HODAN SOMAU COMMUNITY DIRECTOR'S AND 7IUSTEes' REPORT AND ACCOUNTS For Ihe y•ar end•d 31 March 2023 Chority Number.. 1150732 Compony number: 8179170 Independent Examlner. Md Iqbol Hossain ACCA B K Community Accounlont Arches 420421 Bvrdett Rood London E3 4AA
HODAN 50MALI COWaUNITY DIRECTOR'S AND TRUSTEES. REPORT AND AccouNrs Contents Poge Officers and Financiol Advisors Directors, and Trustees. Report Independent Examiners Report statement of Finonciol Activrlies Balance sheet Notes to the accovnts 4-10 12 13 14-18
HODAN SOMAU COlaMU141TY MEMBERS AND FINANCIAL ADVISORS FOR THE YEAIE ENDED 31 MARCH 2023 BOARD OF TRUSTEES: Chair Co- Chatr Treosvrer Member Member Member Elizabelh Cho Priscilla Hon Mahdi Sohra Jama Shukri Ha55an Kaltun Ahmed Secretory Mohomed Farah R•glst•red Offlc•r. Office g Cona15ide House. 383 Ladbroke Grove. London W l 0 SAA Independenl Examln•r Md Iqbal Hossoin MBA, ACCA. ACIE BK COMMUNITY ACCOUNTANT LTD Arches 420421. 8urdett Road London. E3 4AA Bank HSBC Bonk 25 Noth'ng Hill Gate London. Wl13JJ
Hodan Somali Community Trustses. annual rnport and financial statement For the year ended 31 March 2023 Trust8es' report for the Peri¢)d year ended 31 March 2023 The Trustees. who a also directors of the charity for the purposes of tha Companies Act. submit their annual report and the financial stat8ments of Hodan Somali Communty for the year ended 31 March 2023. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements. the requirernents of the charity's goveming documènt and the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charitres" Issued in March 2005. Full name Hodan Somali Community Othèr names by whlch th• Charlty 1$ known.. None Reglstered company number 8179170 Reglstered charlty numbor 1150732 Prfnclpal addre88 Offieo 9 Cana18ide House 383 Ladbroke Grove London W10 5A4 Trustees Elizabeth Cho". Chair, Mahdi Ali: TaSurer, Sahra Jama.. member Priscilla Hon.. Co-chair. Shukrl Hassan.. member. Kaltun Ahmed: member Other Membern.. None Secretary.. Mohamed Farah who is the director of th8 organisation Bankers HSBC 25 Notting Hill Gate London W113JJ Indopendent examiner Iqbal Hossain BK Community Accountant Ltd Arches 420421. Burdett Road London E3 4A4
Ob"ectives and Activities Summary of the purposes of the charlty as set out In its governing document Hodan was established for the tnefit of tha Somali communty living andlor WOTking in Kensington and Chelsea and surrounding ljoroughs. The charity's purposes are to relieve povety, to advan education and to provide or assist in the provislon of recreation and leisure activities, to improve the conditions of le's lives. Summary of the maln actlvitles In relation to thosè purposes for tho publlc benefit, In particular, tho actlvltles, projects or servlcos Identlfled In the accounts. (NOTE.. Th• trustees have had regard to the puidanco issued by the Charlty Commlssion on publlc benefit). Hodan carried out tl following activitles in 2022123 Running an AQS-acuedited advice and information servrce for the Somali and wider BAME CMunity in LC. covering a wde rarKJe of matters inciuding housing, wèlfare. 8mployment, utilities and health. Wè have fully rwned the Ladbr(e Grove office and most of our ewuiries are in [. although we still provide advice via lelephone and WhatsApp on rgquèst. We now offer rK)n-regulaièd money guidance and are seeklry FCA autrthth'on to dèbt adwee. As part 0fr pers, Pwjllstlc Servi provision. translating letters beiween Somali and English and communicating with third parties {e.g., landlord5 or Ioc81 authorities) on bew of seprfic8 us8r8, as required. Offering an Advic4 and Befriendlng 8eNce vla home vlsj'ts. and in scne cases through our telep18 helpline, ftr people experiencing knneliness. b8r8avomen( andlor poor ntal health. Continulng to run the Social Space and Wellbeing Project for Women, both via 2M and in person at Whitti Cty Communty Centre. This now indudes Chalr- Based Exercise ¢lasses for ser¥1 usets wilh limited mobility (one dass per week) as well as Zumba (three classes). RecnJiting new volunteers to use the Digital Literacy Skills Framework to suptKKt setvice users in acquiring essential dlgilal sktlls. th through a series of workshops, and through 1.. 1 support in the Offi while waFbng ft)r afvice.
