SOMALI BANADtR ASSOCIATION IN UK 16B BIRNAM ROAD LOIWON N43 CILARITY NO. 1149719 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
MALI BANADtR ASSOCIATION IN UK LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES: Mr HsAn Abuukar {Chair) Mr Ali Nur Osman Mr Mohamed Abukar SECRETARY: Mr Ali Nur Osman CHARITY NUMBER: 1149719 BANKKRS: HSBC BANK PLC (LION HOUSE) ISLGToN HtGH STREET LONtK)N NI 9LJ ACCOUNTAPaS: DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL LON5ULTANTS UNIT 209 TlJt)ORLEAf BUSINESS CENTRE. 2-8 >OUNTAYNE ROAD. LONDON NI54QL corirENT: l. Trustees, Report 2. Statement of Financial Acttvtties 3. Balance Sheet 4. Notes to the Accounts
SOMALI BANADIR ASSOCIATION IN UK TRUSTEES, REPORT Th¢ TnLStee5 have pLeUre in submitting their report and ¢lts foryear ended 31st March 2023 The financial stateFnents have been prepared in a¢¢ordance with aceounting policies set out on page 5 and comply with the Statement of Recommended Practice (SORP) and the applicable law. ESTABLISHMENT OF THE ASSOCIATION Soma]i Banadir Association in UK (SBAUK) was founded on 22nd Novemr 201 l and ¢stslished as Islami¢ Welfar¢ A$so¢iation Daara'ri'aaya for catering for the need of young people who are starving during and after th¢ political crises of Somalia. NSTITUTION OBJECTIVES AND ORGANIS Tl TRUCTURE The trustees made all the decision5 regarding allocation of fvnds and activities. The Board of tn]stees are comprised of the Chaiman. Secretary of the Association. and the Treasurer. The charity is independently constituted under a Constitution adoptcd on 2nd Octobei 2012 and is UK registered Charity number 1149719 on the Central Register of the Charity Commission for England and Wales. The objectives of the charity as set out tn the Constitution are- (a) to promote any charitable purpose5 for benefit of the Somali Banadir Community especially (but not ex¢lusiv¢ly) for young people in the United Kingdom and the world at large. {b) to reliev¢ poverty and persons in condition of b)ains. hardship or are aged and Jor sick. (¢} the advancernent of education and the promotion of health and w¢ll-beiTtg of the community. (d) to improve the conditions and quality of life of the mernbers of the community. improve th¢ir physi] welfare so that they may grow to fulfil their potentials in the Community. The Somali Banadir Association in UK (SBAUKI was involved in educational improvement activities designed to increase members, awareness of th¢ opportunities available in education. These ouirthch activities are organi5ed locally in London and other n1 cities in th¢ United Kingdom. HIEVEMENIS AND PERFORMANCE The prin¢ipal a¢tivities of the Charity during the period under review are Education, Etncrgen¢y Reliefs and employment creation. The BARRujINyA BAHWEYKfA BANAADIR UK organised some meetings and ev¢nÉ5 where issues affecting the comrnunity members are discussed wÈth solutions. Somali Banadir Association in UK are ¢urrently engaged in emergency relief efforts and Small S¢ale development proj¢¢ts undertaken in Somalia for the support and welfare of the helpless and wgr vi¢tims. Relief efforts and w¢lfar¢ undertaken in Stsmalia in¢ludes support for the poor families, basic ¢du¢ational support for the children and supplies of educational resources for the needy. The long terni goal of the Solnali BanadiT Community is to enable the poor and the needy people to be¢om¢ economically self-relianÈ. politi¢E411y exposed and educationlY enhan¢ed.
