HODAN SOMALI COMMUNITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 COMPANY REGISTRATION NUMBER 08179170 CHARITY REGISTRATION NUMBER 1150732 HODAN SOMALI COMMUNITY CONTENTS FOR THE YEAR ENDED 31 MARCH 2022 Page Contents Legal and administratlve infonnation Trustees, report 4-10 Independent examlner's report 11 Statement of Financlal Activitles 12 Balance Sheet 13 Notes to the Financlal Statements 15-19 Hodan Somali Community Trustees, annual report and financial sLqtement For the year ended 31 March 2022 Trustees. report for the year ended 31 March 2022 The Trustees, who are also directors of the charty for the purposes of the Companies Act, submit their annual report and the financial statements of Hodan Somali Community for the year ended 31 March 2022. The Trustees confirm that the annu81 report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities" issued in March 2005. Full name Hodan Somall Community Other names by whieh the ¢harlty 18 known: None Reglstered company number 8179170 Registered charity number 1150732 Prlnclpal address ¢)ffice 9 Canalside House 383 Ladbroke Grove London W105AA Trustees Elizabeth Cho.. Chair, Mahdi Ali.. Treasurer. Sahra Jama.. member Priscilla Hon.. Ctichair, Shukri Hassan.. member. Kaltun Ahmed. memter Other Members.. None Secretary.. Mohamed Farah who is the director of the or9anisation Bank•rs HSBC 25 Notting Hill Gate London W113JJ Independent examiner Deborah Richards Community Accountancy Self Help 1 Thorpe Close London W10 5XL HODAN SOMALI COMMUNI REPORT OF THE DIRECTORsrrRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The truste8s. vtho are also the directors of the company for the purpose of the Companies Act, are pleased to submit their annual report and financial statements of H¢)dan Somali Community for the year ended 31 March 2022. Objectlves and Activities Summ•ry of the purposes gfthè Hodan w88 eslablBhad for the tse￿fft of ihe Somall cornmunrty living ¢harfty al 8•t out In Its oovernlng i andlor In If￿￿ngton and Chèls8a and Surrounding boroughs. The docurnent charity's purposès alè to rel￿Ve povety. to a¢fvanc• ed￿tIOn and to provide or8SSlSt in the provision of re¢reab'on and l¥i6ure activits8. to mprove the coTrJit•Jns ofpeorle's Iwa• Summary of the maln actfvltl•• In relalian to those purpose• for th? publlc benolll In partlcular, Ihe aetlvltles, projects or $ervl¢e# Id•ntWted In th• accounts. Hodan (arriwj out tP* I￿￿n9 athvths in 2021122 Running an AQS-&credited advicè and infomi8tK)n serv￿8 for the Somali an¢J W￿•r BAME comrnvnty In London, swth a particular focus on •mployabilty •nd ¢lalming entyuements. As in the preceding year, w• Prov￿9d th* seNice pnmanty by telephon8 and WhatsApp Idu8 to the COWD-19 pandemic) but have resumed facg-to-facè outreach vr&rfs to some seN¢> users and ￿0￿ne￿ the Ladbroke Grove office on a vary limrted. appoinlment-onty b88o. (NOTE.. Th• trustèes h•v• had regard to the guldance Issu•dby tho Ch•rtly Commls¥lon on publle ben•fftJ. As part of wr person-cenlrèd. hofi8bc se￿& proMsKJn. tran81ating ttw5 betssten &)mali and ErrfJlish and cornmunicabng with third pa￿.98 le g . 