Achievements and Performance Summary of the main achlevements of the I charity, identifying the difference the charity's work has made to the circumstances of its beneficiarles and any wlder benefits to soclety a8 a whole Hodan has maintained ts Advice and Information Servi, providing services in the AQS Subject-Based Categories of Wemare Beneffts. Housing and Employment. and the Client-Based Categories of Disabilty. Older People. Refvgees andAsylum Seekers, and Women. In addits'on to these specific categorles, we also provided advice relating to local services. education and trainin9, confidenc&building. social integration, and other related matter5. As in previous years, we have continued to offer Mental Health First Aid and Motivational Interviewing alon9side the regular advice provisFon. This has enabled us to continue SUPPOrting people suffeAng from mental health issues. induding depression. anxiety, stress and loss of confidence. especially in the context of post-COVID unemployment or bereavement. We handled a total of 751 cases in 2022123. corresponding to 294 di•nts. In 2022123 increased our fcKJJs on income maximisation, by supporting people to apply for welfare benefits and other govemment support packages provided to help people through the cost-of-living crisis. with fundlng from tho Tru81 for London. Because of language and literacy barriers, many of our service users were unaware that th6r6 was additional support available to help them keep up with energy bills and other basic needs. We supported 118 service users to claim their entitlements in 2022123 and succe8d8d in getting a total of £140735.48 - whith would othenvts8 have gone unclaimed ~ into the bank accounts of people in dlre The Befriending Servic& worked with a totsl of 41 elderly dients in 2022123, some by teleph£e and others face to fac£. ThrowJh the ARISE (Actively Reduqng Isolation for Seniors) project funded by the National Lottery Reaching Communities Fund, we provided 20 more people with a drgrtal device (smartphone or tablet) and basic training in how to use it, in addition to the 25 who had reIVed a device through Hodan in previous years. Over tha course of the year, we had seven short-term volunteers, three medium-term volunteers and three staff members tralnlng a total of 66 people in Digrtsl Lrteracy Skills. Service users greaty appreclated these sessions, in which they leamed how to accesg the Intemat and use a vanety of online servjces, induding Mall. GP appoinknents. WhatsApp, ZcK)m. and ioumey pnDIng. Our Social Space arKI Wellbeing Project is continuing via Zumba on Zoom (Iwo sessions per week) and in-person sessions at INhite Cty Community Centre (lTho per week, comprising one Zumba dass and one Chair-Based ExeTCiS6 dass for older le and those with reduce(I
mobility). A total of 107 separate individuals attended at least one session during the year. with a core group of 62 attending regularty. Hodan sered one new grant in 2022123 (£25.000 from the Postcode Society TnLSt) and has successfully reached Stage 2 wtth a large application to the City Bridge Trust 'Bridging Divides. programme for a total of £185,425 over five years. We have completed an in- person assessment and are hoping that a F)osilive outcome wrll be announced soon. There are hvo other applications in wogress. respectively to Trusthouse Charitable Foundation (£100,000 over three years) and Drapers Charitable Foundation (£14,971 as a oneknoff grant). We are also intending to submit to the Mrs Smith and Mount Trust when they repen applications. Regrettably, the Fi8hmongers Charitable Trust and Lond Freemasons. Charity, for which we had drafted bids. are not currently ac&gPilng applications. We will Continue to rrronitor th8 Situats'on and submlt these bids if the funds reopen. s in previous years, the feedback from service users has been overwthelmingly posib've. The most significant change for 2022123 was that a number of people reported 8xp8riencin9 positive changes in their lives because of the digitsl literacy skills training. ranging from th8 ability to reconnect Ihryth fri8Trds and family (often overseas) using simple free communicats'on apps like WhatsApp and Zoom. to the ability to plan a joumey using maps and transport apps. Service us8rs also reported using their digital devices lo find out the weather forecast, S8arch the Inlemet for recipes. book GP appointments (whjch saved them a slgnFficant amount of time in comparison to waiting in the call qu8ue). As before, service users also reported improved mental and physical health resulting from the Wellbein and &xial S ReCWilnnTr We SUCQeded in recruiting a part-time Admin and Communications Officer (originally a target for 2021122). Because of this successful appointment, it was not deemed necessary to look for a new Trustee wrth expertise in PR and marketing. Induct and Trn7uneration." This was completed on schedule. While some training was still needed from the retained consultant. senior advi* workers took on most of the responsibility for induction. Ml staff members have received a pay rise and are being paid at the London Living Wage or above, although this has not kept pa with inftation. Porforniance agalnst human resources targets (see 2020-23 strategic plan for details) supers1on and support.. A new supervision form has been created and duly coMeted. 'Effectiveness of support and superwsion, has been added as a 12tegory to the full-serrfice evaluation, but this has not et be&n
