HODAN SOMALI COMMUNITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 COMPANY REGtsTrATION NUM8ER 08179170 CHARITY REGWTION NUMBER 1150732 HODAN SQMAU COMMUN17Y CONTENTS FOR ThE YEAR ENDEO 31 MARCH 2021 Contents Legal and admlnlstratfve inforn￿tIon Trustees, report Independent examlnerfs report io Ststement of Flnanclal Actlwties li Balance sheet 12 Notes to the finawal statements 13-17 HODAN SOMAU COMMUNrrY LEGAL ANDADMIN15TrATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2021 Company number 08179170 Charlty numl 1150732 Full Narne HODAN SOMAU commuN￿y R•¥lstered offke Office 9, Canalside House, 383 Ladbroke Grove. London WIO SAA Eltsabeth Cho- Cha5r Prisdlla Hon- Co. Chalr Mahdi Abdillahi All - Treasurer Shukri Hassan- Member Sahra Hussein Jèma- Member Kaltun Ahmed- Member Secr•tary Mohamed Farah who is also the dlrertor of the oruanlsatlon Ban*ers HS8C 25 Notting Hill Gate London Wii 3JJ Independent Examlner Deborah Rich3rds Community Accountancy Self Help l Thorpe Close london WIO 5XL HODAN SOMALI COMMUNITY REPORT OFThE DIREcfoRsmLWEES FOR THE YEAR ENDED 31 MARCH 2021 The tfustees. who are also the director5 of the company for the purposes of the Companies Art. are pleased to submlt thelr annual report and financial ststements of Hodan Somali Community forthe year ended 31 March 2021. Objectives and Activities Summary of th• puvpo••¥ oe th• ¢harity as 8•t out ln tt• g¢vamlng doeurn•nt Nod8n w83 ethtrAthd fry the ber￿fft of the Somall communty INing ondlor worknng in Kenwngton and Chalsaa ènd surrounding The charitys ￿rpo￿ arg to rdi&ve poverty, to advance $ducat￿n arKI to provth or as8Mt in lh• Provision of rÈcre8tion 4nd acttvlt￿. to Imsrn the cOnd￿on$ of &.8 fv85. Summary ofth• maln actlvltl•s In r•latlon to tho purpo8•8 for the publlc n•lS( In partlcular, the kkmyan carried ￿t the fo1knW￿ athrtw in 2020121: Running an AQS-awethed ad￿Ce and Infomiation serwce for th8 Somali aThJ wider BAME Gommunlty in Lonth)n. We provhled this semce prhnarly by tel8phone and WhatsApp. duè to thg COVILk19 pandwnic. As part of our pergorFcentred, ho11s￿ seTViC8 provision. we also tran51aled lettgrs belween S¢)mali and English and communicated wlth thlrd partth (e.g., laNJlords or local auttrh)flties) on behalf of 8WViC8 U8ar8. Id•ntlll•d In th• accounts. (NOTE.. Th• trvst••s h•v• had regard to th• guld8n¢• Issu•d by the Ch•RIty CommI￿lOn on Maklng (y)ntact-free doorstep visFts. e.g., to delfver medi(¥tion aThl other essential supF*Nt to isolalthj pa￿0 during lockdtrwn. Offerfry an Advke and Befr5endlng service via te￿thOne helpli￿ for 8xporioneing lon6lin08s. bereavement, andlor p(w mntal health. Running a Stsial Space arKI Wellb8ing pr￿ect for women. as an onling actswty der[ve￿d via Zoom. Thls Ind￿ Zumba exercise cla53es and tlme for social Interaction. Th8 frequency of dasses was increased from lo three ts.mes por week. Purcha￿ 3) x D(￿0 ￿88. oJstom41esrgnèd for der users. and distribulln9 them to elderly people who were expener￿1ng extreme swal isoFabon becausg of the covitk19 pandemic. We also pr¢)vided baslc training in h(Yrt to use the devi￿. 