**CHARITY REGISTRATION NUMBER: 1162909**
## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
TRUSTEE’S ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Accounts**
## **Year ended 29 FEBRUARY 2024**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Statement of financial activities|**5**|
|Statement of financial position|**6**|
|Notes to the accounts|**7**|
## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Trustees' Annual Report**
## **Year ended 29 February 2024**
The trustees present their report and the unaudited accounts of the charity for the year ended 28 February 2024.
## **Reference and administrative details**
**Registered charity name** HIGSI RELIEF & DEVELOPMENT ORGANISATION **Charity registration number** 1162909 **Principal office** 89 Bruce Grove Tottenham London N17 6UZ
## **The trustees**
Mohamed Hassan Mohamud. Mohamed Abdi Mohamud Fatma Askar
**Independent Examiner** Rehana Akhter AFA MIPA 23 Bulrush Terrace London, UK IG11 0NT
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 29 February 2024**
## **Structure, governance and management**
HIGSI RELIEF & DEVELOPMENT ORGANISATION is constituted as a charitable trust registered with the Charity Commission under the charity number 1162909. It is governed by a deed of trust. The organisation is chaired by Mr. Mohamed Abdi Mohamud.
## **Organisational Structure**
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet as a body on a quarterly basis to review overall direction of the foundations, facilities and activities provided by the charity.
## **Recruitment and appointment of trustees**
The existing trustees and responsible for the recruitment of new trustees.
## **Induction of training of trustees**
Upon appointment, new trustees are introduced to their new roles and responsibilities and given a copy of the trust deed. They are introduced to their sources available on the Charity Commission website and encouraged to become familiar with the requirement and good practice processes applicable to our charity, namely the Charities Act 1993.
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
**Trustees' Annual Report** _**(continued)**_
**Year ended 29 February 2024**
## **Objectives and activities**
## **Our aims**
The objects of the charity are set out in the charity's trust deed and are summarised here:
a) Improve healthcare delivery to disadvantaged populations in Somalia including women and children, the extremely poor, the aged and those with disabilities, pregnant and lactating moth.
b) Delivery and distribution of medical supplies and education material to El Ba’ad Hospital in Middle Shebelle Region in Somalia.
c) Promote education of Somali health professionals with the aim of retention of clinical skills and reduce migration of Somali health care professionals leaving to other countries.
d) To tackle issues such as knife crimes, gang associated crimes, employment problems of young Somalis in the UK by enhancing leadership development and suitable training.
e) To provide counselling, advice and support to families and others when needed.
## **Our Objects**
Our objects are building initiatives or the saving of lives, the advancement of education, the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantages in Somalia and solving the issues facing by the youth Somalis in the UK.
## **Activities**
The charity carries out activities in pursuance of its charitable aims. The trustees consider that the activities, summarised below, provide benefits to wider community.
It enables Somali doctors, nurses and other health workers to go back to work by providing them with access to basic supplies of delivery of healthcare.
Support training of Somali healthcare professionals by enabling El Ba’ad hospital staff and staff of remote hospitals in Somalia to access healthcare education in Somalia by
i) Raising funds for travel and per diem costs as well as any costs related to training. ii) Raising funds for contracting private consultants to provide training inside Somalia.
Contacting international organisations providing healthcare training in Somalia to include El Ba’ad hospital staff as well as staff of remote hospitals in their training programmes.
## **Achievements and performance**
During the year the charity paid £5,170 to the hospital. Total donation received during the year was £7,047 and the charity paid 74% donation to the hospital.
## **Financial Review**
This year the charity has a net surplus of £1,637. The donation received was less than last year.
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## **Plan for future periods**
The charity is planning to apply for the Zakat from Kuwait which will be paid directly to the hospital improvement in Somalia.
After achieving the initial aim and objectives the charity is planning to expand into further goals for the charity by providing education, religious faith centers and wells for the remote areas in Somalia.
The charity also has its objectives to provide help and training to the young Somalis to eliminate the issues facing by the youth and also to provide help to the Families and elders.
The financial position of the Trust is portrayed in the accompanying Annual Account.
The trustees' annual report was approved on …11.11.2024… and signed on behalf of the board of trustees by:
Treasurer
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Statement of Financial Activities**
## **29 February 2024**
|||**2024**||2023|
|---|---|---|---|---|
|||Unrestrict|**Total**|Total|
|||ed funds|**funds**|funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|7,047|**7,047**|7,262|
|Investment income|||||
|||-|**-**|-|
|||||`────────`|
|||`─────────`|`─────────`||
|**Total income**||7,047|**7,047**|7,262|
|||||`════════`|
|||`═════════`|`═════════`||
|**Expenditure**|||||
|Expenditure on charitable activities|**5,**||||
||**6**|5,410|**5,410**|7,360|
|||`─────────`|`─────────`|`─────────`|
|**Total expenditure**||5,410|**5,410**|7,360|
|||`═════════`|`═════════`|`═════════`|
|||`─────────`|`─────────`|`─────────`|
|**Net income and net movement in funds**||1,637|**1,637**|(98)|
|||`═════════`|`═════════`|`═════════`|
|**Reconciliation of funds**|||||
|Total funds brought forward||1,319|**1,319**|1,417|
|||`─────────`|`─────────`|`─────────`|
|**Total funds carried forward**||2,956|2,956|1,319|
|||`═════════`|`═════════`|`═════════`|
The statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities.
