social sessions. and referral8 to mainstream services. 4. Youth Engagement and Education (ISC Llnks) Supported over 350 children And youThg p¢opl¢. many of whom were not in education, employment. or training (NEET), through outreach on housing estates. educatio sports, and a Job Club. Organised 18 workshops on educaiion. employment, and healih iopics to equip young people with skills and oppominities. Cost of Llving and Economlc Rcsilicnce Delivered nine cost-of-lii'ing ivorkshop$ addressing debt prei'ention, energy bills. and eviction risks, budgeting courses helping clients navigate linancial challenges exacerbated by rising prices. Partnered with organizalions such as15linoll Council'5 Re5ideDt Support Scheme and local food banks to provide timely assistance. 6. Community Integration and Social Cohesion Run projects addre55ing dofflestic vffiolence. mental health, and intergenerational engagement. Provided meaningful activities for families, part113r1Y during school holidays, fostering stronger eommunity lies. Collaborative PartDcrships Collaborated w ith 5takeholdeTS such as Islington Council. Ciiy Bridge Trust. Cloudesley. Healihwatch Isliiigton, and the LorLdon Mayor's officc to delii'er impaciful piojecis. ISC'S projects continuc to support vulncrablc groups-older adults, women. childreffj and young people-tl]rough emotionul and practical assistance, ensurtng Ihey are empowered to integrate into th¢ wider Community and thrive. -Pagc 2-
Islin ton Somali Communi ort of the Trustees continue for the 'ear ended 31" March 2024 FINANCIAL REVIEW The Gross incoming resources of the charity for the year ended 3 1st March 2024 amounted to £141,689, (2023 - £125,480). The total resources expended during the year was £120,004, (2023- £105,867). The Surplus during the year was £21,685, (2023- £19.613). RESERVE POLICY It is th¢ policy of the trust¢¢s that th¢ reserves of the charity should be held as current ass¢ts in order to meet the future requirements of its projects. The management committee has undertaken a review of the need for th¢ level of reserves lo be held by the charity. They consider that reserves are needed to provide for the Charity's working capital requirements and to meet any increases in operating costs. It is the management committee's policy to work towards holding minimum unrestricted reserves to meet operating costs of three months. Steps will be taken to build the general reserve nd if it falls below the level. Where the fund is above the level required by the policy, then the excess will be deployed towards the charitable objects of thc charity. A Dcsignaled Fund has been ¢slablished lo allow for the development of a C¢ntr¢ for the charity's activities as a long-temi asset for the benefit of the Somali community in Islingion and beyond. ON BEHALF OF THE BOARD: Essa Hussein Ali- Trustee 5, Dec¢mber 2024 -Page 3-
Inde endent Examiner's Re ort to the Trustees of Islin ton Somali Communi Independent examiner's report to the trustees of Islington Somali Community ('the Company'} I report io the charity trustecs on my examination of the accounts of the Coinpany for the year endcd 31" Mar¢h 2024. Responslbilities and basis of report As the charity's Irusices of the Company (and also its directors for the purposes of company law) you are r¢sponsible for the prcparalion of the ae¢ounls in accordan¢e with the requirements ofthe Companies A¢1 2006 {'the 2006 A¢l'). Having satisfied myself that the accounts of the Company are not requtred to be audited wider Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of Tny examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Aci,). In carying out rny exainination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner'$ statement I liave Completed my examination. I confirni ihat no matters have come to my attention in connection wilh the examination giving me cause lo b¢licve'. aLcounting rL¢oi'ds WL . nol kcpl in rLSP¢'LI of thL Company as required by seLlion 386 of thc 2006 A¢t' or thu accounts do nul accord with Iliosc rccords. or the accounts do not comply with Ih¢ accounting