SOMALI BANADIR ASSOCIATION IP4 UK TRUSTEES, REPORT CONTINUED PUBLIC BENEFIT REPORTING The trustee5 of the Somali Banadir Association paid due r¢gard to the Charity CoTntnission'5 guidance on public ber]efit and members of the public are not restricted from benefitting through the following charitable activities. Public CouDsellin The Somali elders and professionals in Banadir Association are well infornied and committed to enabling the community in London and rest of UK to benefst frotn public counselling of the Somali virtues and cultural heritage. Thts is achieved through periodic counselling services available to any member ofthe public including old people, singi¢ par¢nts and the hop¢l¢ss. b Youth devtlo ment Youth development activitses are undertaken by using Somalia culturai heritage and Societal values to raise public awareness in irnproving their morality, education and wellbeing in the society. The A550viation supports the young people to oryanise rrips to hsstorscal aJ)d educaiional centres and etTortg ate geared to bring offending and socially-displaced youth back to normal life and made them returned into their educational pursuÈts. Sporting and re¢reatÈonal actLVities are also Organis for the young people for their personal physical fitthess and career deyeltspment. Rl The Trnstees have assessed the Major risks to which the Association is exposed particularly those rtlating to the operdtions and finance and are Satisfied with the risk management systems in pla¢¢ to mitiwe the risk exposure to the Association. RLVIEW (TrF'fHTr. FIYANC.IAL POSITION The net incoming resource$ for the year amounted to a surplus fvnd of £6.475 and all of which are set against the unrestricted r¢s¢rves of the charity. FUTURE DEVELOPMENT PLANS The current year 2024 and 2025 will see a continued emphasis on achieving the main charitable objects of ihe Association. Th¢r¢ are ¢on¢luded plans of the tNste¢s to-. (a) Secure new Tneettng venues where additional welfar¢ a¢tivities can be organised, (b) Improve on the membership strength of the Association by ¢oordinating more charitable activities (¢} Inaugurate more bran¢es in the major Cities of UK during year5 2024 and 2025.
MALI B ADIR ss TRUSTEES, REPORT IAT ONINUK CONTINUED BOARD OF TRUSTEES The membeFS of the board of trnstees who sejved durin8 the financial period were '. Mr Hass2ll Abuukar (Chair) Mr Ali Nur Osman Mr Mohamed Abukar APPROVAL This report wa5 given approval bythe bo1 of trustees on the 7th S¢ptemb¢r 2024 and signed on its bdlf by.'- Secrttsry . Mr Ali Nur Osman
INDEPENDEiYf EXAMINER'S REPORT TO THE TRVSI'EES OF SOMALI BANADIR ASSOCIATION IN UK CHARITY NUMBER 1149719 I report on the Fin0n¢1 Statements of th¢ Trn5t for the year ended 31st March 2023, which are set out on pages 3 to 8 below. RESPEcfivE RESPONSIBILITIES OF TRUSTEE AND EXAMINER The charity's truslees are responsible for th¢ pr¢paration of the account5. The Charity's trustees Consider that an audit is not required for this year under se¢tion 43 (2) of the Chariti¢s A¢t 2011 {The 201 l Act) and that an independent examination is needed. It is my restx)nsibility to examine the accounts under sedion 43 of the 2011 Act, follow the procedtjies laid down tn the general Directions Biverj by the Charity Commission l under section 43{7){b} ] of the 2011 ACL and • state whether parti¢ular matteTS have come to my attention. BASIS OF. INDEPENDENT EXAMINER'S STATEMENr My eXtMinl0rt W85 carried out itt accorda]Jcei47th th¢ gra1 Directions given by the ChaTity Cixnmission. An examination ncludeS a review of the accounting records kept by the Trust and a comparison of the accourrts presented with those records. It also includes consideration of any wiusual items or disclosure in the a¢coLUrts, and seeking ¢xplanations from the tntstees Concerning any such mattety. The procedures undenaken do not provide all the evid¢n¢e that would be required in an audit and congequently no opinion is given as to whether the accounts present a'twe and fairf view and the report is limited to those matters