REGISTERED COMPANY NUMBER: 06495712 (England And Wales) REGISTERED CHARITY NUMBER: 1136720 ort of the Trustees And Unaudited Finaneial Stgtemen¢s for the e*r ended 31. March 2025 for ton SomAli Communit Islin
Islin ton Somali Communi Contents of the Financial Statements for ihe 'ear ended 31. Nlarch 2025 Page Report of the Trustees I to3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
Islin on Somali Communi ort of the Trustees ear ended 31$¢ March 2025 for the The trustees who are also directors of the Charity for the purposes of the Companies Act 2006. present their report with the financiaI statements of the charity for the year ended 31 March 2025. The trustee5 have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Regislered Company number 06495712(England and Wal&s) Registered Charity number 1136720 Trustees Mr. Essa Hussein Ali Mr. Ahmed Ibrahim Tani Mr. Ismail Egal Mr. BashirNoor Ms. Fadhiya Elmi Ms. Muna Mohamed Mr. Guled Ahmed Mr. Mustafa Aideed Chaian Treasurer Secretary Company Secretary Mr. Yussuf Ahmed Principal Office address 225-229 Seven Sisiers Road Finsbury Park London N4 2DA Registered otTice 225-229 Seven Sisters Road Finsbury Park London N4 2DA Independent Examiner EFREM KIDANE FCCA EKB Accountancy Services Ltd Chartered Certified A¢countants and registered Auditors 39-41 North Road London, N7 9DP -Page l-
on Somali Communi ort of the Trustees ear ended 31" March 2025 for the STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Islington Somali Community OSC) is governed by. a deed of trusL and constitutes a limited Company, limited by guarantee, as defined by the Companies Act 2006. MANAGEMENT AND GOVERNANCE ARRANGEMENTS Trustees are generally identified and proposed by exiting Trustees. their appointment being ratified by the members at a annual general meeting. The Chairnian is responsible for the induction of the new Trustees. Trustees meet monthly and all major finan¢ial and policy matters are discussed. The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that ihe systems are in place to mitigate those at risk. The day-to4ay administrationand management of the charity are delegated to the coordinator, Mr. Yussuf Ahmed. RISK MANAGENMENT The Irustee5 have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJEcfivES AND ACTIVITIES The Trustees ¢onfirn) that they have Com lied with the requirements of Seciion 4 of the Charities Act 2011 to have due regard to the public benefit guidan¢e published ly ihe Charity Commission forEngland and Wales. The primary objective of Islington Somali Community (ISC the London Borou h of Islington. Over the past 30 years. IS is to enhance the wellbeing of Somali residents and workers in areas such as weilare benefils, housing. education, employment, rovided vital support to refugees and migrants, focusing on needs of the community. ealih, and other essential services tailored to the evolving Achievements 2nd Performance l. Advlce and Support Services Supported more than 3,000 individual cases, predominanily involving welfare rights (e.g. Universal Credit), followed by housing, debi, and employment issues. Referred clients to specialist agencie5 such as Islington People's Righls and IBAA for targeted support. 2. HeAlth And Wellbeing InitlAtives Delivered 21 workshops covering Covid-19, flu and vaccinations. diabetes, health eating. winter wellbeing, menopause, and cancer awareness, reaching hundreds of residenis. Promoted healthier lifestyles through nutrition and exercise programs. 3. Support for Older People (ISC Connect) Assisted over 300 older residents throtjgh pension advice. weekly social sessions. and referrals to mainstr¢am services. 4. Youth Engagement And Education (ISC Links) Supported over 350 young people, including those not in education. employment, or training (NEET). Delivered outreach on housing estates. alongside edu¢aiion, sports. and Job Club activities. Organised 18 workshops on education, employmenl, and health to equip young people with skills and opportunities. 5. Cost of Living and Eeonomic Resilience Delivered nine workshops on debt prevention, energy bills, and eviction risks, alongside budgeting courses. Partnered i¥ith Islington Council's Resident Support Scheme, Richard Cloudeslcy crisis fund through IBAA. and local food banks to provide timely financial and practical assistance. 6. Community Integration and SociAI Cohesion Delivered projects addressing domestic violence. mental health, and intergenerational engagement. Provided family activities, particularly during school holida)'s, strengthening community ties. -Page 2-