4 | Page HODAP4 SOP•14U COMMiINtrY REPORT OF THE DIREcfoAsiTrusfEÉS FOR ThE YEAR ENDED 31 MARCH 20211condnuedl Achievements and Performance 8umrnary ofth• maln aehlovom•ftts of th• ch•rlty. Id•ntlfylng th• dlfferenc• th• harlty's work has made to tho clrcumstancos of Its ben•flclario8 #nd any wld•r b•n•flts to •ocl•ty ao a whol• Duting the yamr 2￿21 Hodan achieved aJnYtst a threefokl inc¥ease in total In￿ne kn ￿parIsOn to the pTevlou5 year. wlth 12 of ow 16 grant appI￿1￿)nS a(wrov8d lan knpressive 75% suc£ess ralel. This enabled us lo increase the fractionallty of our stsff and èxpand th8 opgnirrfJ hour5 of the Advtce and InformaUon Service. from aftemoons FW week io f(xJr days per week, in order to meg1 Ihe IrKTrasgJ demand for 0￿ sethx. We wer8 also abLg 10 purcha38 equipment IlaptOP8, kyintèr and new tal•phone System) armj so￿r&. indudiw tha onlin6 c¥se management Sy8ttsm Pro. whlch h￿ped u¥ to make the Iransilion qutckly and sme(sthty from Irwèr3on to Onli￿ servicp pnjwsw. D￿and lor our servKts alrM)st thub18d dwing th8 COVID-19 pandemic, with Ihe totsl numbgr of saparato ￿11019¢￿$ with cli8nt8 incrnasing from 438 kn 2019r20 to 754 In 2020121 415 servlce uswB. Wè aL80 Th)ticed th￿ a h￿h￿r proportion ol our servte usors were presonllng wrth sever8 problems such as extreme social lsdatknn. unaXF￿d k788 of incom618.g., from redundancy, collapse of thèir small IN￿ne$s85, 8uddan unavalability of casual wcrfk. or ch8ng08 to th• bgnfrfit Sy8t•m), multi￿9 bereavements (which w•r• oft•n worjonotl by Icthd(Y*m rostrkth)n8 that provented grtevlrNJ relatoves from attendlng thelr knved 01￿, fvneralsl, m8ntsl hgalth utsls. 8rwJlor the inability lo access basic se￿¢89 such as repeal pr•KriptvJn3 or benefit el8ims because of digital exclush￿. To Improve our 8bilrty to de81 wilh these more ￿mpI*M and challengiro cases, ￿ p￿ded all staff with tralning In Mental Heath Fitst and Motivational Irrt8p4kn*Mg. Thg BefrigThJing ServKè Work￿ wilh a total of 64 eklerty clienls in 2020121 lin)oglo etcl and enable seuJr6 online rtonations. The website rwivad an average of 1.780 hits por month in th01tt5t quarter d 2020 and th8 first quarter of 2021. Porformance •galnst human rn•our¢e8 targ•ts (see 2021> 23 slrateglc plan for details) RecnKbW. Th• 2020121 twggt r￿1hr￿j rw voluntgeTS to support d￿lta1 literacy w85 lo stsmm&r 2021 as a resutt of the COVID lockdown. Tho targgt of r•yurfing a Y￿￿1￿88r Inducuon.. TaftJgt Is ￿ lThr applutAe, duo to tho po8tyonem•nt of tho vO￿n￿¥ inibglfvè. Supofy1s￿ and 8Upr￿.. Al thee of lh8 2020121 tsrytts have been Trnhwng d8voky￿. Three oflhe fcyjr 2020r21 tBru8ts havo bogn fulty met, and the ftjurth ha5 been partly mèl ltrainlng and devèk)pm¥nl ￿8n8 hgve b8en ereatod for 8taff. Ixtrt Ihe mlow has been poswiod lo tho 8ummer of 2021 becausè of COVID Al8n899rngM andengagem•rt.' The de¥8lopment of wrltten 8tan¢J8rd ¢)perab"ng prtt8dures 16 8111 in progress and w*ll be Com￿0t￿ during 2021 r8v69w. Ev81uaNon andr8vknw." of thè frmjr 2019120 tsrgots h8Vo b8¢n met, an(1 other are in pr(¥Jress lewaluab.on of trainirKJ: assessment of staff salstsction 8TrJ Two of the three tarpts ts 2020r21 bgon wr￿1 and the Ihlrd h8s boon rèplac￿ ￿1h an equlvabnt outc￿& Ithe aclu81 number of advk¢ workevs W83 not incr88sed. bLrt pa￿￿￿￿]UrS havo mor than l￿ble￿). P•rfornianc• agalnst targots for contlnuous Improv•m•nl of the athilco ••rvlee Is8$ 2021>23 strat8gl¢ plan for dat8ils Porfomi•ne• ag•lngt fundralslng targets Is89 2 23 strategic plan for delaib} Two of the four lar￿ts 2020121 h8ve been met. and a third (total income targeii has been signthnty excaeded. Tho fourth larget (Klentsfyiw oprx)thni1*s fc* r8search &￿IaL￿)rat￿￿SI h85 not yet been m81 tjecause seèknng grant fuTrJing w&s prIorFt￿(j ovgr resaarch f[w￿$r￿j. due tv thè impact of thè COVID pandern￿ on Perfornwnc• agalnst mark•ting targets {5ee 202 23 strateg￿ plan Neither of the markeUrMJ targets has been mot. The oty"eclNe of conducling r8seaTch h&8 been rKW)ned to tho summ8r of2021, lo th• par￿arn￿. F&xbook Twil113r pag98 have bBen eatod but are kw)t yet b￿9 rtyulaity upjated. The Dir8Ctor has recfyJnBed marketing as an are8 that requlies imprvv6ment, 8ubmittmg a flmding vthich IndLths a budget line for an Admin aThJ CoMrnn￿aIw Officer whose ro$8 will include social rwlia, a5 well as for 8 short-lemi ojnsultant to a&sist vAth a brand kit and ￿la1 media strategy. There is a re(rffimendation lo recwrt a r*w TruBtee with a PRthlarf(th" rouThJ. HOOAN SOMALI COMMUNrrY REPORT OFTHE DIREcfoRsmusrEES FOR THE YEAR ENDED 31 MARCH 2021 Icontlnuedl Financlal Management and Reserves Statsment explalnSng th• pollcy lor holding rosgrvos statlng why tlw are h•ld A C￿CY ReseNe is held in oft18r to T81ain suffici¢nt fund8 to CO￿ V￿1h a V•tythvcasè scènario of a suddgn c$88ation of all fur*Jing. In this tsrejjmslance the slb)uld be iarge enough lo O) Hcvjan lo ¢ontlnug to operats for 8 of slx months. thi8 being a r•asonabl& pwiod of time dechded by the Truste0$ to complate on9olng work and make {H) Hodan to u)v•r any other tJJsts trIK*48d In ￿ndulg UP. To 8lhJv th8 T￿8t￿ll0X1blhfy to dèBI with unfrn￿n OPF*Xtunrtie8 or&t to mitvjata iingxp8etad risk8. a8 a partlal cessabon or temporary redudion of lundirKJ, up to hatt of th CO￿1￿ger￿ Reser￿ may be dlvertwJ lo an Urgent Opportunth'g5 FuThJ Iprovldgd Ihat Itwo16 Still fvndingloft to cO￿r wlThllnwp o)sts). In the ev￿1 ttiat thJ8 ts usgd, th• Tnth thould a 8tratsgy k8hl t￿ r8sopfft d th8 annual Tgvl6w. HcwJan h88 thvelop¥d a FundraL8lng Strategy built Irrto tts Btr8tegic plan and on a yeaty bask%. Tho Troasur8r is responsibie lor ItnAnci81 manag•￿t and pr?￿fits th? IxganLsalion's financkgl sthat¥M d Flftandal rnvl•w 7 1 Pa8e HODAN SOMAU COMMUNIYY REPORTOF THE ￿RECToR$muSTEES Ffm ThE YEAR ENDED 31 MARCH 2021 {)-opl*J mombor tr. as a result more than ono thlrd ofthe rr*mb*5 ofthe managem8nt committe8 woukl be COwOPted. The management commltlee must consrsl of rK* fewer than four and How 4r• rl•k• m•n•g•d? Hod8n has a rtsk m8rwJè￿nt pc4ky that Os ravi8w￿ ond updated on an annual basis. The risk managomont polw has be•n rgvlsed to take into c￿$•dOrat￿)n Ihe 8dditb)nal wblk health r5sks from Cov1￿$9. We have uwjalod our safeguarding poticy to Indude measuTes for Sgfeguardlr￿ Staff and servlce users who arg vuher8bl8 to COVltk19. HIM ar• •¢tfvltlM rnvl•w•d7 Hodan carrf8s out ragujar monltorftvJ and evaluati¢M. We also hold fows groups to obtain rich qualitaiive data. This enables us to urKler5tand aThl reswThS lo the neGds of our sarvTh users. Al 1$ fed Inlo our s an. wFM"th is r9 ul8 (￿ce a 8 1 Page HODAN SOMALI COMMUNITY REPORT OFTHE DIRECTORsmusTEESIMEMbERS FOR THE YEAR ENDED 31 MARCH 20211(onllnued) STATEMEKT OF DIRECTORS AND TRUSTEE8 RESPONSIBiufiES The Diredors, who are also the twstees of the Company. are rgquirgd to ptspare financlal Statements for each financial year whi(* give a Inje and fair view of the state of affairs of the Company at the and of the year and of its financtal acltviti.es dunng the year th8n ended. In preparing those financial