Report of the TTustees And Unaudited FilncIal Szatemsts Ffx The year ended 21 April 2024 ISRAAC SOMAU COMMUNITY AssoaATION
ISRAACSOMALI commuNy ASSOCIATION Contents of the Financial Ststemeftts forthe Year Ended 21 April 2024 Page Report ofthe Trustees lfidependent Examifierf5 Report Statement of Financial Activities Balaftce Sheet Notes to the Fin3ncial Ststernents Sto6 Detsiled Stateff*nt of Financial Artivities
ISRAAC SQMALI COMMUNITY ASSOCIATION Report of the Trustees for the Year Ended 21 April 2024 The trustees who are also directors UF the durity for the purposes Of the Companies Att 2r, present their pOrt with the financial statements of the charity for the year ended 21 April 2024. The trustees have adopted the provisions of the Statement of Recommended Prathce ISORPI 'Accourrttn8 and Reporttng by Chartties, issued in March 2GM)S. Chartty Number ICIO) I1728 Registered oFfi¢e S4 Cemetery Road Sheffield SII 8FP United Kin8dom Mr Adam Yusuf Mr Abdilfatah Sahal Mromar Barud Mr Ahmed Mphamoud Ms Faiza Hassan Prof. Geoff Green Independent ExamSner Egernole & Co A¢¢ountsnts 29 Mansfield Road Sheffield S12 2AE Goveming Document The Charity is wntrolw by Trts governi do¢urnent. a deed or tnisLC]O and ctituteS a limiled company, limited by 8uarantee. as defined by the Companies Act 2006. Rlsk managettt The trustees have a duty to identify and review the risks of which the charity is exposed and to ensure appropriate Controls are in place to provide reasonable assurance against frnud and error. ON BEHALF O THE BOARD Trustee.. ..Date....... Page I
Independent E¥aminer's Report to the Trusteesof 15RAAC SOMALI COMMUNITh ASSOCIATION l report on the accounts for the year ended 21 April 2024 set out on p3ges three to six. The charitys trustees (who are alxt dirertors for the purposes of the company lawl a responsible for the preparation of the attounts. The chanws trustees tonssder that an audit Ès not required for this year (under settion 43121 of the Charities Art 1993lthe 1993 Attll and thatan independent examination rs required. Having satisfled my5eif thai the charity is not subject to audit under cornpany law and is ellgible for Independent examination. It is my responsibility to: examine the accounts under Section 43 ofthe 1993 Att to follow the pro¢edures13id down under the Gentral Dirertionsgiven by the Charity Commission (under Sectlon 4317llbl of the Act).. and to state whether partiwlar rnatters have come to my attention. Basis of the independent examinerfs report My examination was carried OLrt in a¢¢ordance with the General Directions given by the Charsty Commission. An examination includes a review of the accounting records kept by the chartty and a comparison of the accounts presented with those records. It a150 indudes report Is limited to those matters set out in the statements below.matters. The procedures undertaken do not provide all the evidence that would be Tequired in an audit. consideration of any unusual items or disclosures in the accounts, and seeking explanations from you 35 trustees oncerning any such and consequently no opinii)n IS 8Nen as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the ststemeftts below. Independent examlner's statement In ¢onne¢tion with my examination. no matter has come to my attention: 11 which gives me reasonable cause to believe that, in any material respect. the requirèments to keep accountin8 records In accordwKe with Sertion 386 and 387 of the Q)mpanie5 Act 2C¥)6: and io prepare accounts which accord with the accountin8 records, comply with the accountin8 requirements of Sect(on 394 and 395 af the Companie5 kt 2C#)6 and with the method5 and principle5 of the Ststement of Recommended Practice: Accounting and Reportins by tharities have not been mel or 21 tc> which. in my opinion. attention should be drawn in orderto enable a proper understandin8 of the accounts to be reached. Egemole & Co A¢counta 29 Mansfield Road Sheffield S12 2AE Pa8e 2
ISRAAC SOMALI COMMUNITY ASSOCtATION Ststement of Financial Activities for the Year Ended 21 April 2024 unTeSrted Funds Restricted Funds Total Funds 2024 Totsl Funds 2023 INCOMING RESOURCES Incoming resources from generated funds Booking5 and Sale5 Grdnts Donations Sheffiella City Council Grant lo¢kdown Contlrbutions 30,689 369,041 39,502 334,920 369.041 5.860 30,689 369,041 399.730 380.282 RÉSOURCES EXPENDED Governance Costs Attivities Runing C05t Repairs and Maintenan¢e 155,707 42,866 41,653 8.367 248,593 120.448 155,707 42.866 61,212 8,367 268,152 131,578 IC6,478 32,349 71,668 9.869 220,364 159.918 19.559 19,559 11.130 NET INCOMING RESOURCES Totsl funds brought forward 195.076 229,761 424.837 264,919 TOTAL FUNDS CARRIED FORWARD 206.206 350.209 556,41S 424,837 These notesforrn partofthese fiftaThtial *teffents Page 3