Islin ton Somali Communi ort of the Trustees continue for the ear ended 31" March 2025 7. Collaborative Partnerships Worked with parthers including Islington Council, City Bridge Trust, Cloudesley, Healthwatch Islington, IBAA, Islington People's Rights. the Mayor of London's office, and others to deliver impactful projects. ISC continues to empower vuln¢rable groups including older adul women, children. and young people through practical and emotional support. The charity remains committed Io PTomolin8 integration. resilience, and opportunity within the Islington Somali community and beyond. FINANCIAL REVIEW The Gross incoming resources of the charity forthe year ended 3 Isl. March 2025 amounted to £146.677. (2024- £141,689). The total resources expended during the year was £144,500. (2024- £120,004). The surplus during the year was £2.177, (2024- £21,685). RESERVE POLICY It is the policy of the trustees that the reserves of the charity should be held as ¢urr¢nt assets in order to meet the future requirements of its projects. The management committee has und¢rtaken a review of the need for the level of reserves to 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 lo work towards holding minimum unrestricted reserves, to mect operating costs of three months. Steps will be taken io build the general reserve fund 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 the charity. A Designated Fund has been established 10 allow for the development of a Centre for the charity's activities as a long-lemi assct for the benefii of the Somali Community in Islington and beyond. ON BEHALF OF THE BOARD.. Mr.E sa Hu55ein Ali- Trustee 15th September 2025 -Page 3-
Inde endent Examiner's Re ort to the Trustees of Islin ton Somali Communi Independent examiner's report to the trustees of Isling¢on Som8li Community ('the Company'} I report to the charity trustees on my examination of ihe accounts of the Company for the year ended 31. March 2025. Responsibilities and basis of report 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 examinalion, I report in respect of my examination of your charity's a¢counts a5 carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act,). In carrying out my examination I have followed ihe Directions given by the Charity Commission under s¢ction 145(5) (b) of the 201 l Act. Independent examiner's statement I have completed my examination. I Confirni that no matters have com¢ to my attenlion in connection with the examination giving me cause to believe: a¢¢ounting records were noi kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounls do not accord with those records; or the accounts do not comply with ihe accounlin8 requirernents of section 396 of the 2006 Aet other than any requirement that the accounts give a true and fair view which is not a matter ¢onsidered as part of an independent examination. or the accounts have not been prepared in accordance wilh the methods and principles of the Statement of Recommended Prdctice for accounting and reporting by charities (applicable to charities preparing their accounts In accordance with the Financial Reportin8 Siandard 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. Efrem Kidane FCCA EKB A¢¢ountancy Services Ltd Certified Accountants 39-41 North Road London N7 9DP Dat¢.. 15thl September 2025 -Page 4-
Islin on Somali Communi Statement of FKnAnci#l Aetivities for the ear ended 31" March 2025 Unrestricted funds Restrieted funds Total Funds 31.3.2025 Total funds 31.3.2024 Notes INCOMING RESOURCES Donation And lega¢ie$ Charitable activities Investment Income 27,000 119.677 146.677 140,775 914 Tot41 Income recelved 27,000 119,677 146,677 141,689 RESOURCES EXPENDED GoYerDAnce eosts Direct charitAble expenditure (22,900) (121.599) (144.500) (120,004) TotAI re50urees expended (22.900) (121,599) (144,500) (120,004) IYET INCOIMINGI(OUTCOING) RESOURCES 4,100 (1,923) 2,177 21,685 RECONCILIATION OF FUIYDS Total funds brought forward 58.740 45,081 103,821 82,136 TOTAL FUNDS CARRIED FORWARD -Page 5-
Islin ton Somali Communi Balance Sheet stered number 06495712 31" March 2025 Notes 31.3.2025 31.3.2024 CURRENT ASSETS Debtois Cash at bank and in hand 304 115292 9,320 122967 CREDITORS Amounts falling due within one year 115,596 132,287 (9,598) (28,466) NET CURRENT ASSETS 105 998 103 821 TOTAL ASSETS LESS CURRENT LIABILITIES 105,998 103,821 NET ASSET FUNDS Unrcstri¢led funds Designatcd funds Restricted funds 32,840 33,740 25 TOTAL FUNDS The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 l$t March 2025. The members have not required the charitable company lo obtain an audit of ils financxal statements for the year ended 31" March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for {a) ensuring that Ihe charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and prepaTill8 financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each flnancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Aet 2006 relating lo financial sthtements, so far as applicable to the charitable company. (b) These financial staternents have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. In accordance with Section 444 of the companies Act 2006, the income statement has not been delivered. The financial statements were approved by the Board of Trustees and auth0ri5ed for issue on 15 of ' September 2025 andwere signed on its behalf by: . Essa Husein Ali Tru tee (Chair) ed Ibrahim Trustee ( Treasurer) -Page 6-
