MIDAYE SOMAU DÈVEioPMEP￿NElWoRK LEGALANDADMINISTRATIVE INFORMATION Trustees M&amed Cabdi Yusuf Arnina Mohammed15sa Hinda Dalmar Najaah Adan Mohamed HaRI Nur Challty number 11483LM Company number 7822S73 Reg￿tered Otfice Unrt 6 7 Thorpe a05e North KenSI￿n London WIO SXL 8anker5 UnityTrust Bank 9 Brindley Birmingham BI 2HB Bardays Bank plc 137 iadbroke Gn>¥e WII IPR Independent Examiner Chambedains Elm House. Tanshlre Park Godalming 5urrey GU8 6LB MIDAYESOMAU DEVELOPM￿ NETWORK Trustees, report atementof Tntsred responsibllttles io Independent ExarTMnerfs report li Statement offinanaal thi1￿$ 12 Statement of fina￿la7 posrtlon S￿leMeNt of tash Ilows 14 Notestothe finandal Stst￿eThts 15-27 MIDAYESOMAU DEVELOPMEpif P4EfwoRK TRUSTEES. REPORT{INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees presenttheir report and accounts forthe year ended 31 Marth 2024. The accounts have been prepared in accordance wtih the accounting policies set out in note I to the accounts and comply with the charity's governing document, the Companies Act 20C6 and'Accovnting and Reporting by Charities.. the Statement of Recornmended Practice. applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102 Secthn IAI leffetttve l January 20151" Strurturei ￿¥¢mar￿eaTrd m•na8emem The charity15 a company limlted by guarantee not hamng share caprtal Icompany Rwstration No. 078225731. The company registered as a Char￿ on 26Juty 2012 (Charity Registration No. 11483041. The charitable cijmpany's memorandum and articles of association are its primary govemtng document& Thetrustees, who are also the dirertor5for the purp)se of compary law. and who seryed durlngthe year were.. Mazamed Cabdi Yusuf Amina Issa Hinda Dalmar Mohamed Hagi Nur Nalaah Adan Membership of the board is kept continualty under review. Any neWTft￿ttes3re appointed to contribute particular knowledge, experience. expertise or perspecii¥e to complement that which is already available to the board. TheTrustee5 may attend ary courses whith they feel are relevant to the development of their role and to keep up-to- date on any changes in legislation. Nore of the Trustee5 had any beneficial interest in the company dUr1r￿ the year. All of the Trustees are member5 of the cornpzny and guarantee to contribute £10 in the event of a winding up. Or8anlsatlon TheTru5tees meet to discuss and amend the organisation and struclvre of the charrtable company. The day-to-day organtsation of the charity is the responsibility of the Director of Operations and this is 5UPPOrted by quarterly meetings with at least one Trustee in attendance. Thetrustees also act as wmpany directors forstatutory purpose5. The compaThy directors consider the board of Trustees and the Director of Operations compri%e the key management personnel of the Charity in charge of directing and controllin& running and operating the Charity on a day-t(Hlay bass. All company director5 give of their time freely and no company director received remuneration in the year. The pay of ihe senior stsff is wiewed annually. MIOAYE SOMAU DEVELOPMENT NETWORK TRUSTEES. REPORT{INCWDING DW¢EcfoRS' REpom FOR THE YEAR ENDED 31 MARCH 2024 Oblectl¥es ¥nd arttrthles (Xjrvision is to improve the oualityof lrfe for disadvantagtd. isolated and marginalised Sornali refvgees, migrants and other minority ethnic communitses, coverin8 all age groups and Sexes. ensuring people are given equal rl8hts to education. health and well-bein& libry￿ condf(ions. legal lustoce. retreat￿n31 and adequate economic advarKement. We do this by: . pro￿dIng gentrnlist Information and thryce to ourservKe users that will enable them to become more aware of thelr rfghts and better informed about the Ser￿￿ availab￿ to them and how to access them. . Supportin8 the most vulTheraWe in our community throu8h befrlendin& ment￿ing and advocary a5 necessary. . Providing classesto adults to help them to obtrcome barriets. intrezse theirski115. integrate fully into Society and increase their self-confidence In the pro￿$. . PrwdinB supplementary education to chlldren and young peoplethat cornplemerrts their maiTh5tream education and prowdes a 8reater level of support. . Encouraging and arranging regular tOn5ultation 5es5rons for our service users to contribute and assist In the plannin& development and delivery of new and ex￿ing Ser¥?￿ and prgjects. . Encourawng all members wiihin the communty to express their needs and help themselves stwly and build their skills. in order to gain employment and so (Teate a better ftsture fortheir Pdmilies. . Encouraglng and supporting women to become empowered and achievetheir full potential to become more active and confident members of society. . Liaisin8 and working with other organisations arHI groups which have the same or similar purpose as our own to achieve a common goal and increase our tapacity. . Supportlngthe involvemenL personal and professional growth ol ourvolunteer General overvlew Flourishing: our year in oneword. Slnee the daywe opened ourdoors as an organisation we have never felt as fulfilled, effertive, impartful or stretched as we do now as we reviewthe year that hasjust passed. It has been an extraordinary perfod of growth and ffijitfvlness for Miijaye and we afeabsolutely delighted wrth the sense of hawn8 been involved in Inore, Seen more, and learned more than ever befo￿. Thi5 is despite the fact that thts past year sawthe continuation of the trend of traumatK eventsthat ourcommunities hab* been subjert to for so long. Not only did the impact of the c05t of living crisis continue to bf(e down ever harder on the exposed arsd vulnerable but international events in Sudan. Yemen. Pale¥tirbe. Eritrea and elsewhere hit our cornmunltles exceptional￿ hard. Many have families and frlends liwng In these tountries and the harshness and violence of war and natural disaster has been keenty felt. Thts wa5 particularty evident in the large Sudanese communlty that we support. 