Company No. 07405401 Charity No. 1154667
Council of Somali Organisations Ltd
(A company limited by Guarantee)
Annual Report and Financial Statements
For the year ended 31[st ] March 2022
1
| Council of Somali Organisations (CSO) | |
|---|---|
| Contents | Page |
| Directors’ and Trustees’ Report | 3-9 |
| Independent Examiner’s Report | 10 - 11 |
| Statement of Financial Activities | 12 |
| Statement of Financial Position | 13 |
| Statement of Cash Flows | 14 |
| Notes to the Accounts | 15 - 24 |
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Council of Somali Organisations Ltd Directors’ and Trustees’ Annual Report For the 12 months ending 31[st ] March 2022
The Trustees are pleased to present their annual director’s report together with the financial statements of the charity for the 12 months ended 31[st ] March 2022, which are also prepared to meet the requirements for a directors’ report and Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Council of Somali Organisations Charity registration number 1154667 Company registration number 7405401 Registered office 10 Manor Gardens London N7 6LS
Board of Trustees
The trustees and directors who served during the period were as follows:
Mr. Abdirahman Xirsi-Vice Chair (elected 28[th] March 2019) (Elected Chair 4th November 2021)
Dr. Fowzia Ahmed Ibrahim (elected 4th November 2021) Mrs. Hanna Ali Al Khleifat (elected 28[th] March 2019) Mr. Shakiib Weheliye-Treasurer since 21st November 2019 (elected 12th June 2019)
| Dr. Idil Osman-Chair (elected | 12th June 2019) (resigned 4th November |
|---|---|
| 2021) | |
| Company Secretary | Mr. Kahiye Alim (Appointed 1stNovember 2018) |
| Director | Mr. Kahiye Alim |
| Independent Examiner | BK COMMUNITY ACCOUNTANT LTD |
| Chartered Certified Accountant | |
| Arches 420-421 Burdett Road, | |
| London. E3 4AA. | |
| Bankers | Barclays Bank |
| Barclays Retail Banking |
|
| London E19PL |
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OUR PURPOSE AND ACTIVITIES
Established in 2010, the Council of Somali Organisations (CSO) is an independent National charity. We were launched to deliver capacity-building support to increase the operational effectiveness of organisations supporting the Somali community.
More broadly, today, we work to:
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★ Help integrate Somalis Community in the wider UK society;
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★ Improve their conditions and quality of life;
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★ Represent their interest and voice(s) when it comes to shaping policy that affects them.
We do this by delivering capacity building support to member voluntary and community organisations, events, by undertaking research and campaign or policy work and through empowerment training for the benefit of the Somali Community in the UK.
THE NEW RESTRUCTURE – 2020 Themes, Objectives, Outputs & Structures
The CSO has evolved over the last few years and reacted to changes in demand, needs, problems and policies which affect the Somali Community in the UK. Although it has successfully supported organisations and individuals for over 10 years, it now becomes more proactive in its approach, more strategic in what it offers and stronger in its demonstration of its expertise and knowledge.
CSO has become the leading equalities organisation representing the interest of the Somali community.
CSO has undergone major restructuring and changes with the appointment of a Somali speaking director after 8 years and professionalization of the Board of Trustees. CSO has also its first ever woman Chair and a gender balanced board.
The proposed change to the structure represents a more coherent and coordinated approach to a rapidly changing environment. The use of a ‘themed’ based model will allow new projects, activities and interventions to be managed strategically and focused on pertinent issues facing the Somali community and Somali organisations in the UK over the next three years.
Four distinct but connected themes will oversee the operational delivery of projects and activities, reporting directly to the Director, allowing him to manage and lead and be more visible in the sector. The CSO’s Board as result of the Member’s Needs Assessment conducted in 2019 and a review of CSO’s objectives has identified that the four major strategic themes for the next 3 years are;
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Education;
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Employment;
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Health and Wellbeing;
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and with the overarching theme of Criminal Justice across.
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Each theme has a Working subgroup from CSO’s members will have a combination of paid staff and volunteers with at least one allocated board member.
With this in mind, CSO will endeavor to ensure that each theme has a strategic person from the board allocated to it – this will serve a dual purpose – supporting each theme to function with the vision and mission in mind as well as ensuring that the individual themes are continuously feeding into the organisations planning.
