EDAN ADAN FOUNDATION
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
CHARITY NUMBER: 1169725
EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
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FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020
| CONTENTS | PAGE |
|---|---|
| Trustees annual report | 3 |
| Independent examiner’s report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Note to the financial statements | 8 - 10 |
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
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EAF BOARD OF TRUSTEES
Dr Laura Hammond - Chair
Rhoda Ibrahim - Secretary Mary Harper - Treasurer Ayan Mohamoud Sarah Winfield Ian Fenwick
REGISTERED OFFICE
Moran House 449-451 High Road London NW10 2JJ
BANKERS
NATWEST BANK
INDEPENDENT EXAMINER
Md. Iqbal Hossain BSc, MBA, ACCA BK COMMUNITY ACCOUNTANT LTD ARCH 420 – 421 BURDETT ROAD LONDON, E3 4AA www.bkcommunityaccountant.com
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
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Report of the trustees for the year ended 31 December 2020
The Trustees present their annual report and financial statements for the year ended 31st December 2020 and the organisation were entitled to exemption from audit under the section 477 of the Companies Act 2006.
PRINCIPAL ACTIVITIES:
Edna Adan Foundation was to advance health and education in Somaliland by supporting the work of the Edna Adan Hospital and University.
REVIEW OF ACTIVITIES FOR 2020
Edna Adan Foundation has the following goals -
-Fund raising-individual/grant applications including trusts and corporate bodies
-Operational goals: mailing list, database, websites, and accounts.
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Advocacy and awareness on health and education on COVID19
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Recruiting trustees and volunteers – 2 more trustees were added this year. Ayan M Ashur MBE and Mr Ian Fenwick. Miss Farah Aden has also been recruited as a volunteer.
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Fundraising continues through JustGiving page and through InterHealth
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2 Shipments of PPE equipment including procurement, packaging, and shipment to Edan Adan Hospital in Hargeisa.
Trustees:
Dr Laura Hammond - Chair
Rhoda Ibrahim – Secretary
Mary Harper – Treasure
Sarah Winfield
Ayan Mohamoud
Ian Fenwick
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
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Miss Farah Adan – Volunteers
Miss Nimo Hussein – Volunteers
Miss Deqa Hussein - Volunteer
Sign:
Name: Rhoda Ibrahim
Position: Secretary
Date: 22/10/2021
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EDAN ADAN FOUNDATION
CHARITY REGISTRATION NUMBER: 1169725
__________________ Independent Examiner's Report to the Trustees of the Edan Adan Foundation
I report on the accounts of the charity for the year ended 31 December 2020 which are set out on pages 6 to 10.
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 144(2) of the Charities Act (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
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to state whether matters have come to my attention
BASIS OF INDEPENDENT EXAMINER’S STATEMENT
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 I do not express an audit opinion on whether the accounts present a ‘true and fair view’.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirement to ensure that:
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to keep accounting records in accordance with section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or
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(2) To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached
Md. Iqbal Hossain BSc, MBA, ACCA Date: 22/10/2021 BK COMMUNITY ACCOUNTANT LTD ARCHES 420 – 421BURDETT ROAD LONDON, E3 4AA www.bkcommunityaccountant.com
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EDAN ADAN FOUNDATION
CHARITY REGISTRATION NUMBER: 1169725
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STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2020
| Incoming Resources |
Not e |
Unrestrict ed Funds |
Restrict ed |
TOTAL Funds 2020 |
Unrestrict ed Funds |
Restricte d Funds |
TOTAL Funds 2019 |
|---|---|---|---|---|---|---|---|
| Donation and Legacies |
2 | 1,185 | - | 1,185 | 505 | - | 505 |
| Charitable activities |
3 | 16,102 | 8,696 | 24,798 | 10,580 | - | 10,580 |
| Other activities | - | - | - | - | - | - | |
| Investments – bank Interest |
- | - | - | - | - | - | |
| Total Income | 17,287 ---------- |
8,696 --------- |
25,983 --------- |
11,085 ---------- |
- ---------- |
11,085 ---------- |
|
| Expenditure: | 4 | ||||||
| Fundraising | - | - | - | - | - | - | |
| Charitable activities |
25,467 | 8,696 | 34,163 | 2,662 | - | 2,662 | |
| Total expenditure | 25,467 ---------- |
8,696 --------- |
34,163 ---------- |
2,662 --------- |
- | 2,662 --------- |
|
| Net movement in funds |
(8,180) | - | (8,180) | 8,423 | - | 8,423 | |
| Reconciliation of fund: |
|||||||
| Total funds brought forward |
29,638 | - | 29,638 | 21,215 | - | 21,215 | |
| Total funds carried forward |
21,458 ======= |
- ====== |
21,458 ====== |
29,638 ======= |
- ====== |
29,638 ====== |
The Statement of financial activities includes all gains and losses in the year. All the above amounts relate to continuing activities.
