OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

Charity Registration No. 1148304

Company Registration No. 07822573

MIDAYE SOMALI DEVELOPMENT NETWORK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mazamed Cabdi Yusuf
Hinda Dalmar
Najaah AbHir Adan
Amina Mohammed Issa
Charity number 1148304
Company number 07822573
Registered Office Unit 6
7 Thorpe Close
North Kensington
London
W10 5XL
Bankers Unity Trust Bank
9 Brindley Place
Birmingham
B1 2HB
Barclays Bank plc
137 Ladbroke Grove
London
W11 1PR
Independent Examiner Rock Tax and Accounting
Elm House, Tanshire Park
Elstead
Godalming
Surrey
GU8 6LB

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

CONTENTS

Trustees’ report 1 - 9
Statement of Trustees’ responsibilities 10
Independent Examiner’s report 11
Statement of financial activities 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15 – 28

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and accounts for the year ended 31 March 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: the 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 Section 1A) (effective 1 January 2015)".

Structure, governance and management

The charity is a company limited by guarantee not having share capital (Company Registration No. 07822573). The company registered as a charity on 26 July 2012 (Charity Registration No. 1148304). The charitable company's memorandum and articles of association are its primary governing documents.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mazamed Cabdi Yusuf Amina Issa Hinda Dalmar Najaah Adan

Membership of the board is kept continually under review. Any new Trustees are appointed to contribute particular knowledge, experience, expertise or perspective to complement that which is already available to the board.

The Trustees may attend any courses which they feel are relevant to the development of their role and to keep up-to-date on any changes in legislation.

None of the Trustees had any beneficial interest in the company during the year. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

Organisation

The trustees meet regularly to review and refine the organisation’s structure and operations. Day-to-day responsibility for running the charity lies with the Director of Operations (CEO), supported by the Deputy Director. Their work is overseen and guided by quarterly trustee meetings, which help ensure alignment with the charity’s strategic objectives and governance standards.

The trustees also serve as company directors for statutory purposes. For governance and operational oversight, the board of trustees and the Director of Operations (CEO) with the support of Deputy director are considered the key operational management personnel of the charity. They are responsible for directing, controlling, and managing the charity’s day-to-day activities, under the guidance of the trustee board. All company directors volunteer their time and did not receive any remuneration during the year.

The salaries of senior staff and employees are reviewed only when authorized by the trustees. Reviews are conducted when the trustees are confident that the adjustments are appropriate and that the charity is financially able to support them.

1

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

Objectives and activities

Our vision is to improve the quality of life for disadvantaged, isolated and marginalised Somali refugees, migrants and other minority ethnic communities, covering all age groups and sexes, ensuring people are given equal rights to education, health and well-being, living conditions, legal justice, recreational and adequate economic advancement.

We do this by:

General overview

We have had another remarkable year at Midaye Somali Development Network, marked by significant milestones and much to celebrate. Yet, it would be remiss not to acknowledge the tough financial headwinds we have had to brace ourselves against. In many ways, the past 12 months have been defined by the strengthening of our resolve and the deepening of our resilience qualities often forged in adversity. Despite the emergence of serious challenges, our belief in the value, necessity, and impact of our work remains steadfast. We know that what we do makes a meaningful difference in the lives of hundreds of vulnerable, disadvantaged, and isolated Londoners.

The challenges we have faced are complex, but the most pressing has been the difficulty in securing funding. We have worked tirelessly to replace, supplement, and build upon grants that ended over the past year. However, we have not seen the level of success we have grown accustomed to over the last five years. For the first time in a long while, we are experiencing a significant dip in annual funding. This has led to a substantial reduction in our activities, a reshaping of our operational models, and, regrettably, a restructuring of our staff team.

We must also continue to recognise the impact of global and national events on both the communities we serve and our dedicated team of employees and volunteers. The pressures of violence, discrimination, and worsening financial conditions have steadily increased, disproportionately affecting those who are vulnerable, deprived, or marginalised communities.

The devastating conflicts in other parts of the world have deeply affected the communities we support especially those

2

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

with personal ties to their country of origin or past experiences of similar trauma. Many of our service users have suffered

bereavements and live in constant fear of further loss. There is a profound sense of communal grief and despair, particularly among the Sudanese community, who represent a significant portion of our service users.

The public discourse around migrants reached a disturbing peak in the summer of 2024, following the tragic murder of several children in Southport. Although the unrest was not directly linked to our communities, it unjustly targeted nonwhite migrant groups. This led to the cancellation of several planned summer activities and has left a lingering sense of anxiety and isolation among our communities, exacerbated by ongoing rhetoric that seeks to marginalise and alienate.

The housing crisis continues to be one of the most pressing and persistent challenges facing our communities. Families are frequently forced to endure overcrowded, unsafe, or unstable living conditions—situations that place enormous strain on their physical and emotional wellbeing. These issues are rarely resolved quickly; instead, they often stretch out over months or even years, compounding stress and hardship. Housing insecurity is deeply connected to poor mental health and family breakdowns, creating a cycle of distress that is difficult to escape.