In addition, CSO members will be aligned to specific themes – allowing for a strong cohort involved and representing each theme. This will give focus for member organisations and a more efficient use of time and capacity. (Each member can be aligned to more than one theme as long as their core work is linked). Each themed department/subgroup will have three core functions: Policy, Voice and Development.
Council of Somali Organisations Ltd
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Policy: To be able to respond and influence policies at local and national level including participating in consultations, writing reports and producing briefing papers as well as producing action research.
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Voice: To be able to express and represent the needs, issues and narrative of the Somali community and Somali community organisations. To be able to develop a collective voice at various platforms including social media, events, reports, consultations, Government level, mainstream media etc.
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Development: to develop the skills and capacity of the Somali community sector. This should be done from two separate but overlapping avenues: Leadership development and organization development and should be done via a range of tools, i.e. training, coaching, action learning and mentoring. It is important to develop both the people and the structures.
Training and workshops should include the standard capacity building topics as there is continued need for these (Writing better Funding Applications, Monitoring and evaluation, perfecting pitches, H&S, Safeguarding, governance, strategic planning etc.), however there is a gap in areas such as marketing, messaging, social media, networking etc.
Objectives & Activities (Actions):
Objective 1 - Research
Action: produce an annual report, launched at CSO’s annual conference. Produce quarterly reports on the thematic priorities that are circulated throughout the membership. Use research evidence in key meetings, boards, and other fora.
Objective 2 – Partnership
Action: to foster an environment of partnership and collaboration, creating opportunities
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for people to work together for the good of the Somali community.
Objective 3 – Leadership and professional skills
Action:
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Organising, amplifying and articulating the collective voice and needs of the Somali Community at Local, Pan-London and National level.
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Building bridges within the Somali Community and also with the wider BAME
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communities.
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Enabling the environment for the development of community leadership, especially women.
Our vision
To achieve cohesive, integrated and successful Somali communities.
Our mission
To provide a strong, collective and credible voice for Somali communities in the UK and to articulate the aspirations and interests of Somali communities.
Our strategic objectives:
Our work is underpinned by the following strategic objectives:
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★ We will provide a local network group that encourages and enables members of the Somali community to participate more effectively with the wider community;
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★ We will increase or coordinate opportunities for members of the Somali community to engage with service providers, to enable those providers to adopt services;
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★ We will provide education and information to support and enable the Somali community to maximise education opportunities;
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★ We will raise public awareness of the issues affecting the Somali community and their children, both generally and in relation to their social exclusion;
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★ We will provide development support, forums, advocacy and general support to better meet the needs of that community.
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Our achievements & performance
Key Summary Achievements for the year 2021 to 2022:
1. CSO’s membership has increased by 105% since the start of the pandemic from 110 to 236 across 12 metropolitan cities.
2. We have gained 3 Somali led Mosques who have joined CSO increasing the number to 43.
3. We have delivered the Resilience Training to 36 Somali led CVO’s including 4 Somali led Mosques.
4. We have delivered Bid writing support to 48 Somali led CVO’s worth £5.4 million in funding applications.
5. We have continued to deliver Benefits & Social Welfare law to build resilience in community advice services from September 2020.
6. We have the rolled out UK Wide Somali Community Hub website and APP.
7. We have produced videos showcasing the contributions for the Somali Community in the UK.
8. We continued to work with the ONS in relation to the 2021 Census.
In the second year of the Pandemic, CSO has continued its ambitious program of resilience and capacity building for its membership. We have also reached out to all our communities across 12 metropolitan areas by visiting and having dialogue with them. This has resulted in the phenomenal growth in membership.
We are grateful to TNLCF, Trust for London, National Emergencies Trust, City Bridge Trust, People’s Postcode Trust, The Clothworkers Trust and UK Community Foundation for supporting CSO and the Somali Community in the UK.
CSO’s Organisational Reach & Profile
CSO has increased its National and Pan London profile as the leading representative organisation of the Somali Community in the UK. CSO’s role in raising awareness of the issues facing the Somali Community and Somali led CVOs involves participating in the following:
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Funder Forums- LCRF, NET/UK Communities, Comic Relief, TNCLF and London Funders. We have invited funders to our workshops. We advise funders about the needs of the Somali community.
