Trustees, annual report and financial statement
For the year ended 31 March 2024
The Trustees, who are also directors of the charity 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 2024; The Trustees confirm that the
annual 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 Charitres" issued in March 2005.
Full name: Hodan Somali Community
Other names by which the charity is known:
Registered company number:
Registered charity number:
Principal address:
Office 10, Canalside House
383 Ladbroke Grove
London
W10 SAA
None
8179170
1150732
Trustees
Elizabeth Cho: Chair, Mahdi Ali: Treasurer, Sahra Jama: member
Priscilla Hon: Co-chair, Shukri Hassan: member, Kaltun Ahmed: member
Other Members: None
Secretary: Mohamed Farah, who is the director of the organisation
Bankers
HSBC
25 Notting Hill Gate
London
W113JJ
Independent examiner
Iqbal Hossain
BK Community Accountant Ltd
124 City Road
London EC1V 2NX

l. Objectives and Activities
1.1. Summary of the purposes of the charity as set out in its governing
document
Hodan was established for the benefit of the Somali community living andlor working
in Kensington and Chelsea and surrounding boroughs. The charity's purposes are to
relieve poverty, to advance education and to provide or assist in the provision of
recreation and leisure activities, to improve the conditions of people's lives.
1.2. Summary of the main activities in relation to those purposes for the
public benefit, in particular, the activities, projects or services identified in
accounts
Hodan carried out the following activities in 2023-24:
Continuing to run a drop.in service and a telephone helpline for the Somali and
wider BAME community in London, as a first line of practical and emotional support for
individuals and families struggling with the cost-of-living crisis and other interconnected
problems. We provide advice and support on a wide range of matters, including housing,
welfare, employment, utilities, and health. Clients who need further support are
signposted to mainstream services andlor our one-to-one appointment service, as
applicable.
Delivering one-to-one sessions with the most vulnerable and marginalised members of
our community, who need tailored support to help them claim all their entitlements,
manage arrears, improve their budgeting skills, accessing job market andlor reduce
energy bills. This support service is aimed at people with complex needs, such as poor
literacy (including digital literacy), lack of English language skills, disabilities, mental
health difficulties, long COVID, and/or social isolation. These holistic, person-centred
sessions often include:
Providing non-regulated money guidance as required, in accordance with the Money
Guidance Competency Framework.
Translating letters between Somali and English, and communicating with third parties
(e.g. landlords or local authorities) on behalf of service users.
Using Mental Health First Aid andlor Motivational Interviewing strategies, where
needed.
Training in digital literacy skills, both through workshops and through 1.1 support in
the office while waiting for advice. We have updated our Digital Literacy Skills
Framework, and there are bNO active long-term volunteers and three staff members (one
of whom is a former volunteer) trained in using the framework.
Training in employability-related skills. Our new project builds on the Digital Literacy
Project to support community members, especially youth, who are unemployed or under-
employed. We provide employability advice and support drop-in sessions in which we
help people with applications andlor signpost them to education and training providers or
NOTE: The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