Islin Somali Communi Notes to the Financial Statements for the ear ended 31" March 2025 ACCOUNTING POLICIES Basis of preparing the financial slatements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities.. Stst¢ment 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 l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the 8historical cost convention. Income All income is recognised in the Statement of Financial Activities once ihe charity has entitlement to the funds. it is probable that the income will be received. and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounled for on an accruals basis and has been classified under headings that aggregaie all cost related to the category. Where costs ¢annot be directly attributed to particular headings, Ihey have been allocated to activities on a basis ¢onsistent with the use of resources. Taxatlon The charity is exempt from Corporation tax on its charitable activities. Fund aecounting Unreslricted funds can be used in accordance with the chariiable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restri¢tions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanalion of the nature and purpose of each fund is included in the notes to (he financial scatemenls. Pension costs and other post-retirement benefits The charitable Company operaies a defined coniribution pension scheme. Conlributions payable to the charitabli company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. TRUSTEES. REMUIYERATIOIY A]YD BENEFITS Trustees, remuneration or other benefils for the year ended 3 ljl March 2025- £NIL, (2024- £Nil). The average number of employees during the yearwas 3, (2024-3). Trustees, expenses Trustees, expenses paid for the year ended 3 IS March 2025 was £380, (31.3.2024 -£1,150). DEBTORS: AMOUIYTS FALLING DUE WITHIN ONI E YEAR 31.3.2025 31.3.2024 Accrued Income Sundry Debtors 861 8,459 304 -Page 7-
Islin on Somali Communit Notes to the Financial Statements- continued ror the ear ended 31. Marth 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.2025 31.3.2024 AccruaIs Deferred Income Pension 3,002 6,437 158 12.080 16.250 136 9.597 28,466 MOVEMENT IN FUNDS Net movement in funds At 31.3.2025 At 1.4.2024 Unrestricted funds LB ISLINGTON COMMUNITY FLfND OTHER UNRESTIUCTED FIJND DONATIONS INTEREST DESIGNATED FUNDS 3.927 25.490 3,213 1,110 25.000 2,953 (5,000) (198) 1.344 5.000 6.880 20.490 3,015 2,454 30,000 58,740 4,099 62,839 Restricted Funds MOTHER TONGUE (MTSS) HEALTH WATCH ISLIN'GTON IBAA (ISLINGTON BAMER ADVICE ALLIANCE) AWARDS FOR ALL TRUST FOR LONDON LONDON COMMUNITY FOUNDATION LB ISLtNGTON-DEBT PROJECT WORKER'S EDUCATIONAL ASSOCIATION CITY BRIDGE FOLNDATION GREA TER LONDON AUTHORJTY ISLtNGTON PEOPLE'S RIGHTS CLAREMONT COMMUNITY CLOUDESLEY LB ISLINGTON VIOLENCE REDUCTION SOMALI YOUTH GROUP GDPQ 1.692 22,990 5,295 1,851 2.827 427 ,442 ,234 2.230 894 ,200 2,000 999 1.790 (2,304) .344 (1.851) (2,827) (427) (1,442) (1,234) (2,230) 4,532 (1,200) 2,000 (999) 1.120 480 1.326 3,482 20,686 6,639 5.426 4,000 .120 480 1,326 45,081 (1,922) 43,159 TOTAL FUNDS A designated funds of £30.000 have now been d¢temiined as available for related special projects. The Islington Somali Community M'ishes to establish a Community Centre in London for the benefit of the community. and the fund5 in this reserve could be applied to,ardS this purpos¢. -Page 8-
Islin ton Somali Communi Notes to the Financial Statements - eontinued for the ear ended 31" March 2025 Funds receiv¢d and expenditure during the year Intoming resources Resources expended Movement in fund$ Unrestricted funds LBI COMMUNITY FUND OTHER DONA TJONS INTEREST 25.000 655 1.344 (22.047) (854) (o) 2,953 (198) 1,344 27,000 (22,901) 4,099 Restricted funds MOTHER TONGUE (MTSS) HEALTH WATCH ISLINGTON IBAA (ISLINGTON BAMER ADVICE ALLIANCE) A WARDS FOR ALL TRUST FOR LONDON LONDON COMMUNITY FOLfNDA TION LB ISLINGTON- DEBT PROJECT WORKER'S EDUCATIONAL ASSOCIATION CITY BRJDGE FOUNDATION GREATER LONDON AUTHORITY ISLINGTON PEOPLE'S RIGHT CLAREMONT COMMUNITY CLOUDESLEY LB ISLINGTON VIOLENCE REDUCTION SOMALI YOUTH GROUP GDPQ 7,000 16,950 17.589 (5,210) (19,254) (16.245) (1.851) (2,827) (427) (1.442) (1,234) (27,792) (26.468) (1.200) (o) (12,649) (1,480) (3,520) 1,790 (2.304) 1.344 (1,851) (2,827) (427) (1.442) (1,234) (2.230) 4,532 11,2001 2.000 (9991 1,120 480 1.326 25.562 31.000 2,000 11.650 2,600 4,000 1,326 119,677 (121,599) (1,922) 146,677 (144JOO) 2,177 -Page 9-