finalised. Tr&ning and development.. Senior advice stsff have taken on some of the responsibility for training new staff and volunteers, wlth support from the retained consuttant. Management and engagementr Th8 establishment of the Service User Forum has been postponed to 2023124 as staff have been prioriti'sing other areas of activity, such as the consultation for the new strategic plan. Evaluation andreyw." An interim and first year report has been submitted for the Actively Reducing Isolation for Seniors (ARISE) project tundod by the National Lottery Reachln Communities FurKI. Policies and procedUS have been revised and upgraded. where necessary. The focus has shifted from seeking AQS accTeditab'on for 'advico with casewoth, to seeking FCA authorisation to provide debt-related advice. We ar8 seeking 'limited p8rmissK>n' (th8 level approprlata for non-profit (nisations}. which would allow us to offer dabt counselling. debt adjusts'ng. and credlt Information 8eThices. The result of this application will be announcèd in 2023124. We have not yel conducted desk TrSOah on Hodan's place In the sector, as it wa8 felt that there w8r8 riorities. Porfornmnce agalnst targets for continuou8 Improvement of the advlce servlce (see 202( 23 strategic plan for details) Perforniance agalnst fundralslng targèts (see 2020-23 strategic plan for detalls) ile we have continued to focus on grant-based fundraising for 2022123, the Admin and Communications Offir has been doing some of the groundwork for diversfying funding sources, whlch will continue into 2023124 if it continues to be identified as a priority in the new strategic plan. If applicable. this will include outreach to companies to request consideration for Corporat8 Social Res nsibilil schemes. (1) EXpar weekly social media plan to include a focus on recruitment of individual supporters," (2) Create supporter database and expand it through increasing I press coverage (newspaper5, local magazines etc.): (3) Create a monthly or bi-monthly newsletter for suppcyters through email and social media While project placements with Hodan were advertised to students at the London Interdisciplinary School. there were unfortunately no applications for them. It is recommended that in 2023124. a member of Hodan staff offers to provlde a guest lecture or talk at LIS to encourdge students to sign up for placements andlor to volunteer at the organisalion. The search that was meant to be conduded through these placements (exploring unmet need5 within existing partnerships. and idents'n9 new opportunrties for collaborats'on with universities has been deferred to 2023124. P•rfomianco agalnst marketing targets (see 2020-23 strategic plan for details)
Flnancial Mana ement and Reserves Statement explalnlng the policy for holding reserves ststing Why thay are hèld A Contingerw Reserve is held in or(ler to retain sufficient funds to Cope with a worst-case snariO of a sudden cessab'on of all funding. In this circumstance the fund should be lae enough to enable.. (i) Hthjan to conb'nue to operate for a period of six months. Ihis being a reasonable wiod of time decKled by the Trustees to cplete ongoing work and make arrangements for w(ndin9 down: (il) Hodan io C4)ver any other (x)sts involved in windlng up. To allow the Trustees tlexibilty to deal with unfores8en opportunities or act to mitigate unexpect8d risks. such as a partial cessation or temporary reduction of funding. up to half of this Contingency Reserve may be diverted to an Urgent Opportunities Fund (providèd that there is still enough fijnding left lo Ver windlng-up costs). In the event that this is used, the Trustees should discuss a strategy for replenishing Ihe resarves during the annual review. The Contingency Reserve Is an unrestricted reserve and d*s rK>i indude funds that have already been earmarked. e.g.. for staff salaries within funded Flnanclal rovlew HcKlan has developed a Fundralsing Strategy built into ts strategic plan and vieWed on a yearly basis. Tho Treasurer is responsible for financial management and presents the organisath'on's financial situation during trustee meetings. A new Fundraising Strategy for 2023-26 will be developed as part of the 2023-26 Strategic Plan. A process of Cmttation Wlth staff, service users, and trustees to create this plan will take place earty in 2023124.