5ometirnes it felt a5 though not even a week would go by without us hearing of at least one 5eryi ¢Jserwho had suffered a bereavement The consequences of these events and pressures are clearly e￿dent. The Sudanese community contlnues to swell with mlgrantsforced to vacate thelr homeland. The Inexorable pressure of anxiety and fear contlnues to rise. Many are feeling angry, frustrated, hurt, broken and even hopeless. As an organi5ation we are acutely aware of the atmosphere in the cornmunity and call out to anyone and everyone to pay attention to and reach out a kind and helpin8 hand to those in our communitiesthat need it most. MIDAYE sO￿u DEVELOPMENT NE￿ORK TRUSTEES. REPORT IINCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2024 Through this maelstrom Midaye has continued to serve the people of West London- providineconnection, support and perhaps a little hope to as many as we can. We have run hundred5 of peer support group sessions, helped dozens of indiTrAduals a week with personal support. walked hundreds of thou5andsof step5 in our exercise sessions with our clients and provided safe and 5UPPOrtNe enwronmentsfor children. teen5. young adult5. mothers. fathers and those that have seen many years of life. Midayewas able to pmwde wpport to obtr 1.5C(l irKIMduals this past year- a clèar record for u Some of the highlights from thisyearincluded= . The maturing and excelllng of our excellentjourney of Hope project which aims to create a model for the effertive delNery of mental health support to 8ME women who cannot SFeak English as a first lan8ua8e. . The rapid growth ourwork in Westminster with the addit40n ofa new Athice & Information Service and new project designed to provide wellbeing support forWestMin￿er residents. . Expansion of servi￿5 into Brent wrth a new peer supportgroup and community engagement. . The ongoing impact of our Parent & Carer Champions work, empowering parents to support theirfriends and nelghbours In protecting and safeguarding the thildren in the communty. . The Significant rise ITh popularity of our women's physical activity sessions wth spinning. se55ions. swirnming. walking and Zumba sessions bein8 offered and oversubscribed. . The eXpa￿lOn of our work with children and young adults wtth peer support groups. workshops, classes and outing5. These are significant rnilestones for us but they are a tiny drop in the bucket tompared to what our communities need and deserve. The housing uisis continues to dominate many of our most drfficult case5 a5 farnilies battle the prison of hawng to endure overcrowded. unsafe or insecure housing sf(uation. This pla￿ unbeliewable pressures on the wellbeing of families who are unable to escape these difficulties. It often takes months. If not years to make piogress in difficult houslng tases. Poor mental health and domestic breakdown are intertwined with and feed on housing difficulties creating a vortex of suffering and unhappiness for many. We continue to call for the development of long- term, sustainable. high-impact solutions to these concern5 which will also demand a fundamental shift in the way 5enrices are deliVe￿d to our communtknes. on the one hand. and the way we work with our communf(iesto empower znd enable them, on the other. A5 we asked for in our last rerM)rt, we cot)tinue to do so here.. statutory decision makers and those with influence and power at a national and local government level need to Pay 5eriou5 attention to pursuing 5eNice models that are fit for purpose for those who need them m05t'. solutions that are community4ed, culturally appropriate and which work hand in 8love wlth the communsty 35sets which already ￿$t. Ontythese kinds of solutions wlll find rapid and effectNe traction in empowertng and enabling our communriies. We are Worki￿ extremely hard to demonstrate this and extend our thanks to the many local authority officials. NHS employees, local councillors and others who arejo(nln8 us on this journey. There Is an ever-growing need for statutory decision makers to pay serious attention to disrupting existing pattem5 of seNce delivery in favour of community-led, community-created solutions which rely on community ass￿5 and knowledge to ensure high leve15 of impact. We are working hard, together with our partners, to drove this kind of change within our sphere of influence and we are delighted that we are slowty startin£ to see more and more momentum in this work. MIDAYE SOMAU DEVELOPMENT NMVORK TRUSTEES. REPORT IIP4CLUt4NG DIRECTORS, REPORn FOR THE YEAA ENDED 31 MARCH 2024 As we do every year, it is necessary and a matter of first [m￿rtante to paytribute to the exceptional indsviduals that make up our team of staff and volunteers. The compassion and dedkatlon that team demonstrate on a dally basls is extraordinary and every Suc￿$ and good testimony has to be uedrted to their remarkable efforts. We a￿ also incredibly grateful to the ongoing support of r#Jr funders and partners wr(hout whom we would be unable to help our communlties the way WÈ do. Chjrextrdordinary tearn must. agaln. get the Cred￿ forour siorythlsyear. We acknovAed8e and celebrate the dedlcation, klndness and skill of the men and women that serve their communitie5 through the vehiclethat Midaye PfoIAde& We also extend Lwjr deep gratitude to our muhitude of funders for their generow and support. Your investment ￿ generatin8 a social retum that k Is IMpo￿ble totruly quantify. Mldaye hasenJoyed a perlod ofgood growth and producttwty. There are thallenges ahead. no doubt, but we are detemiined