mainstream employment agencies. We also design and deliver workshops focusing on
specific employability-related skill areas - building confidence and self-esteem, job
searching, CV writing, online applications, and the interview process.
Continuing to offer a Befriending service via home visits, and in some cases through
OLJr telephone helpline, for people experiencing loneliness, social isolation, bereavement,
andlor poor mental health.
Expanding the Social Space and Wellbeing Project for Women, which now offers
five fitness classes per week. A trained and experienced fitness instructor provides two
sessions of 'Zumba on Zoom, (online video call), two in-person Zumba classes (one at
White City Community Centre and the other at Canalside House, Ladbroke Grove), and
a Chair-Based Exercise class at White City Community Centre for service users with
limited mobility. All classes are free of charge and include dedicated social time and, in
ij
the case of the in-person sessions, complementary refreshments.
2. Achievements and Performance
2.1. Summary of the main achievements of the charity, identifying the
difference the charitvs work has made to the circumstances of its
beneficiaries and any wider benefits to society as a whole
2.1.1. Reducin
the Im
act of Povert
and Disadvanta
Hodan has expanded its Advice and support Service to four days per week. We have
continued to improve the quality of our service to meet, and sometimes exceed, AQS
expectations. Our AQS certification was successfully renewed in December 2023
with only two corrective actions (increasing the frequency of supervision for staff and
increasing the level of professional indemnity insurance), which have now been
completed. We received several commendations for good practice from the AQS
inspector.
We continued to provide services in the AQS Subject-Based Categories of Welfare
Benefits, Housing, and Employment, with the addition of Health and Community
Care, and the Client-Based Categories of Disability, Older People, Refugees and
Asylum Seekers, and Women, with the addition of Race Equality. In addition to these
specific categories, we also provided advice relating to local services, education and
training, confidence-building, social integration, and other related matters.
We successfully resolved a total of 855 cases in 2023-24 (compared to 751 in 2022-
23: a 14 % increase), presented by 288 clients (compared to 294 in 2022-23: a 20/,
decrease). This indicates a modest increase in the mean number of cases per client,
from 2.5 to 2.9. The majority of resolved cases involved reducing the impact of
poverty and disadvantage within our local community, with 68 % of clients coming
from either W10, W11, NW10, SW5, SW6, W2, W9, W12, or W14 postcode districts.
The remaining 32 % were spread over a wide geographical area.
We maintained our work on income maximisation in response to the cost-of-living
crisis, assisting people to apply for welfare benefits and other sources of financial or
in-kind support from the central government or local authorities, through our ongoing
funding from the Trust for London and a new grant from the City Bridge Trust and
Postcode Society Trust . We supported 224 service users to maximise their income
by claiming their entitlements in 2023-24 (our largest matter category), towards a

frve-year target of 300 people by September 2028. This suggests we are on track to
exceed our project target by a very significant margin. The total financial gain
secured by these clients was £278,508.94, almost double the £140,735.48 secured
in the previous year. As in previous years, our work on income maximisation also
had a wide range of non-financial outcomes. These included, among many others,
reducing stress, anxiety, depression and suicidal ideation; preventing eviction and
homelessness; and helping people to pay off arrears and avert court action.
We strengthened our focus on energy saving and supported 68 people (towards a
five-year target of 150 by September 2028) to reduce their energy bills andlor
prevent the disconnection of utilities by adopting energy-saving measures, improving
their budgeting skills, changing suppliers, and/or claiming government support, as
appropriate. Hodan has passed the initial stage of validation for the Energy Redress
Scheme, and we are waiting for the next round of funding to be announced.
We dealt with 139 housing-related cases, our second-largest matter category. In
addition to rent arrears, these included advocating on clients, behalf with local
authorities, housing associations, or private landlords to secure necessary and often
long-overdue maintenance or improvements to properties. We also dealt with 33
health-related cases, most of which involved securing home adaptations andlor
mobility equipment (wheelchairs, walking frames, etc.) for disabled people, enabling
them to continue living independently in their own homes.,,
2.1.2. Buildin
Skills and Confidence
A total of eight volunteers, two medium-term and six long-term, participated in the
digital literacy project during the year. We conducted two rounds of Digital Literacy
Skills workshops in 2023-24, one in July 2023 with 21 service users, and the other in
December 2023 with 22 service users.
A total of 91 people have participated in the project at least once (this includes
people who were trained in digital literacy skills while waiting in the queue to access
other services at the Hodan office). Of the 91 participants, a total of 86 (94.5 % )
recorded a skill gain of 1 point or more , as determined by comparative assessments
with the Hodan Digital Literacy Framework at baseline and at the most recent review.
Among those who recorded a skill gain, the mean gain was 14.9 points (compared to
10.7 points in the first six months of the project) and the median was 10 points. The
highest indrvidual skill gain recorded so far during the project is 54 points.
As in previous years, participants experienced a range of benefits from digital literacy
skills training. Some of these were:
Reductions in isolation and loneliness through reconnecting with friends and family, both
in the UK and overseas, through messaging and video calling apps
Improved ability to access public services such as GP appointment bookings, repeat
prescriptions, council tax payments, and welfare-related administrative tasks such as
updating Universal Credit journals
Improved ability to carry out daily activities, such as shopping and banking online
Easier access to information, such as public transport timetables, prayer time reminders,
weather forecasts, daily news bulletins, and recipes
111 p
A gain of I point in this metric can represent either (a) the difference between doin8 a specific task
independently and doing it with help, or (b) the difference between doing it with help and being unable to do
it at all. The numerical skill gain is not necessarily proportional to the impact on service users, lives.

