2024-06-30-accounts - Somali Parents Network

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REGISTERED COMPANY NUMBER: 08116226 (England and Wales)

REGISTERED CHARITY NUMBER: 1149416

Report of the Trustees and
Financial Statements for the Year Ended 30 June 2024
for
SOMALI PARENTS NETWORK LTD

Alabo Accountants
21 Anglesea Road
Woolwich
London
SE18 6EG

SOMALI PARENTS NETWORK LTD

Contents of the Financial Statements
for the Year Ended 30 June 2024

	`Page`
`Report of the Trustees`	`3 to 6`
`Independent Examiner's Report`	`7`
`Statement of Financial Activities`	`8`
`Balance Sheet`	`9 to 10`
`Notes to the Financial Statements`	`11om to 13`
`Detailed Statement of Financial`	`14`
`Activities`

SOMALI PARENTS NETWORK
(A Company Limited by Guarantee)

`TRUSTEES’ REPORT FOR THE YEAR ENDED 30 June 2024`

`Trustees`

Abdi Farah Chair
Essa Mohammed Secretary
Abdifatah Ismail Treasurer

`Independent examiner`

Alabo Accountants
21 Anglesea Road
Woolwich
London
SE18 6EG

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SOMALI PARENTS NETWORK LTD

`Report of the Trustees for the Year Ended 30 June 2024`

`Chair Report`

`Introduction`

The Somali Parents Network (SPN) remains steadfast in its commitment to fostering equality, inclusion, and access for disadvantaged communities. Over the past year, our organization has navigated challenges, celebrated successes, and reinforced our mission of improving social cohesion and service accessibility.

A significant milestone this year was receiving the prestigious Civic Award 2024 in the Community Category of the Royal Borough of Greenwich (RBG) on 7th March 2024 at Woolwich Town Hall. This recognition highlights our unwavering dedication to the social, economic, and physical well-being of the Greenwich Borough.

In alignment with the Third Sector Commissioning Framework 2023–2027 for Strategic Equalities, SPN continues to adapt to changing needs by reassessing its business strategies, enhancing service effectiveness, and maintaining strong partnerships with key stakeholders. We strive to provide meaningful support to Somali families while ensuring their active participation in local decision-making processes.

Key Achievements (July 1, 2023 - June 30, 2024)

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`1. Advancing Equality & Inclusion`

Diversity in Leadership: Actively participated in the G-HIVE Networking event and diversity and equality training sessions while strengthening representation in decisionmaking forums.
Staff Development: Ensured that 100% of staff and volunteers completed training by the Benefits Training Company, creating an inclusive and knowledgeable workforce.

`2. Improving Access to Services`

Support Services: Assisted individuals with welfare benefits, housing issues, and costof-living challenges through dedicated drop-in sessions and outreach programs.
Drop-in Sessions: Supported 100 clients with pressing issues such as housing repairs, universal credit migration, and emergency assistance needs.
Outreach Programs: Expanded services to over 50 marginalized individuals, including refugees, people with disabilities, and low-income families.

`3. Addressing the Needs of the Somali Community`

SPN has identified key challenges affecting the Somali community, including youth gang
involvement, social isolation, and employment barriers. Our focus areas include:

Tackling gang-related crime by addressing youth disengagement and improving relationships between young people and law enforcement agencies.
Supporting single parents, the elderly, and unemployed individuals through targeted initiatives and advocacy.
Bridging language barriers between Somali-speaking parents and their English-speaking children.
Enhancing cultural understanding between schools, mosques, and parents to provide consistent messaging and support.

`4. Community Engagement & Partnerships`

Collaborations: Partnered with five grassroots organizations, including Grip and METRO GAD, to co-design community-driven services.
Community Forums: Participated in key discussions, including the Homeless Forum and Greenwich Advisors Forum, to represent the Somali community in policy decisions.
Building Trust: Hosted meetings to foster better relationships between young people and law enforcement agencies.

`5. Advocacy & Policy Influence`

Healthcare Initiatives: Worked with the NHS through Healthier Greenwich Partnership meetings to address health disparities, including efforts to improve breast cancer screening rates among Somali women.
Local Authority Engagement: Participated in RBG budget consultations and vaccination awareness sessions for elderly Somali community members.

`Challenges & Lessons Learned`

While SPN has made commendable progress, challenges remain:

Funding Constraints: Limited financial resources have affected program expansion.

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Digital Exclusion: Many service users struggle with online access, requiring more digital literacy training.
Cultural Stigma: Tailored engagement strategies are essential to overcoming cultural sensitivities in healthcare and social support services.

`Future Goals (2024-2025)`

1. to provide training and resources for low-income families. We have worked with the Jobcentre to offer additional support and resources

2. Strengthen partnerships with schools and employers to create greater opportunities for marginalized youth.

3. Advocate for national policy changes to improve affordable housing and equitable healthcare access.

4. Enhance fundraising efforts to increase financial independence and ensure sustainable service delivery.

`Partnerships & Acknowledgments`

At the core of SPN’s work is the principle of partnership, and we collaborate with numerous
organizations, including:

Greenwich Carers Project
Somali Care Project
Greenwich Islamic Centre
Oasis Care and Training Agency
Neighbourhood Police
Her Centre & Women Aid
Brookhill Children Centre
Metro-Gavs

We extend our heartfelt gratitude to our volunteers, donors, staff, and community partners.
Your unwavering support drives our mission forward, ensuring that no one in our community is
left behind.