set out in the staien]ent below. INDEPENDEPU EXAMINER'S STATEMEIYT In connection with my examination, no matter has come to my attention :_ l) whi¢h gives me reasonable eause to believe that in, any materia] respect, the requirements.. to ke¢p a£counting records in accordance with section 41 of the 2011 Act; and to prepare accounts whi¢h accord with the accounting re¢ords and comply accounting requirements of the 2011 Act have not been met. or 2) tow ion, attention should be drawn in order to enable a proper understsnding of MRD.A.FA IN IMS¢. FCA DANIEL FAMOK & ASSOCIATES ALCOIINTANTS & FINANCIAL CONSULTANIS IINIT 209 TUDORLEAF BVSINE&S CERE 2-8 bOIINTAYNE ROAI LONDON N154QL 7th September 2024
SOMALI BANADIR ASSOCIATION IN UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 202 N•teg Unrnstricted Restrieted FndS nds Totsl 2023 Total 2022 INCOMING RESOtJRCE Incomillg Resoureesfrom gengraledfvnds Income Mernbership Subscriptions & Donations Fund raising & relief funds 16.739 13.010 16.739 13.010 3,541 6,189 HMRC Gift Aid tax reclaimed Totsl Incoming Resources 1,249 10,979 29.749 29.749 RESOURCES EXPENDED Ch(7riiable Aclivitle5 21774 22,774 11,525 Governance costs 5(M) 500 3(X) Total resources expended 23374 23,274 11825 NET MOVEMENT IN FUNDS 6.475 6.475 1846) RECONCILIATION OF FUN Total funds brought forward 2.622 2,622 3,468 Tot81 fuDds tarried forward 9.097 9,097 2,622 There w¢r¢ no recognised gains OT losses for the year oththan ihose included in the Statement of Financial Activitie5. All Èncoming testsurces and resources expended deriv¢ from continuing activiiies. The ttot¢s on Pages 5 to 8 form Part of these aeeounts.
SOMALI BANADIR &SOCIATION IN UK CI SHEET AS AT 31ST M H 1023 FIXKD ASSETS Tangible Fixed Assets 371 465 Sundry Debtors Cash at Bamk attd in Hattd 800 1,957 926 9.826 LESS CREDITORS: Amounts falling ae wlthkn oyeyesr NET CURBENT ASSETS 12 8,726 2.157 TOTALASSETS LESS LIABILITIES 9,097 2h22 REPRESENTED BY: Ut)stilCted Full(L8 9,097 2.622 622 ' Apprfjved by the Board of Trn5t tm the 7th Sq)leEnber 2024 slgned fits lyeh*lf by:" MrH4$8 A uuk8r (Chair)
SOMALI BANADIR ASSOCIATION IN UK NOTES TO THE FINANCIAL STATEMEr FOR THE YEAR ENDED MARCH 2023 I. ACCOUNTING POLICIES The financia] ststements have been prepared in accordan with the accounting poli¢ies set oui ID Doles to (he accounts 9nd comply with the chgrity'5 goveming de¢umvnt, the Charities Act 2011 atknl Accixllrtin8 and Reporting by Ch2ritses'. Statcmcnt of Re£ommended Practice ISORPI applicable to chariti¢s preparing their accounts in accordance with FinsnciaI Reportsng Standard applt¢able the UK and Republi¢ oftrrland publish¢d on 16th July 2014. 1.1 INCOMING RESOURCES Volunt# lllcome Income from voluntary subseTiPtions and donations collected are included in volntary incoming resources when these are re1vable. Other In¢ome These COTnprises other miscellanetsus income from rn¢rnb and are ac¢ount¢d for in the period in which it is entitled. Gift Aid Tax Re Tax repayments due from HM Revenue & Customs in respect of members, giving are tncluded in incoming resources and r¢strid¢d for building funds when received. Cash flow statemtnt Somali BanAdir Association in UK (SBAUK) has tskeT] advalltsge of the exemption in financial ReportiEJg Standard Number l from the requirements to produce a ca5hflow st8ternenl on the grounds that it qua]ifie5 a small charity. 1.2 RESOURCES EXPENDED R¢sources expended are included in th¢ Ststement of Financial Activilies on accrual base5. in¢lusive of any value added (VAT) which cannot be recovered. Certain expenditure are attributable to specifjc activities and have been included in thos¢ wst categories. 1.3 Tattglble Fixed Assets for use by the charity Depreciatio Tangible fixed assets for use by the Association ar¢ stated at cost less depreciation. Depreeiation is calculated to write off the cost less e5timat¢d residual value of fixed assets, over their estimated useful lives on the following basis.. Equipment and ComputeTS Fumiture. Fixtures and fittings 20Q/o per annum. per annu¥n.