18TrY￿S or Ioc81 outtTroribe31 on behalf ol seMc& U8gTS, 4s w(Mred. Offenng an AdvK• and Bafnonding 8ert¢ IAa te*phone helpline. and In 80rn0 ts8es home vt5rts, lor wple experiencing lon81iness. bergavemenl. aWor rw mental heal RvnnirvJ o Sml Space and Wellbeing Propct for women, both via Z￿rn and in pernon at While City Communty Centre. This Included Zurnba exerose classes and bme for intw3¢lron. Classès We￿ held three fjmes per%%trk on Zoom and once in DeVelo￿￿j a D￿rtaI Literacy Fram•￿￿£ and trair*in9 our staff in using r( tts supwrt sèrwc• u8e¥s in WUirin9 •¢ggntlai digtsi skillo. Indu(Jing settin9 up a de￿￿. JoiniThJ Zoom tslls. and chath'ng bwth loved ones online. HODAN SOMALI COMMUNI REPORT OF THE DIRECTORsrrRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Achievements and Perfomiance Summary ofthg maln achl•vem8nts of the ¢hartty. Idèntifyin9 the dlfferenee th charjty's work has mad• to the Ircvmstsnces of Its beneflclarle8 and any widèr b•nofits to s￿1ety 4• a wholo H¢Jlan h88 maint8rnd its Advr* and Informalion Servke. providing seTh1¢6s in the AQS Subiect-Based Calegon&% ol Wèlla￿ Ben8fits. Houslng and Employment. and the cl￿nt-BaS6d Cat8gori86 of DIsBbility, Okl&fPeople. Refuws sndAsylum Seekwo, and Womon. In addltion lo th8S8 speethc catewi08, ￿ also provthd adw¢e relating to local semces, eopled members bul so that no one may be appointed a$ a e￿Opled mèmber rf, as 8 result more than one third of the members of th6 management committee would be C￿0p18d. The management committee musl ¢onsisl of no fawtr than four and no more than ephi truSt￿S. How aro rl¥k8 manag•d? Hodan has a nsk management policy Ih8t is reviewed and updated on an annual basis. The risk management policy has been revised to lake into consideration the additional publi¢ health risks from COVID-19. We have also updated our Safeguarding poI￿Y lo in¢lude measures for safeguarding staff and 88Nice Lfsers who are vulnerable lo COVID-19. How ar• •ctlvltle8 revl•w8d7 Hodan carries out a full evalu8tion in O¢tober every ygar, which covers compliance with organisational and fundar objectives, client satisfact￿n. aecuracy and appropriateness of advice, 8 review of training and d•velopment, service effectiveness and efficiency, and Equality. Diversity & Inclusron (ED&II data disaggregated by age. ethn￿rtY and gender. We 8150 hold focus groups to obtsin rich qualitative data on spectfic projects. especially the S￿181 Space and Wellbeing Project. to keep up lo dale with the evolving needs of our service uÉarE. All is fed into our st￿te9￿ Plan. which is rev*wed on a rolling basis and fvlly reviewed at leasl once 8 year, and our Annual Plan. ￿￿jated quartedy. HODAN SOMALI COMMUNITY REPORT OF THE DIRECTORStrRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (continued) STATEMENT OF DIRECTORS AND TRUSTEES RESPONSIBILITIES The Directors. who are also the trustees of the Company, are requi￿ to prepar8 financial statements for each financial year which give a true and fair view of the state of affairs of the Company at the end of the year and its finanaal ath'vities during the year then ended. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and apply them consistently: Makes judgements and estimates that are reasonable and prudent,. State whether applicable stsndards and stst8ments of recommended practs'ce hav8 b88n followed, subject to any matenal departures disclosed and explained in the financial ststements.. arKI Prepare the financial statements on going concem basis unless it 18 inappropriate to presume that the proJect wlll conkn'nue in operation. The directorsnrustees are responsible for keeping proper accounting records ￿lch disclose at any time the financial position of the Company They are also responsible for safeguarding the assets of the Company and hence for takirKJ reasonable steps for the prevention and detection of fraud and other irregularits'es. ExemwJon8 The trustees have taken advantsge of the ex&mptions available to small companies. including the audit exempb'¢)ns (see statement on balance sheet). Signed on behalf of the charitls trustees Director Date...19:.12......... 2022 Elizabeth Cho- Chair io HODAN SOMALI COMMUNITY FOR THE YEAR ENDED 31 MARCH 2022 Independent examlnevs report to tho trustees Respactlve responslblliti•8 of tTU8t88s and examlner I report on the accounts of th& eharity, which a￿ srt out on pages 12 to 19. The charl￿S trust•88 are re8F¥)n51ble for the prepgration of the accounts. The ¢harity's trustees Conslder that an audit Is not required for this year under section 144 ot the Chaiibes *£t 2011 lthe Chariti88 Act) and that an Inde￿nd￿n* examinatron is neg(l&J. 11 Is my re8F4Jn$ibility to.. Examlne tho account under section 145 of ￿ CharitEs Ptt, Foll¢)w th8 procedures laid down in the gene¥al directions $7N8n by tho Charity Commission (undgr seCt￿n 145{51(b) of thg Charrti8s Act," and To state wheth8r perttcular matters have c(Yne to my attent￿n. Ba•18 of lftdepondeni frxaMln&￿5 roport My examination was carriod out in aecotdanca wryth th89ènoral directkjns gfven by the Charity Commlsslon. An examination includes a revtew of thè *ecounting records kept by the Charity and a mmparison of the accounts presented with th06e records. 11 atso indudeg consh￿ratiOn of any unusual Items or disclosures in th8 a¢counts and seeklng e￿lanatiOnS from you as trustees conceming any mallars. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequeniiy no opinlon 16 given as to whether the ￿lunt8 present 8 kn 8rMJ falr and the repjrt is Ilmited lo thotse'matter8 8et out in the staterr*nt bgiow. Bas1$ of Ind•p•nd•nt gxamlnor's report In eonnection with my 8xaminatk)n. no mattw has cwne lo my attention.. 1. Wh￿h gives me reasonab￿ causg to belreve tr￿t in any matenal respect the requirements: To keep accounting records in accordance with the 8ection 386 of the 20C£ Actr, and To prepare accounts whreh accord with the accounting records and c(Mnply with the aecovnting requirement8 of the chant￿ Act have not been mel". or 2. To which. in my opinvJn, attent￿ should be drawn in order to enablg a proper undarstanding of the accounts to be reached. Signed Deborah Richards A4T Communty Accountancy Self Help 1 Thorpe Close, London WIO 5XL Date 22ftd December 2022 li HODAN SOMALI COMMUNITY STATEMENT OF FINANCIAL ACTIVITIES (lTrcotporating the Inc(vne and expenditurè account)FOR THE YEAR ENDED 31 MARCH 2022 Notos Rwtrlctod Unr•8trlcted FtsndB Incoming Resources 2022 Total Funds Punds 2021 Totsl Fund8 Voluntary Income Other Income 139.931 139.931 149,932 Inve8tment Inc 169 Totsl Incomln9 Re80urcg8 139,931 19 Ro•ourc•8 Exp•ndad 139.937 150.102 Charitable Activrtie8 115.027 Govemance Co$t8 116.058 1,595 91,418 1,596 Total Resources Expendod 1.550 116.822 Nat Incomel(Exp8ndlturo1 for the y•ar 32 116,653 23,309 92.968 -25 23.284 Trdn8fer kelween fvnds Fund3 baknce at 1 April 2021 57,133 Fund¥ balane• * 31 March 2022 32,695 108.359 98.973 The statwnent offinancial actswtses includes all gans and losses recognised in the year. All income and expenditure derived from continuing actiW"ties. 108,3S9 The statement of financial activities also complies wrth the requirements for an Income and expenditure account ur7der the Companies Act 2006. 