Company registration number: 08096869 Charity registration number: 1149900
IFTIIN EDUCATION & DEVELOPMENT TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
Accentor Associates Limited Chartered Accountants 639 Green Lanes London N8 0RE
Iftiin Education & Development Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities (including Income and Expenditure Account) | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—10 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities (including Income and Expenditure Account) | 11 |
Iftiin Education & Development Company No. 08096869 Trustees' Report For The Year Ended 30 June 2025
The trustees present their report and the financial statements for the year ended 30 June 2025.
Objectives and Activities
Aims and Objectives
Promote education in Somalia
Public Benefit
1. Our Commitment to Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, the trustees ensure that:
Benefit: All of the charity’s purposes and activities provide a clear, identifiable benefit. These benefits are regularly monitored and reported on to ensure they are being delivered effectively.
Public Aspect: The benefit is to the public, or to a sufficient section of the public. While we may target our resources at a specific group (e.g., residents of a particular area or people with a specific need), we do so in a way that is not unreasonably restrictive and is open to anyone who meets that defined criteria.
Private Benefit: Any private benefit to individuals (e.g., staff salaries, contractor fees) is incidental and necessary to support the delivery of our charitable purposes. No trustee benefits from their position, and the charity’s resources are never used for private gain.
- Review and Reporting
The trustees will review this policy annually. The report on public benefit will form a key part of the Trustees’ Annual Report, describing the activities undertaken and the difference they have made, thereby demonstrating how the charity continues to exist for the public benefit.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustees
Mr Ahmed Moalim Abdalle - Trustee & Director Miss Laila Ahmed - Trustee & Director Mr Yahye Sh Hassan Ali - Trustee & Director Mr Madi Ahmed Diriye - Trustee & Director Mr Said Dirshe - Trustee & Director Mr Mohamud Osman Geddi - Trustee & Director Mr Faisal Abdullah Kadie - Trustee & Director Mr Abuukar Ahmed Warsame - Trustee & Director Mr Maxamed Nuur - Trustee
Charity Number
1149900
Company Number
08096869
Independent Examiner
M Ahson FCA Accentor Associates Limited Chartered Accountants 639 Green Lanes London N8 0RE
Page 1
Iftiin Education & Development Trustees' Report (continued) For The Year Ended 30 June 2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Faisal Abdullah Kadie
Trustee 18/03/2023
Page 2
Iftiin Education & Development Independent Examiner's Report to the Trustees of Iftiin Education & Development For The Year Ended 30 June 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M Ahson FCA 18/03/2026 Accentor Associates Limited Chartered Accountants 639 Green Lanes London N8 0RE
Page 3
Iftiin Education & Development Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 EXPENDITURE ON: Raising funds 5 Charitable activities: 5 School Infrastructure Enhancement Teachers Training Teachers Salary NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12 |
2025 Unrestricted funds £ 93,865 |
2024 Unrestricted funds £ 60,971 |
|---|---|---|
| (46,092) (11,088) (5,544) (38,808) |
(40,617) (5,278) (2,639) (18,473) |
|
| (101,532) | (67,007) | |
| (7,667) | (6,036) | |
| (7,667) 8,534 |
(6,036) 14,570 |
|
| 867 | 8,534 |
The notes on pages 6 to 10 form part of these financial statements.
Page 4
Iftiin Education & Development Balance Sheet As At 30 June 2025
| Notes FIXED ASSETS Tangible Assets 9 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 10 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 12 |
2025 Unrestricted funds £ 2,140 |
2024 Total funds £ 2,510 |
|---|---|---|
| 2,140 1,029 |
2,510 6,380 |
|
| 1,029 (2,302) |
6,380 (356) |
|
| (1,273) | 6,024 | |
| 867 | 8,534 | |
| 867 | 8,534 | |
| 867 | 8,534 | |
| 867 | 8,534 |
For the year ending 30 June 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Faisal Abdullah Kadie
Trustee 18/03/2023
The notes on pages 6 to 10 form part of these financial statements.