to continue to for8e ahead, breaknn6 new ground. reaching deep into the communities that we support and ernpoweri￿ them as effectively as we p0￿bty can. Project reports SUPPORTAND OiITREACH PROJE￿5 Advice & Information.. This is Midaye's core community4ed seNce. The seNce Is typlolty availablefour days a wee with d02ens of clients making use of it every week. The scope and range of topics we deal wsth are dNerse a￿d sensitrvè. and the nurnber of dients accessin8the service has increased immensety. During appointments. cllents receNe one-to one 5UPPOrt and are referred or acwmpanied to other spedalÈst services when needed. We recently launched a new al￿￿ seNice In Westminster based at the Stowe Centre. This provides 8 appolntments week tothe local Somali communty. Wecontinue to beneftt frorn our hetpfvl working relationship with fjti2enone support. goal Sètting and mentoring for BME community members lookingto proactivety improve thelr heahh and wellbeing thrwh positive lrfestylechoices. Vaccine Pro. ct= Midaye r￿1ved fvnding from the Kenslngton & Chelsea Social Council (for RBKC residents) and from Onewestminster (for Westminster r￿dents) to prowde acb¥ritie5 and inforrnation intended to improve vaccine acceptance and uptake. We worked hard to establish ￿vIar actmties whlch prO￿ded our service user5 With the necessary informatlon and 5UPPOrted them with their health needs whilst bringingthem together and providing them with social and peer support. Whi15t orig*nally running from April to July, additional fundin8 was received from KCSCto ontSnue the work In RBKC foran additiijnal perlod. Both of these funds have r￿W ended. Grenfell Hea￿h Pro'ett= The BME Heakh Forum provided us wrth fijnding to provide 8 indNiduals. who had been Sl8nificantty impacted bythe Grenfell tra8edy. with long-tenn one-ttrone support. MIDAYESOMAU DEVELOPMENT NEfwoRK TRLISTEES, REPORTIIPKLUtXNG DIRECTOR5. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 ACt￿e & Connected: We applled to Sports En8land forfundsto support our increasing focus on physical attivity as a necessary and important aspect of personal he3￿h and wellbeing dLwelopment (both physnlty and mentally) and received funds to prowde a wide ran8e of physical acti¥Tties to 8irf5 and women for a year. These funds have supported walklng groups, 5￿mMin& eXerC￿e dasses and others and have allowed us to ensure that a much lar8er proportlon of our regular service users are being 5UPW)rted to increase their weekty physical actiwty by an appreciable amount. Westminster Health Communities.- This is a new project designed to prowde cornrnunity based hea￿h and wellbeing Inltlatlves to re￿dellts of Westminster. The project has ￿arted well and we are exctted to See how it Wbll develop in coming years. Communi Wellbei .. This new projert is enab￿n8 US to focus on our ne¥v work in BrenL bringin8 SUPPOrt and connection to communities with %gnificant ￿e15 of deprivation. DEVELOPMENT& EDUCATIONPROJE￿S Youn le & Education Su rt.. We work closetywffth social Servi￿$and Earty Help to Pfowde holistic support to families with xhookaged children. Our support enables parents to have a better understsnding of the 8ritish educatlon System. and hdps them Improve their relationship with their children's sthfy)1s and teachers. We also prowde dirert SLlPPOrtto young people with physical acti￿tIeS, peer support groups. mentorir4 and experience& Both BBC Children in Need the John Lyl￿ Charity provKle fundingfor this group of projert& lem nta h I: Midaye's supplementary School was inityated in 2CK12, to ￿ate an environment of education supportfor thildren and familie5 facing great difficultie5 in understsnding and integrating with the 8rit15h ed¢Jcation System due lo langua8e and cultural barriers. Feedback from parents indicate thatchildren love attendin8 the school andthai It has had a significant impacl on the children's education exper(ence. their glades and quality of 5th001 work, andthelr corbfidence. Fundlng from 88CChildren In Need has enabled this work to continue in White City. We reach and artively support over 45 children between the ages of 6 and 17 on a weekty basis. We also offertralnlng to teachers and volunteers to ensure our ethos of effective teachin8 is meL In addition, we delNer more classes and sessions to ensure that we meet the educational support needs of chIld￿n from the school. M15CELLANEOU5 FUNDING We received unrestricted funding from three funders whith enabled us to maintain how high levels of output, improve and relnforce extsting structures and 5y5tems. perform monitoring and evaluation actwitie5. This funding also permits us to respond flexlbty and rapidlyto emer8in8 need5 in the community- Thisfunding ￿ signfficantty benefiaal to the Of8anisation and our service usefs and we are exceptional￿ grateful forthethe suppwjrt that thèse funders havè pio¥ided us with. MIDAYE SOMAU DEvELoPMEP￿ NEtWORK TRUSTEES. IiEPORTIINCLLiMNG DIREcfoiLS' REPORT) FOR THE YEAR ENDED 31 MAROI 2024 FINn¢lal Review Forthe year ended 31 March 2024 the charity had total incoming resourtts of£83B.87612023: £855.6071 and total resources expended of £1.031.17912023.. £798.1621, resultin8 in a net deficit In funds for the yearof £192.30312023-. £57.445 surplus). The restricted fund balance was in surplus at 31 March 2024 of £58.44212023: £118.505 SurpIL￿). The unrestrirted fund balan￿ was In surpjus at 31 March 2024 in the arTrJuftt of £140,58012023: £272,820 surplu51. The deslgnated fund5 of£85.0(KJ at 31 March 2023 were spent In the currentyear. The extessfree reserves overthe tsrget at 31 Marth 2024 are £20.58012023: £67.8201. TheTwsteesare confident that thèywill be?ble tg continue 50urong funds tosupp¢Jttheirwork in the coming