We remain committed to pushing for long-term, impactful solutions that address these issues at their root. Achieving this will require a fundamental rethinking of how services are designed and delivered placing communities at the heart of the process and ensuring that support is both empowering and effective.

As we urged in our previous report, we reiterate the call here: those in positions of authority whether in national or local government must take seriously the need to develop service models that truly meet the needs of those most affected. These models must be community-driven, culturally sensitive, and built in partnership with the existing strengths and resources within our communities. Only through this approach can we create solutions that are both responsive and sustainable.

We are working tirelessly to demonstrate the effectiveness of this approach and are deeply grateful to the many local authority representatives, NHS staff, and local authority councillors, Trust and Foundations and other partners who are walking this path with us.

Despite these challenges, our pride in what we have accomplished remains undiminished. We are thrilled to report that our work has continued to flourish over the past year, thanks to our diligent, creative, and compassionate efforts to empower and support West London’s communities. Nearly 1,500 individuals accessed our services, with over 780 attending peer support groups, almost 450 receiving one-to-one support, and 174 children participating in youth or supplementary school activities. On average, we delivered 48 activities per week including weekends and provided over 37,000 hours of support and intervention throughout the year.

Among our many achievements, we would like to highlight the following:

Journey of Hope Project

We concluded our three-year Journey of Hope project in October 2024, having developed and refined a highly effective model for delivering mental health support to women in our communities. The Journey of Hope Program has played a key role in transforming the lives of community members who took part in the programme. There is strong self-reported evidence of meaningful change among participants. Individuals shared personal stories of overcoming a fear of driving, recovering from the

3

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

long-term effects of domestic violence, building confidence to pursue employment, and improving relationships within families between young people and parents, as well, as between partners. We are immensely proud of this work and believe it offers a replicable approach that can bridge the gap between existing mental health services and the communities we serve. A full report on this project will be published during the 2025/26 financial year.

Summer Holiday Activities

Thanks to generous funding, we delivered a wide range of summer activities aimed at empowering parents and volunteers to plan and execute enriching experiences for children during school holidays. This initiative helped participants learn how to research, budget, and organise activities, with the goal of reducing anxiety, boredom, and negative influences that often affect children during these periods.

Physical Activity Programmes

We have continued to expand our efforts to encourage women in our communities to engage in regular physical activity, recognising its profound benefits for mental, emotional, and physical wellbeing. Attendance at our sessions increased by 20% over the past year.

Westminster Outreach

With support from the City of Westminster, we extended our outreach in the borough’s north, effectively engaging Somali and Arabic-speaking residents and helping them access vital services and support.

FGM Advocacy

Midaye has a proud history of delivering impactful and sustained support to communities affected by Female Genital Mutilation (FGM). Our long-standing FGM service has reached across all sections of the community, including women, men, and young people, offering culturally sensitive and trauma-informed care, education, and advocacy.

One of our most significant achievements has been the initiation of a community-led approach to tackling FGM. This ground breaking model has empowered survivors, shifted community attitudes, and sparked grassroots movements aimed at eradicating the practice. The success of this initiative has led to its replication across the UK, demonstrating its effectiveness and relevance in diverse community settings.

Our campaign continues to thrive, driven by passionate change-makers and supported through strong partnerships with other organisations. With the backing of the local boroughs we operate, we have been able to sustain and expand our vital work, ensuring that survivors receive the support they need and that communities are engaged in meaningful dialogue and action.

Midaye remains committed to this mission. Through ongoing collaboration, advocacy, and service delivery, we continue to lead efforts to end FGM and support those affected, contributing to a safer and more informed society for all.

We must as always extend our deepest thanks to the many individuals and organisations who make our work possible. We are profoundly grateful to our funders, whose generosity and perceptive understanding of our mission are essential to the impact we continue to make. We also wish to thank the officers, representatives, commissioners, and dedicated professionals we collaborate with regularly, whose support ensures our services are delivered effectively and that each individual we serve receives the care they need.

4

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

We always take time to thank our staff and volunteers in these reports but we wish we could do more. Our organisation is built on the generous spirits and boundless compassion of our incredible team, who give tirelessly and without complaint. The world is brighter and better because of these women and men, and they deserve far more than these few words can convey.

Finally, we would like to acknowledge our close friend and invaluable advisor, Anne Pirie. Anne has served as our fundraising and management consultant for many years, and although she is now moving on to new opportunities, her legacy remains. We are deeply thankful for Anne’s wisdom, patience, and exceptional skill. Her contributions have made us a stronger, more capable organisation, and we wish her every success in the future.

Though this season of challenges is far from over, we look ahead with hope and determination. We will not relent in our mission to serve, support, and uplift our communities. Our work is not done.

Project reports

SUPPORT AND OUTREACH PROJECTS

Advice & Information: This is Midaye’s core community-led service. The service is typically available four days a week, with dozens of clients making use of it every week. The scope and range of topics we deal with are diverse and sensitive, and the number of clients accessing the service has increased immensely. During appointments, clients receive one-to-one support and are referred or accompanied to other specialist services when needed.

Our Advice & Information work in Westminster, which has been running for two years now, continued this year and whilst funding was due to end in March 2025, we are hopeful that it will be renewed so that this valuable work might continue.