`Conclusion`

The Somali Parents Network remains dedicated to building an inclusive society and empowering
Somali families through advocacy, direct support, and strategic partnerships. The coming year
presents opportunities to expand our impact, strengthen our service delivery, and enhance
community engagement. Together, we will continue working towards a more cohesive, integrated,
and empowered community.

Thank you for your continued support and commitment to our shared vision.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`

08116226 (England and Wales)

`Registered Charity number`

`Registered office`

131A Kingsman Street
Woolwich
London
SE18 5PS

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Mr Abdi Farah  - Chair ............................

10/03/2025
Date: .............................................

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`Independent Examiner's Report to the Trustees of SOMALI PARENTS NETWORK LTD`

I report on the accounts for the Year Ended 30 June 2024 set out on pages seven to
twelve.

`Respective responsibilities of trustees and examiner`

The charity's trustees (who are also the directors for the purposes of company law)
are responsible for the preparation of the accounts. The charity's 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 required.

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:

examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.

`Basis of the independent examiner's report`

My examination was carried out in accordance with the 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 you as 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
statements below.

`Independent examiner's statement`

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

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Alabo Accountants
21 Anglesea Road
Woolwich
London
SE18 6EG
DA1 2AG

10/03/2025
Date: .............................................

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SOMALI PARENTS NETWORK LTD

Statement of Financial Activities
for the Year Ended 30 June 2024

				`2024`	`2023`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`fund`	`fund`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`INCOMING RESOURCES`
`Incoming resources from`
`generated funds`
`Voluntary income`		`6,000`		`6,000`	`22,528`
`Incoming resources from`
`charitable activities`			`37,000`	`37,000`	`10,525`
`Charitable activity`					`-`
					`-`
`Total incoming resources`		`6,000`	`37,000`	`43,000`	`33,053`
`RESOURCES EXPENDED`
`Charitable activities`
`Charitable activity`			`25,498`	`25,498`	`19,924`
`Support Cost`		`1,068`	`13,934`	`15,002`	`7,347`
`Governance costs`					`-`
`Total resources expended`		`1,068`	`39,432`	`40,500`	`27,271`
`NET INCOMING/(OUTGOING)`
`RESOURCES`		`4,932`	`(2,432)`	`2,500`	`5,782`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`9,616`		`9,616`	`3,834`
`TOTAL FUNDS CARRIED FORWARD`		`14,548`	`(2,432)`	`12,116`	`9,616`

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SOMALI PARENTS NETWORK LTD

`Balance Sheet At 30 June 2024`

					`2024`	`2023`
			`Unrestricted`	`Restricted`	`Total`	`Total`
			`fund`	`fund`	`funds`	`funds`
	`Notes`		`£`	`£`	`£`	`£`
`FIXED ASSETS`
`Tangible assets`		`5`	`6,175`		`6,175`	`5,764`
`CURRENT ASSETS`
`Debtors`		`6`	`3,650`		`3,650`	`40`
`Cash at bank and in hand`			`2,623`		`2,623`	`6,195`
			`6,273`	`0`	`6,273`	`6,235`
`CREDITORS`
`Amounts falling due within`
`one year`
		`7`	`(332)`		`(332)`	`(2,383)`
`NET CURRENT ASSETS`			`5,941`	`0`	`5,941`	`3,852`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`
			`12,116`	`0`	`12,116`	`9,616`
`NET ASSETS`			`12,116`	`0`	`12,116`	`9,616`
`FUNDS`		`8`
`Unrestricted funds`					`12,116`	`7,183`
`Restricted funds`					`0`	`2,433`
`TOTAL FUNDS`					`12,116`	`9,616`

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`SOMALI PARENTS NETWORK LTD`

`Balance Sheet - continued`

At 30 June 2024

The charitable company is entitled to exemption from audit under Section 477 of the
Companies Act 2006 for the Year Ended 30 June 2024.

The members have not required the charitable company to obtain an audit of its
financial statements for the Year Ended 30 June 2024 in accordance with Section 476
of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a ensuring that the charitable company keeps accounting records that comply with ) Sections 386 and 387 of the Companies Act 2006 and
(b preparing financial statements which give a true and fair view of the state of ) affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special
provisions of Part 15 of the Companies Act 2006 relating to small charitable companies
and with the Financial Reporting Standard for Smaller Entities (effective April
2008).

The financial statements were approved by the Board of Trustees on
............................................. and were signed on its behalf by:

.............................................
Mr A Farah -Chair

10/03/2025
Date: .......................................

