2023-03-31-accounts - Horn Of Africa Foundation

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DocuSign Envelope ID: 167F0B5C-F60F-49B2-93D9-5B6A8DED07D3

Charity number: 116800

HORN OF AFRICA FOUNDATION

REPORT AND

FINANCIAL STATEMENTS 31 MARCH 2023

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HORN OF AFRICA FOUNDATION

Report and Financial Statements 31 MARCH 2023

Contents List of Officers and Professional Advisers 4 Trustees’ Report 5-7 Statement of Trustees’ Responsibilities 8 Statement of Independent examiners report 9 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Accounts 12-15

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HORN OF AFRICA FOUNDATION

List of Officers and Professional Advisers

Board of Trustees

Mr Abdi Omar Osman (Director) Mr Gani Abdullahi Mr Omar Yusuf Galadid

Registered Office.

Unit 5 Red Lion Court, Alexandra Road, Hounslow, TW3 1JS

Bankers

HSBC

Hayes, UB3 4BY

Independent Examiners

Optmark Accountants

5 Mitcham Lane

London

SW16 6LG

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HORN OF AFRICA FOUNDATION

Trustees’ report for the year ended 31 MARCH 2023

The trustees present their annual report and financial statements of the charity for the year ended 31st March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published (FRS 102) (effective 1 January 2015).

Structure, governance and management

The Charity is a registered charity and is constituted under a trust deed dated 22 May 2015.

Appointment of trustees

New trustees are appointed by existing trustees and serve for 3 years after which they may put themselves forward for re-appointment. The Trust Deed provides for a minimum of 3 trustees, to a maximum of 12 trustees.

At the monthly trustee meetings, the trustees agree the broad strategy and areas of activity for the Charity, including investment, reserves and risk management policies and performance.

Trustee induction and training

Most Trustees are already familiar when the work of the charity as a result of either their work within a member organisation or as a volunteer. Additionally, new trustees familiarises themselves with the roles and responsibilities of trustees as set out by the Charity Commission.

Aim and purposes

Horn of Africa Foundation (HOAF) was founded by members who were inspired by the desire of children to get an education but have no access to education due to the death of their parents or aggravating poverty in Kenya, Somalia and Ethiopia. The organisation works to assist destitute children and orphans get access to education and live a life of dignity in the future.

Objective and activities

The main objective of the trust is the advancement of education and the preservation and protection of the health of refugees living in refugee camps in the Horn of Africa for the public benefit.

To cater for the destitute, children orphaned by war and those who come from poor families providing them with shelter, education, security and healthy lives in order to improve the quality of their lives and thus- their sense of pride.

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HORN OF AFRICA FOUNDATION Trustees’ report for the year ended 31 MARCH 2023(Continued)

The vision of Horn of Africa Foundation (HOAF) is to endeavor to provide for the children and the community as whole in Kenya, Somalia and Ethiopia, the opportunity to achieve selfsufficiency in terms of access to basic services such as health and education. HOAF’s vision also entails alleviating poverty and suffering among children, promoting cohesiveness and a peaceful society that is capable of deciding their own future.

What we do:

The Horn of Africa Foundation has an ambitious plan to conduct key programs focusing on: Education, Health Care, Emergency Relief, Ramadan, Qurbani and Eid festivals, Water and Sanitation, Help Sponsor an Orphans program and children and women’s welfare programs.

1 Achievement and performances

Horn of Africa Foundation (HOAF) is a small charity that was established in 2015. The charity operates in two geographical areas overseas (Horn of Africa countries including Ethiopia and Somalia and UK). The trustees are satisfied with the consistent progress and development of the charity.

2 Overseas Projects Building Community Hubs for rural Communities in the Somali Region of Ethiopia

Ogaden region also known as Somali region in Ethiopia is geographically the largest of nine ethnically defined states in Ethiopia. The region is divided in to 11 Zones (county’s) with more than 104 woradas (districts) and majority inhabitants are from Somali ethnic.

HOAF has been trying to understand day-to-day problems caused by conflicts in Somali regional state especially Dollo Zone where Ado (Caado) and Qorile districts located. Our volunteers have also carries out some research in Shabelle Zone where Gode and Iimey town are located. Caado town and Qorile areas were among most affected areas in the region and residents in these districts and surrounding area were forced to flee from their localities during violence between

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HORN OF AFRICA FOUNDATION Trustees’ report for the year ended 31 MARCH 2023(Continued)

government forces and liberation movement groups.