12 HODAN SOMALI COMMUNrrY 8AL4NCE SHEET AS AT 31 MARCH 2022 2022 Totèi Fund• 2021 Totsl Funds Flx•d A•se Tangibje Fixecl Assèts Total Fix•d A￿èts Curront As*•t• Dobtors Cash ai b8nk and In haTh Total Current A88¢ts 5,870 Uabllitl•s Cre*Yitors amounts wtthin one ygar 141F15 125,110 Noi Curr•nt A•••t• -11.932 -18.761 131.843 Crèdrtor8 amounts falling due efter on• y8•r 108.359 Net A8••ts Fund8 ofthe Charfty R&strK4ed Fums 98.973 Unte8trltyJ FuTrls 75.864 31670 Total Fund Ex*nption from aud Forth&Yearend￿g 31L)W22 y)$ tX¥npenyww enUU6dlo exwnpti￿ fron audttimder¥6i*on 477of Ihe Companies Act 2IiE re18bng to snw 0)mpan￿8. Directors rEsponsibHi118s . The m&mbets havo k)otrequiredthe GThnp8nyto obt8m an 4uditdtts a¢llwnts trihep6hL*A*7 ques11￿ accord8nc8 Wrth seth 476,. . The dKecth 8cknoMledge Ic￿¢£¥1￿￿￿v th th• of theAct Iwrip Trspect to 8ccounling Trcrxds thepTrpardlth ofacrwnls. Th8se accounts havo b96np￿p8TrdI￿ aLr0rd8n￿ th•provi&￿6 to 6X¥np￿ subi6Wto tte sman cffiipani6s'r&gm8 Ihe Fwiar*val ReDyting Slandardfr¥ SmallerEntibes (effectlwe Apn12￿8) 13 Sign•d...... Elizabeth Cho Dir•etor and Tn*t•• 14 HODAN SOMALI COMMUNITY NOTES To THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 l. Accountfn9 Pollcles Basis ol pr*paration The finan¢i81 stateM￿ts have been prepared on the historical cost basis, as modif*d by the Tevaluation through of certain financial assets and liabilit&8 and investrftant propertw measurBd 81 fair value Incoma or expendltur8. The financial statements are prep8red in 8terflng, thich rs the ftsnctional currency of the 8ntty. Fund a¢countlng Regtricted income lunds are fijnds whrch hav8 givon tsr 8PKir￿ puw and are spent accordlngly. UnreSlrlcted income fundts are general funds that are avalable for use at the trustae& di6¢retion rn furtharance Oft￿ obigthes ofthe charity. Incomlng r•8ources All incoming resources are mcI￿led In the 8tatement of financial a¢tivths when èntitl&m6nt has passed to the ¢harity', and it is Wobable that the e￿nomiC beneffts associal&J vth the Iransaclion ¥MII flow lo the charity and thg amoLtni can be reliably meatsured. The folk)￿n9 spec1r￿ policw a￿ appli8d to p•rtiGular c8tegoiies of Inc￿9.. Income from donations or grants is feccgnised when thar• IB eVtden* of entrtlement lo the gift, receipt is probable and ils arftounl be m8asure(I reliably. Resourc88 ex￿nd*d Expenditure is rewnised on an accru* ba818 as a li*)ility ￿ incutted. Expenditurn includes any VAT which cannot be fully recovered. Expenditure has bean analysed USI￿ natural and functional classifjcatton. Costs are charged to prOj￿1[￿s (fijnctsonal el8ssiWons) when it Can be clearfy that a proiect 18 using those resources. 