EDAN ADAN FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY NUMBER: 1169725
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
| CONTENTS | PAGE |
|---|---|
| Trustees Annual Report | 4 |
| Independent Examiner’s report to the Trustees | 5-6 |
| Statements of Financial Activities | 7 |
| Balance Sheet | 8 |
| Note to the Financial Statements | 9-12 |
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
EAF BOARD OF TRUSTEES
Dr Laura Hammond – Chair Rhoda Ibrahim – Treasurer Miss Farah Aden – Secretary Mary Harper – Member Ayan Mohamoud – Member
REGISTERED OFFICE
Moran House 449 – 451 High Road London NW10 2JJ
Bankers NATWEST BANK
Independent examiner
Iqbal Hossain MBA, FCCA BK Community Accountant Ltd 420- 421 Arches London. E3 4AA
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EDAN ADAN FOUNDATION CHARITY REGISTRATION NUMBER: 1169725
Report of the Trustees for the year ended 31 December 2024
The trustees present their annual report and financial statements for the year ended 31[st] December 2024 and the organisation were entitled to exemption from audit under the section 477 of the Company Act 2006.
PRINCIPAL ACTIVITIED:
Edna Adan Foundation was to advance health, education and digital technology in Somaliland by supporting the work of the Edna Hospital and University.
REVIEW OF ACTIVITIES FOR 2024 EDNA ADAN FOUNDATION HAS THE FOLLOWING ACTIVITIES:
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Purchased different surgical equipment for the Hospital Theatre. It has been installed and working beautifully. Your assistance is very much appreciated.
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We have paid the website construction in full
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Advocacy and awareness on women and girls’ health and education.
Trustees:
Dr Laura Hammond – Chair Rhoda Ibrahim – Treasurer Miss Farah Aden – Secretary Mary Harper – Member Ayan Mohamoud – Member
Signed on behalf of Management committee by:
Signed: --------------------------------------- Date: 23/09/2025
Printed name: Rhoda Ibrahim Position: Treasurer
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Independent examiner’s report to the trustees of Edan Adan Foundation For the year ended 31 December 2024
I report on the accounts of the company for the period ended 31 December 2024, which are set out on pages 6 to 10.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, 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
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general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my
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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 other matter except that referred to in the above paragraphs, has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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.
Md Iqbal Hossain, FCCA B K Community Accountant 420-421 Arches London E3 4AA Date: 23 September 2025
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EDAN ADAN FOUNDATION
Statement of Financial Activities
(Including income and expenditure account) 31 December 2024
| EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
EDAN ADAN FOUNDATION Statement of Financial Activities (Including income and expenditure account) 31 December 2024 |
|---|---|---|---|---|---|---|---|---|
| Incoming Resources | Note | Unrestricted Funds |
Restricted | TOTAL Funds 2024 |
Unrestricted Funds |
Restricted Funds |
TOTAL Funds 2023 |
|
| Donation and Legacies |
2 | 5,874 | - | 5,874 | 21,620 | - | 21,620 | |
| Investment Income | 3 | - | - | - | - | - | - | |
| Total Income | 5,874 ======= |
- ====== |
5,874 ====== |
21,620 ===== |
- ====== |
21,620 ====== |
||
| Expenditure on: | 4 | |||||||
| Charitable activities | 10,664 | - | 10,664 | 4,393 | - | 4,393 | ||
| Governance Costs | 250 | - | 250 | 450 | - | 450 | ||
| Total expenditure | 10,914 ======= |
- ===== |
10,914 ====== |
4,843 ===== |
- ===== |
4,843 ====== |
||
| Net Income & net movement in funds |
(5,040) | (5,040) | 16,777 | - | 16,777 | |||
| Reconciliation of fund: |
||||||||
| Total funds brought forward |
48,271 | - | 48,271 | 31,494 | - | 31,494 | ||
| Total funds carried forward |
43,231 ======= |
- ====== |
43,231 ====== |
48,271 ===== |
- ====== |
48,271 ====== |
TOTAL RECOGNISED GAINS AND LOSSES
The Charity has no recognised gains or losses other than the net movement in funds for the above period.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 9 to 12 form part of these accounts.
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| EDAN ADAN FOUNDATION BALANCE SHEET |
EDAN ADAN FOUNDATION BALANCE SHEET |
EDAN ADAN FOUNDATION BALANCE SHEET |
|||
|---|---|---|---|---|---|
| AS AT 31 DECEMBER 2024 | |||||
| FIXED ASSETS | Note | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Office Equipment | 10 | - | - | 1,794 | 2,242 |
| **Debtors ** | 11 | - | - | - | - |
| Cash at Bank | 42,666 | - | - | 47,208 | |
| Total Current Assets | - | 42,666 | - | 47,208 | |
| Creditors and Accruals | 12 | - | (1,229) | - | (1,179) |
| Net Current Assets | 41,437 | 46,029 | |||
| Net Assets | 43,231 ===== |
48,271 ===== |
|||
| Unrestricted Funds | - | 43,231 | - | 48,271 | |
| Restricted Funds | - | - | - | - | |
| Total Funds | 43,231 ====== |
48,271 ====== |
Exemption from audit
For the year ending 31/12/2024 the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to company’s subject to the small companies’ regime.