Structure, Governance and Mana ement Typo of goveming document Constitution How is the charlty ¢onstltuted7 Charitable company limited by guarantee Trustee selectlon methods includlng details of any constitutlonal prov181ons e.g. election to post or namo of any person or body entitled to appoint one or more trustees The management of the charity is tha responsibility of the trustees, who are elected under the terms of the goveming document of the organisation. The new Board of Trustees is elected at Hodan AGMS by seNice users. All registered members have the right to stand for election as trustees (members of the management committee). The managemenl committ8e may in addition appoint not more than three COpted members but so that no one may be appointed as a COwOPted member if. as a result more than one third of the m8mbers of the management committee would be co- Opled. The management committee must consist of no fewerthan four and no more than ei ht trustees. Hodan has a rfsk management policy that Is reviewed and updated on an annual basis. The risk management policy has been revised to lake into consideration the additional public h8alth risks from COVID-19. We have also updated our safeguarding policy to include measures for safeguarding 'cuslomers in vulnerable circumstances,, according to the FCA definitron. How aro risks managed? How are actlvltles reviewed? Hodan carries out a full evaluation in October every year, which covers compliance with organisational and fundar objectives, cli8nt satisfaction, accuracy and appropriateness of advice, a review of training and development. support and supervision, service effectiveness and efficiency, and Equality, Diversity & Induslon {ED&I). We also hold focus groups and interviews to obtain rich qualitative data on spècific projects. All is fed into our Strategie Plan, whlch is reviewed on a rolling basis and fully reviewed at least once a ear, and our Annual Plan. u dated uarterl Signed on behalf of Management commitlee by". Signed: Date: 15/05/2023 Printed name: Posltion- 1£
Independent exomlner's report to thè trvstees HODAN SOMALI COMMUNITY Por the year ended 31 March 2023 I report on the accovnts of tt)e company for the period ended 31 March 2023. which are set out on poges 12 to 18. Respeclfve responslbllilies ol trustees and examlner The trustees (who are Olso the dffect(Y5 of the compony for the purpose of compony lowl are responsible for the preparation of the accounts. The trustees consider that an audil is nol required for this year vnder section 144121 of the Charities Act 2011{Ihe 2011 Actl and that an independent exomination 15 needed. Having satlsfied myself thot the charity Is not subject to ovdil under company low and is eligible for independent exominalron. it is my responsibility to". examine the accounts vnder section 145 of Ihe X)I l Act.. to follow the procedures laid down in the general Directions given by Ihe Charity Commission under sectron 145(5)Ibl of the 2011 Act.. and to state whether particulor matters have come lo my ottention. 8asls ol Independenl •xomlner's report My exomination was CO[ed out in occordance wrth the general Directions given by the Chority Commission. An exomination include5 0 review of the occounting records kept by the charity ond o comparison of the occounts presented wrth those records. It atso includes consideration of any unusual items or disclosures in the occounts and seeking explonalions from you as Irustees conceming any such matters. The procedures undertoken do not provide all lh8 evidence that would be requed in on audit and consequently no opinion 15 given as to whether the accounts present o 'tnJ8 and fair view, and the report Is limited to those motters set out in the statement below. Ind•p•nd•nt examlner's statement In connection wrth my exomination, no other matter except that releed to in the above parogrophs. hos come to my attention: 11 Iwhich gives me reasonoble couse to believe that in any material respect the requirements.. to keep accounting records in occordance wth section 386 of the Companies Act 2CK)6.' ond lo prepare occovnts which accord with the occounting records. compty with the accounling requiremenls of section 396 of the Companies Acl X()6 and with the methods and principle5 of the Statement of Recommended Praclice.. Accounting and Reporting by Chorities hove not been mel.. or 121 to which. in my opinion. attention sl)ovld be drown in order to enoble a proper understanding of the accounts to be reoched. Md Iqbal Hossoin, ACCA K Community Accountanl Arches 420-421 Burdett Rood London E3 4AA Date: 15 May 2023