year and mana8e costs to ensure re5er¥e5 are maintsined atthe target level. Reserves Pollry It isthe Charity's policyto hold re5erve5to ensure it can meet its operatlonal and Project financlal1SalMlities for a period of at least three months, wlthout obtalning additional funding. The current ￿SelveS polity is forrnalty review￿ and monitored bythe tnjstees at its annual In￿tee meeting to ènsure the polliy still athieve5 the required leve15 of finanaal c(5ver. The reserves target wlll be rewewed and adjusted in response to intemal and external changes. The tsrget minlmum is equal to three months of average operating costs. The calojlation of average monthly operating costs includes all recurrin& predirtable expanses such as salaries and benefits, occupancy, office and programme expen5e5. Depreciation and other non-cash expenses are not included In the calculation. The amount of the reserves target will be talculated each year after approval Df the annual budget, reported to the 8oard of Trustees and Included in the annual ffinancial statements. Reserves will be funded and available in osh or cash equivalent funds. The target forthe year ended 31 March 2024 VAS £120.(m. MIDAYE SOMAU DEVELOPME1￿ NEtWORK TRUSTEES, REPORTIINauDING DIREcfoRS' REPORI) FOR THE YEAR ENDED 31 MARCH 2024 Independent Examlner The IndepèndeTht Examiner, Paul Chambedain. wa5 appointed on l December 2017. Dlsclosure of Inforrnatkjn to the Independent Examlnel Each of theTru5tees has confirmed that there is no inforniation of which they are awa￿ which is relevant to the examlnatlon. but of which the examiner is unaware. They have fvrther confimied that they have tsken approprlate steps to identify such relevant information. TheTrustees' reportwas approved bythe Board of Tft￿tee5 Mr Mazamed Cabdi Yu5 Dated 20 Decernber2024 MIDAYESOMALI DEVELOPMENT NETWORK STATEMENT OFTRU5TEES' RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 TheTrustees. who are alsothe dlrectors of Mldaye Sornali Devdopment Network forthe purpose of company law, are responsible for preparin8 the Trustees, Report and the financial statements In atcordance with zpplKable law and Unlted Kingdorn AcciyJntin8 Standards (United ￿IngdOM Generally Accepted Accojnting PrdCti£el. Company Law ￿quireS thÈTrustee5 to prepare financial statements for each financial year which w.ve a true and falr vlew of the state of affairs of the tharity and of the incoming resourtes and applTrcation of resources, includin8 the Income and expenditure, of the charrtable company for that year. In preparin8 these accounts. the Trustees are required to: . select suitsble accounting policies and then applythem conS￿ntly,- . observe the methods and principle5 in the Charities SOAP: ' makeludgementsand estimates that are reasonable and prudent: and . prepare the accounts on the gthngconcern b￿5 unless r( is inappropriateto presume thatthe charity wlll continue in operation. TheTrustees are responslble for keeping adequate aryounting records that dlsdose wtth reasonable amirnry at any tlmethe financial position of the charrty and eFtable them to ensure that the accounts Comply with the CompaniesArt 2(￿. They are a150 respMsiblefor safeguardingthe assets of the charityand hence fortsknn8 reasonable Steps for the prevention and detection of fra￿1 and otherlrre8ularitses. Each of thè Trustee5confirms thèt: ' so faras theTrustee is aware, there is no relevant audft infomktKJn of which the charity's independent examiner is unaware.- . the Trn￿ee has taken all the steps that Wshe w8ht to have tsken a5 3 Trustee in orderto make himselflherself aware of any relev7nt audit information and to estab[￿h that the charity's independent examiner ts aware ofthat information. Thlsronfirmation is given and should be interpreted in accordance wtth the proV￿￿)n$ of 5418 of the Companles Act. TheTrustees are responsible for the malntenartte and Sntegrity of financial informatlon lTrcluded on the charity's website. Legislztion in the Unf(ed Kingdom Eoverning the preparation and dissemination of financial statements may differ from legislation in otherjurlsdictlo 10 MIDAYE5(AMAU DEVELOPME1￿ NE￿oRK INDEPEIIDEMf EXAMINER'S REPORT TOTHE MEMBERS OF MIDAYE SOMALI DEVELOPMEPU NEIWORK I report on the financial statemerrt5 of the Midaye Somali Development Networi which are set out on pages 12 to 27. Re5pecti¥e vesponslbllilies of tn￿tee$ and examiner The trustee5. who are also the director5 of the companyfor the pUry￿se5 of tompany kw) a￿ responsible for the preparation of the financial statementk The trnstees consider that an audit is not required for this year under section 144121 of the Charr(ies Aet 2011 Ithe 2011 Act) and that an independent examination is needed. The charitls gross income ex￿eded £250,(th and l am qualified to undertake the examination by being a qualified rnember ofthe Institute of Chartered Accountants in England and Wale5. Having satisfied myself that the charity is not subjectto autlit undercompany law and is eligible for independent examinatlon, tt Is my responsibilty to- ' examine the aco)unts under section 145 of the 2011 Act; . follow the procedures laid down in the general directions gr¥en by the Charity Commission lunder sectlon 14515llbl of the 2011 Act); and . state whether particular matters have come to my attent*Jn. Bas15 of Independent eXan￿ne￿$ statement Myexamination was carrled in accordance with general directions gNen by the Charity Commission. ATh examination includes a review of the accountin8 records kept by the charity and a comparison of the account5 p￿sented with those records. It also includes consideration of any unusual items or di5d05ures in the accounts. and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not prowde