ststements. tho trusteès aro requirod to: • s818Ct suilabl8 accounting ￿1¢10$ and apply them o)nsistenty,' • make Judgements and 05timaies that are rèasonable and pruden( stale whether applicablo $tandard8 and ststement of re￿rnmen￿8d practic8 have been followed. subject to any m8teT681 departures and explained in thg financial statement¥,' and prepare the financial slalemenls on the going cO￿8M basis unless it is Inappropriatfr lo presume that the prqect %MII contsnue in operation. The dlrectorsltrustges are restminsible tr keepi￿ pyoper accounting records whleh disclose at any lim8 the financ4al posrt*)n of tho Company. They are also resKxmsible for safeguarding th8 assets of the Company and hon￿ for ts￿r￿j rea$C￿b￿ steps f￿ the wevèntion and detectlon of fraud and other Irrogularitses. Ex•mptlon8 Th8 truslees have taken advantage of the eXeMp￿n$ avallable to small companles, Includlng the audit ex8mptlon8 Isee statement on balarKx she8t). Signed on beh811 of the charitys tr￿te9$ ..2021 Ellubeth Cho - Chalr INDEPENDEirf EWIINEFVS REPORT TO THE TRUSTEE5 OF THE HODAN SOWIU COMMUNITY FOR THE YEAR ENDED JI MARCH 2021 I reportto the tharity trnstees on my ek*nination of the accourrts of the company for the year ended 31 March 2021, whlch Include a Statement of Finandal ACti￿*S and a Balance Sheet and Note5 to the Accounts. These are set out on page5 11 to 17 Responslblll¢les and basls of re As the charltvs tnistees ofthe Company Itwho are also the dlrecttys of the cornpany for the purposes of Company lawl, you ère ￿ponSIble for the preparatlon of the accounts in accordancè wlth the requirements ofthe Companie5 Att 2006 {"the 2(￿ A￿). Ha*lng satisfied myself that the accounts of the Company are not requlred to awjlted forthis year under Part 16 of the 2￿￿Art and are eltw'ble for independent examlnation. I report in respect of mv examination of your Charitys accounts a5 carried out under settion 145 of the Charitres Act 20111.the 2011 ACVI. In camiing out my exaMIna￿￿n. I have followtd the Dlrecborts by the Charlty Comrnisslon lundersertlon 14515llbl of the 2011 Act. Ind•p•ndent •x•mlnees stat•m•nt I have completer my examinauon. I conflmi that no material matters have come to my attentlon (other than that dlsclosed belovfi which glve5 me cause to believe th•t: accoun￿￿8 records were not kept In accordance with 386 of the Cornpanles Att 2￿6:{r the accounts do not ac￿rd wFth S￿h rec(>rds: or the accounts do not compty with rele4ant accountlng requirements under sertlon 396 of the Companles Act XKIG otherthan any reqtsirement that the accounts8lve a'true and falrf ￿t￿ which is rlot matter consldered as part of an Independent examination.. or the ac¢ounts have not been wepared In accordan￿ t*lth the ￿ar[treS SORP IFRS1021. I have concerns and have come across no other matters In connectlon with the examlnatlon to whlth attention should be drawn In this report In orderto enable a proper under5tandin8 of the accounts to be reached. Signed.. Date: 2021 Deborah Rlchard5, AAT Cornmunity Accountsncyself Help l Thorpè Close London W105XL io I HODAfi SOMAU COMMU141TY srATEMEKf OF FINANaAL AcfMllES FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notss Re5tr1cted Unrestrlrted Total Fund Total Fund In￿ming Rewurt•s Voluntary Income 149,312 620 149.932 48.905 Other Income 150 169 Investment Income 19 19 126 T*)tsl Incomln8 Resources 