ISLINGTON SOMALI WELFARE LTD
Accounts & Reports
For the year ended 30 September 2022
## ISLINGTON SOMALI WELFARE LTD
## Contents
For the year ended 30 September 2022
||Page|
|---|---|
|Legal and administrative information|1|
|Trustees’ report|2-3|
|Independent examiner’s report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the accounts|7-10|
## ISLINGTON SOMALI WELFARE LTD
Legal and Administrative Information
For the year ended 30 September 2022
Status: The organisation is a charity and a company limited by guarantee registered in England & Wales. Charity Number: 1168023 Company Number: 09758584 Registered Office & Business Address: 174 Seven Sisters Road London, N7 7PX Trustees Mr Usama Y. Mohamed - Chair/Director Mr Mahamoud M. Kolomey - Member/Director Mr Walid Y. Mohamed - Treasurer/Director Mr Omar A. Mohamed - Member/Director Mr Yusuf Omar - Member
Accountants: Issa Associates Certified Accountants and Tax Consultants Suite 116, Cumberland House 80 Scrubs Lane London, NW10 6RF
1
## ISLINGTON SOMALI WELFARE LTD
Trustees’ Report
For the year ended 30 September 2022
## _Objective_
The objective of Islington Somali Welfare Ltd is to:
- To advance education in particular but not exclusively by providing adult education clubs and classes (ESOL) including the provision of private tuition for those in need of basic English lessons
- The relief of those in need, hardship or distress in particular but not exclusively by providing advice, guidance, support and counselling in areas including formfilling, translation services, housing and employment
- To promote racial and/or religious harmony for public benefit by promoting knowledge and mutual understanding and respect between all communities
- To undertake any other charitable activities as determined by the trustees.
## _Legal structure_
Islington Somali Welfare Ltd is a company limited by guarantee and a registered charity with the Charities Commission in England & Wales.
## _Financial statements_
The trustees submit their trustees’ report and financial statements for the year ended 30 September 2022.
## _Policies:_
## _Reserve policy:_
The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
## _Risk(s) review:_
The trustees have recently reviewed the major risks faced by the charity. This has resulted in efforts to raise unrestricted funds and increase charity’s donor base.
## _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 Companies Act 2006.
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.
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the Memorandum and Articles of Association.
_2_
## SLINGTON SOMALI WELFARE LTD
Trustees’ Report (continued)
For the year ended 30 September 2022
## _Activities and Achievements_
The charity is managed by 5 elected trustee members, and is staffed by 6 volunteers.
The core of the charity’s work is to provide advice education and training to local community members particularly those of Somali origin along with the elderly who are of disadvantaged background in the local Islington area.
## _Funding_
The charity operates on funds provided by service and centre users which made possible the initiation and continuation of this service to break many barriers for local people particularly those of ethnic minority background.
This report was approved by the board and signed on its behalf by:
Chair Usama Mohamed
Date: 22 June 2026
_3_
## SLINGTON SOMALI WELFARE LTD
Independent Examiners Report
For the year ended 30 September 2022
I have examined the accounts on pages 5 to 6 which have been prepared on accruals basis.
## _Respective responsibilities of trustees and examiner_
The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 43 of the 1993 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
- to state whether particular matters have come to my attention.