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Race & Equality forums such as Coalition on Race Equality & HEAR, Operation Black Vote
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Religious Forums- with the Church of England, Board of Deputies, Muslim Council of Britain.
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Engaging and working with other Infrastructure Organisations such as Power to Change, BAME Funders and SIB Funders
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Engaging with Government and Local Authorities- DLUHC, Home Office, Dfe, DoH, and GLA through the MRAP and Mayor’s Equality, Diversity and Inclusion (EDI) Advisory Group, Metropolitan Police through the Somali MET Forum.
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Working with Research Institutions and Universities on bidding for research funding on issues affecting the Somali Community.
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CSO worked with the ONS on the design of the online Census 2021 and led in the planning of the media campaign.
Somalis in the UK
The United Kingdom (UK) is home to the largest Somali community in Europe, with an estimated 98,000 Somali-born immigrants residing in the UK in 2016 according to the Office for National Statistics. The majority of these live in England, with the largest number found in London. Smaller Somali communities exist in Birmingham, Bristol, Manchester, Liverpool, Leicester, Milton Keynes, Sheffield and Cardiff.
The earliest Somali immigrants in the UK were lascars, seamen and merchants who arrived in the 19th century. A second small group of seamen came during the Second World War with the Royal Navy, and stayed in search of employment. During the 1980s and 1990s, the civil war in Somalia led to a large number of Somali immigrants, comprising the majority of the current Somali population in the UK.
Between 1985 and the end of 2006, Somalia was consistently one of the top ten asylum applicant producing countries in the UK.10 Asylum applications by Somalis to the UK rising from 305 in 1988 to a peak of 7,495 in 1999 and then dropping to 1,845 in 2006. The Somali community represents one of the largest Muslim groups in the UK. The Somali community in the UK includes British citizens, refugees, asylum seekers, persons granted exceptional leave to remain, irregular migrants, and Somalis who have moved to Britain after being granted refugee status in other European states.
According to the 2011 Census, 36 percent of Somali-born residents of England and Wales arrived in the UK during the 1990s. The majority (57 per cent) arrived after 2001, with around 25 per cent arriving between 2001 and 2003.
There is an estimate of 463,000 Somalis in the United Kingdom (ONS, 2019). Somali communities in the UK are facing significant equalities challenges. Somali organisations have called on authorities for responses on how to address ethnic health inequalities experienced by these communities and for improved consideration of social value in public sector health and social care commissioning.
Services to the public
The Council of Somali Organisations provides benefit by improving the lives of the public through our support of community organisations across the UK, through training, mentoring, advice and guidance for staff, volunteers and trustees and through promoting equality, social justice and inclusion of the communities that we serve.
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cso Cr¥uTrEII Almost all of our member VCOS provide front line services to the public. and in particular to member5 of the Somali community, so as to address disadvantage, inequality, social injustice and poverty. Our events, advocacy and seminars dealt with a number of public issues including cohesion, mental health and wellbeing, crime, drugs and substance misuse, welfare benefits, housing, immigration, refugee support, radicalisation and prevent agenda {government anti-terrorism programme). In addition to capacity building and research activities, CSO works to influence policy and to do this effectively we represent the voice and interest of the Somali community at a number offorums including the Mayor of London's Migrant and Refugee Forum. In addition, we deliver roundtable discussions and forums on social and economic issues as they impact on Somali communities. The infomation galhered, together with the evidence from our research activities, is used to inforni decision-making impacting the development ofthe Somali community in England. Some events delivered by CSO and also in partnersliip with other second ti8r organisations for example Islington Refugee Forum, Black Training Ent8rprise Group, and Evelyn Oldfield Unit. Public benefit statement In shaping our objectives for the year and planning our activities, the Trustees have considered S.17 of the Charities Act 2011 and the Charity Commission's guidance on public benefit, induding the guidance 'public benefit- running a charity {PD2). The achievements and activities above demoiistrate the public benefit arising from the arity's aGts'vities. Rlsk Management The trustees have assessed the major risks to which the Council of Somali Organisation is exposed and are satisfied that systems are in place to mitigate exposure to the major risks including maintaining a risk regist&r, which is reviewed annually. Mr. Abdirahman Xirsi-chair Date - 0210612022
Independent Examiner’s Report to the trustees of Council of Somali Organisations Ltd Year ended 31[st] March 2022
I report to the trustees on my examination of the financial statements of Council of Somali Organisations (‘the charity’) for the year ended 31[st] March 2022
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006(‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for Independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner’s Statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Certified Chartered Accountants (ACCA), which is one of the listed bodies.