We continue to benefit from our helpful working relationship with Citizens’ Advice Hammersmith & Fulham in which we are provided with two dedicated sessions with an advisor every week. We book clients into these sessions in advance.

Funding for this project is provided by a new tranche of the VSSF from RBKC (delivered in partnership with Hodan Somali Community), and from the Westminster local authority.

This project ended in July 2024 bringing to an end our long-running one-to-one family support work which had also, previously, received funding from the local authority.

Parent & Carer Champions: We received a fifth tranche of funding from the MOPAC VRU (via RBKC) as a nominated partner of the local authority to deliver training to develop a cohort of local parents and carers who would champion a movement to end youth crime and violence in their local neighbourhoods. The funding on this occasion was split with two new delivery partners in RBKC.

We continued to work closely with our trained volunteers, supporting them to work effectively in their communities and drive a community-wide response to these concerning issues. The smaller pot we received this year resulted in some curtailment but we are still delighted with the significant impact that our volunteers are having within the community with many demonstrating high levels of empowerment, creativity and motivation.

This project is due to end in March 2025 although a much smaller contribution from RBKC may enable it to continue running in some form during the next financial year.

5

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

BME 50+ Support Project: This project is aimed at supporting elderly community members by providing them with support, helping them to break isolation and empowering them to participate in an active daily life. It is funded by the Masonic Charitable Foundation and provides funding for group work, occasional outings and other forms of support. This is important work as many elderly people within our communities are exceptionally isolated, with high levels of chronic illness, loss of mobility, very poor English and very high levels of dependency on family members who may not live nearby.

Summer Activities 2024: Funding from the MOPAC VRU provided us with the means to bring a large cohort of parent volunteers along with us as we planned and delivered a range of summer activities for young people in London. The intention was to provide a sustainable solution for the significant challenge that school holidays present for many families – particularly those at risk of offending, living in deprivation or at risk of other harm. We were able to demonstrate and prove to service users that finding productive, diverting and beneficial activities for their children is possible and affordable if enough people are involved and some basic principles of research, planning and budgeting are adhered to. Through this process, we were also able to provide actual summer activities to hundreds of families including excursions to a Safari Park, theme parks and a visit to the seaside. This project was a short-term initiative and ended in November 2024.

Enable: Family Wellbeing: This was a one-year project with funding from the City of Westminster’s Global Majority Fund. We worked to empower local Westminster residents within our community to act as champions for good family wellbeing initiatives, using their personal experiences and community influence to encourage others to make good lifestyle and wellbeing choices. The project ended in March 2025.

HEALTH & WELL-BEING PROJECTS

Community Living Well Service: This service service provides emotional wellbeing support to individual clients on a referral basis. We deliver up to 6 sessions of one-to-one, face-to-face emotional well-being support for RBKC residents. Most of the clients supported through this project speak English as a second language. The main focus is to walk clients through specified processes and objectives, attending appointments and meetings with them, whilst providing them with emotional well-being support, enabling them to access mental health and other local services.

FGM Advocacy Project: Midaye continued to provide advocacy and support for victims of FGM at multi-agency FGM clinics in three hospitals: St. Mary’s Hospital, Queen Charlotte’s Hospital, and Chelsea and Westminster Hospital. Women that access these clinics primarily, but not exclusively, come from Kensington and Chelsea, Westminster, Hammersmith and Fulham, Brent, Ealing, and Wandsworth. Midaye’s health advocates also supported social workers with home visits and risk assessments. We engaged extensively with the local community to empower victims of FGM and provide them with the support they need to recover from their trauma and flourish. This work has been running for many years and we are hoping it will be renewed again in April 2025.

P&ACT Partnership: FGM This project is a significant collaboration with a large number of partners from the London Violence Against Women and Girls Consortium. Midaye focuses on the provision of support to survivors of FGM, training and awareness raising in the Royal Borough of Kensington & Chelsea, the London Borough of Hammersmith and Fulham and the City of Westminster. Survivors are provided with extensive one-to-one support which includes emotional wellbeing support and practical support. This project has been renewed for a further period until March 2027.

Together for Grenfell Project: The Together for Grenfell project began in April 2018 with the intention of providing emotional and mental well-being support to the Grenfell-effected community in Kensington and Chelsea at a grass-roots level. It has now been renewed until December 2024. Midaye provides both one-on-one support and peer support groups for clients. Prior to the pandemic, group meetings would often revolve around a communal activity such as gardening or cooking with empowerment, confidencebuilding and social network development as a primary objective. Peer support is a key part of this project and a number of groups

6

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

are delivered each week. One-on-one support takes the form of ongoing coaching and mentoring with community counselling

forming another key component.

This project was terminated in March 2025 after 7 years of successful and impactful delivery.

Journey of Hope: This significant project is funded by the Comic Relief Changemakers fund and has been a flagship project for us. Through it we are working to develop and evidence a community-based mental healthcare model that provides an effective pathway for delivering mental health support for BME communities focusing on women from the community, that speak English as an additional language. A large portion of this project is focused on effectively assessing our work and measuring its impact. Working closely with women from the community and taking the lead on developing mental health service that work well for them. We work with local partners, NHS Mental health service, as well as a number of grassroots community organisations to train and develop similar models of community led work. We have worked with hundreds of women over 2.5 years, refining our model and demonstrating the need for replicating this kind of work. We have also provided training to 18 other community organisations and worked closely with the NHS.