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EDAN ADAN FOUNDATION
CHARITY REGISTRATION NUMBER: 1169725
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BALANCE SHEET AS AT 31 DECEMBER 2020
| Note FIXED ASSETS Tangible Assets 5 CURRENT ASSETS Other debtors and prepayments Cash at bank and in hand Total Current Assets CREDITORS: Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS OF CHARITY Restricted Funds Unrestricted Funds Total Funds |
2020 £ 3,966 - 18,072 |
2019 £ 4,958 - 25,159 |
|
|---|---|---|---|
| 18,072 | 25,159 | ||
| (580) 17,492 --------- 21,458 ======= - 21,458 21,458 ======= |
(479) 24,680 --------- 29,638 ======= - 29,638 29,638 ======= |
The financial statements have been prepared in accordance with the Financial Reporting Standard for smaller entities (effective January 2015).
Signed as approved by the Trustees on 22[nd ] of October 2021
Rhoda Ibrahim Secretary
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020
1. BASIS OF PREPARATION AND ACCOUNTING POLICIES
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(a) The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2006, the Statement of Recommended Practice (SORP), Accounting and Reporting by Charities , published in March 2015 and applicable accounting standards.
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(b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
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(c) Grants, including grants for the purchase of fixed assets where applicable, are recognised in full in the Statement of Financial Activities in the year in which they are receivable which means that funding received in advance of expenditure that will be incurred in a future period is deferred to that future period.
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(d) Incoming resources from investments is included when receivable.
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(e) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT that cannot be recovered.
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(f) All expenditure is allocated to support costs on the basis that there was minimal activity in the year and no direct charitable expenditure. This represents a change from prior periods, when costs not incurred directly on charitable activities were allocated between charitable activities and support costs based on the amount of staff time spent on non-specific or administrative work.
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(g) Governance costs include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
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(h) Restricted income funds are to be used for specific purposes as laid down by the donor.
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(i) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
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(j) Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value over each asset’s expected useful life, as follows: -
Computer and office equipment
20% reducing balance
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EDAN ADAN FOUNDATION
CHARITY REGISTRATION NUMBER: 1169725
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2. Income from donations and legacies
| Grants, donations and legacies: |
Unrestricted Funds | Restricted Funds | 2020 | 2019 |
|---|---|---|---|---|
| £ | £ | £ | £ 505 505 ======= |
|
| Donations | 1,185 | - | 1,185 | |
| TOTALS | 1,185 ====== |
- ======= |
1,185 ======= |
3. Income from charitable activities
| . | Un- restricted |
Restricted | 2020 | 2019 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Edna Adan Foundation(Just Giving) | 16,102 | - | 16,102 | 6,140 | |
| Inter Health | - | 8696 | 8,696 | 4,440 | |
| Total Income from charitable activities |
16,102 ======== |
8,696 ======= |
24,798 ======== |
10,580 ======= |
4. Analysis of Expenditure
| Direct Charitable expenditure |
Governanc e costs |
Support | Total 2020 | Total 2019 | |
|---|---|---|---|---|---|
costs |
|||||
| £ | £ | £ | £ | £ | |
| Project Costs | 32,154 | - | - | 32,154 | 216 |
| Administration Costs | 667 | - | - | 667 | 543 |
| Professional & IE Cost | - | 350 | - | 350 | 250 |
| Depreciation | 992 | - | - | 992 | 1,653 |
| Sub - Total | 33,813 ----------- - |
350 ----------- -- |
- --------- |
34,163 ---------- |
2,662 --------- |
| Governance Costs | 350 | (350) | - | - | - |
| Support Costs | - | - | - | - | - |
| Total Expenses | 34,163 ====== |
- ===== |
- | 34,163 | 2,662 ====== |
| ====== | ====== |
The total expenditure (2020), £25,467 was unrestricted and £8,696 was restricted.
No trustee received any remuneration or other payment including reimbursement of expenses during the year (2020: no trustee remuneration or other payment including reimbursement of expenses).
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EDAN ADAN FOUNDATION
CHARITY REGISTRATION NUMBER: 1169725
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5. Fixed Assets
| 5. Fixed Assets | ||
|---|---|---|
| Computer Equipment | Total | |
| £ | £ | |
| Cost | ||
| At 1 January 2020 | 6,611 | 6,611 |
| Additions | - | - |
| Disposals | - | - |
| At 31 December 2020 | 6,611 | 6,611 |
| Depreciation | ||
| At 1st January 2020 | 1,653 | 1,653 |
| Disposals | - | - |
| Charge thisperiod | 992 | 992 |
| At 31 December 2020 | 2,645 | 2,645 |
| Net book value | ||
| At 31st December 2020 | 3,966 | 3,966 |
| At 31st December 2019 | 4,958 | 4,958 |
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Other creditors and accruals | 580 | 479 |
7. CONTROL
The charity is controlled by the Board of Trustees.
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