HODAN SOMALI COMMUNITY Statement of Financlal Aclrvilles (Including income and expenditure oceounl) 31 March 2023 Not Unlestrlcl Restrlcte ed Funds TOTAL Unreslri Fvnds cled 2023 Funds Incoming Resources Reslricte d Funds TOTAL Funds 2022 Donallon and légoclos 100 116.716 139.931 139.931 Investsnent Incom• 32& Totol Income Expendllur• on: Chothqble acmvllles 426 117.042 139.931 139,938 109.338 109,414 Governonce Costs 115,027 115.059 1,595 Total •xpendhw• 1,595 76 110.571 110.647 116.622 N•t Inc¢)me & net mov•ment In fvnds R•conclllallon of fvnd: Total Ivnds brought lorward Total funds carded 7 76,654 6a95 23.309 23.284 32.670 98.973 131.643 32.695 7S.664 108.359 33.020 105.018 138.038 32,070 98.973 131,643 TOTAL RECOGNISED GAINS AND LOSSES The Chority has no recognised gorns or losses other than the net movement in funds for the obove period. The statement of financial ocfvvifies otso comleS wilh the requirements for on income and expenditure occount under the Componies Act 2Ix)6. The notes on pages 74 to 18 form part of these accounts. 12
HODAN SOMALI COMMUNIIY BAIANCE SHEET AS AT 37 MARCH 2023 Nole FIXED ASSETS 2023 2022 Office Equlpment io 4,674 Debtors Cash ot Bank Cash In hand Tolal Current Assets 133,965 143,575 134,410 143,575 Credltors and Accruals Net Current Assets Net Assets 12 (1,046) (11.932) 133,364 131.643 138.038 131,643 Unrestricted Funds Restrlcled Funds Total Funds 33,020 105.018 32.670 98,973 131.643 138.038 exemptlon from audll For *hè year endin9 3110312023 the compon requirement to obtain on audil under section 47 is entitled lo exemption from Ihe of the Companies Act 2C()6 ond that member5 hove nol required the company to obtain on audit in accordonce with section 476 of Ihe Acl The directors acknowled e their responsibilities for complyin the Componies Act 2cK12with respect to accounting recor accounts. with the requirements of s ond the preparation of The accounts hove been pr&pared in occordance Wilh the provision5 in Part 15 of the Companies Acl 2QJ6 applicoble to company's subiect to the small componies, regime. These accounts were approved by the Boord of Direclor5 and Trustee5 on 15 May 2023 and were signed on its behalf by: Signed- Prlnted name Position - The notes on poges 14 10 18 fomi art
HODAN SOMAU COMMUNITY Note$ to Ihe Accovnts For the year ended 31 March 2023 l. Aecountlng Pollcies The principal accounting poficies are summorised below. The occounling policies have been opplled consistently Ihroughout the yeor. 1.180$1s ol Accounllng The finonciol statemenls have been Frfepared under the historical c05t convention and in accordonce ¥th the applicable Accounting standords ond the Statement of Recommended Practice "Accovnting and Reporting by Choritie5" published in March 2C05 and me Companies Act 1985. The company hos taken advantage of the exemption in nancIal Reporting S*andord No. I from the requirement lo produce a cash flow statement on the OUndS Ihat it is smoll company. 1.2 Incomlng Resources Income from aclivifves. voluntary inc¢Jme and donotions are included in incoming r850vrces when they ore receivable. excepl when the donors specify thot they must be used in future accovnting p[05 don(ys' conditions hove not been fulfilled. then the income is deferred. The income from fundraising ventures is shown gross, wilh Ihe associoted costs included in fundraising costs. 1.3 Rej0ces Exp•nded Resources expended are included in the Stotemènt of financial Activities on occruaLs basis. inclusNe of ony VAT that connot be recovered. Expenditure that is direct atlributoble to specific octivities has been included in these c05t categleS. Where costs ore altribulable to more thon one aclivily, they hove been apportioned ocross the cost colegceS on a basis consistent with the use of those resources. 1.4 Golng Concern Bos The finoncial stotements hove been prepared on the going concem basis os in the opinion of the director and trustees. there are no issues arising which would suggest ony other basis as being more appropriate. 1.5 D•pre¢loHon Depreciation is provided vsing the following rates ond bases to reduce by annual instolments the cost, less estimated residuol valua. of tangible (wets over the eslimated useful lives" Fumilure. Ftures. Fitlings and Equipmenl- 20% on reducing fine basis. 14