The Journey of Hope project officially came to an end in September 2024. However, Comic Relief have, much to our excitement, agreed to provide further funding for this work through their Winter Appeal fund. This has ensured that this work has been able to continue through to the end of this financial year and for a further 4 months into the new financial year.

Active & Connected: We applied to Sports England for funds to support our increasing focus on physical activity as a necessary and important aspect of personal health and wellbeing development (both physically and mentally) and received funds to provide a wide range of physical activities to girls and women for a year. These funds have supported walking groups, swimming, exercise classes and others and have allowed us to ensure that a much larger proportion of our regular service users are being supported to increase their weekly physical activity by an appreciable amount. This funding came to an end in July 2024 and we have sustained some ongoing work through service user contributions.

Westminster Healthy Communities: This project is designed to provide community-based health and wellbeing initiatives to residents of Westminster. We deliver support through group-based initiatives: providing information, peer-based change encouragement, and extensive community engagement.

Community Wellbeing: This new project is enabling us to focus on our new work in Brent, bringing support and connection to communities with significant levels of deprivation. Our work in Brent is now well established with a thriving peer support group and associated activities.

Health Advocacy: This is a BMEHF funded project to provide 100 service users a year with health and wellbeing support and to support them to lay complaints regarding their experiences with health services if they wish to do so. Due to end in September 2025.

Healthy Lifestyles: A recent project funded by BMEHF through their successful grant application to RBKC’s Public Health fund and aimed at empowering individuals to make sustainable healthy lifestyle changes particularly focused on weight loss, increases in physical activity and changes to diet. Due to end in December 2025.

My Care My Way: The last of the BMEHF funded activities which requires us to provide one-to-one support for local residents requiring befriending, emotional and practical support and who are referred through the My Care MY Way system. Our participation in this work ended in March 2025.

7

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

DEVELOPMENT & EDUCATION PROJECTS

Young People & Education Support: We work closely with social services and Early Help to provide holistic support to families with school-aged children. Our support enables parents to have a better understanding of the British education system, and helps them improve their relationship with their children’s schools and teachers. We also provide direct support to young people with physical activities, peer support groups, mentoring and experiences. Both BBC Children in Need and the John Lyons Charity provide funding for this group of projects.

Supplementary School: Midaye’s Supplementary School was initiated in 2002, to create an environment of education support for children and families facing great difficulties in understanding and integrating with the British education system due to language and cultural barriers. Feedback from parents indicate that children love attending the school and that it has had a significant impact on the children’s education experience, their grades and quality of school work, and their confidence. Funding from BBC Children in Need has enabled this work to continue in White City.

We reach and actively support over 45 children between the ages of 6 and 17 on a weekly basis. We also offer training to teachers and volunteers to ensure our ethos of effective teaching is met. In addition, we deliver more classes and sessions to ensure that we meet the educational support needs of children from the school.

MISCELLANEOUS FUNDING

– Core funding Tudor Trust, Henry Smith, CAF (Keystone): We continued to receive core funding from these three organisations. Core funding enables us to provide the support and management that our work requires. The CAY (Keystone) grant came to an end in July 2024 and the Henry Smith fund ended in December 2024 with a one year extension offered and accepted. We are exceptionally grateful for the flexibility and impact of this funding.

Financial Review

For the year ended 31 March 2025 the charity had total incoming resources of £786,336 (2024: £838,876) and total resources expended of £861,952 (2024: £1,031,179), resulting in a net deficit in funds for the year of £75,616 (2024: £192,303 deficit).

The restricted fund balance was in surplus at 31 March 2025 of £54,489 (2024: £58,442 surplus).

The unrestricted fund balance was in surplus at 31 March 2025 in the amount of £68,917 (2024: £140,580 surplus. There was a shortfall of free reserves below the target at 31 March 2025 of £51,083 (2024: £20,580 surplus).

The Trustees are confident that they will be able to continue sourcing funds to support their work in the coming year, and manage costs to ensure that free reserves are restored to the target level.

Reserves Policy

It is the charity's policy to hold reserves to ensure it can meet its operational and project financial liabilities for a period of at least three months, without obtaining additional funding.

The current reserves policy is formally reviewed and monitored by the trustees at its annual trustee meeting to ensure the policy still achieves the required levels of financial cover.

The reserves target will be reviewed and adjusted in response to internal and external changes. The target minimum is equal to three months of average operating costs.

8

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

The calculation of average monthly operating costs includes all recurring, predictable expanses such as salaries and benefits, occupancy, office and programme expenses. Depreciation and other non-cash expenses are not included in the calculation. The amount of the reserves target will be calculated each year after approval of the annual budget, reported to the Board of Trustees and included in the annual financial statements. Reserves will be funded and available in cash or cash equivalent funds.

The target for the year ended 31 March 2025 was £120,000.

