POVERTY CONCERN
A Registered Company Limited by Guarantee
And a Registered Charity
"Fighting Poverty and Social Exclusion"
FINANCIAL STATEMENT
FOR THE YEAR ENDED
30 June 2021
Company Number: 06948850
Charity Number: 1163477

POVERTY CONCERN
Year ending 30th June 2021
Company Number. CE948850
Charity Number
1163477
Address:
Angel Communty Centre
Raynham Road
Edmonton, London
N18 2JF
Directors and Trustees:
Mr Ibrahim M Issaq
Mrs Khadijia Y Mohamud
Mr Osman Addow
Mr Ahmed Mohamed
Miss Sagal Ali (Not a trustee from 8th April 2021)
Mrs Khadijia Yuusuf
Governing document:
The organisation is operated under the rules of its Memorandum of Articles and
Association.
Bankers:
Lloyds Bank
Independent Examiner:
TACTS Accountant
Chartered Certified Accountant
81 Rayleigh Road
Palmers Green
London, N13 5QW

POVERTY CONCERN
FINANCIAL ACCOUNTS
TH
FOR THE PERIOD ENDED 30 JUNE 2021
CONTENTS
Pages
4-8. Directors, & Trustees, report
Independent Examination
10. Income and Expenditure Accounts
11.
Balance Sheet
12-14. Notes to the Accounts

POVERTY CONCERN
Report of the Directors and Trustees for the year ended 30th June 2021
The trustees are pleased to present their annual directors, report for the year ending 30,
June 2021 which are also prepared to meet the requirements for a directors, report and
accounts for 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-.
Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Finar)cial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102) (effective 1 January 2015)
Principal Activity and objects
Poverty COn￿rTr works in the most deprived area in the London Borough of Enfield - Upper
Edmonton, Edmonlon Green and Lower Edmonton Wards. We provide community
programmes to support Refugees families: adults, children and young people. We specialise
in work with Somalian, Ethiopian and Eritrean communities, but we serve the whole National
and local Refugees community. The families we serve confront chronic problems, caused by
benefit caps, problems with claiming universal credit, eviction and homelessness. debt, and
the impact of druglknifelgang crime.
Our core seryices are as follows..
Supplementary school education and youth mentoring
Advice giving in relation to employment, benelits. housing issues and EU settlement
Short term training for adults, focusing on functional skills. employability skills and computer
skills
Community consultation and inforrnation sharing
Volunteer and peer support for individual families, especially families who are newly arrived
in the neighbourhood.
We work over the long term with families and we believe that the impact of poverty reaches
into all areas of family life and requires this patient long term support. We have been running
for eleven years, and we have extensive local networks and support. We are strongly
committed to working with local communities to make our area safe. We are supported by
long term volunteers who live loGally and provide 1 to 1 mentoring to individual families.
Impact of Covid-19 on our work
The pandemic has emphasised already existing inequalities_ Families reported to us a range
of problems which included.. debts getting worse due to increased utility and telephone bills
and due lo reduction in income- food insecurity due to children staying at home and eating
more, social isolatiorl due to lack of computer skills or lack of aC￿sS to a computer," low
mental health among adults and children due to uncertaintylfamily tensionsllack of
opportunities to socialise_
We closed our offices in March 2020 and migrated all our services online. We conducted
telephone consultation and formed a plan with our service users. We have been
implementing this plan between June 2020 and June 2021 as follows.
Supplementary school education was continued through online tutoring
Advice and support continued through telephone calls and WhatsApp
Adults received help io get online and to leam basic computer skills, together with laptops
and Pcs for the most socially isolated families
Community Gonsultation and infomiation shanng took place through telephone calls and
WhatsApp groups