In 2023-24 we increased our emphasis on employability skills, both within and
beyond the category of digital literacy. We have developed a bespoke Hodan
Employability Skills Framework, incorporating Module 1 ('Foundation Skills,), Module
2 ('Communicating') and Module A2 ('Looking for a job,) from the original Hodan
Digital Literacy Skills framework, together with a new Module A3 on 'Being
interviewed for a job, that includes specific interview skills and navigating public
transport to the interview venue.
We conducted 35 employability advice and support drop-in sessions in 2023-24, in
which a total of 25 people (towards a 5-year target of 70 by September 2028)
improved their employability by building confidence and gaining new skills.
Employability workshops for young people are scheduled to start in May 2024 in
collaboration with NOVA New Opportunities.
Of the 25 drop-in session participants, 15 have already secured a new job, one has
gained a place on a paid training programme, and another has applied for teacher
training.
2.1.3. Mental Ph sical and Social Wellbein
As in previous years, we have continued to offer Mental Health First Aid and
Motivational Interviewing alongside the regular advice provision where necessary.
Reported outcomes include improvements in mental and emotional wellbeing,
reduced stress and depression, and reduced isolation or loneliness.
The Befriending Service worked with a total of 44 clients in 2023-24, an increase of
three from 2022-23. While new enrolment for the Befriending Service has slowed
down since COVID-19 lockdowns ended, as most people have been able to resume
their normal social activities, we still maintain a steady core of regular service users
who are housebound and socially isolated because of their age andlor chronic
illnesses or disabilities. Most of the former Befriending Sérvice clients are still using
other Hodan services.
Our Social Space and Wellbeing Project is continuing via Zumba on Zoom (two
sessions per week), in-person Zumba (two sessions per week), and a weekly Chair-
Based Exercise class. The project now has two separate WhatsApp groups, one with
62 members and the other with 31. While not all these women participate regularly,
let alone every week, they have all attended at least one class over the course of the
project. There are also 40 other women who attended the classes but did not join
either of the WhatsApp groups, bringing the total number of people who participated
during the year to 133. This is an increase of 26 from last year.
As in previous years, the feedback for this service has been ovenmhelmingly positive,
with participants reporting a wide range of different wellness benefits:
Mental wellbeing.. feeling happier, lighter, younger, more energised; less bored, less
empty, less stressed; more self-care time
Physical wellbeing.. feeling generally fitter or healthier, losing weight, improved strength
or flexibility, fewer aches and pains
Social wellbeing." less lonely l isolated, more confidence, getting to know neighbours,
making friends, supporting each other, learning about other cultures, improving English
language skills