These accounts were approved by the Board of Directors and Trustees on 23 September 2025 and were signed on its behalf by:
Signed ---------------------------------------
Printed name: Rhoda Ibrahim
Position: Treasurer
The notes on pages 9 to 12 form part of these accounts.
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EDAN ADAN FOUNDATION Notes to the Accounts For the year ended 31 December 2024
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
1.1 Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the applicable Accounting Standards and the Statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2005 and the Companies Act 1985.
The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is small company.
1.2 Incoming Resources
Income from activities, voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.
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 Going Concern Basis
The financial statements have been prepared on the going concern basis, as in the opinion of the director and trustees, there are no issues arising which would suggest any other basis as being more appropriate.
1.5 Depreciation
Depreciation is provided using the following rates and bases to reduce by annual instalments the cost, less estimated residual value, of tangible assets over the estimated useful lives:
Furniture, Fixtures, Fittings and Equipment - 20% on reducing line basis.
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EDAN ADAN FOUNDATION Notes to the Accounts For the year ended 31 December 2024
2. Income from donations and legacies
| Grants, donations, and legacies: | Unrestricted Funds |
Restricted Funds |
2024 | 2023 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Donation - CMA | - | - | - | 500 |
| Edna Adan Foundation (Just Giving) |
5,874 | - | 5,874 | 5,287 |
| HEER T.I.P Raassen | - | - | - | 3,000 |
| Blandy & Blandy | - | - | - | 10,083 |
| Sillito JR+N | - | - | - | 1,000 |
| CAF | - | - | 1,150 | |
| Other Donation- Hot Kiss | - | - | - | 600 |
| TOTAL Income | 5,874 ========== |
- ========== |
5,874 ======= |
21,620 ======= |
3. Investment Income
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank Interest | - | - |
| **Total ** | - ======== |
- ======== |
4. Expenditure on Charitable Activities by Activity type:
| Charitable activities & Support Cost |
Direct Charitable Expenditure |
Governance Costs |
Supporting Costs |
Total 2023 |
|
|---|---|---|---|---|---|
| Total 2024 | |||||
| £ | £ | £ | £ | £ | |
| Project Costs | 10,000 | - | - | 10,000 | 1,616 |
| Administration Costs | 216 | - | - | 216 | 216 |
| Professional & IE Cost | - | 250 | - | 250 | 450 |
| Website Development | - | - | - | - | 2,000 |
| Depreciation | 448 | - | - | 448 | 561 |
| Sub - Total | 10,664 ----------- |
250 ---------- |
- --------- |
10,914 -------- |
4,843 -------- |
| Governance Costs | 250 | (250) | - | ||
| Support Costs | - | - | - | - | |
| Total | 10,914 ======= |
- ======= |
- ====== |
10,914 | 4,843 ======= |
| ======= |
The total expenditure 2024 was £10,914 unrestricted and £0 was restricted.
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EDAN ADAN FOUNDATION Notes to the Accounts For the year ended 31 December 2024
5. TRUSTEES EXPENSIS
No expenses are paid to Trustees.
No employee earned more than £60,000 during the year (2023: nil).
6. Related party transactions
There are no related party transactions to disclose for 2024 (2023: none) There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
7. Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
8. Fixed Assets
| Computers Equipment | Total | ||
|---|---|---|---|
| £ | £ | ||
| At 1 January 2024 | 6,611 | 6,611 | |
| Additions | - | - | |
| Disposals | - | - | |
| At31 December 2024 | 6,611 | 6,611 | |
| Depreciation: | |||
| At 1 January 2024 | 4,369 | 4,369 | |
| Disposals | - | - | |
| Charge this period | 448 | 448 | |
| At 31 March 2024 | 4,817 | 4,817 | |
| Net Book Value: | |||
| At31 March 2024 | **1,794 ** | **1,794 ** | |
| At 31 March 2023 | 2,242 | 2,242 |
9. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Debtors | 0 | 0 |
10. Creditors
| . Creditors |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Independent examination | 250 | 450 |
| Trading Creditors | 979 | 729 |
| 1,229 ===== |
1,179 ====== |
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EDAN ADAN FOUNDATION Notes to the Accounts For the year ended 31 December 2024
Accruals: Provision for Accountancy fees.
- Benefits in kind
There were no benefits in kind in the period.
• Independent examination and accountancy services
-
During the period, the cost of the examination and accountancy services was £450.
-
Glossary of terms
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. Creditors These are amounts owed by the charity but not paid during the accounting period.
Debtors: These are amounts owed to the charity but not received in the accounting period.
Prepayments: These are services that the charity has paid for in advance but not used during the accounting period.
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