ISRAAC SOMALI COMMUNrrY ASsoCON Balance Sheet for the Year Ended 21 April 2Q24 Unrestricted Funds Restrirted Funds Totsl Funds 2024 Total Funds 2023 Notes FIXED ASSETS Land & Building CURRENT ASSETS Cash at 8ank TOTAL AssErs 129.930 129,930 129,930 78,076 208.006 350.209 350,209 428.285 558.215 296,407 426.337 CURRENT LIA81LITIES Acuuals Amounts fallln8 after one year 1,800 1,500 TOTAL CURENT UA81LITIES i.schj 1.800 1,5tXI TOTAL ASSETS LESS CURENT UABILITIES 206,206 350,209 556,415 424,837 FUNDS Balance b/fvvd Surplus TOTAL FUNDS 195.076 11.130 206.206 229,761 120,448 350,209 424.837 131,578 556,415 264,919 159,918 424,837 The charitable company is entitled to exemption from audit undèr section 477 of the Companies Act 2006 for the year ended 21 April 2024. The members have not required the charitable company to obtain an audit of its tinanual statements for the year ended 21 April 2024 in a¢¢ordance wSth Section 476 of the Companles Act 2CQ6. The twrtees acknowledge their nsibIlItIeS for lal ensurin8 that the charitable company keeps a¢¢ountin8 records that cornply with Sections 386 and 387 of the Companies Art 2006 and Ibl preparing financial statements which give a true and fair view of the state of affr41rs of the charirable company a5 at the end of each financial year and its surplus or deficit for each financial year in accordan WTth the requirements of SertiC*n 394 and 39S and which otherw15e comply with the requlrements of the Companies Act 20D6 reiatlng to financial 5tstements, 50 far as applicable to the charitable These financial statements have been prepared in accordance with the special promsions of Part IS of the Companies Act 2006 relating to small charitable companSes and with the Financial Reporting Standard forsmallef Entities leffective April 2W81. These financial statements were approved by the Board Of Trustees on and were signed on its behalf by: Tnjstee These notes fom part ofthese finanaal s Pa8e 4 ments
ISRAAC SOMALI COMMUNETY ASSOCIATION Notes to the Financial Statements forthe Year Ended 21 April 2024 I. ACCOUNTING pouaES countlng convention The financial statements have been prepared under the historical cort convention. and in accordance with the Financial Reporting Standard for Smaller Entities leffective April 20081, the Companies Act 2006 and the requirements OF the Statement of Recommended Practice. Accountin8 and Reporting by Charities. Incomlng r*sources All incoming resources are included on the Ststement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified wlth reasonable accurary. Resource5 expended Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all cost lated cotegory. Where Costs cannot be dirertjy attributed to particular headings they have been allocated to activities on a basis consistent Wtth the use of sources. TaxattoTh Tho charity is exempt from corporation tsx on its charÉtsble activities. Fund ac¢ounting Unrestricted fund5 can be Led in accordan with the charitable objettives at the discretion of the trustee5. Restricted funds can only be used for partlcular restrirted purposes within the objert5 of the crity. Restrlctions arise when specified by the donor or when funds are raised for parti¢ular restricted purposes. Further explanation of the nature and purpose ot each fund is in¢luded in the Notes to the financial statements. Land and Building Land and building are at Cost and have not been depreciated because their market value exceeds the book value and the cost of valuatuion would be out ot proportion to any benefiL 2.TRusfEES' REMUNERATION AND BENEFITS There were no trustees. remuneratlon or other benefits for the year eftded 21 April 2024. 3.CREDITORS: AMouKf FALUNG DUE wfThiiN ONE YEAR Accruals Accountsncyfee 1.800 Page 5
ISRAAC SOMAIL COMMUNtrY ASSOCIATION Notes to the Financlal Statements- continued for the Year Ended 21 April 2024 Net movemènt in fund5, included in the above are as follows: MOVEMENT IN FUNDS 8alènce 2210412023 Restricted funds Incoming rex)urce5 Resources Balance expended 2110412024 SCC Family Hub ShefField City Council Yorkshire Sports Foundation ESC University of Sheffield VAS South Yorkshire Community Foundal NHS CCG Tudor trust Sharrow Community Cadent Ga5 Reachin8 Communities Plan UK Yorkshire Sports Foundation TOTAL FUNDS 20,000 6,220 33,920 7,780 20,144 6,115 12,420 17,220 33,156 13,237 51,345 40,151 13.780 18,163 30.083 7.780 10,616 1,8 27,228 17.700 3.685 12.420 17.220 48,960 53.650 13.237 118,697 91,209 2,600 69.454 64.507 44.SiQ 131,859 95,568 4.285 229,761 4.285 248,593 369.041 350,209 MOVEMEKf IN FUNDS continued Net movement in fvnds At 22.04.23 At 21.04.24 424,837 424.837 131,578 131,578 556,415 S56,415 Page 6
ISRAAC SOMALI COMMUNITY ASSOUATION Detriled Statement of Finan¢ial Activities forthe Year Ended 21 April 2024 INCOMING RESOUR 2024 2023 Inthme 30,689 369,041 399,730 380,282 Totsl incomln8 SOurceS 30,689 369,041 399,730 380.282 RESOURCES EXPENDED Telephonelmob41e Arcountan¢y Artivities and Event5 aeanin8 Insurance Solaries & St8ff expen5e$ Tutor fees and Training Water & Business Rates Volunteer expenses Ught & heat Repair & Maintenan Ststlonery and Postage Office Eqtsipmenv 1,089 1.089 1,800 41,681 5,212 1,433 155,707 39.738 1,605 1,185 9,302 8.367 1.033 l.(M)3 i.S¢)O 32.349 4.522 955 106,478 48,701 683 1,042 12,372 9,869 560 330 1,800 41,681 5,212 1.433 155,707 21,979 1,605 1,185 9.302 8.367 1.033 17.759 Total Resour Expended 19,559 248.593 268.152 220,364 NEf INCOME 11.130 120.448 131,578 159,918 This PJ8e does not form parr of the statutory financial ststement5 Page 7