We give more detail about each of these separate programmes below:
Supplementary school education
Our supplementary school has been funded by BBC Children in Need for the last three
years. We were due to finish the project in November 2020 but the closure of our offices
meant that we saved money on rent. This allowed us to continue with the service into March
2021. We are grateful to BBC Children in Need for allowing us to reallocate our budget in
this way.
The children and young people we support were dealing with the stress of interrupied
education. Their parents were feeling helpless and overwhelmed as they struggled to help
each of their children focus on their schoolwork online. Even when the children and young
people returned to school there were many occasions when they had to stay at home
because of infections within their bubble at school. The disruption, uncertainty and isolation
continued throughout the school year and caused children great anxiety. Some children
were also fearful about learning over zoom because they viewed the internet as a place of
danger.
We provided 1 hour of tuition each week to each individual family. The tutors worked with the
children to review their schoolwork for that week and to provide help and explanations where
necessary. The tutors also played an important role as mentors. They reassured the children
that they were doing well and that their education was vitally important_ Children and parents
both became more confident and happier. It was very rewarding to see that regular and
consistent support had such a big impacl. All our children and young people have managed
to do well in their education this year and have reached at least average slandards for their
age group. We were able to provide laptops and PCS to some families so that children in a
household would all be able to work at the same time.
Advice and support
We received Covid-19 funding from the London Community Foundation and from the Home
Office lo continue with our advice service over telephone and WhatsApp. This enabled us to
offer regular and consistent contact. which as with our education service, was the most
important factor in reassuring the families we work with.
We recognised from early on that there were many risks to long temi lockdown and
restrictions. Adults were feeling helpless and ovewhelmed and children and young people
were frustrated with their limited social life. They were also often fighting over the use of
telephone or laptops. In addition. there was the danger of utilities being cut off or broadband
being disconnected.
We identified the most isolated and at-risk families and made sure that we Contacted them
regularly and, in some cases, especially with single mothers, we provided support in how to
use the internet. We were also able to pay some pressing utility and telephone bills and this
relieved some of the worst sources of stress.
As the vaccine rollout began. we provided infomiation about the vaccine safety record, the
age groups that were being called for the vaccine, and the locations where it was available.
Refugees Adult Training and Education
The most importanl area of Refugees adull education Ihis year has been addressing digital
exclusion. This has mainly affected Refugee's women. We helped to support a number of
single mothers to learn more aboLrt the internet_ We also provided laptops and Pcs where
necessary. Mothers suddenly found themselves having to help their children get online and
do school work remolely and it was a shock for Ihetn to adapt to this new situation. They
oflen had no knowledge of the inlernet and no computer skills, with Iheir experience
restricted to mobile phones We provided tuition and telephone support which enabled them
to gain basic skills. They learned how lo help their children and, in some cases, they were
able to look up information online and lead and reply to emails for themselves.

Community Communication Project
We continued with our community communication project, funded by the National Lottery
Cornmunity Fund. The project sessions were interrupted by Covid-19 at first, but we decided
to focus on stories of the pandemic. We collecled some stories and case studies of our work
and we will add Ihis to the collection of stories thal we are planning to publish when we are
able to have a full community launch evenl later this year. Communication and support for
OLJr staff and volunteers was and is very important to us and we were able to take an exisling
project and apply it to the new srtuation.
Summary of Achievements
The year ending 30 June 2021 has been a difficult year for Poverty Concern and its
members. The impact of the Covid-19 pandemic has severely affected Ihe wellbeing of our
members and also affected our ability to deliver projects and raise funding.
However, we are proud that we have been able over the last year to make a substantial
contribution to the lives of people who are living in poverty.
We believe that we have contributed to the long-term futures of both children and adults.
although we know that our members are facing problems of disadvantage that are increasing
in all areas of their lives.
Achievements this year:
37 children were supported by our online tutoring and mentoring programme and showed
increased attainment and continued commilment to education_ 105 Refugees adults
received advice from trained advisers in the following areas." problems with benefits
especially with young people applying for Universal Credit for the first time150 % ), problems
with debt and paying bills180 /0), lack of infomiation about government restriclions or safety
advice190°/.}, information about Covid-19 spread and information about the vaccine (1000/0
4 staff members and 5 volunteers contributed time, mentoring and experience to delivering
our projects and supporting our members. 142 people in total benefited from our support.
We helped in big and small ways to help families get through the last year.
The future
We take this opportunity to look ahead lo consider the uncertain future and to plan for what
issues might lie ahead for our members. The general picture is one of a series of problems
caused by the impact of Covid-19 which will exaggerate already existing inequalities. This
picture is unchanged from last year and will continue for the foreseeable future.
We plan for the following developments..
The need for training and job seeking for a currently unskilled workforce- we will continue to
advise our members in all areas of benefrts especially in-work benefits, training opportur7ities
and debl issues. We will develop employment training and support programmes for our
members.
The need for improved digital skills to participate in online learning and communication we
are already making sure that our members have skills and technology ne￿SSary foi on line
communication.
Children dealing with pressures at home and problems at school. Young people deciding to
leave education early because of family income pressures. We conlinue to provide online
support and mentoring and look forward to opening our supplementary 5Ghool when we are
able to resume work in our office and provide the face-to-face drop-in help thal we believe is
the best way to support families al risk.