149312 150,102 49,039 Resources Expended Charltable ActNities 91.416 91.418 67,783 Governance Costs 1,550 1.550 1,275 Total rtswrces EX￿￿ed 92J66 92.968 69,058 Net Movement In Funds for the year 787 Transfer between funds Totsl Funds Brought Forward 19,318 51.226 71.245 Total Fund5 Carrl•d Forward 75.664 32m5 108359 $1226 11 I Pège HODAN SOMAU COMMUNITY BALANCE SHEET￿ AT 31 MARCH 2021 2021 Notes 2020 Fl¥edAssets Tangible flxed assets Current Assets Debtors Cash and bank deposits 5.670 119.440 5.1 55.691 55.691 Creditors fa115n8 due wlthin one year 116.7511 14.465) Net current assets I￿,359 51,226 Total •ss•ts less ¢wrent Ilablll IIM.3S9 51,226 Restrlcted Funds Unrestritted Funds 75,664 32.695 31,908 19,318 Totsi Funds l(*J59 51,226 Audlt ￿emPtIon statsm•rt For the twelve months endin8 31" March 2021 the c¢)mpany was entitled to exemption from audlt under settion 4n of the Companies Act 2Cffi relatln8 to small companles. Dlrectors, i•sponslbllftles: The members have not required the Company to obtsin an audit of Its accounts for the period in question in accordance with settion 476. The dlrertor5 acknowled8e their re5ponsibilitles fOrcomp￿n8 wlth the requirements of the Act with re5pett to a¢eountin8 rKords and the preparation of accounts. These accounts have been prepared in accordance wSth the provisions applicable to companies subject to the small companies, regime. The directors Iwho are also the charity trustees) declare that have apprcryed the atK)ve accounts which are signed on behalfof the directors and charity trustees: 2021 Elizabeth Cho Olrertor and T￿$￿# 12 IP3ge HODAN 50MAU COMMUNITY NOTES TOTHE HNANOALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pdldes Stsmmary of slgnlft¢ant accountlng polkles and k•y accountln8 estlmates The principal accounting policies applied in the preparation of these flnancl41 statements are set o below. These pollcies have been consistèntly applied to all the year5 presented, unless Othen¥i5e Ststed. Ba51s of preparatlon. The financlal statements have been prepared under the historKal cost conventK)ri. with the exception of listed Investments which are Induded at their market value. The financial statements have been prepared In accordance with the Actounting and Reporting by Charltles.. Statement of Recommended Practlce, applicable to charltie5 preparlng their at¢ounts in accordance wlth the Flnanclal Reporting St•ndard FR5102 and the 21JJ6 Companle5 Art. Golry concern The financial 5tatemerts have been prepared on a going concern basis. The trustees assess whether the use of going cOn￿M is appropri*e l.e. whetherthere a￿ any materlal uncertalnties related to events or Conditions that may cast sl8nrflcant doubt on the ability of the Charity to continue as a 8oin8 concern. The trustees make this assessment in respert of a period of one year from the date of approval of the finandalstatements. Income and endovhnents Voluntary Incomè including donations, 81fts, leBacies and grants that provlde core fvndlng or are of general nature15 re¢ognised when the Charrty has entirlement to the income. rt is probable that the Income will be recelved and the amount can be measured with stsfficient reliability. Donations and legacie5 are reco8nised on a receivabFe basis w￿n r￿[pt Is probable. and the arnount can be reliab￿ measured. In￿$tment1ncOme Interest ts Included when receivable by the