Principal Risks and Uncertainties

The Charity's continued operation relies on securing future grant funding and government contracts, with a substantial portion of income from fixed-term grants that are not guaranteed to be renewed or extended. In recent years, despite extensive efforts, the Charity has found it increasingly difficult to replace grants which have ended with other income sources. The result has been a yearon-year decrease in income compared to the 2023/2024 financial year and an even larger decrease expected in the coming financial year. The Trustees have conducted detailed financial analysis, including worst-case scenario planning. To mitigate this risk, they have identified actions such as:

The Trustees continue to monitor the Charity’s financial position closely and remain focused on maintaining financial sustainability while exploring opportunities to diversify future funding sources.

Independent Examiner

The Independent Examiner, Chris Lowry, was appointed on 1 December 2025.

Disclosure of information to the Independent Examiner

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the examination, but of which the examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information

The Trustees' report was approved by the Board of Trustees

………………………………………………………..

Mr Mazamed Cabdi Yusuf

27 January 2026 Dated ………………………………………………

9

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees, who are also the directors of Midaye Somali Development Network for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees confirms that:

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act.

The Trustees are responsible for the maintenance and integrity of financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

10

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

INDEPENDENT EXAMINER’S REPORT

TO THE MEMBERS OF MIDAYE SOMALI DEVELOPMENT NETWORK

I report on the financial statements of the Midaye Somali Development Network, which are set out on pages 12 to 28.

Respective responsibilities of trustees and examiner

The trustees, who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

27 January 2026 Chris Lowry FCA

Rock Tax and Accounting Elm House, Tanshire Park Shackleford Road Elstead, Godalming Surrey, GU8 6LB

11

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account)

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income
from:
Grants and
donations
2
Interest income
Total income
Expenditure on:
Charitable activities
3
Governance costs
Total expenditure
Net expenditure for the
year
4
Reconciliation of
funds
Total funds brought
forward
Total funds carried
forward		 Restricted
£
689,669
-
689,669
693,622
-
693,622
(3,953)
58,442
54,489		 Unrestricted
£
92,840
3,827
96,667
164,550
3,780
168,330
(71,663)
140,580
68,917		 2025
Total
£
782,509
3,827
786,336
858,172
3,780
861,952
(75,616)
199,022
123,406		 Restricted
£
742,328
-
742,328
802,391
-
802,391
(60,063)
118,505
58,442		 Unrestricted
£
87,915
8,633
96,548
225,638
3,150
228,788
(132,240)
272,820
140,580		 2024
Total
£
830,243
8,633
838,876
1,028,029
3,150
1,031,179
(192,303)
391,325
199,022

All of the above results are derived from continuing activities. There were no recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 11 to the financial statements.

12

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

Note
Fixed assets
Tangible fixed assets
7
Current assets
Debtors and accrued revenue
8
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
9
Net current assets
Net assets
The funds of the charity
Restricted funds
Unrestricted funds
General funds
Total charity funds
11		 £
37,331
214,601
251,932
137,442		 2025
£
8,916
114,490
123,406
54,489
68,917
123,406		 2024
£
12,893
150,415
275,014
425,429
239,300
186,129
199,022
58,442
140,580
199,022

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Approved by the Board on ____ and signed on their behalf by: 27 January 2026

Cabdi Mazamed Yusuf

Chair

13

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Cash flows from operating activities
Net expenditure for the year
(as per the statement of financial activities)
Adjustments for:
Interest
receivable
Depreciation of fixed assets
Decrease in debtors
(Decrease)/increase in creditors
Net cash used in operating activities
Cash flows from investing activities
Purchase of fixed assets
Interest received
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 April 2024
Cash and cash equivalents at 31 March 2025		 2025
£
(75,616)
(3,827)
3,977
113,084
(101,858)
(64,240)
-
3,827
(60,413)
275,014
214,601		 2024
£
(192,303)
(8,633)
4,747
20,532
42,741
(132,916)
(6,529)
8,633
(130,812)
405,826
275,014

14

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

In accordance with the SORP, grants received in advance and specified by the donor as relating to a specific accounting period or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts.

Plant and machinery

25% pa straight line

15

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Grants and donations

Received from

Received from
Project
Restricted:
BBC Children in Need
Educational Outreach
The BME Health Forum
Health support with Comic Relief
CAF Keystone Fund
Core funding
City of Westminster - Global Majority
Enable: Family wellbeing
City of Westminster
Advice and information
City of Westminster
Healthy communities
Comic Relief Changemakers
Journey of Hope
Henry Smith
Core funding
John Lyon's Charity
Young People education and support
LB of Hammersmith and Fulham
FGM Advocacy
Masonic Charitable Foundation
Refresh: A BME 50+ support project
MOPAC VRU
Summer activities 2024
P&ACT EHP Partnership
Violence Against Women & Girls
RB of Kensington & Chelsea
FGM Advocacy
RB of Kensington & Chelsea
Voluntary Sector Support Fund
RB of Kensington & Chelsea
Parent & Carer Champions
RB of Kensington & Chelsea
Together for Grenfell
Sports England
Active and connected
The BME Health Forum
Healthy Lifestyles
The Mercers' Company
Community wellbeing
Trusthouse Charitable Foundation
Expanded family Wellbeing Service
Donations
Unrestricted:
Imperial College Health Charity
Health Gateway (see note below)
OpenAge
Digital inclusion support
The BME Health Forum
Community Living Well
The BME Health Forum
Health advocacy
The BME Health Forum
My Care My Way
The Tudor Trust
Core funding
Donations		 £
13,885
7,540
13,383
20,000
43,024
39,200
102,374
61,325
31,250
20,000
29,442
34,824
40,853
41,200
57,600
22,800
39,504
5,450
10,368
38,957
10,420
6,270
2,000
14,586
3,260
21,500
960
50,000
534
782,509

Note: Imperial College grant was written off in the prior year as irrecoverable. This was settled in September 2024.