Vaccine rollout. We continue to pass on government messages and to advocate for the
vaccine. We will offer our offices as a location for further vaccine rollouts and will work with
GP surgeries and NHS staff.
Loss of community cohesion as a result of reduced fa￿ lo face contact- we want to use our
urrent communication project to hold a community event when it is possible. We will use
this event lo reconnect our community and piovide a place to express fears and hopes and
to receive peer support.
Increased levels of crime and lack of communtty safety due to local and national cuts - we
will continue to wod( as mentor and advisor to help our members know how lo stay safe and
to ensure their experiences are passed on to relevant authorities.
Final Words
We WOL51d like to thank all our Board Members, Staff, volunteers and all our service users
who have given their energy and commitment to achieve Poverty Concern objectives this
year. We would also like to thank our funders for their support. We look forward to
ontinuin9 to serve our local community to achieve our objectives next year.
Governance, Structure and Management
Poverty Concern is a private limited company number 06948850, governed by its
Memorandum and Articles of Association. These are wholly based on the Memorandum and
Articles of Association of the chanty, which is registered with the Charity Commission
(number 1163477. New Directors and Truslees are appointed by a resolution of the
Directors passed at a special meeting of the Directors. Officers of the charity {Chairperson,
Vice-chairperson, Treasurer and Secretary) are elected by members at the Annual General
Meeting and inducted by fellow Directors and Trustees and the Co-ordinator. The overall
management of finan￿ is the responsibility of all the Trustees acting on the
recommendations of Ihe Chairman. the Treasurer and the Secretary and the advice of the
Co-ordinator. The Trustees fom the Management Committee, which meets al least
quarterly
Public Benefit
The Trustees confirm that they have complied with their duty under the Charilies Act 2011 to
have due regard to the Charity Commission's general guidance on public benefit.
Risk management
The trustees have a risk management strategy which comprises"
an annual review of the principal risks and Un￿rtaIntieS that the charity undertakes.
the establishmenl of policies, systems and procedures to mitigate those risks identified in
the annual review" and
the implementation of Pro￿dureS designed to minimise or manage any potential impact on
the charity should those risks materialise_
The Trustees constantly review risks relevant to the charity. Any risks identified are reported
to the Trustees and decisions made on how to minimise risk.
Financial Review
Poverty Concem's main funding SoUr￿S are restrbcted and non-restricted grants.