charity. EXpendI￿re All expenditure is retognlsed once there is a legal or constructlve obligatlon to that expenditure, it is probable settlement is required and the amount can be measured reliably. Ml costs are allocated to the appllcable expenditure heading that 3g8re8ate similar costs to that cateBory.' whe￿ costs cannot be directty attributed to particular headin8S. they have been allocated on a bas15 COnSiStÈnt with the of resources. With central 5tsff c05[5 alloCa￿d on the basis of time spenc and deprecknHtlon charBes allocated on the p)rtJon of the assevs use. Othersupport costs are allocated based on the spread ofstaff costs. Ail resources expended are indLLslve of Irrec0￿Vabre VAT. 13 | Page HODAN SOMAU COMMUNftY NOTES TO THE FINANCIALSTATEMENfs (contInU￿) FOR THE YEAR ENDED 31 MARCH 2021 Charitable artlvltles Charitable expendrture comprises ttM)se costs Incurred by the Charity in the delwery of Its activities and seryites for its beneficlaries. tt includes both costs that can be allocated dirertly to such activities and those costs of an indirect fta￿re necessary to support them. Irrecoverable VAT Irrecoverable VAT is tharged against the categoryof resource5 eXp￿ded for which tt wa5 Incurred. Taxatlon The tharrty Is tonsidered to Pa￿ the tests set In Paragraph l S¢hedule 6 of the Finance Act 2010 and therefore It meets the definition of è charitable company for UK corporatlon tax purposes. Accordingly. the Charrty is pottrntial￿ exempt from taxatlon in respect of income or capital gains recelved wlthln categories covered Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of the TaxatTron of Chargeable Galns Act 1992. to the extent that such income or galns are applled excluslvely to charitable purposes. T•rylble fix•d a55•ts Indlvldual fixed assets costSn8 £5CK) or more are Inttlalty rtcorded at COSL less any subsequent accumulated depredation and subsequent accumulated impairnlent losses. Deprttlatlon and amortlsadon Depreciatlon is provlded on tanglble flxed assets so as to wrlte off the cost or valuatlon, less any estlmated residual value. over their expected usthil economk Ilfe at a rate of 15% uslng the reducing balance method. Trade debtors Trnde debtors are amounts due from customers for rnerchar*dise sold or 5ervl¢es performed in the ordlnary course of buslness. Trade debtors are reco8nised inibally at the tr￿n￿ctiOn prf¢e. They are subsequently me•5uYEd at amortlsed c05t using the effertive Inte￿St method, less pro¥lsron for Impalmient. A provision forthe Impalrment of trade debtors Is established whÈn there is oblert￿e evldence that the Chartty wlll not be aNe to collect all amounts due accordin8 to the original tern)s of the receivables. Cash and t•sh equlvalents Cash and cash equivalents comprlse fd5h on hand and tall deposits, and other short-term highly liquid investments that are readily con￿rtIble to a krth¥n amount of cash and are subjert to an Insignificant risk of thange in value. Cr•dltors and provislon5 Creditors and provistons are recognised where the charity had a p￿sent obllgation resufting from a past event that will probabty ￿￿1t in the transfer of fijnds to a third party and the amount due to settle the obligatK)n can be measured or estimated reliably. Creditors and provlsions aTe r￿mial retognised at their settlement amountafter allowing for any trdde discounts. 