16

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3a Analysis of expenditure (current year)

Staff costs
Activity expenses
Independent examination
Overhead costs
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024		 Charitable
activities
£
379,502
221,606
-
-
601,108
257,064
3,780
861,952
1,031,179		 Governance
costs
£
-
-
3,780
-
3,780
-
(3,780)
-
-		 Support
costs
£
179,438
-
-
77,626
257,064
(257,064)
-
-		 2025
Total
£
558,940
221,606
3,780
77,626
861,952
-
-
861,952		 2024
Total
£
624,449
321,635
3,150
81,945
1,031,179
-
-
1,031,179

3b Analysis of expenditure (prior year)

Staff costs
Activity expenses
Independent examination
Overhead costs
Support costs
Governance costs
Total expenditure 2024		 Charitable
activities
£
455,653
321,635
-
-
777,288
250,741
3,150
1,031,179		 Governance
costs
£
-
-
3,150
-
3,150
-
(3,150)
-		 Support
costs
£
168,796
-
-
81,945
250,741
(250,741)
-
-		 2024
Total
£
624,449
321,635
3,150
81,945
1,031,179
-
-
1,031,179

17

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. Net incoming resources for the year

This is stated after charging:

2025 2024
£ £
Depreciation
owned by the charity 3,977 4,747
Independent Examiner's Fee (excluding VAT)
Independent Examination 3,150 3,000
Operating lease rentals:
property 8,510 8,510

No Directors received any remuneration or reimbursement for expenses incurred in behalf of the charity during the period.

5. Staff costs and numbers

Staff costs were as follows:

2025
£
Wages and salaries
518,197
Employer's pension contributions
9,038
Employer's National Insurance
31,705
558,940
The number of employees whose emoluments were in excess of £60,000 for the year were:
2025
No.
-
The average weekly number of employees (full-time equivalent) during the year was as follows:
2025
No.
16		 2024
£
582,069
9,615
32,765
624,449
2024
No.
-
2024
No.
17

6. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

18

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7. Tangible fixed assets

Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year
8.
Debtors and accrued revenue
Trade debtors
Accrued revenue
Prepayments
Sundry debtors
9.
Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Deferred income		 2025
£
20,427
14,677
1,102
1,125
37,331
2025
£
15,743
8,812
6,090
106,797
137,442		 Plant and
machinery
£
33,140
-
33,140
20,247
3,977
24,224
8,916
12,893
2024
£
136,537
7,125
4,053
2,700
150,415
2024
£
5,384
10,878
8,739
214,299
239,300

19

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10a
Analysis of net assets between funds - current year
Tangible fixed assets
Current assets
Creditors due within 1 year
Net assets at the end of the year
10b
Analysis of net assets between funds - prior year
Tangible fixed assets
Current assets
Creditors due within 1 year
Net assets at the end of the year		 Restricted
funds
£
-
165,514
(111,025)
54,489
Restricted
funds
£
-
279,233
(220,791)
58,442		 General
funds
£
8,916
86,418
(26,417)
68,917
General
funds
£
12,893
146,196
(18,509)
140,580		 Total
funds
£
8,916
251,932
(137,442)
123,406
Total
funds
£
12,893
425,429
(239,300)
199,022

20

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11a. Movements in funds (current year)

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

At the At the
start of Incoming Outgoing end of the
the year resources resources Transfers year
£ £ £ £ £
Restricted funds:
BBC Children in Need
- Educational Outreach - 13,885 (13,885) - -
CAF Keystone Fund - core funding - 13,383 (13,383) - -
City of Westminster
- Healthy Communities - 39,200 (39,200) - -
City of Westminster Golbal Majority
- Enable: Family Wellbeing - 20,000 (20,000) - -
City of Westminster
- Advice and Information Service - 43,024 (43,024) - -
Comic Relief - Changemaker fund 4,595 77,374 (81,969) - -
Comic Relief - Winter appeal - 25,000 (25,000) - -
Henry Smith - core funding - 61,325 (61,325) - -
John Lyons Charity - Young People
Education and Support - 31,250 (30,861) - 389
LB Hammersmith & Fulham
- FGM Advocacy - 20,000 (20,000) - -
Lloyds Bank Foundation
- Drop in improvement 4,902 - - - 4,902
Masonic Charitable Foundation
- Refresh: A BME 50+ Support - 29,442 (29,329) - 113
project
MOPAC VRU - Summer activities 2024 - 41,094 (41,094) - -
P&ACT EHP Partnership - Violence
Against Women & Girls 398 40,853 (40,971) - 280
RB of Kensington & Chelsea
- FGM Advocacy - 41,200 (41,200) - -
RB of Kensington & Chelsea
- Parent & Carer Champions - 22,800 (22,800) - -