More detail and a breakdown by class type (In-Person Zumba, Online Zumba, or
Chair-Based Exercise) can be found in the ARISE Project year 2 report.
2.2. Performance against human resources targets
2.2.1. Recruitment
The new 2023-26 strategic plan includes a succession plan for managing the
impendrng retirement of Mohamed Farah, who has been Executive Director since
Hodan was established in 2005. The key objective, which is ongoing, is to support
Khalid Ali as the incoming Executive Director through training, mentoring, and work
shadowing.
We have drafted an updated job description, to be approved by the Trustees, for a
new part-time Advice and Support Worker to join the team. We intend to advertise
this position internally to existing volunteers in the first instance.
The following 2023-24 targets have not yet been met:
To recruit, induct, and train a new Trustee with experience in navigating significant
organisational change. Carried fonvard to 2024-25.
To recruit, induct, and train eight new short-term volunteers and bNO medium- to long-
term volunteers for the Digital Literacy Skills project. We recruited two short-term
volunteers, as well as a medium-term (5 weeks) full-time paid intern who can contribute
to Digital Literacy Skills workshops in June/July 2024 as needed.
2.2.2. Induction and remuneration
We have met the target for ensuring that all new personnel, including volunteers,
receive a thorough induction based on the Competencies Framework and the person
specification for their job.
The responsibility for induction and training of volunteers is gradually being
transferred from Mohamed Farah as Executive Director to Khalid Ali as incoming
Director.
We have conducted a review of pay and confirmed that all current staff members are
paid at or above the London Living Wage of £13.15 per hour, which corresponds to
£25,642.50 per annum (pro rata for part-time staff).
2.2.3. Su
ervision and su
ort
Supervision was identified as a corrective action in the 2023 AQS review. We have
improved the reporting of supervision and increased the frequency from quarterly to
bi-monthly.
The responsibility for supervision and training of volunteers and, later, paid staff is
gradually being transferred from Mohamed Farah as Executive Director to Khalid Ali
as incoming Director.
2.2.4. Trainin
and develo
11
ment
The incoming Director has completed training in Monitoring & Evaluation (Theory of
Change), fundraising. health and safety management, supervision, and performance
management (e.g., reviewing Training and Development Plans and conducting
appraisals).
See 2023-26 Strategtc Plan for deta ils.

New short-term volunteers have received training in Safeguarding and the use of the
Hodan Digital Literacy Framework.
The other target in this section was:
All medium- to long-term volunteers to receive training in Mental Health Awareness.
Deferred to 2024-25
2.2.5. Mana
ement and en
ement
We conducted a review of all policies and standard operating procedures to reflect
AQS v4. A cybersecurity and data protection audit has been scheduled to take place
in May 2024.
2.2.6. Evaluation and review
We have completed the Year 2 evaluation for the ARISE project funded by the
National Lottery Reaching Communities Fund. The values-centred evaluation
framework has been updated.
The following targets are still pending:
Prospective Director to be trained in project monitoring and data collection with the
framework. Deferred to 2024/25.
Final evaluation of Access to Benefits project (Trust for London). Due in 2024/25 as the
project end date is June 2024.
2.3. Performance against targets for continuous improvement of advice
service
A new consultation with service users was conducted in 2023 to identify unmet
needs as part of the development process for the new 2023-2026 Strategic Plan.
The new plan for the Advice Service has a stronger emphasis on supporting clients
with (a) income maximisation strategies and (b) reduction of energy bills.
We had previously intended to seek FCA authorisation to provide debt adjustment
advice and credit information services, as a partner in a project organised by the
Council for Somali Organisations. but this project did not go ahead as CSO'S funding
application was unsuccessful. We decided not to pursue a solo application to FCA
and have instead focused on offering money guidance services, rather than financial
advice services, as the former do not require authorisation.
All policies and procedures in the Quality Manual have been updated for compliance
with the new Advice Quality Standard (AQS v4). The frontline staff have been trained
on AQS v4 and the revised policies. AQS certification was successfully renewed with
several good practice commendations.
We hosted an intern from The London Interdisciplinary School in summer 2023 to
conduct desk research to understand Hodan's place within local voluntary sector,
including our unique selling points. The researcher identified several new
opportunities for collaboration with like-minded organisations, which have been
incorporated into the new strategic plan.
The new plan included a 2023-24 target for increasing the total number of service
users across all Hodan's services to 480. The total number of service users in 2023-
24 was recorded as 414 across the Advice and Information Service (281) and
Wellbeing and Social Space Project (133) after correcting for double counting of
those with 'Zumba' listed as a matter category on Advice Pro. There may have been
some new service users who attended the summer exGursions only, but we did not
collect this data.