Reserve's policy and going concern
The Board has assessed the charity's requirements for reserves in the light of the main risks
to the organisalion. As a result, the Board has approved a policy whereby the unrestricted
funds not committed, should be held in reserve and maintained at a level which ensures that
Poverty Concern's core activity could continue during a pertod of unforeseen difficulty. The
target reserve amount represents al least 6 months. 126 weeks) expenditure and will be
reviewed annually.
Our volunteers
Poverty Concem is very involved in the community and relies on voluntary help. Around 3
volunteers assist wth our on-going activities. We want to thank our volunteers for their loyal
support and contribution
Statement of Directors. and Trustees, Responsibilities
The Companies Act 2006 reqLJires the directors to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the company and of the
profit or loss of the company for that period. The directors are responsible for keeping proper
accounting records which disclose with reasonable accuracy al any time the financial
position of the company. Charily trustees are the people vtho serve on the goveming body of
charity. They may be known as trustees. directors, board members, governors or
commtitee members. The principles and main duties are the same in all cases. Trustees
have, and must accept, ultimate responsibility for directing the affairs of a charity, and
ensuring that it is solvent, well-iun, and meeting the needs for which it has been set up.
We would like to thank all our Board Members, Staff, volunteers and all our service users
who have given their energy and commitment to achieve Poverty Concern objectives. We
would also like lo thank our funders for their support.
Sigvd on their behalf all directors
Ibrahim M Issaq (Director)
30" July 2021

Independent examiner's report to the trustees of Poverty Concern
I report on the accounts of the company for the year ended 30th June 2021, which
are set out on pages 10 to 14.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of
company lawl are responsible for the preparation of the accounts The charity's
trustees consider that an audit is not required for this year under section 144 of the
Charities Act 2011 (the Charities Act) and that an independent examination is
needed. l am qualified to undertake the examination by being a qualified member of
the Association of Chartered Certified Accountants.
It is my responsibility to..
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by
the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the
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 seeking explanations from the trustees concerning any such matters. The
procedures undertaken do not provide all the eviden￿ 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 wilh my examination. no matter has come to my attention (other than
that disclosed below ") to indicate that-.
accounting records have not been kept in accordance with section 386 of the
Companies Act 2006;
the accounts do not accord with such records:
where accounts are prepared on an accrual's basis, whether they fail to
comply with relevant accounting requirements under section 396 of the
Companies Act 2006, or are not consistent with the Charities SORP IFRS1021
any matter which the examiner believes should be drawn lo the attention of
th
reader to gain a proper understanding of the accounts.
Date: 3010712021
Chartered Certified Accountant
TACTS Accountant, 81 Rayleigh Road. Palmers Green, London N13 5QW

POVERTY CONCERN
INCOME AND EXPENDITURE FOR THE PERIOD ENDING 30TH JUNE 2021:
Unrestricted
Restricted
Total
Tolal
Funds
Funds
Funds Funds
2021
2020
Notes
INCOMING RESOURCES
Voluntary Income
10,992
10,992 1,745
Grants to charitsble activities
BBC Children in Need
Big Lottery Awards for All
London Community Fund
5,000
5,000 10,000
8,522
9.892
9,892
TOTAL INCOMING RESOURCES
10,992
14,892
25,884 20,267
RESOUCES EXPENDED
Charitable Expenditure
{14)
4,983
20,838
25,821 12,576
TOTAL RESOUCES EXPENDED
4,983
20,838
25,821 12,576
Net Incomings loutgoings)
6.009
15,9461
63
7,691
FUNDS BROUGHT FORWARD
5,398
5,946
11,344 3,653
FUNDS CARRIED FORWARD
11,406
11,406 11,344
There were no recognised gains or losses for the above period other than those shown In
the statement of financial activities for the above financial year. Al incoming resources
and resources expended are derived from continuing activities.
lThe noies aIlachedfor￿Parts ofthisfinancials¢alement)
io

POVERTY CONCERN
BALANCE SHEET AS AT 30TH JUNE 2021
FUNDS
2021
FUNDS
2020
Notes
Fixed Assets
Current Assets:
Cash at bank and in hand
11,7C6
11,643
Current Liability:
Accruals
(12)
300
300
Net Assets
11,406
11,343
As Represented by:
Restricted Fund
Unrestricted Fund
(13)
5,946
5,397
11,406
11.406
11,343
Total Funds
(The notes form part of this account)
The directois are satisfied that the company is entitled to exemption from the
provisions of the Companies Act 2006 (the Act) relating to the audit of the financial
statements for the year by virtue of section 477, and that no member or members
have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of financial
statements.
This report has been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The accounts were approved by the Directors on 30th Jul 2021 and signed on their
be￿{If by
Ibrahim M Issaq
Director