## _**Basis of independent examiner’s report**_
My examination was carried out in accordance with the 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 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 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 with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 1993 Act, have not been met;
------------------------------------------
Date: 22 June 2026
Issa Associates Certified Accountants and Tax Consultants Suite 116, Cumberland House 80 Scrubs Lane London NW10 6RF
4
## **ISLINGTON SOMALI WELFARE**
## **Statement of Financial Activities**
## **For the year ending 30 September 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**
Less Adjustment
Net resources for the year
Fund balances at 30 September 2021
**Fund balances at 30 September 2022**|**Unrestricted**
**funds**
**£**
-
-
**-**
-
-
**-**
-
-
**-**|**Restricted**
**funds**
**£**
37,920
-
**37,920**
37,356
313
**37,669**
251
1,453
**1,704 **|**2022**
**2021**
**Total**
**Total**
**£**
**£**
37,920
36,800
-
-
**37,920**
**36,800**
37,356
36,081
313
313
**37,669**
**36,394**
251
406
1,453
1,047
**1,704 **
**1,453**|
|---|---|---|---|
5
## **ISLINGTON SOMALI WELFARE**
## **Balance Sheet**
## **For the year ending 30 September 2022**
|Notes
**_Fixed assets_**
Tangible assets
5
**_Current Assets:_**
Cash at bank and in hand
**_Creditors:_**_amounts falling_
due within one year
6
**_Net Current Assets_**
**_Total Assets less current liabilities_**
**_Funds of the charity:_**
Funds balance at 30-09-2022|£
£
£
£
-
-
2,004
1,753
2,004
1,753
(300)
(300)
1,704
1,453
1,704
1,453
1,704
1,453
1,704
1,453
2022
2021|
|---|---|
|||
For the financial year 30 September 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 directors 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 1 to 6 were approved by the board and signed on their behalf by:
**………………………………..**
Date: 22 June 2026
Usama Y. Mohamed Chair
6
## **ISLINGTON SOMALI WELFARE**
## **Notes to the Accounts**
## **For the year ending 30 September 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 2015) 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 straight line basis.
7
## **ISLINGTON SOMALI WELFARE**
## **Notes to the Accounts**
## **For the year ended 30 September 2022**
## **2. Grants and Donations**
|Donations from members
Other charity income
**2. Investment Income**
Interest receivable
Total Incoming Resources|Unrestricted
Funds
£
-
Unrestricted
Funds
£
-
-|Restricted
Funds
£
37,920
-
37,920
Restricted
Funds
£
-
37,920|2022
Total
2021
Total
£
£
37,920
36,800
-
-
37,920
36,800
2022
Total
2021
Total
£
£
-
-
37,920
36,800|
|---|---|---|---|
8
## **ISLINGTON SOMALI WELFARE**
## **Notes to the Accounts**
## **For the year ending 30 September 2022**
## **3a. Direct Charitable Expenditure**
|Notes
Unrestricted
Funds
£
Rent & rates
6
-
Wages & salaries
-
Light & heat
-
Repairs & maintenance
-
-
**3b. Support Costs**
Unrestricted
Funds
£
Postage & stationery
-
-
-
-
Total Charitable Activities
-
**4. Governance**
Unrestricted
Funds
£
-
-
Total Resources Expended
-
Legal and Professional
Insurance
Telephone and internet|Restricted
Funds
£
30,087
3,000
1,706
871
35,664
Restricted
Funds
£
18
531
1,143
1,692
37,356
Restricted
Funds
£
313
313
37,669|2022
Total
2021
Total
£
£
30,087
29,476
3,000
3,000
1,706
1,514
871
428
35,664
34,418
2022
Total
2021
Total
£
£
18
13
531
507
1,143
1,143
1,692
1,663
37,356
36,081
2022
Total
2021
Total
£
£
313
313
313
313
37,669
36,394|
|---|---|---|
9
## **ISLINGTON SOMALI WELFARE**
## **Notes to the Accounts**
## **For the year ending 30 September 2022**
|**5**|**Tangible Fixed Assets**|||
|---|---|---|---|
|||**Office**|**Total**|
|||**Equipment**||
|||**£**|**£**|
||**Cost**|||
||At 1 October 2021|230|230|
||Additions|-|-|
||At 30 September 2022|230|230|
||**Depreciation**|||
||At 1 October 2021|230|230|
||Charged in the Year|-|-|
||||-|
||At 30 September 2022|230|230|
||**Net Book Value**|||
||At 30 September 2022|-|-|
|||||
||At 30 September 2021|-|-|
|**6**|**Creditors – Amounts falling due within one year**|2022|2021|
|||£|£|
||Other Creditors|300|300|
|||300|300|
10