2.4. Performance against fundraising targets
We exceeded our overall income target of £120,000 for 2023124. Our total income
was £158,208.
We have started, and are continuing to develop, a database of potential funders with
their respective priorities and application deadlines.
Hodan has secured a large grant from the City Bridge Trust 'Bridging Divides,
programme for a total of £185,425 over five years, providing core support to the
Advice and Information Service (with an emphasis on income maximisation and
energy bills) and funding employability skills workshops and drop-in sessions. The
project began on 1 September 2023 and will run until the end of August 2028.
In 2023-24 we also received a one-off grant of £14,825 from Sport England towards
the Wellbeing and Social Space Project, a grant of £25,000 from the Postcode
Lottery towards core costs, and a small grant of £5,000 from John Lyon's Charity to
provide summer holiday excursions for disadvantaged families. We have also been
approved to receive £16,978 from the National Lottery (Award for All) starting in May
2024 to provide youth football coaching and employability skills. We made some
other small applications that were unsuccessful.
We are preparing large grant applications to Garfield Weston Foundation for core
costs over several years, and to the National Lottery Heritage Fund for a four-year
project on traditional Somali dance and poetry (Buraanbur), as well as several
smaller bids.
We have been approved to receive some funding from the Royal Borough of
Kensington and Chelsea via the ongoing partnership project with Midaye and
Dadihiye, but the amount and release date have not been confirmed. Midaye
submitted a solo application this year, but the Council confirmed they had approved
the grant on the understanding that it was for the partnership. We are still in
negotiations with the Council about this.
While we have maintained our focus on grant-based fundraising, the Hodan website
now includes a secure payment platform for direct donations (see marketing targets
below), and we will continue to explore ways of diversifying income sources. The
current strategic plan proposes exploring research partnerships with universities in
2024-25 and reaching out to private companies with Corporate Social Responsibility
(CSR) schemes in 2025-26.
2.5. Performance against marketing targets
Our 2023 summer intern met the targets of conducting systematic research into the
voluntary sector in London and Hodan's place within it, and of identifying Unique
Selling Points
(USPS: services that Hodan offers but other charities do not). We have updated the
Strategic Plan and the outbound Signposting & Referrals Directory accordingly.
We have not yet created a marketing programme for inbound referrals based on
these recommendations. To action in 2024-25
The target for regular updates to Facebook and X (formerly Twitter) pages is being
met. We also have an Instagram page. Other social media platforms such as
Snapchat and Linkedln were explored but not felt to be necessary at this time.
2.6. Newtargets for 2024-25

The 2024 update of the strategic plan will include targets for key project areas,
alongside the targets for continuous improvement of the advice service. These will
be combined under the heading of'operations,. While we already have strategic
objectives for three project areas, they had not previously been translated into
specific targets. The areas are:
'Skills Development, . covering digital literacy and employability
'Wellbeing and Social Inclusion,
covering the women's Zumba / Chair-Based
Exercise classes with dedicated social time. and the proposed new Somali dance project
'Family and Youth Work, _ covering football sessions, excursions, and family fun days:
We note that in practice our youth work often includes an element of skills
development, e.g. combining football sessions with employability training, but for the
purpose of target setting we have found it helpful to separate them out.
Performance against these new targets will be reviewed in the 2024-25 annual
report.
3. Financial Management and Reserves
11
3.1. Statement explaining the policy for holding reserves stating why they are
held
A Contingency Reserve is held in order to retain sufficient funds to cope with a
worst-case scenario of a sudden cessation of all funding. In this circumstance the
fund should be large enough to enable:
(i) Hodan to continue to operate for a period of six months, this being a reasonable
period of time decided by the Trustees to complete ongoing work and make
arrangements for winding down; and
(li) Hodan to cover any other costs involved in winding up.
To allow the Trustees flexibility to deal with unforeseen opportunities or act to
mitigate unexpected 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 (provided that there is still enough funding left to cover winding-
up costs).
In the event that this is used, the Trustees should discuss a strategy for replenishing
the reserdes during the annual review.
The Contingency Reserve is an unrestricted reserve and does not include funds that
have already been earmarked, e.g., for staff salaries within funded projects.
3.2. Financial review
Hodan has developed a Fundraising Strategy built into its strategic plan and
reviewed on a yearly basis. The Treasurer is responsible for financial management
and presents the organisation's financial situation during trustee meetings.