I have completed my examination; I confirm that no matters have come to my attention in connection with the examination giving me cause to believe;
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Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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The financial statements do not accord with those records; or
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The financial statements do not comply with the accounting requirements of section396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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The financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial
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Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date: 02/06/2022
Md Iqbal Hossain MBA, ACCA BK COMMUNITY ACCOUNTANT LTD Chartered Certified Accountant Arches 420-421 Burdett Road, London. E3 4AA.
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Council of Somali Organisations Ltd Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) 31[st] March 2022
| Incoming / Expenditure Resources |
Note | Unrestrict ed Funds |
Restricte d Funds |
TOTAL Funds 2022 |
TOTAL Funds 2021 |
|---|---|---|---|---|---|
| Income from: | £ | £ | £ | £ | |
| Donations and Legacies | 8 | - | 295,671 | 295,671 | 426,466 |
| Charitable activities: | |||||
| Training, events, capacity building and business mentoring |
9 | 500 | 16,225 | 16,725 | 947 |
| Investment Income | 10 | - | - | - | 3 |
| Total Income | 500 ======= |
311,896 ====== |
312,396 ====== |
427,416 ===== |
|
| Expenditure on: | |||||
| Fundraising | 11 | - | - | - | 2,880 |
| Charitable Activities: | 11 | - | 265,204 | 265,204 | 378,040 |
| Training, events, capacity building and business mentoring |
11 | - | - | - | 25,988 |
| Total expenditure | - ======= |
265,204 ======= |
265,204 ====== |
406,908 ====== |
|
| Net Income / (expenditure) & net movement in funds |
500 ======= |
46,692 ====== |
47,192 ====== |
20,508 ===== |
|
| Reconciliation of funds: | |||||
| Total funds brought forward |
13,664 ======= |
42,506 ======= |
56,170 ====== |
35,662 ====== |
|
| Total funds carried forward |
14,164 ======= |
89,198 ======= |
103,362 ====== |
56,170 ====== |
The statement of financial activities includes all gains & losses recognised in the year. All income and expenditure derive from continuing activities. The notes on page 17 to 26 form part of these financial statements.
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cso Council of Somali Organisations Ltd Company Limited by Guaranlee Statement of financial position 31st March 2021 Note FIXED ASSETS 2022 2021 Tangible Fixed Assets 19 Current Assets 85,547 61,852 70,193 Cash at Bank and hand Debtors Total Current Assets 152.185 10,600 16 85.547 162,785 Current Liabilities Credltors: Amounts falling due within one year Advance Received from Funder within the ear Net current Assets Total Assets 17 (10,287) (10,887) 18 (55.500) (65.787) 19,760 (165.921) 114.0231 81,612 56,170 Funds of the Gharity: 21 21 Restricted Funds Unreslricted Funds: General funds 67.448 47,506 14,164 81,612 8,664 56,170 Total Funds Forthe year ending 31. March 2022 the companywas entilled to exemption from audit under seGtion 477 of the Companies Act 2006 relating to small companies. Directors, responsibilitigs.. The members have not required the company to obtain an audit of its accounts for the year in question in a¢¢ordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance Wlth the provisions applicable to companies. subject to the small Companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008). These financial statements were approved by the board of trustees & authorised for issue on 02106120 ,an are ned on behalf of the board by". Signed Name: Mr. Ab ma Xirsi-chair 13
Council of Somali Organisations Ltd
Company Limited by Guarantee
Statement of cash flows For the year ended 31 March 2022
| Note | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash provided by / (used) operating activities |
22 | 74,893 | 59,025 |
| Cash provided by / (used in) investing activities |
19 | (9,360) | (88,758) |
| Cash provided by / (used in) financing activities |
18 | (132,171) | 165,921 |
| Change in cash and cash equivalents in the year |
23 | (66,638) | 136,187 |
| Cash and cash equivalents at the beginning of the year |
152,185 | 15,998 | |
| Cash and cash equivalents at the end of the year |
85,547 | 152,185 | |
| ======= | ======= |
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Council of Somali Organisations Ltd Company Limited by Guarantee Notes to the financial statements Year ended 31[st] March 2022
1. General Information
The Charity is a private Company Limited by Guarantee, registered in England & Wales and a registered charity in England & Wales. The address of the
Statement of Compliance
These financial statements have been prepared in compliance with FRS102,’ The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (charities SORP(FRS 102)) and the charities Act 2011.