all the evidence that would be required in an aud¢ and Consequent￿ no opIn￿n is gi¥en as to whetherthe accounts present a 'true and fairf view and the report is limtted to those matters set out in the statement below. IndeperKlent examknees st*ement In connectlon with my examination, no matter has come to my attention: 111 whith gives me reasonable cause to belleve thaL In any material respec( the requirements.. . to keep accounting record5 bn accordance w¥th the Companies Act 2(KJ6. section 386,. and . to prepare accounts which accord wtth the accwnting records and comply with the accounting requirernent5 of the Companie5 Act 2CXJ6 section 386 and wtth the methods and principles of the Statement of recommended Practice: Accountitw and Reporting by Charities have not been met: or 121 to which. in my opinion. attention should be drawn in orderto enable a proper understanding of the accou tstob re4ched. Paul Chamberlaln FCA DChA Chamberlains Elm House, Tanshire Park Shzckleford Road Elstead. Godalming Surrey, GU8 6LB MIDAYE SOMALI DEVELoPmEP￿ NETWORK srATEMEPIt OF FIPIANCIAL ACTIVtnES (ffnCorF￿nq anincomeandexpendlture FOR THEYEAR ENDED 31 MARCH 2024 2024 Total RÈ5thcted Unrestricted 2023 Total Note Reslrirted Unrestricted Inc*xne from: Grants and donatk)ns Interest income 742.328 87.915 830243 8,633 33 756,530 95,783 3.294 B5I313 Totsl Incomè 742.328 96,548 818Th 756,530 99.077 855.607 Expendlture on: Charitable actfvities Governan￿ costs 802,391 225.638 LO28￿29 3.150 3.150 753.993 38,046 6,123 791039 6,113 Totsl txppndliure 12.391 228,788 U3L179 753.993 44,169 798.162 Net lexp•nditure)I kncome for the ￿ar 160,0631 1132.2401 (191103) 2,537 54,908 57A45 Recmdliation of funds Transfer of funds 9.504 Total funds brought forward 118.505 272A20 391325 106,464 227.416 333.8•) Totalfunds arrled forward 58.442 140,580 199.022 118.505 272,820 39L325 JI of the above results are derlved from crMrtinuin8 acti¥f(ies. There were no recognised 8ains or losses other than those stated above. Mi)¥ements in funds are di5dosed in Note 11 tothe finantral staternents. MIDAYE SOMAU DEVELOPMENT NETWORK STATEMENT OF FINANCIAL posmoN AS AT 31 MARCH 2024 2024 2023 Note Flxed a55et5 Tan8ible lixed assets Current assets Debtors and accnJÈd revenue Cash at bank and in hand ii.iii 150.415 275.014 170,947 405,826 425,429 576.773 Liabilitles Creditors.. arTh)unts f3lling due within one year 239JiKI 196,559 Net current assets 186.129 380,214 Net a55ets 199,022 391,325 The furJd5 of the charlty Restricted fund5 58A42 118.505 Unrestricted funds Designated funds General fund5 85.(MJO 187.820 )S80 272,820 Total tharhy funds io 199,022 391,325 The dlrettors are 5ati5fied that the company Is entitled to exemption from the requirement to obtain an audit undersection 477 of the Companies Art 2(￿. The members ha¥e not required the company to obtain an audit In accordan￿ wth section 476 ofthe Act. The dirertors ackrthiledge their responsi￿litiesf0r complying with the requ1￿Ments of the CompaniesAct 2006 with respert to accouniing record5 and the preparabon of accounts. The accounts have been prepared in accordancewith the provisi￿$ in Part 15 ofthe Companies Act 2Crf)6 applicable to companles subjectto the small companies regime. Approved by the Board on 20 December 2024 and signed on their behalf by.. Mazamed Cabdi Yusuf Chair 13 MIDAYE SOMAU DEVELOPMwf NmvoiiK STATEMENTOF CASH FLOW5 FOR THE YEAR ENDED 31 MARCH ZI)24 2023 Cash flwslrom opertti￿ artlvlues Net lexpenditurell Incomefortheyear 135 per the statement of flnandal aclivitie51 1192,303) 57,445 Adlustmentsfor: Inte￿$t receiw4ble Depreciation of fFxed assets Decreaselllncreasel in dÈbtOf5 Increase in creditors {8,6331 4.747 20,531 41741 13,2941 158.1221 36,623 N•t cash (used Inllw*ratsd byopwailwacllvll li32?￿} 36,0% Purchase of fixed assets Interest received 16.529) 8.633 110,1081 3,294 Net Idecreaselllncrea5e ITh cash and cash equlvalèrrts {130A12) Cash and cash equlvaleTrt5 at l April 2023 Cash and cash equlvalentsat 31 Marth 21124 376,544 275￿14 405,826 14 MIDAYE SOMALI DEVELOPMENT NEtWORK NOIES TO THE FINANCIAL￿ATEmENTs FOR THE YEAR ENDED 31 MARCH 2024 l. Net lexpenditurel Ilncome resource51orthe year al The finantial statements have been prepared under the hi5torkal cost convention and in accordance wth UK Generally Accepted Accounting Practi￿, the Companies Art 21K￿ and The Financial Reporting Standard pplica￿e In the UK and Republic of Ireland" I-FRS 102.1 and 'Accountin8 and Reporting by Charltles: the Statement of Recornmended prac￿￿. for charities applyi￿ FR51021SORP"l. The charity is a Public Beneflt Entity a5 defined by FRS 102. The financlal statements are prepared In 5terlin& whith ts the functirmal currency of thecompany. Monetary amtsJnt5 in these financial statements are rounded to the nearest £. bl The charity Is a eompany limlted by guarantee. The of the company are the trustees named on page 2. cl incoming resources a￿ Induded in the Statement of ￿nanCIal ￿ti￿￿e5 when the charity has entltlernent to the funds. certalnty of recelpt and the amount tan be measured wlth Sufficient reliability. Any Income received whertr entitlement has not been earned at the vear end is deferred. In accordance with the SORP. grants receNed in advante 3rKf specffied by the donor as rdating to a specific accountlng peri¢)d or altematwety which a￿ subject to condit￿n$ which are still to be met, and which are outslde the control of the chatrty or where rt is uncertain whether the condilions can or will be met. are deferred on an accrua15 basls to the perK#4 to which they relate. Such deferrats are shown in the notes to the accounts and the sums in¥oW are shown a5 creditots in the acrywnt& dl General funds are unrestricted funds