## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
**Accounts & Reports**
**For the year ended 1 November 2022**
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
**Accounts & Reports**
**For the year ended 1 November 2022**
||**Page**|
|---|---|
|Legal and administratve informaton|1|
|Trustees’ report|2-9|
|Independent examiner’s report|10|
|Statement of fnancial actvites|11|
|Balance sheet|12|
|Notes to the accounts|13-16|
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## Legal Information
||For the year ended 1 November 2022|
|---|---|
|Status:|The organisaton is a charity registered with the Charites Commission in|
||England & Wales.|
|Charity number:|1166589|
|Registered Ofce &Headquarter||
|Business Address:||
||9 Chignal Place|
||West Ealing|
||London|
||W13 0TJ|
|Trustees:|Mr Yahya Abdi Ali -Chair|
||Mrs Farhiya Ali Elmi -Vice Chair|
||Mr Dualeh Adan Farah -Treasurer|
||Mrs Asha M. Hashi -Member|
||Mr Omer M. Suliman -Member|
|Bankers:|Barclays Bank 1 Churchill Place|
||Canary Wharf|
||London|
||E13 5BH|
|Accountants:|United Accountants & Tax Advisors|
||17 Bellhouse Road|
||Shefeld|
||S5 6HJ|
1
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## Trustees Report
For the year ended 1 November 2022
## **OUR AIMS**
The charity operates as a non-profitable charity organisation and a scheme which was sealed by the
Charity Commissioners for England and Wales on 18 April 2016 which included the regulations for
appointment of trustees. The objects of the charity are the advancement of social cohesion, health and education both in the UK and east Africa. We aim, through our experience, knowledge and facilities to provide a first class education, health care and water facilities in east Africa, and we also aim to provide support and we aim to promote social inclusion by working with people who are socially excluded in the grounds of their ethnic origin and or religion, to relieve the needs of such people and assist them to integrate into society in particular by providing advice and assistance in the UK.
We seek to provide a structured educational, medical, social environment that develops the society’s
capabilities, competences and skills. We promote health, academic, moral and tolerant development of the society. We provide aim to provide an environment where each person in the countries that we operate and we help can develop and fulfil his or her potential, building their self-confidence and
inculcating a desire to contribute to the wider community. In so doing, we prepare individuals for the opportunities, responsibilities and experience of life.
## **OUR OBJECTIVES**
1. TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY WORKING WITH PEOPLE WHO ARE SOCIALLY EXCLUDED ON THE GROUNDS OF THEIR ETHNIC ORIGIN AND/OR RELIGION, TO RELIEVE THE NEEDS OF SUCH PEOPLE AND ASSIST THEM TO INTEGRATE INTO SOCIETY IN PARTICULAR BY PROVIDING ADVICE AND ASSISTANCE.
2. THE PREVENTION OR RELIEF OF POVERTY IN EAST AFRICA BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATION, TRAINING, HEALTHCARE PROJECTS, WATER WELLS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT.
Our objectives are set to reflect our charitable aims and the ethos of the better society. This objective is, however, set in the context of the broader goals we set for the charitable cause and the wider society. In setting our objectives and planning our activities our trustees have given careful consideration to the Charity Commission’s public benefit guidance. Our key objectives for the year included:
• To build a boarding school in east Africa and to provide education programs and facilities in a rural
areas of east Africa.
2
- To enhance and improve the co-operation of different sectors of the society for long term cooperation around development and cohesion in the society.
- To continue to develop a first class education, health care and water facilities.
- To increase the number of people who can read and write.
- To provide continuing support for the schools and the medical health centres.
- To work on a program to provide bursaries once the school, medical and water facilities are running in east Africa to maintain the services.
- To develop our ‘Teaching, medical and water Links’ programme of co-operation and joint working with local and international agencies.
- To play our part in the life of our local community through our community access and service
programmes both in the UK and east Africa.
3
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## Trustees Report
For the year ended 1 November 2022
## _Legal structure_
The organisation is a charitable unincorporated association.
## _Financial statements_
The trustees submit their trustees’ report and financial statements for the year ended 1 November 2022.
## **RISK MANAGMENT.**
Risk Management the trustees are responsible for the overseeing of the risks faced by the charity.