Page 5
Iftiin Education & Development Notes to the Financial Statements For The Year Ended 30 June 2025
1. General Information
Iftiin Education & Development is a company limited by guarantee, incorporated in England & Wales, registered number 08096869 and registered charity number 1149900. The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: 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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
1. Purpose and Scope
This policy sets out the principles and procedures for the acceptance and management of incoming resources (income) for . Its purpose is to ensure that all income is managed prudently, complies with legal and regulatory requirements, and supports the charity’s objects and public benefit. This policy applies to all trustees, staff, and volunteers involved in fundraising or income generation.
2. Income Sources
The charity may seek and accept income from a variety of sources, including:
Grants from trusts, foundations, and statutory bodies.
Donations from individuals and corporate supporters.
Fundraising events and activities.
Gift Aid (where applicable).
Fees for charitable services (if applicable).
Investment income.
3. Acceptance of Funds
The trustees are responsible for ensuring that all income received is consistent with the charity’s values and purposes. We will not accept funds from any source that:
Poses an unacceptable risk to the charity’s reputation.
Attempts to impose conditions that conflict with the charity’s objects or independence.
Derives from illegal or unethical activities.
Would place an unreasonable financial or administrative burden on the charity.
All significant donations and grant offers will be reviewed by the trustees (or a designated sub-committee) to ensure they meet these criteria before acceptance.
4. Fundraising
All fundraising activities will be carried out in accordance with the Code of Fundraising Practice. We are committed to being honest and transparent with our supporters. Fundraising will be undertaken in a way that is respectful, reasonable, and protects the charity’s reputation.
5. Financial Controls
To safeguard incoming resources, the following controls are in place:
All income will be recorded promptly and accurately in the charity’s accounting records.
Banking will be carried out regularly and securely by at least two authorised individuals.
Donations will be spent only in furtherance of the charity’s objects.
Gift Aid will be claimed in accordance with HMRC rules.
6. Review
This policy will be reviewed annually by the trustees to ensure it remains appropriate for the charity’s activities and financial situation.
Page 6
Iftiin Education & Development Notes to the Financial Statements (continued) For The Year Ended 30 June 2025
2.3. Resources Expended
1. Purpose and Scope
This policy sets out the principles and procedures for the proper use of the charity’s funds. Its purpose is to ensure that all expenditure is reasonable, necessary, and incurred solely to further the charity’s objects. This policy applies to all trustees, staff, and volunteers who authorise or incur expenditure on behalf of .
2. Authorised Expenditure
All resources expended (money spent) must:
Be in direct furtherance of the charity’s purposes as set out in its governing document.
Represent good value for money.
Be properly authorised before the commitment is made (except in pre-approved, routine cases).
Be recorded accurately with a valid receipt or invoice.
- Bank Transactions and Payments To ensure proper financial control:
All payments (by cheque, bank transfer, or card) must be authorised by at least two unrelated trustees or authorised signatories.
No payments will be made to cash or from cash received without a clear audit trail.
Reimbursement of expenses to trustees, staff, or volunteers will only be made in accordance with a separate Expenses Policy and must be supported by receipts.
4. Payments to Trustees
The charity’s governing document prohibits trustees from receiving payment for their services as trustees (other than the reimbursement of legitimate expenses). Any proposed payment to a trustee for goods or services provided to the charity (where permitted by the governing document) must:
Be permitted by the charity’s governing document.
Be authorised by the other trustees under a formal conflict of interest declaration.
Be no more than reasonable and represent value for money.
5. Grants and Donations Made
If the charity makes grants or donations to other organisations or individuals, such payments will only be made following a formal decision by the trustees and in line with any separate Grant-Making Policy. The use of such funds must be consistent with the charity’s objects.
6. Record Keeping
All expenditure will be recorded promptly in the charity’s accounting records. Receipts and invoices will be retained for at least six years to comply with HMRC requirements.