4. Structure, Governance and Management
Type of governing
document
Constitution
How is the charity
constituted?
Charitable company limited by guarantee
Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
The management of the charity is the responsibility of
the trustees, who are elected under the terms of the
governing document of the organisation. The new
Board of Trustees is elected at Hodan AGMS by service
users. All registered members have the right to stand
for election as trustees (members of the management
committee). The management committee may in
addition appoint not more than three co-opted members
but so that no one may be appointed as a co-opted
member if, as a result more than one third of the
members of the management committee would be co-
opted. The management committee must consist of no
fewer than four and no more than ei
ht trustees.
Hodan has a risk management policy that is reviewed
and updated on an annual basis. The risk
management policy has been revised to take into
consideration the additional pubfic health risks from
COVID-19. We have also updated our safeguarding
policy to include measures for safeguarding 'customers
in vulnerable circumstances,, according to the FCA
definition.
How are risks managed?
How are activities
reviewed?
Hodan carries out a full evaluation in October every
year, which covers compliance with organisational and
funder objectives, client satisfaction, accuracy and
appropriateness of advice, a review of training and
development, support and supervision, service
effectiveness and efficiency, and Equality, Diversity &
Inclusion (ED&I). We also hold focus groups and
interviews to obtain rich qualitative data on specific
projects. All is fed into our Strategic Plan, which 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 committee by:
Signed: _-_---
Date: 09/05/2024
6.LtZABèJT..C.hO........
Printed name: _-__
Position:
10

Independent examiner's report to the truslees of
HODAN SOMALI COMMUNITY
For the year ended 31 March 2024
I report on the accounts of the company for the period ended 31 March
2024, which are set out on pages 12 to l 8.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purpose of
company law) are responsible for the preparation of the accounts. The
trustees consider that an audit is not required for this year under section
144(2) of the Charities Act 2011 (the 2011 Act) and that an independent
examination is needed.
Having satisfred myself that the charity is not subject to audit under
company law and is eligible for independent examination, it is my
responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions
given by the Charity Commission under section 145{5){b) of the
2011 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions
given by the Charity Commission. An examination Fncludes a review of the
accounting records kept by the charity and a comparison of the accounts
presented with those records, It also includes consideration of any unusual
items or disclosures in the accounts and seeking explanations from you as
trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit and consequently
no opinion is given as to whether the accounts present a 'true and fair view,
and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no other matter except that
referred to in the above paragraphs, has come to my attention:
(l )which gives me reasonable cause to believe that in any material respect
the requirements: to keep accounting records in accordance with section
386 of the Companies Act 2006; and to prepare accounts which accord with
the accounting records, comply with the accounting requirements of section
396 of the Companies Act 2006 and with the methods and principles of the
statement of Recommended Practice: Accounting and Reporting by
Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Md Iqbal Hossain, ACCA
B K Community Accountant
124 City Road
London
ECIV2NX
Date: 9 May 2024

HODAN SOMALI COMMUNITY
Statement ot Financial Activities
(Including income and expenditure account)
31 March 2024
TOTAL
Funds
2024 11
Incoming Resources
Not Unrestrict Restricte
ed Funds
Uniestri
cted
Funds
TOTAL
Funds
2023
Restricte
d Funds
Donation and
Legacies
60
156,706
156,766
100
116,616
116,716
Investment Income
1,432
1,432
326
326
Total Income
1,492
156,706
158,198
426
116,616
117,042
Expenditure on:
Charitable activities
70
140,124
140.194
76
109,338
109,414
Governance Costs
1,420
1,420
1,233
1,233
Total exp.enditure
70
141,544
141,614
76
110,571
110,647
Net Income & net
movement in funds
1,422
15,162
16,584
350
6,045
6,395
Reconciliation of
fund:
Total funds brought
forward
33,020
105,018
138,038
32,670
98.973
131,643
Total funds carried
forward
34,442
120,180
154.622
33,020
105.018
138,038
TOTAL RECOGNISED GAINS AND LOSSES
The Charity has no recognised gains or losses other than the net movement in funds for the
above period.
The statement of financial activities also complies with the requirements for an income
and expenditure account under the Companies Act 2006.
The notes on pages 14 to 18 form part of these accounts.
12