14 1 Page HODAN SOMAU COMMUNITY NOTES TO THE FINAtiaAL sfATEMErirs {(￿n￿ed) FOR THE YEAR ENDED 31 MARCH 2021 Fund accountln8 Restrl¢ted income funds are funds which have been grven for a sF)ecific purposes and a spent accordingly. Unrestricted income fund5 are general funds that are available for use at the trustee's discretion in lurtherance of objectives of the Charlty. 2. Voluntary In¢ 2020- 2021 Total Funds I￿omIng Resour¢e5 Trust for London RBK&C London City Brldge The Natlonal Lottery Communlty Fund Kensington & Chelsea Foundation Sports England Postcode Neighbourhood Trust Hllden Charity Power to Chan8e Greater London Autknrfty Midaye London Catslyst HMRC Councll of Somall Or8anis•tfons Bank Deposlt Total Resour 16A I6.￿1 22.681 14018 24,360 8,7(Xl 19.346 19J46 13A92 13,492 4.130 7.106 1,5(Kl 3.713 150 19 150A02 6396 &5 3.713 19 149AII Uffirestrk￿ Resirkted Mar 2021 Mar 2020 funds Bank lrterest 19 19 126 15 1 Page HOOAN SOMAU COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2021 Governance costs Include legal Complian￿ Includin8 accountsnry and independent examination, servlcing the t#)ard and strategic manaRement are now charged a￿1 i￿luded in the charitable attivlttes. funds Unrestrkted 2020. Z021 funds 8ook-keeplnBTrayroll IE Fee 9CX) 650 650 S. Debtors Mar.2021 Mar-2020 Trade debtors Prepavments and accrued Income Totsi curyent debtors 5.670 5kn70 6. Credltors Marry2021 Mar-2020 P•yroll The Pensions Trust Accruals- Independent Examinatlon Consultancv Mldaye- 4 Quarter Deferred Income Total cunent credltors 75 197 650 160 3,698 14,929 16,751 4,465 Taxa The chartys a￿￿ttle5 fall within the eyemptions afforded by the pro¥isions on the Income and Corporation Taxes Art 1988. AccordinEty. there is no taxatlon char8e in these ￿CoUnts. 8. Staff No member ofstaff was paid over £60.(￿. a¥era8e number of staff durin8 the year was three FfE. The charity also employs sessional worke[5 for dasses and consuttants for speclalist tasks. 16 1 Page IIODAM 50MAU COMMUNnY NOTES TO ThE FINANCIAL sfATEMENTS Icortinuedj FOR THE YEAR ENDED 31 MARCH 2021 rhose costs that relate to day4trday charrtable act￿trt￿s are now allcKated under charitable artivltles. 2020- 2021 Tolal Fund$ nds Salarles Telephone Volunteer Expenses Rent Empowement Club ComputÈrs Dadihiye Tralnlng 8ook-keeplnglPayroll Insurance ConsultancylEvaluation Midaye Statlonary Posta8è Elders befrlendln8 Webslte Development Advice UK Techslver l()oro8080 Smartphones) Office Equlpment HMRC Mlscellaneous Hospitality Totsl re50urw expens•s 42 42,554 190 isx) 3￿55 1642 3,555 5.020 9.338 1.081 250 2,250 2.830 8,798 124 3,713 72 3,713 92316 91318 10. Goln8 Contern The directorsltrLrstees have a ￿3$Onable expectstion that the charity wlll continue in operational e￿stenCe for the foreseeable future and have therefore used the Eoing con￿rn basls In preparing the finar¢clal ststements. The trustees keep the income and expenditijre of the charity under revtew and will ¢han8e the operatins model ac¢ordin81v. 11. Company limited by yaT3ntee Hodan Somali Community is a company limit￿ by guarantee and accordin8ly does not have a share capitsl. Every member of the company undertakes to contribute such amount as may be required not excÈedin8 £1 to the assets of the charitable company in the event of it being wound up while he or She is member. or within one year after he or she cease5 to be a member. 17 1 Page