POVERTY CONCERN
For the year ended 30th June 2021
Notes to the account
1. Accounting policies
The principal accounting policies adopted. judgements and key sources of estimation
uncertainty in the preparation of the financial statements are as follows-.
Basis of preparation
The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015)
(Charities SORP {FRS 102}), the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) and the Companies Act 2006. Povety Concern
meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless othemise stated
in the relevant accounbng policy note(s).
2. Cash Flow Ststement
The trustees have taken advantage of the exernption in Financial Reporting
Standard No 1 (revised) from including a cash flow statement in the financial
statements on the grounds that the company is small.
3. Income
Income is recognised in the period to which it relates, unless specified otherwise by
the funder. Projecl funding is, in general. repayable rf not expended within the
relevant project. Such income is only recognised to the extent that it ceases to be
repayable. The income is accounted for on a receivable basis.
4. Resource Expended
All expenditure is accounted for on an accrual basis and has been included under
expenses categories that aggregate all costs for allocation to activities.
5. Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided to write off the cost. of all fixed assets ovei their expected
useful life as follows.
Equipment_ 33.33 % straight line.
'This year, the oiganisation did not have any fixed asset to be depreciated.
6. Taxation
Povety Concern is a registered charity and is not liable for corporation tax on its
income under section 505 of the Income and Corporation Taxes Act 1988 to the
extent that it is applied to its charitable activities.
7. The company charity has no paid staff on payroll and trustees are not
remunerated
12

8. Support Cost
Allocation of support costs are those functions that assist the work of the charity but
do not directly undertake charitable activities. Support costs include back-office
costs, finance, personnel. and governan￿ costs which support the Charity activities.
These costs have been allocated be￿een cost of raising funds and expenditure on
charitable activities. The bases on which support costs have been allocated are set
out in note 15.
9. Fund Accounting
Fund accounting unrestricted funds are available to spend on activities that further
any of the purposes of charity.
10. Poverty Concern is a company charity limited by guarantee governed by its
memorandum and articles of association and does not issue shares.
11. Debtors
The Organisation has no debtors
12. Creditors
2021
2020
Professional Fees
300
300
300
300
13. Analysis of Restricted Fund
8alance @
1st Jul 20
3,446
2,500
Balance @
Incomings Outgoings 30th Jun 21
3,446
7,500
9,892
20,838
Big Loltery {Awards for All)
BBC Children in Need
London Community Fund
5,000
9,892
14,892
5,946
Purpose of grant:
BBC Children in Need and Awards for All grant supported young people with their education_
The London Community Fund was awarded to provide infomiation and advice to
communities who suffered during this Covid-19 pandemic and for emergency response to
tackle poverty.

14. Charitable Expendbture
UnTestTiCted
Funds
Restricted
Funds
Total
Funds
2021
Total
Funds
2020
Outreach and Sessional
Workers
Training and Workshops
Printing, Design & Publicity
Community response activities
Rent and Hall Hire
Administration & Running Costs
Professional & Consultancy fees
Equipment and IT expenses
Volunteer Expenses
1,960
250
100
965
12,516
14.476
250
150
3,231
1,807
2.078
300
1,817
1,712
5,349
280
126
50
2,266
1,807
1,224
5,640
461
300
854
300
1,817
1,158
554
420
Total Charitable Expenditure
4.983
20,838
25,821
12,576
15. Support and Governance Cost
General Support
Governance Totsl
Equipment and IT Expenses
Professional and Consultancy
Admin & Running Cost
1,817
1,817
300
2,078
4,195
300
2.078
3.895
300
14