A traditional Madarasa is the only option available for many rural communities and most of

those traditional schools have no buildings. Children learn Quran in open space under the trees, they have no toilets, clean water for drinking or proper safeguarding in place. In those villages, there isn’t any health centre and communal halls for families to carry out any community activities.

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HORN OF AFRICA FOUNDATION Trustees’ report for the year ended 31 MARCH 2023(Continued)

HOAF has been working hard to address some of those problems mentioned above by building community hubs in Caado village, Gode, Imey and in Qorile. The centres will serve as a community hub that will become a multi-purpose, multi-use community resource to engage, inspire, educate, and connect different parts of the community.

https://youtu.be/m6r4VGkXDJ0

https://youtu.be/AwQ7ISK-ZeI

https://youtu.be/Pd9FOq0E4MY https://youtu.be/wTp4IB67RwA https://youtu.be/tl_x6uJy0FM )

3 Ramadan/ Eid Program and Orphan support

Horn of Africa Foundation has implemented an iftar, qurbani and water support, surviving drought in Qoriile, and Ado area warder zone Somali regional state of Ethiopia.

4 HOAF UK Activities

In This Together Covid-19 community support

The Covid-19 pandemic has highlighted the disparities that exist in the UK BAME communities, including communities in which HOAF has traditionally carried out fundraising activities. HOAF is therefore well-known and well-connected across these communities.

During the Covid-19 crisis, numerous individuals within these communities have suffered in a variety of ways, including a lack of food, acute loneliness, an inability or reluctance to access medical services, including mental health services and mistrust of government, including surrounding Covid-19 advice and vaccination services.

HOAF grant applications were approved during the 2021-2022 such as grants through National Lottery Community Fund To deliver a proactive Covid-19 response to support members of the Horn of Africa (HoAF) community in West London, prioritising those who are isolated, older, those with physical and mental health issues, facing severe financial challenges, struggling to feed their families etc.

Action for Improvement

The project aims to improve Horn of Africa Foundation’s Operations and further develop charity’s next five years objectives and sustainability strategy. It was 9 months long project that has focused community reconnection and action planning after pandemic. Action for improvement has achieved to engage over 400 members of the community through Annual community conference, outreach activity and drop-in sessions.

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HORN OF AFRICA FOUNDATION Trustees’ report for the year ended 31 MARCH 2023(Continued)

It has also improved charity working systems by employing skilled volunteers and project workers. The post project survey indicated that most community members have enjoyed activities provided by project staff and volunteers.

Public benefit

The Trustees declare that, they have throughout their activities had regard to the guidance issued by the Charity Commission on the public benefit.

5 Volunteers and Donors

We would like to thank all the volunteers, donors and Organisations who helped us succeed in our projects. This includes Littlediode, Award for All, love2donate, and National Lottery Community Fund and all the charitable individuals.

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HORN OF AFRICA FOUNDATION Trustees’ report for the year ended 31 MARCH 2023(Continued)

Financial review

This is the sixth year the charity has been in operation and has had some financial constraint; however, we have been able to raise funds and received unrestricted donations, and membership fee and a grant. This leaves us a surplus which will be spent according to our service policy.

Reserves policy and going concern

The balance held in reserves at 31st March 2023 was £4,827 of which £1320 is restricted for Community project. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The Charity's main source of income is donation, fundraising and membership fees. The Trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks.

Plans for Future Periods

The Charity plans continuing the activities outlined above in the forthcoming years subject to Satisfactory funding arrangements

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HORN OF AFRICA FOUNDATION

Trustees responsibilities in relation to the financial statements 31 MARCH 2023

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

Select suitable accounting principles and then apply them consistently;
Observe the methods and principles in the applicable Charities SORP;
Make judgments and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Report is approved and signed on their behalf by:

……………..

Gani Abdullahi Trustee 31 January 2023

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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HORN OF AFRICA FOUNDATION REGISTERED

Independent Examiner’s Report to the Trustees of HORN OF AFRICA FOUNDATION for the period ending 31 March 2023

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts for the charity. The trustees consider that an audit is not required for this year under section 144 of the Charity Registration Act 2011 (The Charities Act) and that an independent examination is needed.

It is my responsibility to: -

examine the accounts under section 145 of the Charities Act; and
to follow the procedures laid down in general directions given by Charities Commission (under section 145(5)(b) of the Charities Act),
state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out taking into consideration general directions given by Charity commission. An examination includes 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 the seeking of 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 I do not express an audit opinion on the accounts.