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SOMALI PARENTS NETWORK LTD

Notes to the Financial Statements
for the Year Ended 30 June 2024

`1. ACCOUNTING POLICIES`

`Accounting convention`

The financial statements have been prepared under the historical cost
convention, and in accordance with the Financial Reporting Standard for Smaller
Entities (effective April 2008), the Companies Act 2006 and the requirements
of the Statement of Recommended Practice, Accounting and Reporting by Charities.

`Incoming resources`

All incoming resources are included on the Statement of Financial Activities
when the charity is legally entitled to the income and the amount can be
quantified with reasonable accuracy.

`Resources expended`

Expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all cost related to the category. Where costs cannot
be directly attributed to particular headings they have been allocated to
activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Depreciation is provided at the following annual rates in order to write off
each asset over its estimated useful life.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at
the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the
objects of the charity.  Restrictions arise when specified by the donor or when
funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the
notes to the financial statements.

`2. NET INCOMING/(OUTGOING) RESOURCES`

Net resources are stated after charging/(crediting):

	`2024`	`2023`
	`£`	`£`
`Depreciation - owned assets`	`1,356`	`1,265`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees' remuneration or other benefits for the year 2022 nor
for the Year Ended 30 June 2024.

`Trustees' expenses`

There were no trustees' expenses paid for the year 2022 nor for the Year Ended
30 June 2024.

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SOMALI PARENTS NETWORK LTD

`Notes to the Financial Statements - continued for the Year 2024`

`4. STAFF COSTS`

`Wages and salaries` `Social security costs` `The average monthly number of employees during the year was` `No employees received emoluments in excess of £60,000.` `5.` `TANGIBLE FIXED ASSETS` `COST` `At 1 July 2023 and 30 June 2024` `Additions` `DEPRECIATION` `At 1 July 2023` `Charge for year` `At 30 June 2024` `NET BOOK VALUE` `At 30 June 2024` `At 30 June 2023` `6.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Other debtors` `7.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade creditors` `Taxation and social security` `Other creditors`	`2024` `2023` `£` `£` `25,498` `19,924` `1,430` `817` `26,928` `20,741` `as follows:` `2024` `2023` `2` `2` `Plant and` `machinery` `etc` `£` `10,979` `1,766` `12745` `5,215` `1,355` `6,570` `6,175` `5,764` `2024` `2023` `£` `£` `3,650` `40` `2024` `2023` `£` `£` `-` `-` `-` `-` `332` `2,383`	`2024` `2023` `£` `£` `25,498` `19,924` `1,430` `817` `26,928` `20,741` `as follows:` `2024` `2023` `2` `2` `Plant and` `machinery` `etc` `£` `10,979` `1,766` `12745` `5,215` `1,355` `6,570` `6,175` `5,764` `2024` `2023` `£` `£` `3,650` `40` `2024` `2023` `£` `£` `-` `-` `-` `-` `332` `2,383`

		`12745` `5,215` `1,355` `6,570` `6,175` `5,764` `2023` `£` `40` `2023` `£` `-` `-` `2,383`

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SOMALI PARENTS NETWORK LTD

`Notes to the Financial Statements - continued for the Year2024`

`8. MOVEMENT IN FUNDS`

`At` `Unrestricted funds` `General fund` `Restricted funds` `TOTAL FUNDS`	`1/7/23` `Net` `movement` `in funds` `At 30/6/24` `£` `£` `£` `3,350` `(850)` `2,500` `2,433` `(2,433)` `-` `5,783` `3,283` `2,500`

Net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`6,000`	`(1,068)`	`4,932`
`Council of Somali Organisations`	`-`	`-`	`-`
`Restricted funds`
`Royal Borough of Greenwich`	`37,000`	`(39,432)`	`(2,433)`
`TOTAL FUNDS`	`43,000`	`(40,500)`	`2,500`

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SOMALI PARENTS NETWORK LTD

`Detailed Statement of Financial Activities for the Year 2024`

`INCOMING RESOURCES` `Voluntary income` `Donations` `Incoming resources from charitable activities` `Grants` `Total incoming resources` `RESOURCES EXPENDED` `Governance costs` `Accountancy` `Legal and professional fees` `Support costs` `Management` `Wages` `Social security` `Rent, Rates and water` `Insurance` `Telephone` `Printing & Postage &stationery` `Sundries` `Cleaning` `Computer and software costs` `Repairs and Maintenance` `Health and Safety Costs` `Staff Training and welfare` `Bank Charges` `Depreciation` `Other` `Computer equipment` `Total resources expended`	`2024` `£` `6,000` `37,000` `43,000` `1,500` `-` `1,500` `25,498` `1,430` `4,500` `542` `2,347` `1,248` `-` `23` `194` `234` `1,047` `-` `450` `1,356` `38,869` `131` `39,000`	`2023` `£` `22,528` `10,525`
		`33,053` `1,500` `-`
		`1,500` `19,924` `817` `444` `1,943` `248` `-` `-` `134` `-` `239` `-` `625` `1,265`
		`25,639` `131`
		`25,770`

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Net income 2,500 5,783 16 1 Page