SOMALI BANADIR ASSOCIATION IN UK NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 2. CHARITABLE ACTIVITIES 2022 Donatirn8 & AGM Exk*nse$ Emergen¢y Relief & Fundraisin8 Costs Office & Garden Rent Char8e5 M¢rnb¢rs' W¢lfare & Supports Printtng, Postag¢ and Stationery Bank charges & fees Travelling & Motor En$¢5 Telephone. intemet and websites Office Cleaning expenses Legal and Professiona] fee% Depreciation of fixed assets Advert azyJPubJicity 900 7,201 1.350 1.930 22.601 20 26 93 22,774 11,525 3. GOVERNANCE COSTS 2023 2022 Legal and Professional fees At¥Jii at Accountancy 500 300 300 4. NET MOVEMEKf IN FUNDS FOR THE YEAR 2023 2022 Tht net movement in fund5 forihe year is stated after ¢hargin8: Depreciation of tangible fixed assets- for use by the charity AOUntn¢Y f¢¢ 93 5(X) 300
SOMALI BANADIR ASSOCIATION IN UK TES TO THE FINANCIAL STATEMENTS CONTINUED R THE YEAR ENDED T MARCH 2023 TRUSTEES. REMUNERATION 2023 2022 No Trustee has had expenses reimbutsed in the year. There is no staff whose emoluments exceeded £60,000 during th¢ year TANGIBLE FIXED ASSETS FURNrruRE E UIPMEFif TOTAL & FIThINGS ICOMPIITER 202J Cost '. at 1st April 2022 Additiot]s during the yeor As At 31st March 2023 574 1,545 2,119 574 1545 2.119 Depreciation: at 1st April 2022 Charge for the year As At 31st March 2023 1,254 58 1.312 1.654 93 1.747 35 43S Net Book Value As At31st M8rcb 2023 139 233 372 Net Book Value As At April 2022 174 291 465 7. DEBTORS: 2023 2022 Sunthy Debto]s (Rettt sectirity deposit) sao 800 CREDITORS: AMOUTriT FALLING DUE WITHIN I YEAR .Sundry Cr#JitOTS ACcnlS 600 500 I,io& 200 400 600
SOMALI BANADIR ASSOCIATION IN UK IYOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2023 9. CONNECTED AND RELATED PARTY DISCLOSURES The Association has a very ¢lose relationship with Mr Hassan Abuukar, who is the twins brother of Mr Hussein Muridi { 8 ITuslee). Mr Hassan Abuukar is one of the founding fathers of the Asso¢iatton (SBAUK) and both have not received any trustee's remunerntions from the beginning of the Association to 31st March 2023. Mr Hassan Abuukar is on full time service to the Association. 10. ur4RESTRIcfED Fuf4DS OF THE CHARITY Unrestrleted FuDd Totsi 21123 Balance at"] st April 2022 Movement in the fvnds for the year at 31 st Mar¢h 2023 2,622 6.475 9,097 2,622 6,475 9,097 I. RESTRICTED FUNDS Buildi 2023 Balance at 1st April 2022 Movement irt the funds for the year Balance at 3 1st March 2023 2. ANALY rtr1¢knd Funds Rtstritttd Fyni15 Tot*1 2023 Tanwble fixed assets Net Current Assets 372 8,726 9.097 372 8,726 9,097