requirements of seciion 396 of the 2006 Act other than any requirement that Ihe accounts give a true and fair view which is not a matter considered as part of an ind¢pendent examination. or the accounts have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Pra¢iice for a¢counting and reportin&, by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ircland (FRS 1021). I h¢ive no concerns and havc comc across no other matlcrs in conncction with thc cxaminalion lo which atlcntion should bc drawii in this pOrt in ordcr to ¢nablc a propcr understanding of thc accounts to bc rcachcij. Efr¢m Kid&in¥ FCCA EKII Ac¢ouni2ncy SerN'ices Ltd Certified Abcounianls 39-41 North Road London N7 YDP Date.. 5, December 2024 -Page 4-
Islin ton Somali Communit Statement of Financial Activities for the vear ended 31" March 2024 Unrestrieted funds Restrlcted funds Total Fullds 31.3.2024 Total funds 31.3.2023 Notes INCOMING RESOURCES Donation and lega¢le$ Charitable aetivitles Investment Income 23,831 914 116.944 140.775 914 125.284 196 Total Income re¢elved 24,745 116.944 141,689 125,480 RESOURCES EXPENDED Gnv¥rnanee costs Diroct ¢harit#ble expenditure (25,318) (94,686) (120,U04) (105,867. Total resources expended (25 J18) (94,686) (120,004) (105,8671 LYET INCOMIIYGI(OUTGOING) RESOURCES (573) 22.258 21,685 19,613 RECONCILIATION OF FUNDS Total funds brought fonvard 59J13 22,823 82,136 62,523 TOTAL FUIYDS CARRIED FORWIlRD -Page 5-
Islin ton Somali Communi Balance Sheet istered number 06495712 31" March 2024 Notes 31.3.2024 31J,2023 CURRENT ASSETS Debtors Cash at bank and in band 9.320 122 967 105 639 CREDITORS Amounts fulling du¢ within one year 132287 105,644 (28.466) (23,508) NET CURRENT ASSETS 103 821 TOTAL ASSETS LESS CURRENT LIABILITIES 103,821 82,136 NET ASSET FUNDS Unreslricled funds Designaied funds Restricted ndS 33,740 25 34,313 25QQQ TOTAL FUNDS The charitable company is entitlcd to exemption from audit under Section 477 of the Compani¢s Act 2IJ06 for tbe year ended 31, March 2024. The members have not required the chariiable company lo obiain an audit of its financial statements for the year ended 31" Mah 2024 in accordance with Section 476 of the Companies A¢1 2006. The tn]stees acknowledge their wponsibilities for (a) ensurin8 th81 the charitable company ke¢p$ a¢¢ounting recor(ts that ¢omply with Sections 386 and 387 of th¢ Companies A¢t 2006 and (b) preparing financial statements which give a true and fair view of the stste of affairs of the cliaritable cotnpany as at the end of each financi81 year and of its surplus or deficit for cach fuwicial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the CompaDi¢S Act 2006 relating to fancial statements. so far as applicable to the charilablc company. These financial statements have been prepared in accordance with tbe special provisions of Part 15 of the Companies Act 2006 relating to small charitsble COUJPalli¢S. In accordance with Section 444 of the companies Act 2006. the income statement has not been delivered. The financial statements were approv¢d by the Board of Trustees and authorised for issue on 5 December 2024 and were signed on its behalf by: Essa Husein Ali stee (Chair) Mr. Ahmed Ibrahim Tani Trustee ( Treasurer) -Page 6-
Islin ton Somali Communitv Notes to the Fit)aneial Statements for the vear ended 31" March 2024 ACCOUNTING POLICIES Basis of preparlng the financial statements The finaniial statements of the charitable company. which is a publiL benefii entity UTJder FRS 102, have been prepared in accordan¢e with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Sialeinenl of Recommenijed Practice applicable lo charities preparing their accounts in accordancc with the Financial Reporting Standard applicable in the UK and Republie of Ireland (FRS 102) (effeetive l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland, aiid the Companies Acl 2006. The financial sidtemcnts have been preparLd undcr Ihc 8hislorical cosl convention. Income All income is recognised in the Statement ofFinancial Activities once the ¢harity has entitlemenl lo the funds, it is probable that the income