15 HODAN SOMALI COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued) 2. Voluntary Incomè Unrg8trfetod Fund• Re¥Mcted Funds Total Fund8 2022 Total Fund$ 2021 In¢omlng R8souTe•s rrusl for London RBK&c Lorrdon CIIY Br￿ge The National Lottery Communrty Fund Kensington & Chkna Foundat Thomas Wall Trust Independ8nl A9e Sports England Pos1cC￿ NeIghb¢￿rhOOd Trust Hilden Charity Power to Change Greater London Authorty Midaye London Catalyst HMRC Council of S)mali Organisation$ Bank Deposit Totsl In¢￿￿ng R•Bourc•• 15,(M)O 15.000 11,341 39.004 76,000 22.681 39,004 31,647 10,000 10.000 4,966 14000 14,028 24,360 14.000 8,700 19,346 5,000 13,492 4,130 7.1Ce 1,500 3,713 150 19 150.102 13.973 13,973 139,931 139.931 3. InveBtm•nt Incomo Funds Restrietod Fund8 Total Funts 2022 Tot81 Fund6 2021 Bank Interest 19 19 16 HODAN SOMAU COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 l¢ontlnued) 4. Charitable Athitses Th08e costs that Telate lo day-tTrday charitable *p4itigs. Unr*8trfcted Fund8 Total Fund8 2022 Restricted Fund8 Total Funds 2021 Salaries/HMRC Tel&phone Volunteer Expanses Rent Empowènx•nt Club 71.136 1.451 71,136 1.451 941 8,133 1,S20 3.390 1,341 2,$10 838 42,554 7,048 190 ARISE 8.133 1,520 3,390 Computer¥ Dadihiye Training B¢)ok-keeplnglPayroll Insuranca Congullancyl Evaluatton Midaye Stationary Poslaqe Eldors tefriendlng Website Develjpmont Advice UK Techsiver (Doro8080 Smartphone) Office Equipment Publictty & Advert& HMRC Miscellaneous Bank chargeB Hospitality Total expgnded 3,555 2.510 838 2,642 5,020 1,500 900 994 5.400 9,338 1,081 58 250 2,250 2.830 8,798 124 995 12.000 3,760 1.502 99 12,000 3,760 I,s02 99 2.803 80 902 610 390 1803 80 902 610 620 620 32 3.713 72 32 115,872 115,903 92,318 17 HODAN SOMAU COMMUNiff NOTES TO THE FINANc￿L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 {¢ontlnued) S. Governanco Costs Includ•169al compliance Including accountancy and ind8￿ndent examinatx)n. serviang the board and slralegi¢ management are now chargad and included in the charttable aclrvrties. Unr98tr1Gted Fund8 R•8trlctgd Fund• Totsl Punds 2022 Total Funds 2021 80okkeepin￿peyr0lI Independent FJamJ'ner Feè8 750 1.095 750 900 650 1,550 6. Debtors Trad& Debtors Prepayments and accrned Total current debtorB 2022 March 2021 5,670 5.670 18 HODAN SOMALI COPIMUNITY NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (¢ontinu•dl 7. CrOditorB amounts falllng du8 withift oTr• year Payr￿1 The Penstons T￿st Accruals _ IndeKwdenl Examinattri Consultancy Midaye Deferred Income Total cutr•nt cr•dltor* March 2022 March 2021 75 197 650 900 750 8. faxatlon The eharlty's aclivrties fall within the exempl￿n by the provisions on the Income and Corporation Taxe8 Act 7988. Accordingly. the￿ 1$ no taxali¢)n eharge In these accounts. 9. staff No member of Staff was paKI over £60,000. The average numbèr of Stsff ¢uring the year w88 three FfE The ¢harty also Èmpbys sessional worktrs for ct8S8es and consultants for 8peci81ist tasks. 10. Going Con¢om the The dir&Cto￿rvsteeS have a reasonable extieCtal￿ that th8 charity wrll conb'nue in operational exlslenc6 for foreseeable futu￿ and have therefore [￿ the w'ng concem basi8 in preparing the financial statements. change The dlr8CtorsArustees keep the income and expendlture of tho charity under review and ￿11 the operating modal accordingty. 11. Company Ilmrted by guarantee Hodan Somali community rs a company limtw by guarantee and accordingty does not have a shar& capital. Every member of the company undertakes to Contribu￿ such amount as may be requir￿1 not exeeedino £1 to the assets of the chaTrfable company in the event of it being wound up white he or she is a member, or within one year after he or sh8 ceases to be a ffthber. 19