2. Accounting policies
Incoming resources
Voluntary income and donation are included in incoming resources when they are receivable except when the donors specify that they must be used in future accounting periods or donor’s conditions have not been fulfilled, then income is deferred. The income from fundraising ventures is shown gross.
Donated services and facilities
Income from donated services and facilities is included in incoming resources at a valuation, which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party.
Resources expended
Resources expended are included in the statement of financial activities on an accrual’s basis, inclusive of any VAT, which cannot be recovered. Expenditure, which 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 of generating funds on a basis consistent with the use of these resources. Cost of generating funds includes salaries, direct expenditure and overhead costs of the staff who promote fundraising including events. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
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Funds
Restricted funds are to be used for specific purpose as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund together with a fair allocation of management and support costs. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income & expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity’s ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemption: - No cash flow statement has been presented for the company.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purpose.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub- classes: restricted income funds or endowment funds.
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Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity: it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipts is probable, its amount can be measured reliably.
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Legacy income is recognised when receipt is probable, entitlement is established.
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Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value can be reliably measured. No amounts are included for the contribution of general volunteers.
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Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned it unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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Expenditure on raising funds includes the costs of all fundraising activities, events non-charitable trading activities and the sale of donated goods.
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Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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Tangible Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of assets, less its residual value, over the useful economic life of those assets as follows:
Furniture & equipment Telephone System Method
- 20% reducing balance -33.33% Straight-line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
3. Limited by guarantee
The company is limited by guarantee without share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member.
4. Pensions and other post - retirement benefits
All staff has been offered a pension contribution recognised by HMRC. All staff has opted out so there are no pension assets to administer and there is no other post – retirement benefits funded by the charity.
5. Investment Income
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None Funds are held in a non-interest-bearing bank account. There are no bank charges associated with the account and trustees believe the achieve value for money in respect to the services provided by the bank.
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Financial Instruments: Carrying amount: Debt instruments on the balance sheet represent real and fair value. Financial liabilities on the balance sheet represent real and fair value.
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8. Income from donations and legacies