HODAN SOMALI COMMUNITY
BALANCE SHEET
AS AT 31 MARCH 2024
Note
FIXED ASSETS
2024
2023
Office Equipment
10
5,162
4,674
Debtors
Cash at Bank
Cash in hand
Total Current Asset$
150,261
406
133,965
445
134,410
150,667
Creditors and Accruals
12
(1,207)
(1,046)
149,460
133,364
154,622 138,038
Net Current Assets
Net Assets
Unrestricted Funds
Restricted Funds
34,442
120,180
33,020
105,018
138,038
Total Funds
154,622
Exemption from audit
For the year endin9 31/0312024 the compan
is entitled to exemption from the
requirement to obtain an audFt under section 471 of the Companies Act 2006 and that
members have not required the company to obtain an audit in accordance with
section 476 of the Act.
The directors acknowled e their responsibilities for complyin
the Companies Act 2002with respect to accounting recor
with the requirements of
accounts.
s and the preparation of
The accounts have been prepared in accordance with the provisions in Part 15 of the
Companies Act 2006 applicable to company's subject to the small companies, regime.
These accounts were approved by the Board of Directors and Trustees on
9 May 2024 and were signed on its behalf by:
11
Signed -
Printed name
.e.U_ZAfjLlll.Ldo..-.....
Position
The notes on pages 14 to 18 form part of these accounts.
13

HODAN SOMALI COMMUNITY
Notes to the Accounts
For the year ended 31 March 2024
l. Accounting Policies
The principal accounting policies, are summarised below. The accounting
policies have been applied consistently throughout the year.
1.1 Basis of Accounting
The financial statements have been prepared under the historical cost
convention and in accordance with the applicable Accounting Standards
and the Statement of Recommended Practice Accounting and Reporting by
CharitÉes published in March 2005 and the Companies Act 1985.
The company has taken advantage of the exemption in Financial Reporting
standard No. I from the requrrement to produce a cash flow statement on
the grounds that it is small company.
1.2 Incoming Resources
Income from activities, voluntary income and donations are included rn
incoming resources when they are receivable, except when the donors specify
that they must be used in future accounting periods or donors, conditions have
not been fulftlled, then the income is deferred. The income from fundraising
ventures is shown gross, with the associated costs included in fundraÈsing costs.
1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on
accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included
in these cost categories. Where costs are attributable to more than one
activity, they have been apportioned across the cost categories on a basis
conststent with the use of those resources.
1.4 Going Concern Basls
The financial statements have been prepared on the going concern basis,
as in the opinion of the director and trustees, there are no issues arising which
would suggest any other basis as being more appropriate.
1.5 Depreciation
Depreciation is provided using the following rates and bases to reduce by
annual instalments the cost, less estimated residual value. of tangible assets
over the estimated useful lives:
Furniture, Fixtures. Fittings and Equipment- 2070 on reducing line basis.
14

HODAN SOMALI COMMUNITY
Notes to the Accounts
For the year ended 31 March 2024
11
2. Income from donations and legacies
Grants. donations, and legacies:
Unrestricted
Funds
Restricted
Funds
2024
2023
Small Donation
ARISE
John Lyons Charity
Trust for London (TFL)
Award For All
Postcode Society Trust
City Bridge Trust
RBKC Adult, social care
Mida
Greater London Authority (GLA)
The National Lottery Community
Fund
Other Income (CSO)
TOTAL Income
60
60
100
11,182
5,000
18,000
16,748
25,000
16,500
5,000
18,000
16,748
25,000
16,500
15,000
21,550
21,550
23,550
995
995
8,958
52,913
52,913
57,726
200
116,716
60
156,706
156,766
3. Investment Income
11 2024
2023
Bank Interest
1,432
1,432
326
326
Total
15