7. Review
This policy will be reviewed annually by the trustees to ensure it remains appropriate for the charity’s activities and financial situation.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance Motor Vehicles Reducing balance Fixtures & Fittings Reducing balance Computer Equipment Reducing balance
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
Page 7
Iftiin Education & Development Notes to the Financial Statements (continued) For The Year Ended 30 June 2025
| 2025 | 2024 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Donations and gifts | 93,865 | 60,971 |
4. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
| Depreciation of tangible fixed assets - owned . Analysis of Expenditure Raising funds School Infrastructure Enhancement Teachers Training Teachers Salary Raising funds School Infrastructure Enhancement Teachers Training Teachers Salary |
Activities undertaken directly £ - 11,088 5,544 38,808 |
2025 £ 370 |
2024 £ 451 |
|---|---|---|---|
| Support costs (see note 6) £ 46,092 - - - |
2025 Total £ 46,092 11,088 5,544 38,808 |
||
| 55,440 | 46,092 | 101,532 | |
| Activities undertaken directly £ - 5,278 2,639 18,473 |
Support costs (see note 6) £ 40,617 - - - |
2024 Total £ 40,617 5,278 2,639 18,473 |
|
| 26,390 | 40,617 | 67,007 |
5. Analysis of Expenditure
6. Support Costs
| . Support Costs |
|
|---|---|
| Employee costs Premises expenses General administration Depreciation Interest payable |
2025 Raising funds £ 28,968 7,832 8,807 370 115 |
| 46,092 |
Page 8
Iftiin Education & Development Notes to the Financial Statements (continued) For The Year Ended 30 June 2025
| Employee costs Premises expenses General administration Depreciation Interest payable |
2024 Raising funds £ 26,049 5,720 8,268 451 129 |
|---|---|
| 40,617 |
7. Staff Costs
Staff costs were as follows:
| Wages and salaries Other pension costs |
2025 £ 27,865 1,003 28,868 |
2024 £ 23,168 925 |
|---|---|---|
| 24,093 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
8. Average Number of Employees
Average number of employees during the year was: 4 (2024: 4)
- Tangible Assets
| . Tangible Assets |
|
|---|---|
| Cost As at 1 July 2024 As at 30 June 2025 Depreciation As at 1 July 2024 Provided during the period As at 30 June 2025 Net Book Value As at 30 June 2025 As at 1 July 2024 |
Motor Vehicles £ 5,000 |
| 5,000 | |
| 2,490 370 |
|
| 2,860 | |
| 2,140 | |
| 2,510 |
10. Creditors: Amounts Falling Due Within One Year
| Bank loans and overdrafts Other creditors |
2025 £ 157 2,145 2,302 |
2024 £ 356 - |
|---|---|---|
| 356 |
Page 9
Iftiin Education & Development Notes to the Financial Statements (continued) For The Year Ended 30 June 2025
11. Pension Commitments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,003 (2024: £925).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
12. Movement in Funds
| 2. Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 July 2024 £ 8,534 |
Income £ 93,865 |
Expenditure £ (101,532) |
As at 30 June 2025 £ 867 |
| 8,534 | 93,865 | (101,532) | 867 | |
| As at 1 July 2023 £ 14,570 |
Income £ 60,971 |
Expenditure £ (67,007) |
As at 30 June 2024 £ 8,534 |
|
| 14,570 | 60,971 | (67,007) | 8,534 |
13. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 |
|---|---|
| £ | £ |
14. Related Party Disclosures
- Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 10
Iftiin Education & Development Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations from individuals EXPENDITURE ON: Raising funds Wages and salaries Employers pensions - defined contributions scheme Travel expenses Rent Vehicle running costs Vehicle fuel costs Vehicle insurance costs Computer software costs Insurance Printing Carriage and freight Telecommunications and data costs Telecommunications Accountancy fees Professional fees Other office costs Depreciation of motor vehicles Bank charges Charitable Activities: School Infrastructure Enhancement Direct costs-Donations Teachers Training Cost of raising funds type A Direct costs-Donations Teachers Salary Direct costs-Donations NET EXPENDITURE |
2025 Total funds £ 93,865 |
2024 Total funds £ 60,971 |
|---|---|---|
| 93,865 | 60,971 | |
| 93,865 (27,865) (1,003) (100) (7,832) (349) (96) - (561) (4,508) (205) - - (1,752) (360) (562) (414) (370) (115) |
60,971 (23,168) (925) (1,956) (5,720) (771) - (29) (486) (2,600) - (1,300) (1,159) - (1,210) (562) (151) (451) (129) |
|
| (46,092) (11,088) |
(40,617) (5,278) |
|
| (11,088) (5,544) - |
(5,278) - (2,639) |
|
| (5,544) (38,808) |
(2,639) (18,473) |
|
| (38,808) | (18,473) | |
| (101,532) | (67,007) | |
| (7,667) | (6,036) |
Page 11