will be received. and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a Icgal or constrnctive obligation committing th¢ ch(Irity lo that ¥xpLnditurc, il is probable Ihat a transfer of Ccollomic benefils will bL r¢quircd in 5¢1tlcm¢'nt ¢ind IhL aniounl of Ihc ubligalion can bc mcdsurLd reliably. Exp¢ndilurL IS acLounlLd for un ali ilLLrualy batsisanij has bcen Llassified und¢r hL'iiding¥ that aggrcgalL illl cosi relalLd to thc catcgory. WhcrL Lusts Llinnut bL dirLLIIy atlribLtted to particular hcadings. they havc bccn allocaled to aclivitics on a basis consislcnl with the use of resources. Taxation Thc charity is cxempi from Corporation tsx on its charitable activities. Fund accountlng Unreslriilcd funds can bc used in accordance with the charitable objectivcs at the discretion of Ihc trustces. Reslriclcd funds can only bc us¢d for parti¢ular rcstrictcd purposes within thc objects of Ihe charily. Reslriclions arise when spe¢ified by the donor or wlien funds are raised for particular reslricled pury)oses. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatemenls. Penslon costs and other post-retiremeni beDefJts The charirable company operaies a delined contribulion pension scheme. Contributions payable to the charitable company's pension 5¢heme are charged to the Staiement of Financial Activities in the period lo which they relate. TRUSTEES, REMULNERATIOli Ah'D BENEFITS Trustees, remuneration or other benefils for the year ended 3151 March 202¥ £NIL. (2023- £Nil). The average number of employees during the year was 3 (2023-3). Tru5tee5' expenses Trustees, expenses paid for ihe year ended 31. March 2024 £1.150. (31.3.2023 -£40). DEBTORS: ANIOUNfs FALLING DUE WITHIN OIIE YEAR 31J.2024 31.3.2023 AccruLd Incume Sundry Dcbtors 861 -Page 7-
Islin ton Somali Communi Notes to the Financial Statements- continued for the ear ended 31, ,Nlareh 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.2U24 31.3.2023 Accruals Deferred Income Pension 12.080 16,250 136 5.500 18.008 28,466 23.508 MOVEMENT IN FUNDS Net movemcnt in funds At 31.3.2024 At 1.4.2023 Unrestricted funds LB ISLINGTON COMMUNITY FUND OTIIER UNBESTRICTED FUNDS INTEREST DESIGNATED FUND 7,123 26,994 196 25,000 (3.197) 1.710 914 3,926 28,704 25,000 59J13 (573) 58,740 Restricted Funds MOTHER TONCJUE [SS} BBC CHILDREN tN NEED HEALTH WATCH ISLINGTON IBAA (ISLINGTON BAMER ADVICE ALLIANCE) AWARDS FOR ALL TRUST FOR LONDON LONDON COMMUNITY FOUNDATION LB ISLtNGTON_ DEBT PROJECT WORKER'S EDUCATIONAL ASSOCIATION CITY BRIDGE TRUST GREATER LONDON AUTHORITY ISLINGTON PEOPLE'S RIGHT CLAREMONT COMMUNITY RICHARD CLOUDESLEY 1,600 496 8,819 2.683 1.851 1.641 2.239 2,143 1.351 92 (496) 14,171 2.612 1,692 22,990 5,295 1,851 2.827 427 1,442 1,234 2,230 894 1200 2,000 999 ,186 (1,812) (701) (117) 2,230 894 1,200 2,000 999 22,823 22,258 45,081 TOTAL FUNDS A designated ndS of £25,000 have now been determined as available for related special projects. The lslington Somali Community wishes to establish a community centre in London for the benefit of the community, and the funds in this r¢scTh'c could bc applied towards this purpose. -Page 8-
Islin ton Somali Communi Notes to the Financial Statements - continued for the 'ear ended 31&¢.March 2 24 Funds received and expenditure during the year Incoming resource5 Resources expended Movement in funds UnrestriLted funds LBI COMMUNITY FUND OTIIER DONATIONS INTEREST 22,000 1.831 914 {25,197) (121) (o) (3.197) 1.710 914 24,745 (25.31¥) {573) Restrlcted funds MOTFIER TONGUE (MTSS) BBC CHILDREN IN NEED HEALTH WATCH ISLINCJTONT IBAA (ISLINCJTON BAMER ADVICE ALLIANCE) TRUST F'OR LONDON LONDON COMMUNITY FOUNDATION LB ISLINGTON_ DF.BT PROJECT WORKER'S EDUCATIONAL ASSOCIATION CITY HRif)GF. TRUST GREATER LONDON AUTHORITY ISLINGTON PEOPLE'S RIGHT CLAREMONT COMMUN'ITY RICHARD CLOUDSEY (6,908) (496) (2,304) (12,180) (11,214) (5,670) (701) {4.289) (16,5211) (25,403) (o) (o) (9,001) 92 (496) 14.171 2.612 (1 186) (1.812) (701) (117) 2,230 894 1,200 2,000 999 16.475 14.792 12.400 3,858 4.172 18.750 26.297 1.200 2.000 i 0,000 116,944 {94,686) 22,258 141,689 (120,004) 21,6¥5 -Page 9-