| Grants, donations and legacies: |
Unrestrict ed Funds |
Restricted Funds |
2022 | 2021 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Trust for London | - | 50,000 | 50,000 | 50,000 |
| Trust for London (LCRF) National Lottery (Partnership & Debt Hub) BBC CIN People Postcode Clothworkers Foundation LCRF Infrastructure Support City Bridge Trust National Lottery (TNCLF) UK Community Foundation London Community Foundation (wave 4) City Bridge Trust Top UP GLA TOTAL |
- - - - - - - - - - - - ====== |
- 43,500 4,934 9,940 - - 44,417 131,296 6,584 5,000 - - 295,671 ====== |
- 43,500 4,934 9,940 - - 44,417 131,296 6,584 5,000 - - 295,671 ====== |
25,000 - 4,934 9,940 10,000 5,000 28,583 262,591 13,168 5,000 12,250 - 426,466 ======== |
9. Income from Charitable Activities
| . | Un-restricted | Restricted | 2022 | 2021 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Other Income (HMRC) | - | 15,225 | 15,225 | 947 |
| The UbeleInitiative | - | 1,000 | 1,000 | - |
| British Refugee council | 500 | - | 500 | - |
| TOTAL | 500 ======== |
16,225 ======== |
16,725 ======== |
947 ======= |
10. Income from Investments
| . | Un-restricted | Restricted | 2022 | 2021 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Bank Interest | - | - | - | 3 |
| Total | - ====== |
- ====== |
- ===== |
3 ==== |
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11.Analysis of Expenditure
| Costs of raising funds |
Direct Charitable expenditu re |
Gover nance costs |
Support | Total | Total 2021 |
|
|---|---|---|---|---|---|---|
| costs | 2022 | |||||
| £ | £ | £ | £ | £ | £ | |
| Remuneration/Salary (13) | - | 113,909 | - | - | 113,909 | 118,496 |
| Sessional staff (13) | - | - | - | - | - | 6,812 |
| Staff pension (13) | - | 12,666 | - | 12,666 | 1,663 | |
| Volunteer expenses | - | - | - | - | - | - |
| Premises & administration |
- | 19,443 | - | - | 19,443 | 23,258 |
| Project Cost | - | 45,883 | - | - | 45,883 | 178,716 |
| Training & Org Development |
- | 3,452 | - | - | 3,452 | 8,209 |
| Legal, Accountancy & IE | - | - | 6,000 | 4,983 | 10,983 | 13,193 |
| Tax & Social Service (13) |
- |
41,167 | - | - | 41,167 | 37,996 |
| Depreciation | - | 17,701 | - | - | 17,701 | 18,565 |
| - ---------- |
254,221 ---------- |
6,000 -------- |
4,983 -------- |
265,204 --------- |
406,908 --------- |
|
| Governance Costs | - | 6,000 | (6,000) | - | ||
| Support Costs | - | 4,983 | - | (4,983) | ||
| Total Expenses | - ===== |
265,204 ====== |
- ===== |
- |
265,204 | 406,908 ====== |
| ====== | ====== |
Support Costs have been allocated on the basis of staff hours engaged in each activity.
Of the total expenditure (2021/2022), £0 was unrestricted and £265,204 was restricted.
12. Independent examination fees
| estricted. 12. Independent examination fees |
||
|---|---|---|
| 2022 | 2021 | |
| Fees payable to the Independent examiner for: | £ | £ |
| Independent examination of the financial statements | 1,500 | 1,500 |
| Total | 1,500 ======== |
1,500 ====== |
13. Staff Cost
The total staff costs and employee benefits for the reporting period are analysed as follows:
| nalysed as follows: | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Remunerations/Salaries & Wages | 113,909 | 118,496 |
| Sessional Staff | - | 6,812 |
| Tax & National Insurance | 41,166 | 37,996 |
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| Pension contributions | 12,666 | 1,663 |
|---|---|---|
| Total | 167,741 ======== |
164,967 ====== |
The average head count of employees during the year was 8 (2020:3). The average number of fulltime equivalent employees during the year is analysed as follows:
| s follows: | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Number of management and administrative staff |
6 | 6 |
| Number of core service staff Total |
2 8 |
2 8 |
No employee earned more than £60,000 during the year (2020: nil).
14. Trustee remuneration and expenses
SORP 2015 requires the following statements to be made: The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).
15. Related parties:
There are no related party transactions during the year.