whith are availabk for use at the discretion of the trustees In rtheranceof the general oblectibEs ofthe tharity and whith have not been deslgnated for other purposes. el Des18nated funds are funds whlth hèvè been set asfjde for the spe(ifjc purpose of developlng the infrastructure and governance of the thartty over the next two year5. n Restricted funds are fvnds which are to be used In atcordance with specrflt restrictions imposed by donors or whlch have been raised by the chzrity for pa￿CUlar purF￿. The costs of raising and admini%terlng such nds are charged against ihe spetific fund. The awn and Lt5e of eath restricted fund is set out in the wtes to the ffnancial statements. gl All expenditure is accounted for on an a¢¢n￿￿ basis as a liability as incurred and irKJudes attribuiable VAT which Cannot be recovered. il Charitable expenditure crynprisesexpendtlure on the charity's primary charitable purposes Ill Governance costs comprt5e the costs associated with go¥emance of the charity incurred In conn&tion wlth the administration of the tharity and compliance with institutlonal and statutory requlrements. Included within this category are costs associated 7Mth the 5tratewc as opposed to the day to day manaRement ofthe charrtrfs assets. h) Tanglble fixed assets are stated at cost less depreuatioTr. The thre5hhold for the capltallsation of assets Is £500. Depr￿latIOn is provided at rates calojlated to write off the cost of those assets, less their estimated residual value. over theirexDected useful IwÉs on the followinÈ basis= Plant and machlnery 25% pa straight line 15 MIDAYE SOMAU DEVELOPMENT NETWORK Notes to tht lknan¢lal #•tements FOR THE YEAR ENDED 31 MARCH 2024 Net lexpendlturel I Income resourfes fOrthe￿al Re￿1¥¢￿ fiom BBC Children in Need C4F Key￿One Fund Qty of Westmlnster City of Westmlnster COMK Relief Changemakers Henry Smith lrnperial College Health Charity John Lyon'5 Charity LB of Hammersmith and Fulham Masonlc Charft3ble Foundation MOPAC VRU P&ACT EHP Partnership R8 of Ken￿ngton & Chelsea RB of Kensington & Chelsea RB of Kenslngton & Chelsea RB of Kensington & Chelsea RB of Kenslngton & Chelsea Sports England The BME Health Forum The 8ME Health Forum The 8ME Health Fonjm The 8ME Health Forum The mer￿rs, Conwany The TL￿OrTru$t The TudorTrust Tru5thou5e Charitable Foundation tksnations Imernational Fund Edutational Outrexh Corefvndin8 Hea￿hY coMmun￿(e$ A¢fvice and information Joumey of Hope Core funding Hearth Gateway Isee note below) Young People education and support 35.186 16,667 10,050 38,980 163.701 45.375 31,269 20,(￿ 16,236 78,(I)O 40.853 29.4 Refresh: A BME SO+ support projert Parent & Carer Wellbeing &Jpport lence A8ainst Women & Gids Bilingual Farni￿ Support SeryKe5 FGM Adv Vduntary Sector Support Fund Parent & Carer Champions Togetherfor Grenfell ActNe and connetted Community Uwn8 Well Grenfell Health project Health advocacv He3￿h support with Comic Rellef Community wellbeing Core funding Stsff wellbeing funding Expanded farnify WellbeingSeryke 22.gLK) 39.503 9,618 7,065 2,250 22,(QO 6.110 3.246 25,000 33,486 598 250 830,243 Note.. Imperial Cdlege Income not recefved. Whilst numerous attempts have been madeto follow4JP On thls outstanding invoice these efforts have been unsuccessful. It is considered necessary to provide for a possible bad debt. 16 Mlday•Somall D•¥olopmBrt Nei Not•s to theflnandal 5w¢m¢t Forthe r¢nd•d 31 March 2014 3• NqeloMpendltsr¢l I In￿￿¢ restyJr(e5 lortheye¥ ChaTitaWe Governan actNIt￿$ 2024 Toul 2023 Totsl Staff ￿sts ACt￿ttyexpenSes Independentexamlnaiion Overhead cos 455.653 321.635 168,796 624A49 32L635 85.095 S17.358 192,239 3.ClJO 85.565 8L94S 777.288 3.150 250.741 Loai.179 798,162 Support costs 250.741 1250.7411 Gr)vernan(e costs 3.150 13,1501 Totsl 2024 1.031J79 LOJI,179 Total expenditure 2023 794162 3b An*sls olexpendlture (prfor y¢arl Charitable GtyemarKe Staff costs Acttvlty expense5 Independent emamlnhtlon (￿erhead wsts 48958 517J58 192239 3,0(Xl 85￿65 192,239 3.123 82A42 660.639 6,123 131J(KJ 798,162 pport Costs 131.4tM) I￿1,4c￿l Governance costs 6.123 16,123) Ttxal¢Jwendtture 2023 798.162 79&16Z 17 MIDAYESOMAU DEveLoPmEP￿￿rnR￿ Notes tothefinaAclal st•t¢m¢nts FOR THE YEAR ENDED 31 MARCH 2024 N¢1 lexpendltwel resourtesftyth• year Is stated after chargir8'. 2023 Depreciation owned bythe thar Operating lease rentsls: property 4747 8JlO 8510 No Dlrerti)rs reteived any remuneratlon orrelrntrA￿￿ntfOrexperfje5 IrKwred in behalfof the charlty durfn8the perlod. stsff ¢(ots nwnbe Staff costs were asfollows.. 2023 Wages and sajaries EM￿()ye￿5 pension contrfbuth)rts Ernployer's National Insurance 477.287 9,230 30.841 9.615 32.765 624A49 517.358 Thentsmberof ern￿oYeeS whose emoluments werÈ in e¥¢e55 of £fl),iK￿fOrthe yearwere.. 2024 2023 Theaverage weekty numberofempbyees {[￿l-tIme eqthlentlduriw the yearwa5asfollows: 2023 17 15 Taxatlon Thecharitable cempany isexempt from corporakn tsxas all Its inc¢Jme 1$d￿rita￿le and isaP￿led for chattsble purpose& MIDAYE SOMAU DEVELOPMENTA￿WORK Notes to the financSaf statements FOR THEYEAR ENDED 31 MARCH 2024 T￿￿1￿le ILYed assets Plant and m•thlnery At the start of they•¥r Addittons In year Atthe end oftheyear 26,611 6,529 33.140 Dwedatlon At the start of theyear Chargeforiheyear 15.51JO 4.747 Atthe end ofthe year 20247 Net bookv*lu• Atthe eMI ofthe yèar At the start of the year 12.893 ii,iii 2024 2023 Trade debtors Accrued reven Prepaymerfs Sundry debtors $37 146,770 22,427 790 960 4.053 170,947 Credito￿. amounts fallinKth*T*thlthkn•M ￿¥T 2023 Trade (redknrs 0rhert8xat￿n and soclal security Other creditors Deferred income 8.336 11,149 21.603 155.471 io,m 8.739 214299 239.300 196,559 Thedeferred iKome balatKe of £214299 rdates to amountsdeferred ￿ 2024. All of the