Detailed considerations of risk are delegated to the chairman of the charity to identified, assessed and controls established throughout the year. A formal review of the charity’s risk management processes is undertaken on an annual basis. Risk is managed under the headings of financial sustainability, safety, volunteer’s welfare, employment, and events and community access. The main risks that the trustees have identified and the plans to manage those risks are:
- Reputation: - The charities success is built on its reputation for the projects provided and completed and well-being of our volunteers. We manage this risk through safeguarding policies, staff recruitment policies, pastoral support for both trustees and volunteers and active identification and resolution of health and safety related issues.
- Money: - Our ability to continue is reliant on individual donations and the ability to pay bills as the fall due. This risk is managing by marketing activity, having a reputation for charities functions and active cash-flow management including access to an adequate short-term credit facility for the charity.
- Through the risk management processes established for the charity, the trustees are
- satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
## **CHARITY TRUSTEES**
The trustees are the charity trustees of Guryosamo International Foundation Trust. New trustees are
appointed by the trustee’s chairman. All trustees have served throughout the year Trustees Responsibilities
The trustees are responsible for keeping proper accounting records which disclose at any time the
financial position of the charity and enable them to ensure that the financial statements comply with the relevant regulations.
The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.
4
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the constitution.
5
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
Trustees Report (Continues)
For the year ended 1 November 2022
## **REVIEW OF ACTIVITIES AND ACHIEVEMENTS**
Our activities are carried out trough presenting our aims and objectives to the public to raise funds so we can provide the services which are provided within our objectives and to meet our annual targets.
Our results showed further improvements with our public engagement being the best achieved by the standard to date. The development also includes the development of individuals, including the ‘soft skills’ of self-presentation, team working, coaching and mentoring of others and social skills. The cooperation activities are significant for being the main avenue for developing these strengths where we combine the personal interests of the community with the opportunities to develop the society.
Our aim for the near future is also to provide, teaching programs, Sports facilities for both girls and
boys with the boarding school, fitness for all, and students will have a free choice of sport, from a wide range of options, football, netball, basketball and running.
We have liaised with locals in east Africa to work together in the future and sharing our vision with supports our view of the success of the programmes. We believe the exchange of ideas and the opportunity to work together, learn and work alongside other agencies and different aspects of the society is mutually beneficial. This work also advances our broader objective aims and has an undoubted benefit when we work in different working environment by developing local social skills. We will continue to liaise closely with many international and national agencies we work with so that
our programmes continue to meet the needs of those who participate and to deliver success and many other benefits besides. We aim in the future to provide Community Services where we provide young adults in the UK to take part in practical voluntary service in the local community and, in their Gap Year, at our schools in east Africa One in Somalia. Through these opportunities to serve others, young adults also gain educationally though a meaningful interaction with those outside our School
community. In the nest year we aim to facilitate this program.
## **FUTURE PLANS and Environmental Initiatives:**
Our aim to cut our carbon footprint, we aim to provide renewable energy such solar panels to provide electricity, we want the facilities to be carbon neutrally institutions off-setting all its emissions of CO gases. We believe we are amongst the first schools in the world to do this in east Africa. This is complemented by many practical environmental and recycling initiatives to reduce emissions in our buildings new and old and by educational initiatives. We hope that by setting a good
6
example as an institution, we can help to influence the expectations and behaviour of the surrounding communities providing public benefit.
Community access to the school is to be used for public meetings and adult education in the evenings.
As part of a wider community and where we can assist the community. In the future for the local community to make regular use of the school free of charge out of school hours for organising the
community to take part of the development programs.
The trustees intend to continue their current strategies of maintaining the facilities that we build such as Medical health centres, School’s and water wells by investing to provide high quality facilities,
education and health care.
Our future plans are financed primarily from grants and donations by individual. The trustees will
maintain an equitable balance ensuring our current programs benefit whilst, at the same time, ensuring a sound infrastructure and financial base are preserved for the future in the same way as our current community benefits today from the investment made in the past.
7
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
Trustees Report (Continues)
For the year ended 1 November 2022
The trustees view our school, medical centres and water wells in the future as important in widening access to the education, health and water the charity provides. The Trustees intend to build on the success of the 2016 programme by extending our links and exchanges with the state and private sectors, national and international and other charity organisations. In developing our plans for this programme we will work closely with partner, ensuring the positive contribution to our shared objectives and aims continues. Maintaining and, where necessary, developing the fabric and facilities of the development are central to our strategy.