Independent examiner’s statement

In connection with my examination, I have reasonable cause to believe that (other than in relation to those matters disclosed in Part 2 below: -

(1) in all material respects the requirements:

to keep accounting records in accordance with regulations made under section 130 of the Charities Act;
to prepare accounts in accordance with regulations made under section 11(1)(b) of the Act ; have been met; and

(2) there are no material matters to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr A. Hussein -IFA

Optmark Accountants 5 Mitcham Lane

London SW16 6LG 31 January 2023

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HORN OF AFRICA FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 31 MARCH 2023

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Unrestricted Total
Funds Restricted Funds Total Funds Funds
2023 2023 2023 2022
Note £ £ £ £
Income from
Charitable Activities 2,266 1,320 3,586 20,342
Grants - - - 56,000
Other income 1,241 - 1,241 8,159
TOTAL INCOMING RESOURCES 2 3,507 1,320 4,827 84,501
RESOURCES EXPENDED
Charitable Activities (7,602) (5,311) (12,913) (83,829)
Governance and Support (84) (300) (384) (512)
TOTAL RESOURCES EXPENDED 3 7,686 5,611 13,297 84,341
Net income (4,179) (4,291) (8,470) 160
Funds brought forward 4,031 4,291 8,322 8,162
Net movement in funds and fund balances
carried forward at 31 March 2023 7 (148) 0.00 (148) 8,322
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HORN OF AFRICA FOUNDATION BALANCE SHEET As at 31 March 2023

BALANCE SHEET As at 31 March 2023
Current Assets	Notes	2023 2022 £ £
Cash at bank and in hand		152 8,322
Total Current Assets 5 Current Liabilities Creditors amounts falling due within one year 6 Total assets less current liabilities Financed by: Unrestricted Funds Restricted Funds 8
		152 8,322
		(300) -
		(148) 8,322
		(148) 4,031 - 4,291
		(148) 8,322

These financial statements were authorised and approved by the Trustees and signed on behalf of the Trustees by:

Mr Gani Abdullahi Trustee 31 January 2023

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HORN OF AFRICA FOUNDATION Notes to the accounts For the year ended 31 MARCH 2023

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Companies Act 2006 and applicable United Kingdom accounting standards.

Company status

The Charity is a company limited by guarantee. The members of the Company are the Trustees named on page 2. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

Cash flow statement

Under Financial Reporting Standard (FRS) 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that a parent undertaking includes the Charity in its own published consolidated financial statements.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in Note 2. Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The donation income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance of entitlement, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings

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HORN OF AFRICA FOUNDATION Notes to the accounts For the year ended 31 MARCH 2023

1. Accounting policies (Continued)

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project costs include other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.

2. Total incoming resources

Voluntary Income Unrestricted Income Members contribution Donations Other Income(Gift Aid) Restricted Income Grants Sub total Total Incoming Resources		2023 2022 £ £ 1,532 2,700 2,054 17,642 1,241 8,159 4,827 28,501 2023 2022 £ £ - 56,000 - 56,000 4,827 84,501

3. Resource Expenses

Charitable Activities Governance cost	Direct Support 2023 2022 Cost Costs £ £ 12,914 84 12,998 83,829 300 - 300 512 13,214 84 13,298 84,341

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HORN OF AFRICA FOUNDATION Notes to the accounts For the year ended 31 MARCH 2023

4. Trustees’ Remuneration

The trustees did not receive any remuneration during the year

5. Current Assets

Current account	2023 2022 £ £ 151 8,162
	151 8,162

6. Creditors: Amount falling due within one year
Accrued cost	2023 2022 £ £ 300 -
	300 -

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HORN OF AFRICA FOUNDATION Notes to the accounts (Continued) For the year ended 31 MARCH 2023

7. Analysis of charitable funds

7. Analysis of charitable funds
Unrestricted Funds Current year movement Restricted funds: Current year movement Total funds	Bal b/f Bal C/f As at 1st April 2022 Income Expenditure As at 31 March 2023 2022 £ £ £ £ £ 4,031 3,507 (7,686) (148) 4,031 4,291 1,320 (5,611) (0) 4,291
	8,322 4,827 (13,297) (148) 8,322

8. Taxation

HORN OF AFRICA FOUNDATION is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the taxation of Chargeable Gains Act 1992 to the extent that they are applied. 10. Ultimate Parent Undertakings

9. Pension Cost

The charity did not incur any pension liability and did not participate any pension fund.

10. Related party Transitions

There were not related party transactions during the year