prh)ryeardefErred irKome 1É155.4711 was released to the Statement of FinarttlalActiwliesdurln8 2024. Designated rbds RestrKtLYI funds GenLYal fund5 Total Ta￿ltsIe Nxed a55ets Current a55ets Creditors due wtthrn lyear Net4SStlS atthe erKI of the year 12.893 279,233 146.196 1220.7911 118,5091 $8A42 I40￿0 12A93 425,429 1239,3001 .0 19 MIDAYE SI)MALI DEVELOPMENT PIEfwoRK Note5 tothe finanthlswem•nts FOR THEYEAR ENDED 31 MARai 2024 IL*J Analysts of rti ass•ts b•t*wnlunds. Designated Restrthd fun(ts fvnd$ General funds Tot•lfvnds Tarylme fixed •S8£15 Current a55els Creditors due wrthln I ye¥ assets atthe end ofthe ii,iii 216,077 139,3681 187A20 ii,iii 576.773 1196.5591 39L3ZS 275.696 1157.1911 Ila. Mov•ments In ICwrent￿r) Thelrtomefvnd5 of the charlty IrKlude restridedfvrOs ¢omwt55n8thefollO￿rq ￿e*pended balan¢esof donations arKI 8ronts hdd on trustforspecifK P￿F￿Ses. At thestart of the year ITKofflln8 Alth*•nd of iheyezr Transfers BBCChildren in Need - Educatlonal Outreach 35.186 16.667 135.1861 116,6671 CAF Ktystone Fund- core fvndl City ol Westminster - Healthy communities Cily of Westminster -AdYi¢e information Comic Relief-journeyof Hope HenrySmlth- core fundl John Lyon5 Charity- Y￿￿n8 Peop edutatk)n and sUp￿rt LB Hammersmfth & Fulham . FGM Ath>cacy Lloyds Bank Foundation - Drop In Improvement Ma50nic Charftable Foundatlon io 110.0501 138,9801 1175.6791 145.3751 16573 163.701 45375 4.S9S 3L269 PI,2B71 120.(U)I - Refresh.. A BME 50tr ￿PpOrt projert MOPACVRU- Parent & 16236 116,2361 Carer Wellbeln8 Support P&Acf EHP PartnetsNp-Violer A8ainst Women & Girf$ 11392 189,3921 16.552 4L251 157.4D51 20 MIDAYESOMAU DEVELOPMENT NETWORK Notestothi finandaf statem¢nts FOR THEYEAR ENDED 31 MAIICH 1024 At the start Ir￿min￿ Oulgoi of thtyear resowce5 resour(es Transfers At the end oftheyear Ila. R•rtrl¢t•d ((on￿n￿dI." RB of Kertsrngton & Chelsea - FGM Athocacv RBof Ken￿￿[b & Chelsea - Parent &Carertharnplor RB of Kenslngron & (helsea -TogetherforGrenfÈll RBof Kensington & Chelsea -voluntary Sertor &JFVOrt F￿d Ad¥Ke aThJ Infom)atioll Ser¥Ke 14?.f￿)I 10.754 133,5541 6248 39.503 145.7511 Sports England -Acdve and Connected The BME Health Fc*rum - Comic Relief- Health suppwl Themerters, Company -communltywellbwn¥ TheTrusthouse Charltatle Foundat -Exphnded Famity Wellbeing5er¥ice The Internation￿ Fund L345 9.618 6.110 I￿,963) 16,1101 3.246 132461 2.424 48,297 33,486 S.9101 547 Totsl restrktedfunds 118,915 742.328 18013911 u￿reStrf(1edfUndS. Designotedfunds.. Busines5 developmentfvnd 185.(#))I 185.(KXII Totuldesl4nutedfvnds General fvnd5 187MO 96.549 1228.7891 1228.7891 85,CKJO Totsl unre5twkled fur 272.820 96.549 140.580 Totsl tsnd5 391325 S38￿71 11.031.180) 199.022 21 MIDAVE50MAU DEVELOPMEPU NETWORK Nthstotheflnanclal statsments FOR THEYEAR E140ED al MARQI 2024 Ila. R¢sMrted funds l¢tyrtlnwdl: Alm ￿ us0 orrestrkt￿ fw hildren in Need- dUCat￿TraI Outreath I September2021 to 30August 2024 Providin8 SUPPQrt tofafflilies wfth school aychihJrÈrt ￿￿o￿￿ngtutNi￿85Up￿￿t andfacilitatingand 1rnpm￿n8th¢ parentlschool ￿l*lonShIP and home 5UPttyNt. CAF K stor*- ¢(*e fundi l August 2023- 31 2024 Contrlt#rtlon tocorecosts. tl Biid eTrust. Covld suP￿rt-W l June 2021 to 31 May 2022 A projett to provide supph)rtfordevelopin8 the 0rRafm5*￿ toadaptto the need50f ourcommuryty In a [￿￿0ViD environmerf. ofw ster-AdvkÈ and Infonn*lon l May 2023 to 30April 2025 Prmding general advl¢e & Informath)n to lots15)mali restdents inthe ¢Jtyof We5troinster. of Westminster-Health C(Mnmunltles l January 2024- 31 OÈceml>er 2026 Provklingcommunitybased health and wellbeiw inrtiativesta residents of Westrnlr￿er. ofWestmlnrtef- Winter S￿U ort l Ortober 2022- 31 March 2023 A projertto provlde a warm meal, thice and health advocacyto WesimirthrresldentsstrwBlir%wrth energy kx)vertyor other depriwation duriry the vhrter months. Comic Rellel Cha maker5 Fund- 1￿m￿￿of I SeptembeT202110 31 August 2024 A thretryear proiectto develop and &￿￿ence a community-ba5ed mentsl healthcare rnodel that provide5 an effectfve pathwayfor delivering mental health sijpport for BMEtommunitie5 that speak E￿[sh as an additional lang￿Ee. GarfieldWetton- ce & Infomiation l Aprll 2022- 31January 2023 Support for u5 to develop. sustain and imprrNeour key Information seN￿O$a key entrypofjnt to our support ser¥w. Hen -￿5M[th- core fundl l January 2022 trj 31 D￿ember2024 Pmwdin8fuTrJs for manaBementsalarlesto ensurethe healthy and p¥oadNed￿loprnent and growth of the organisation. MIDAYE SOMALI DEVELOPMENT NE7WORK Notes to the financial statements FOR THeYEAft ENDÈD 31 MARCH 2024 erial Health Cha - Heahh Gatew Infijrmalion and 1 September 2021 to 31 May 2022 Prov1dl￿aokntt, SWF*)Stln& advorwand workslwtocommunlty nwnbets needin8 hetp ￿th heattkare COn￿rn5. John L People Ed l January 2023 to 31 December2026 Provldlng511PPOrtfor youw in West Lorthn In thErrethJcatioThand pusonal development. Thts Intlude5 dlrect educaiion support. mental and Èrnotional wellbeirvg support, rnentori￿ and pE2r5UPPOrt. . & thelsea knial Co l April 2022 to 30 14ovember 2022 FundinE to provlde vaicine awarer*ssand advocxyto our commuiyty Im￿ lnKe￿"r￿on & a*lsea. L8 Hammersmith & Fulham- FGM Advocacy l April 2018- 31 March 2024 Provldin¥ dirert supFx)rt and advoCaCyfr￿￿ornen who hawè been￿rti￿50f FGM and whoare reedi SUFPOrt In aPp￿￿ments with health care wofessionals and1hr￿&h matemity. We also provKle inforrnatlon and awareThoss sts5ion5and host communitydiologueon ￿ Issue. sBankF ndation- Dro Inlm I September 2019 to 31 March 2020 Furn45 to improvethe 4u•lity of Midaye'Saokn￿ arKI Informati￿ serte. LO￿￿CoMMunity Fund- EY)F Grenfell Youn l January 2020 to 31 December 2022 Engag1￿ with young BME people IM￿lAthe arEa surroundirvatheGrenfellTrMer. providing Mentori￿ support and leadership opportunitie - Vaccine Pro Fund- Na e.. Yo BMEE Mi50nic charita￿ Foundation- a BME 50+ 15eptember2023 to 31 August 2025 Almed at supportingelderlycommunitymernbers by proAdk)gthemwith support tobreak ly)lat￿ and emFweTthem to partlcipète In an active life. MOPACVRU- Parent& Carer Well l December 2021- 31 January 2024 Providing mental health support tc Pa￿￿ts of children ¥thoare¥ulnerab]eor a￿ at riskof offendin& OneWe5trnin5ter- Vacdne Pro'ert l April 2D22- 31 July 2022 Fundlng to prO¥￿e v4ccine awarenw and advocacyto our commurwty in westmlr￿er. P&ACT EHP Partnershl - ViolerKe inst W rren & Girls Pro l January 2020to 31 March 2024 A London-wide partnership pmject to promde supportto viclirrsofw1oler￿eA8amStw0rnen & Girls and S￿￿¥Or5 of FGM. RB of Ken5in on & Chelsea- FGM Athoca l Aprll 2018- 31 March 2024 Prtsvidiry directsupwrt 3nd athocacy forwomeTh who have been victim5 of FGM and wk) are nEeding support in appolntments wlth health profes%onats and through maternity. Wealso provide information and awareness sessions and host communitydialogue on the Issue. 23 MIDAYESOMAU DEVELOPMENT NETWORK Notestothe finand* statements FOR THEYEAR ENDED JI MARCH 2024 RBof l December 2021- 31 May 2023 Providing peersupport. one-twne 5UPPOrt and c0mrnunitycolmselll￿for parerts and Ca￿r$ tsf thildren areat risk. wdi RBof Kensl on & Che￿ea- se￿￿1nd a l May 2022- 31 2022 Providlng focused care and supporttothe Grenfe1￿ttffeCted community in ReKCaround th¢timeof the5th annNersaryof thefire. AB of Kensin on & che1sea-T￿herI0TGrenfe11 l ￿Til 2018- 31 Marth 2024 ProvIdI￿ wellbelng5UPFrt to families wtside RBKC. Athrice & InforrnationServKe Leadets Acceleratk*n Pr ramme The We51w Trust-S￿ernentary S￿1 A project providingsupplementary school sessksnsto hral thllthen. Intern￿O￿al Fund Fund5 set aside for{￿Ure work Insomolia. t>esl fund- busoness develo nt Funds set aside for the specific purpose of devek*F4ngthe infra5truthre and governance of the t￿rity0Ver the neXt1￿e year> 24 MIDAYESOMAU DEVELOPMENT NEfwoRK Notes tothefinarKlal statements FOR THE YEAR ENDED31 MARCH 21)24 lth Muvernents In ftmds (wtoryaarj The Inwmefunds ofthe charity iThdude re5trictedfLThtsc0mprrw￿the f￿l￿n8 unexpended balan￿$ ofdonations and Brar￿ held onirLtsifo¥ Specific purposes= Atthe start of the year Ipthmi Oul801 At etNI uf the year Restrlcled lund5: BBC Children in Need - f ducational OUt￿8¢h Clty Brid8e Trust - Covhl support- Wave 5 Clty of Westmlnster -Wlnter5UPPOrt Comlc Rdlef-journeyof Hope Garfteld Weston 33,231 1353161 2,097 11599 111.5991 6336 140.888 16.3361 1131.9401 7.625 16573 -Mwce and Information Henry Smlth- core funding IM￿rIal Health tharfty - Health GatevTaV Jokn Lyon'5 CTharity- Young PeoF4e educatit>n and Kensiwon &Cthelsea Sodal Council- Vactine rharnp￿r LB HammeT5mith & F￿hoM - FGM thocacy Uoyds Bank Foundation - Drop in improvement London Cornmunity Fund . Navl8ate.' Your& BME Ery8a8emeDI MOPAC VRU (25,U)01 162,7501 62.V 452 10.556 Ili.OJ81 7.825 17A07} 18 16.827 116.827) 20IKXI po&mi 5.142 (24WI 4,￿2 1,051 12,707 113.7581 - pa￿nt & CarerWellbe4nt&JpF4)rt Onewestminster -Vacane Projett 6.513 155,1211 11.392 MIDAYE50MAU DE¥ELOPMEP4T NETWORK Notes tothe fiTranclaf ststements FOR THÈYEAR ENDED 31 MPaCM 2024 At the stsrt ofthe year tr￿mI Outgol resources At*￿ertd of theyear sources Transfers Il& A•Strr¢tedfw￿$Ith￿Iknu0d}. P&Acf EHP Partnershlp - Wiolenre Against Wi)men & G￿5 RBof Kensington & Chelsea - FGM AthIi)wy R8 of Kenslwoh & Chelsea - Parent & Carer (harn￿On5 RB of Kensington & thdsea -5elf¢are.' Mind and 80( RBof Ken5iryton & thelsea -To8etherforGrenfell RB of Kensington & Chelsea -voluntary sertor￿PpOrt Aoknce and Information SEryice Sports England -Active and Connected 66 41598 144.6121 16,552 41.xl 141.21XII 6.112 134,1081 10.754 13AKK) 52,674 ISi2311 5,805 6,248 191.fQ21 1,602 4.168 I2￿23) L345 The BME Health Forum - Gateway.. Community lnformatlon &Ath SeNlce 9A97 19,897) The National Lottery Lfved E¥perierKe -Sprlngbtsard.. A 8ME Community Leaders Acceleration Programme TheWestWdyTrust - Supplementary 5chc TheTrusthou5e Charitsble Foundatlon - Expanded Family Wellbeing5eryKe The Intemational Fund 9.676 23.211 I32￿87) 16331 2.292 32.930 17981 2A24 48.047 48.297 Totsl reJtvi¢tedfunds 106.464 756.530 1753.9931 9.504 118,505 26 MIDAYE SOMAU DEVELOPMENT NETW Notes tothe fknamlal statsments FOR THEYEAR ENOED31 MARCM 2024 At the start of theyear IKomlr Outgoiryg resourc￿ Ytsource5 At the end of theyear Transfers I1￿ UT¥eslrfcted lunds: Designotedlunds.. Busi1￿$deVelopMenlfvTrJ Torolde51gnotedfvnds GehÈrallunds 85.IlXI 85.OCrfJ 142,416 227,416 99.077 99.077 144.1691 144.1691 I9￿4) 19,5041 187.820 272,820 Totsl unresM¢tedfiwwJ5 Total funds 855,607 1798.1621 391,325 12. Op•tatknK lease (thxmltments Thecharlty had anrwjal commitments at the year end urthrQpvati￿ leè*se4*riry a5folknws: 2024 2023 Land and bulldlws Less than l year Bètween 2 and S years 8.510 2.991 8.510 17,791 26,301 13. GolryCorKtrn TheTrustee5 have assessed whether the use of the going concem basis is appropriate and hwecons¢dered porrible events or conditionsthat might castsignrfirant tknubtoTrthe ability ol thÈ ¢harFtyto cwtinue 35 a8oing coTrcem. TheTru5tee5 have rnadethis assessmènt for a pericd of at least one yearfrom the dateof approval of the fina￿131 statements. The charityis largelyshÈltered from the expected effectsol the CO￿￿-1￿r% crtsisand ￿gnifICanT International events as the income Is based mainly OTh grants received. TheTnJsiees have coTrdLhYed thatthere isa reasonable expectation that the chaiity has adequate re50urce5 tocontinuetooprte forthe fofeseeable future at)d therefore continw5 to adopt the8olnB concern basls in preparing its financial statements. 27