HODAN SOMALI COMMUNITY Noles to Ihe Accounts For the year ended 31 Morch 2023 Z Income from donallons ond legocles Gronts. donalions, and legocles: Unre51rfcted Funds Restricted Funds 2023 2022 Small Donollon ARISE RBKC Tiust for London (TFI) Thoma5 Wall Tru Independent Age Clty 8rldge Trust RBKC Adull. soclal c4xe Mkl KC Foundollon Greater london Aulhfxlly (GLA) The Narfonal Lottery Communlly Fund Oth* Incom• (CSO TOTAL Income 100 11.182 Is.000 15.0(Kl 15.000 4.966 14,000 39.004 23,550 23.550 13.973 8.958 10.000 8.958 57.726 57.726 31.647 110.610 116.716 139.931 3. Inveslment Income 2023 2022 Bank Inter• 326 326 Tolal 15
HODAN SOMALI COMMUNITY Noles lo the financlol stalements (¢onHnulng) Expendllure ¢)n Ch¢Jrllable Acffvllles by Fund lype". Un- restrlcle Reslrfcted Funds Charitable octivilles & Support Cost Restiicted Funds Total 2023 festrlcte Tolal 2022 Funds Funds Salary. NIC & Per Telephone ent & Rates Volunlew Expens•s Employment Club 75.416 71.136 1.457 8.133 71.136 S.568 1.424 8,133 Computers Repalr Project - Dadlhl stall Trolnln Insurance Consulionc / Evaluollon ProJ•ct- Mlday• Stalfona .% Postage Web¥lte & It su Advlc• UK TechSlver(D•ro8080 hone Office E yl m•nl Re Mlscellaneovs PubliL& Adverh Bank ChoT HosTrltol De¢[alkIn Tolal 12260 1.520 3.390 12260 3,390 1,341 2,510 995 12.IN)o 3,760 1,601 390 2,803 3,760 1.601 7.389 1259 610 610 32 76 76 29 1.169 109,414 29 1,169 109.338 76 115.872 115.903 5. Govemanc• Costs: Un-reslricted Funds estrieted Funds Tolal 2023 Totol 2022 Bookkeeplng/ P(ryroll Compllance Independenl Examlnatlon Total 267 316 650 207 316 650 1233 750 IA95 16
HODAN SOMAU COMMUNTrY Noles to Ihe flnanclal stalements (conffnvlng) Year ended 31 M(Hch 2023 6. Expendllure on Charfloble Aellvllles by Adlvlty type." Chariloble aclivitle5 1 Support Cost Servlces Govemon ce Fund rolslng Total 2023 Total 2022 Propety Costs Deweclatlon Dlreel Costs Salary Other Indbect Costs Total 1,169 32.753 75.416 7a 115.2S7 1.169 33.986 75.416 76 46.330 71.136 117.498 7. TRUSTÉES EXPENSIS No expenses are paid to Twstees. No employee eamed MOE Ihon £60.Cx)J during the yeor12022". nll). 8. Related party tran$acllons There are no reloted porty tronsoctions to disclose for 202311)72: nonèl There are no clonalions from related porties which are outside Ihe normal covrse of business ond no restricted donation5 trom related parlies. 9. Toxollon The charftable company 15 exempt from corporation tax as all its income is charitable and is arjplied for charitable purposes. 10. Flxed Assets Computers Office Equipment Total AtIA rf12022 Addmon5 Dls osols At 31 March 2023 Cost 418 5.425 418 At 7 A rll 2022 Dl$Eo_sols Char -e thlstseriod At 37 MaTch 2023 Depreciotion 5.843 1.169 1.1*49 At 31 March 2023 Net book value 4.674 17
At 31 March 2022 HODAN SOMAU COMMUNITY Notes lo Ihe Ilnonclal statements (conllnulng) Year end 31 March 2023 DebtQfS 2023 2022 Debto 12. Credtt 2023 2022 Deleryed Income Ind• endenl examlnollon Trodlng_credikns 11,182 750 a50 396 11,932 Accruals: Provision for Accountancy fees. Benellts In klnd There were no benefits in kind in Ihe p0ri0d. Independent examlnallon and aceountoncy seThk•s Dvring the period, the cost of the examination and accountancy setvices was £650. Glossary of terms Resfrlcted fvnds.. These ore fvnds given to the charity. svbjecf to specific restrictions set by the donor, but still wilhin the general objects of the chority. Credl These are amounts owed by the ch(Thty, but not paid during the accounting period. Debtors: These are omounts owed to the chorrty. bvl not received in the accounting period. Prepoyments: These ore seTrices thot the chartty hos paid for in advonce. but not used during the accounting pefFOd. 18