Our plans are primarily focused on the completing and getting the boarding school functioning fully.
The completion of the construction of the school project was successfully completed in 2017. Other
surrounding communities and villages of the school will be invited to take part and to use the facilities which will also provide a community facility outside of school hours capable of accommodating an audience of nearly 150 students.
## **OUR FINANCES**
The principal source of income is individual charitable donations accounting for full sum of the charity income. The trustees are continuing their strategy of deploying all net incoming resources to investing in the objectives of the charity purposes and fabric of society cohesion. As a non-profit charity we enjoy tax exemption on our activities and on our income and gains provided these are applied for our charitable aims.
As a Charity we are also entitled to a reduction on our business rates on the property we occupy for our charitable purposes in the UK. The financial benefits we receive from these tax exemptions are all applied for the charity purposes and indirectly help us to maintain and meet our objectives. However, as an educational charity, we are unable to reclaim VAT input tax on our costs as we are exempt for VAT purposes. We do not pay tax as we do not employ any staff and all trustees carry out the work on voluntary base. In the future we aim to in additional the community and society through the education to offer, bursary programme and other teaching programmes to create a social asset without cost to the Exchequer.
The trustees of the charity have responsibility for all financial operations. For ease of administration
the complete revenue and costs are recorded and maintained in a spreadsheet as part of our responsibility. A yearly reconciliation takes place thus ensuring income and expenditure are evenly shared and recorded in the respective accounts.
8
The financial plan aims to break even over the course of the financial year with any profits made by the company gift aided to the charities, or deficits shared, on an equal basis. Reserves and Financial Health
The trustees regularly review the finances, budgets and spend against budget together with a monthly cash flow analysis as part of the effective stewardship of the charity.
The trustees consider that given the strength of the charity’s balance sheet, the stable cash flow from individual donations, the ongoing popularity of our charity, and the available banking facility that can be called upon if need arises. The trustees recognise that the level of reserves fluctuates during periods of funds in the charity and the arrangements with our bank are in place to provide an adequate ‘safety net’ should it be required.
.............................
Chairman
Date: 15 January 2023
Yahya Abdi Ali
9
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
Independent Examiners Report
For the year ended 1 November 2022
I have examined the accounts on pages 11 to 16, which have been prepared on the basis of accruals.
## _Respective responsibilities of trustees and examiner_
The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 144 of the Charities Act 2011 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.
## _Basis of independent examiner’s report_
This report is in respect of an examination carried out under section 145 of the Charities Act 2011 and in accordance with the directions given by the charity commissioners under section 145(5)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.
## _Independent examiner’s statement_
Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the year ended 1 November 2022 have not been in accordance with section 130 of the Charities Act 2011, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 2011. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.
__________________________
United Accountants & Tax Advisors
17 Bellhouse Road
Sheffield S5 6HJ
Date: 16 Oct 2023
10
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## **Statement of Financial Activities**
## **For the year ending 01 November 2022**
|**Notes**
**Incoming Resources**
From charitable activities
2
Investment income
2
**Total Incoming resources**
**Resources expended**
Charitable activities
3
Governance costs
4
**Total Resources Expended**
Net Resources for the year
Fund balances at 02 November 2021
**Fund balances at 01 November 2022**|**General**
**funds**
**£**
1,190
**1,190**
4,360
250
**4,610**
-3,420
8,870
**5,450**|**2022**
**Total**
**£**
**2021**
**Total**
**£**
1,190
1,590
**1,190**
**1,590**
4,360
4,630
250
370
**4,610**
**5,000**
-3,420
-3,410
8,870
12,280
**5,450**
**8,870**|
|---|---|---|
11
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## **Balance Sheet**
## **For the year ending 01 November 2022**
|**Notes**
**Fixed assets**
Tangible assets
**Current assets:**
Prepayment
Cash at bank and in hand
**Creditors:**amounts falling
due with one year
**Net current assets**
**Total Assets less current liabilities**
**Funds of the charity:**
Balance for the year
Balance brought forward|**2022**
**£**
**£**
5,700
5,700
250
5,450
**5,450**
**5,450**
-3,420
8,870
**5,450**|**2021**
**£**
**£**
9,240
9,240
370
8,870|**2021**
**£**
**£**
9,240
9,240
370
8,870|
|---|---|---|---|
||||**8,870**|
||||**8,870**
-3,410
12,280|
||||**8,870**|
For the financial year ended 1 November 2022, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.