HODAN SOMALI COMMUNITY
Notes to the financial statements (continuing)
4. Expenditure on Charitable Activities by Fund type:
Un-
restricte Restricted
Funds
Illl 11 Un- Restricted
Funds
Total 2024
restricte
Charitable activities &
Support Cost
Total
2023
Funds
Funds
Salary, NIC & Pension
Telephone
Rent & Rates
Volunteer Expenses
ARISE
Employment Project
staff Training
Insurance
Consultancy/ Evaluation
stationary & Postage
Website & It su
ort
Advice UK
Project cost-
Funda
FCA
Publicity & Adverts
Bank Char
es
Hos
itallty
Depreciation
Total
86,749
1,106
7,189
1.900
15,960
100
483
1,453
11,705
1,299
1,120
2.413
86,749
1.106
7,189
1,900
15,960
100
483
1,453
11,705
1,299
1,120
2.413
75,416
708
5,568
1,424
12,260
75.416
708
5,568
1,424
12,260
300
1,445
7,463
1,389
853
1,259
300
1,445
7,463
1,389
853
1,259
Famlly
5,610
5,610
975
589
975
589
70
171
1.302
140,194
55
55
76
29
1,169
109,414
70
76
171
1,302
140,124
29
1,169
109,338
70
76
5. Governance Costs:
Un-restricted
Funds
Ip
Restricted
Funds
Total 2024
Total 2023
Bookkeeping/ Payroll
Compliance
Independent Examination
Total
154
316
950
1,420
154
267
316
950
1,420
316
650
1,233
16

HODAN SOMALI COMMUNITY
Notes to the flnancial statements (continuing)
Year ended 31 March 2024
6. Expenditure on Charltable Activities by Activity type:
Charitable activities &
Support Cost
Governan
ce
Fund
raislng
Total 2024 Total 2023
Services
Property Costs
Depreclatlon
Direct Costs
Salary
Other indirect Costs
1,790
1,302
50,283
86,749
70
140,194
1,790
1,302
51,703
86,749
70
141,614
5,843
1,169
33,986
75,416
76
116,490
1,420
Total
1,420
7. TRUSTEES EXPENSIS
No expenses are paid to Trustees.
No employee earned more than £60,000 during the year (2023: nil).
8. Related party Iransactions
There are no related party transactions to disclose for 2024 (2023: none) There are no
donations from related parties which are outside the normal course of business and no
restricted donations from related parties.
9. Taxation
The charitable company is exempt from corporation tax as all its income is charitable
and is applied for charitable purposes.
l O. Fixed Assets
Computers
Office Equipment
Total
Cost
AtIA
ril 2023
Additions
Dis
osals
At 31 March 2024
5,425
325
418
1,465
5,843
1,790
5,750
1,883
7,633
Depreciation
At l A rll 2023
Dis
osals
Char
e this
eriod
At 31 March 2024
1.085
84
1.169
933
2,018
369
453
1,302
2,471
Net book value
At 31 March 2024
At 31 March 2023
3,732
4,340
1,430
334
5,162
4,674
17

HODAN SOMALI COMMUNITY
Notes to the financial statements (continuing)
Year ended 31 March 2024
Debtors
1112024
2023
Debtors
12.
Creditors
11112024
2023
Deferred Income
endent examination
Tradin
Creditors
Inde
950
257
1,207
650
396
1,046
Accruals: Provision for Accountancy fees.
Benefits in kind
There were no benefits in kind in the period.
11
Independent examination and accountancy services
During the period, the cost of the examination and accountancy services was
£950.
Glossary of terms
Restricted funds:
These are funds given to the charity, subject to specific restrictions set
by the donor, but still within the general objects of the charity.
These are amounts owed by the charity, but not paid during the
accounting period.
Creditors
Debtors:
These are amounts owed to the charity, but not receFved in the
accounting period.
Prepayments:
These are services that the charity has paid for in advance, but not
used during the accounting period.
18