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Statement of Financial Position**
## **29 February 2024**
|||**2024**||2023|
|---|---|---|---|---|
|||**£**|**£**|£|
|**Fixed assets**|||||
|Tangible fixed assets|||**-**|-|
|**Current assets**|||||
|Cash at bank and in hand||**3,436**||1,559|
|**Debtors: amounts falling due within one year**||**-**||**-**|
|**Creditors: amounts falling due within one year**|**9**|**480**||240|
|||`────────`||`────────`|
|**Net current assets**|||**2,956**|1,319|
||||`─────────`|`─────────`|
|**Total assets less current liabilities**|||**2,956**|1,319|
|**Creditors: amounts falling due after more than**|||||
|**one year**|||**-**|-|
||||`─────────`|`─────────`|
|**Net assets**|||**2,956**|1,319|
||||`═════════`|`═════════`|
|**Funds of the charity**|||||
|Unrestricted funds|||**2,956**|1,319|
||||`─────────`|`─────────`|
|**Prior year adjustment**|||||
|**12**|||**-**||
|**Total charity funds**|||**2,956**
`═════════`|1,319
`═════════`|
These accounts were approved by the board of trustees and authorized for issue on 11.11.2024 and are signed on behalf of the board by:
## **ON BEHALF OF THE BOARD:**
**----- Start of picture text -----**
........................................................................
**----- End of picture text -----**
Treasurer
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION Notes to the Accounts**
## **Year ended 29 February 2024**
## **1. General information**
The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 89 Bruce Grove, Tottenham, London, N17 6UZ, UK.
## **2. Statement of compliance**
These accounts have been prepared in compliance with FRS 102, '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.
## **3. Accounting policies**
## **Basis of preparation**
The accounts 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 or expenditure.
The accounts 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.
## **Transition to FRS 102**
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2016. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
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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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Notes to the Accounts** _**(continued)**_
## **Year ended 29 February 2024**
## **3. Accounting policies** _**(continued)**_
## **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:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
- legacy income is recognised when receipt is probable, and entitlement is established.
- 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. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- 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 if 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:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- 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.
- 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.
## 4. **Donations and legacies**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|**Donations**|||||
|Donations Received|7,047|**7,047**|7,262|7,262|
||`─────────`|`─────────`|`─────────`|`─────────`|
||7,047|**7,047**|7,262|7,262|
||`═════════`|`═════════`|`═════════`|`═════════`|
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
## **Notes to the Accounts** _**(continued)**_
## **Year ended 29 February 2024**
## **5. Expenditure on charitable activities by fund type**
|||**Total**||Total|
|---|---|---|---|---|
||Unrestrict|**Funds**|Unrestrict|Funds|
||ed Funds|**2024**|ed Funds|2023|
||£|**£**|£|£|
|Donation and related expenses|5,170|**5,170**|7,120|7,120|
||`────────`|`────────`|`────────`|`────────`|
||5,170|**5,170**|7,120|7,120|
||`════════`|`════════`|`════════`|`════════`|
|**Expenditure on charitable activities**|**by activity type**||||
||Activities||**Total**||
||undertake|Support|**funds**|Total fund|
||n directly|costs|**2024**|2023|
||£|£|**£**|£|
|Governance costs|240|**240**|**240**|240|
||`────────`|`────────`|`────────`|`────────`|
||240|**240**|**240**|240|
||`════════`|`════════`|`════════`|`════════`|
## **6. Expenditure on charitable activities by activity type**
## **7. Staff costs and emoluments**
The total staff costs and employee benefits for the reporting period are nil (2024) and nil (2023).
## **8. Trustee remuneration and expenses**
Trustees are working on voluntary basis.
## **9. Creditors: amounts falling due within one year**
**2024** 2023 **£** £ Other creditors **480** 240 `════ ════`
## **10. Transition to FRS 102**
These are the first accounts that comply with FRS 102. The charity transitioned to FRS 102 on 1 January 2016. No transitional adjustments were required in the retained funds or income or expenditure for the year.
## **11** . **Related Party Transaction:**
There was no related party transaction during the year.
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## **HIGSI RELIEF & DEVELOPMENT ORGANISATION**
**INDEPENDENT EXAMINER'S STATEMENT**
**Year ended 29 February 2024**
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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.
…………………………………… Rehana Akhter AFA MIPA Independent examiner
23 Bulrush Terrace London IG11 0NT
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