The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
The financial statements on pages 6 to 11 were approved by the board and signed on their behalf by:
………………………………..
Date: 15 January 2023
Dualeh Adan Farah - Treasurer
12
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
Notes to the Accounts
For the year ending 1 November 2022
## **1 Accounting Policies**
## _1.1 Basis of accounting_
The financial statements have been prepared under the historical cost convention,
and have been prepared in accordance with the Statement of Recommended Practice,
Accounting and Reporting by Charities (Revised SORP 2005) and the Financial
Reporting Standard for Smaller Entities.
## _1.2 Incoming Resources_
Grants and donations are recognised on accruals basis.
Incoming resources are reported gross.
## _1.3 Resources Expended_
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
## _1.4 Depreciation_
Tangible fixed assets are stated at cost less depreciation.
Provision for depreciation of tangible fixed assets held by the charity is made at an annual
rate of 25% on reducing balance method.
13
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## **Notes to the accounts**
## **For the year ending 01 November 2022**
## **2. Grants and Donations**
|**Donations and Contributions**
**2. Investment Income**
**Interest Received**
**Total Incoming Resources**|**General**
**funds £**
-
-
1,190
-
-
-
-
-
-
**1,190**
**General**
**funds £**
-
**1,190**|**2022**
**Total**
**£**
-
-
1,190
-
-
-
-
-
-
**1,190**
**2022**
**Total**
**£**
-
**1,190**|**2021**
**Total**
**£**
-
-
1,590
-
-
-
-
-
-|
|---|---|---|---|
||||**1,590**|
||||**2021**
**Total**
**£**|
||||-|
|||||
||||**1,590**|
14
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## **Notes to the accounts**
## **For the year ending 01 November 2022**
## **3a. Direct Charitable Expenditure**
|Biyoxidho-School Project
Rental & Insurance
Stationary & Printing
Light, Heat and Water
Telephone & Internet
Miscellaneous Expenses
**3b. Support Costs**
Insurance
Repairs
General Administration
Depreciation
**Total Charitable Activities**
**4. Governance**
Audit & Accountancy
Legal & Professional
**Total Resources Expended**|**Outgoing**
**Expenditure**
**£**
4,360
-
-
-
-
-
**4,360**
**Outgoing**
**Expenditure**
**£**
-
-
-
-
**-**
**-**
**Outgoing**
**Expenditure**
**£**
250
-
-
-
-
**250**
**4,610**|**2022**
**Total**
**£**
4,360
-
-
-
-
-
**4,360**
**2022**
**Total**
**£**
-
-
-
-
**-**
**-**
**2022**
**Total**
**£**
250
-
-
-
-
**250**
**4,610**|**2021**
**Total**
**£**
4,630
-
-
-
-
-|
|---|---|---|---|
||||**4,630**|
||||**2021**
**Total**
**£**
-
-
-
-|
||||**-**|
|||||
||||**-**|
||||**2021**
**Total**
**£**
370
-
-
-
-|
||||**370**|
|||||
||||**5,000**|
15
## **GURYOSAMO INTERNATIONAL FOUNDATION TRUST**
## **Notes to the accounts**
## **For the year ending 01 November 2022**
## **5 Paid Employees**
|**5.1 Staff**
Gross wages, salaries and benefits in kind
Employers National Insurancee Costs
**5.2 Number of employees**
Average monthly number of employees during the year
**Charitable activities**
**6. Tangible Fixed Assets**
**Cost**
At 02 November 2021
Additions
**At 01 November 2022**
**Depreciation**
At 02 November 2021
Charged in the year
Net Book Value
01-Nov-22
**7. Current Assets**
Prepayments
**8. Creditors - Amounts falling due within one year**
Accruals - Accountancy fee for 2021 - 22|**2022**
**Total**
**£**
-
-
**-**
**2022**
-
**-**
**Office**
**Equipment**
**£**
-
-
**-**
-
-
-
-
**2022**
**£**
**-**
**2022**
**£**
**250**|**2021**
**Total**
**£**
-
-|
|---|---|---|
|||**-**|
|||**2021**
-|
|||**-**|
|||**Total**
**£**|
|||**-**|
|||-
-|
||||
|||-|
||||
|||-|
|||**2021**
**£**|
|||**-**|
|||**2021**
**£**|
|||**370**|
16