21

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11a.
Restricted funds (continued):
RB of Kensington & Chelsea
- Together for Grenfell
RB of Kensington & Chelsea
- Voluntary Sector Support Fund -
Advice and Information Service
Sports England
- Active and Connected
The BME Health Forum
- Comic Relief - Health Support
The BME Health Forum
- Healthy Lifestyles
The Mercers' Company
- Community Wellbeing
The Trusthouse Charitable Foundation
- Expanded Family Wellbeing Service
The International Fund
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
Total funds		 At the
start of
the year
£
-
-
-
-
-
-
-
48,547
58,442
140,580
140,580
199,022		 Incoming
resources
£
39,504
57,600
5,450
7,540
10,368
38,957
10,420
-
689,669
96,667
96,667
786,336		 Outgoing
resources
£
(39,504)
(57,600)
(5,450)
(7,540)
(10,368)
(38,699)
(10,420)
-
(693,622)
(168,330)
(168,330)
(861,952)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-		 At the
end of the
year
£
-
-
-
-
-
258
-
48,547
54,489
68,917
68,917
123,406

22

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11a. Restricted funds (continued):

Aim and use of restricted funds

BBC Children in Need - Educational Outreach

1 September 2021 to 30 August 2024

Providing support to families with school age children by providing tutoring support and facilitating and improving the parent/school relationship and home support.

- CAF Keystone core funding

1 August 2023 - 31 July 2024 Contribution to core costs.

- City of Westminster Healthy Communities

1 January 2024 - 31 December 2026

Providing community based health and wellbeing initiatives to residents of Westminster.

1 June 2024 - 31 March 2025

Working to empower local Westminster residents from global majority communities to enable them to provide better health and wellbeing information to their neighbours and communities.

City of Westminster -Advice and Information

1 May 2023 to 30 April 2025

Providing general advice & information to local Somali residents living in the City of Westminster.

Comic Relief - Changemakers Fund - Journey of Hope

1 September 2021 to 31 August 2024

A three-year project to develop and evidence a community-based mental healthcare model that provides an effective pathway for delivering mental health support for BME communities that speak English as an additional language.

Comic Relief - Winter Appeal - Journey of Hope

1 September 2024 to 31 August 2025

Continuation funding for the Journey of Hope project which had been funded by Comic Relief's Changemaker fund to develop and evidence a community-based mental healthcare model that provides an effective pathway for delivering mental health support for BME communities that speak English as an additional language.

- Henry Smith core funding

1 January 2022 to 31 December 2024

Providing funds for management salaries to ensure the healthy and proactive development and growth of the organisation.

' - John Lyon s Charity Young People Education and Support

1 January 2023 to 31 December 2026

Providing support for young people in West London in their education and personal development. This includes direct education support, mental and emotional wellbeing support, mentoring and peer support.

23

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11a. Restricted funds (continued):

LB Hammersmith & Fulham - FGM Advocacy

1 April 2018 - 31 March 2024

Providing direct support and advocacy for women who have been victims of FGM and who are needing support in appointments with health care professionals and through maternity. We also provide information and awareness sessions and host community dialogue on the issue.

1 September 2019 to 31 March 2020

Funds to improve the quality of Midaye's advice and information service.

Masonic Charitable Foundation - Refresh: a BME 50+ Support project

1 September 2023 to 31 August 2025

Aimed at supporting elderly community members by providing them with support to break isolation and empower them to participate in an active daily life.

MOPAC VRU - Summer activities 2024

1 July 2024 - 30 November 2024

Provision of training for local residents who struggle to provide their children with suitable care and engagement during school holidays to demonstrate how they can work together and organise positive and engaging activities for their children. Training included the provision of actual activities for parents and their children to participate in.

- P&ACT EHP Partnership Violence Against Women & Girls Project

1 January 2020 to 31 March 2027

A London-wide partnership project to provide support to victims of Violence Against Women & Girls and survivors of FGM.

- RB of Kensington & Chelsea FGM Advocacy

1 April 2018 - 31 March 2027

Providing direct support and advocacy for women who have been victims of FGM and who are needing support in appointments with health care professionals and through maternity. We also provide information and awareness sessions and host community dialogue on the issue.

- RB of Kensington & Chelsea Parent and Carer Champions

1 December 2021 - 31 March 2026

Provide training and commissioning for volunteers who will act as Parent & Carer Champions to help drive a community-based initiative to respond to and counteract youth crime and violence

- RB of Kensington & Chelsea Together for Grenfell

1 April 2018 - 31 March 2025

Providing wellbeing support including emotional and mental wellbeing and counselling to local residents who were impacted by the Grenfell fire.

24

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11a. Restricted funds (continued):

RB of Kensington & Chelsea - Voluntary Sector Support Fund - Advice and Information Service

1 October 2021 to 31 March 2027

Supporting elders, vulnerable adults and carers living in RBKC to reduce isolation and improve activity levels.