16. Debtors:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Clothworkers Foundation | - | 10,000 |
| Refugee Council RCO Forum | - | 600 |
Total |
- ======== |
10,600 ========= |
17. Creditors: amounts falling due within one year
| editors: amounts falling due within one year | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Trade Creditors | 6,787 | 6,387 |
| Tax and Social Security Costs | - | - |
| Accounts & Audit | 3,500 | 4,500 |
| Total | 10,287 | 10,887 |
| ===== | ===== |
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18. Advance Received from The Funder within the year:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| National Lottery (TNCLF) | - | 131,296 |
| City Bridge Trust | 12,000 | 8,167 |
| London Community Foundation (Wave4) | - | 5,000 |
| National Lottery (Partnership & Debt Hub) |
21,750 | - |
| BBC CIN | - | 4,934 |
| UK Community BAME Support | - | 6,584 |
| People Postcode | - | 9,940 |
| Total | 33,750 ====== |
165,921 ====== |
19. Fixed Assets
| Computer Equipment |
Furniture | Telephone | Total |
Total |
|||
|---|---|---|---|---|---|---|---|
| & Software | |||||||
| £ | £ | £ | |||||
| Cost | |||||||
| At 1 April 2021 | 72,457 | 10,192 | 6,109 | 88,758 | |||
| Additions | - | - | 9,360 | 9,360 | |||
| Disposals | - | - | - | - | |||
| At 31 March 2022 | 72,457 | 10,192 | 15,469 | 98,118 | |||
| Depreciation | |||||||
| At 1 April 2021 | 14,491 | 2,038 | 2,036 | 18,565 | |||
| Disposals | - | - | - | ||||
| Charge this period |
11,593 | 1,631 | 4,477 | 17,701 | |||
| At 31 March 2022 | 26,084 | 3,669 | 6,513 | 36,266 | |||
| Net book value | |||||||
| At 31 March 2022 | 46,373 | 6,523 | 8,956 | 61,852 | |||
| At 31 March 2021 | 57,966 | 8,154 | 4,073 | 70,193 |
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20. Movements in Funds
| Funds: | Balance | Incomin | Incomin | Outgoing | Balance |
|---|---|---|---|---|---|
| at 1st | g | g | at 31st | ||
| April | Unrestri | Restrict | March | ||
2021 |
cted | ed | 2022 | ||
| Restricted Funds: | £ | £ | £ | ||
| Balance brought Forward | 42,506 | - | - | - | 42,506 |
| Trust for London | - | - | 50,000 | (50,000) | - |
| People Postcode | - | - | 9,940 | (9,940) | - |
| BBC CIN | - | - | 4,934 | (4,934) | - |
| City Bridge Trust | 44,417 | (42,298) | 2,119 | ||
| National Lottery (TNCLF) | 131,296 | (131,296) |
- | ||
| UK Community BAME Support | 6,584 | (6,584) | - | ||
| Clothworkers | 10,000 | - | 10,000 | ||
| London Community Foundation (Wave4) |
5,000 | (5,000) | - | ||
| National Lottery (Partnership & Debt Hub) |
43,500 | (8,927) | 34,573 | ||
| Other income(HMRC) | 15,225 | (15,225) | - | ||
| The Ubele | 1,000 | (1,000) | - | ||
| Total Restricted Funds | 42,506 | - | 321,896 | (275,204) ---------- |
89,198 |
| ----------- | --------- | ---------- | ---------- | ||
| Unrestricted Fund: | |||||
| Brought Forward | 13,664 | 13,664 | |||
| General Income/Funds | - | 500 | - | (0) | 500 |
| Total Unrestricted Fund | - | 500 | - | (0) ---------- |
14,164 |
| --------- | ---------- | ---------- | |||
| Total Fund Carried Forward | 56,170 | 500 | 321,896 | (275,204) ======= |
103,362 |
| ======= | ====== | ====== | ======= |
21. Analysis of net assets between Funds:
| Unrestricte Restricted Total Fund |
|
|---|---|
| d Fund Funds 2022 |
|
| £ £ £ |
|
| Current assets | 18,099 67,448 85,547 |
| Creditors: Amounts falling due within one year |
- (10,287) (10,287) |
| Fixed Assets | - 61,852 61,852 |
| Advance Received from the Funder | - (55,500) (55,500) |
| Net Assets | 18,099 63,513 81,612 |
| ======= ====== ======= |
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22. Reconciliation of net Income/ (expenditure) to net cash flow from operating activities:
| 2022 2021 |
|
|---|---|
| £ £ |
|
| Net movement in funds for the reporting period (as per the statement of financial activities) |
47,192 20,508 |
| (Increase)/decrease in debtors | 10,600 15,555 |
| Increase/(decrease) in creditors | (600) 4,397 |
| Depreciation | 17,701 18,565 |
| Net cash provided by / (used in) operating activities |
74,893 59,025 |
| ======= ======= |
23. Analysis of cash and cash equivalents
| At 1 April Cash At 31 March |
|
|---|---|
| 2021 flows 2022 |
|
| £ £ £ |
|
| Cash at bank and in hand | 152,185 (66,638) 85,547 |
| Total cash and bank equivalents | 152,185 (66,638) 85,547 |
24. Company Limited by guarantee Council for Somali Organisations is a company Limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
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