Sports England - Active and Connected

1 October 2022 to 30 September 2024

Providing physical activity support and engagement to local BME women who do not speak English as a first language, encouraging the uptake of regular physical activity and increasing the amount of time per week spent on physical activity.

The BME Health Forum - Health Support with Comic Relief

1 April 2023 - 31 March 2025

A combined project with other local organisations, overseen by the BME Health Forum, to provide emotional wellbeing support to those struggling with the Cost of Living crisis.

The BME Health Forum - Healthy Lifestyles

10 December 2024 - 30 December 2025

A combined project with other local organisations, overseen by the BME Health Forum, to helps people from Global Majority (BME) communities to make sustainable healthy lifestyle changes.

The Mercers' Company - Community Wellbeing

1 March 2024 - 28 February 2027

A project to expand wellbeing support to local areas currently lacking this type of service.

The Trusthouse Charitable Foundation - Expanded Family Wellbeing service

1 July 2021 to 30 June

2024

Offering intensive wrap-around support for BME families with English as a second language. This expanded service enables us to offer direct interventions to young people, football and emotional wellbeing support to families outside RBKC.

The International Fund

Funds set aside for future work in Somalia.

25

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11b. Movements in funds (prior year)

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

At the At the end
start of Incoming Outgoing of the
the year resources resources Transfers year
£ £ £ £ £
Restricted funds:
BBC Children in Need
- Educational Outreach - 35,186 (35,186) - -
CAF Keystone Fund - core funding - 16,667 (16,667) - -
City of Westminster -
- Healthy communities - 10,050 (10,050) - -
City of Westminster -
- Advice and information - 38,980 (38,980) - -
Comic Relief - Journey of Hope 16,573 163,701 (175,679) - 4,595
Henry Smith - core funding - 45,375 (45,375) - -
John Lyons Charity - Young People -
education and support 18 31,269 (31,287) - -
LB Hammersmith & Fulham -
- FGM Advocacy - 20,000 (20,000) - -
Lloyds Bank Foundation -
- Drop in improvement 4,902 - - - 4,902
Masonic Charitable Foundation -
- Refresh: A BME 50+ Support - 16236 -16236 - -
project
MOPAC VRU - Parent & -
Carer Wellbeing Support 11,392 78,000 (89,392) - -
P&ACT EHP Partnership - Violence -
Against Women & Girls 16,552 41,251 (57,405) - 398
RB of Kensington & Chelsea -
- FGM Advocacy - 40,600 (40,600) - -
RB of Kensington & Chelsea -
- Parent & Carer Champions 10,754 22,800 (33,554) - -
RB of Kensington & Chelsea
- Together for Grenfell 6,248 39,503 (45,751) - -
RB of Kensington & Chelsea -
- Voluntary Sector Support Fund - 90,000 (90,000) - -
Advice and Information Service
Sports England -
- Active and Connected 1,345 9,618 (10,963) - -

26

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11b.
Restricted funds (continued):
The BME Health Forum
- Comic Relief - Health support
The Mercers' Company
- community wellbeing
The Trusthouse Charitable Foundation
- Expanded Family Wellbeing service
The International Fund
Total restricted funds
11b.
Unrestricted funds:
Designated funds :
Business development fund
Total designated funds
General funds
Total unrestricted funds
Total funds		 At the
start of
the year
£
-
-
-
2,424
48,297
118,505
85,000
85,000
187,820
272,820
391,325		 Incoming
resources
£
6,110
3,246
33,486
250
742,328
-
-
96,549
96,549
838,877		 Outgoing
resources
£
(6,110)
(3,246)
(35,910)
-
(802,391)
-
-
(228,789)
(228,789)
(1,031,180)		 Transfers
£
-
-
-
-
-
(85,000)
(85,000)
85,000
-
-		 At the end
of the
year
£
-
-
-
-
-
-
48,547
58,442
-
-
140,580
140,580
199,022

12. Operating lease commitments

The charity had annual commitments at the year end under operating leases expiring as follows:

Land and buildings
Less than 1 year
Between 2 and 5 years		 2025
£
2,991
-
2,991		 2024
£
8,510
2,991
11,501

27

Docusign Envelope ID: EEC3783C-4D96-49B8-BB10-3EF0325C6B10

MIDAYE SOMALI DEVELOPMENT NETWORK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

13. Going Concern

The Trustees have assessed the appropriateness of the going concern basis of accounting and have considered events and conditions that may cast significant doubt on the Charity’s ability to continue as a going concern. This assessment covers a period of at least twelve months from the date of approval of the financial statements.

The Charity is dependent on future grant funding and has experienced difficulty in replacing expired grants, resulting in declining income and further reductions expected. The Trustees have prepared financial forecasts and identified mitigating actions, including cost controls, staffing restructuring where necessary and a recruitment freeze.

The Trustees believe these actions will enable the Charity to meet its liabilities as they fall due. However, uncertainty surrounding future funding represents a material uncertainty that may cast significant doubt on the Charity’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis and do not include adjustments that would be required if the Charity were unable to continue operating; if this were not the case, then the accounts would not materially differ from what is presented.

28