Report of the Trustees And Unaudited Financial Statements For The year ended 21 April 2025 For ISRAAC SOMALI COMMUNITY ASSOCIATION ISRAAC SOMALI COMMUNITY ASSOCIATION Contents of the Financial Statements for the Year Ended 21 April 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 5t06 Detailed Statement of Financial Activities ISRAAC SOMALI COMMUNITY ASSOCIATION Report of the Trustees for the Year Ended 21 April 2025 The trustees who are also dlrectors of the charity for the purposes of the Companies Act 2006, present their report 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 Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2005. Reference and Administrative Details Charlty Number (CIO) 1170028 Registered Office 54 Cemetery Road Sheffield SII 8FP United Kingdom Trustees Mr Adam Yusuf Mr Abdilfatah Sahal Mr Omar Barud Mr Ahmed Mohamoud Ms Faiza Hassan Prof. Geoff Green Independent Examiner Egemole & Co Accountsnts 29 Mansfield Road Sheffield S12 2AE Structure, Governance and Management Governlng Document The charity is controlled by its governing document, a deed or trust,CIO and constitutes a limlted company, limited by guarantee, as defined by the Companies Act 2006. KISk Management The trustees have a duty to Identify and review the risks of which the charity is exposed and to ensure approprlate controls are In place to provide reasonable assurance agalnst fraud and error. ON BEHALF OF THE BOARD Trustee.. .Date.... . Page I Independent Examlner's Report to the Trustees of ISRAAC SOMALI COMMUNITY ASSOCIATION I report on the accounts for the year ended 21 April 2025 set out on pages three to slx. Respertlve responslbllltles of trustees and examlner The charitvs trustees (who are also directors for the purposes of the company law) are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for thls year (under section 43(2) of the Charities Act 1993(the 1993 Act)) and that an Independent examination Is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, It is my responsibillty to: examine the accounts under Section 43 of the 1993 Act to follow the procedures laid down under the General Directions given by the Charity Commission (under Section 43 (7)(b) of the Act); and to state whether particular matters have come to my attention. Basls of the Independent examlner'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 report Is limited to those matters set out in the statements below.matters. The procedures undertaken do not provlde all the evidence that would be required in an audit, consideration of any unusual items or disclosures In the accounts, and seeking explanations from you as trustees concerning any such 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 statements below. Independent examlnerfs statement In connection with my examination, no matter has come to my attention: l) which gNes me reasonable cause to believe that, in any material respect, the requlrements to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Prartice: Accounting and Reporting by Charities have not been met; or 2) to whlch, In my oplnlon, attention should be drawn In order to enable a proper understanding of the accounts to be reached. Egemole & Co Accountsnts 29 Mansfield Road Sheffield S12 2AE ,. IITE oc Lbef £olS- Page 2 ISRAAC SOMALI COMMUNITY ASSOCIATION Statement of Financial Activities for the Year Ended 21 April 2025 Unrestrlcted Funds Restricted Funds Total Funds 2025 Total Funds 2024 INCOMING RESOURCES Incoming resources from generated funds Bookings and Sales Grants Donatlons Bank Interest 19815 19815 353516 743 30689 369041 353516 743 20563 353516 374079 399730 RESOURCES EXPENDED Governance Costs Activities Runing Cost Repairs and Maintenance 283725 34183 33285 54203 405396 -51880 283725 34183 34445 54203 406556 -32477 155707 42866 61212 8367 268152 131578 1160 1160 19403 NEf INCOMING RESOURCES Totsl funds brought forward 206206 350209 556415 424837 TOTAL FUNDS CARRIED FORWARD 225609 298329 523938 556415 These notes form part of these financial statements Page 3 ISRAAC SOMALI COMMUNITY ASSOCIATION Balance Sheet for the Year Ended 21 April 2025 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 FIXED ASSETS Land & Building CURRENT ASSETS Cash at Bank TOTAL ASSETS Notes 129930 129930 129930 97479 227409 298329 298329 395808 525738 428285 558215 CURRENT LIABILITIES Accruals Amounts falling after one year 1800 1800 1800 TOTAL CURENT LIABILITIES 1800 1800 TOTAL ASSEfs LESS CURENT LIABILITIES 227409 298329 523938 556415 FUNDS Balance b/fwd Surplus TOTAL FUNDS 206206 19403 225609 350209 -51880 298329 556415 -32477 523938 424837 131578 556415 The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 21 April 2025. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 21 April 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financlal statements which give a true and fair view of the state of affalrs of the charitable company as at the end of each flnancial year and its surplus or deficit for each financlal year in accordance wlth the requirements of Section 394 and 395 and whlch otherwise comply with the requlrements of the Companles Act 2006 relating to financial statements, so far as appllcable to the These financial statements have been prepared In accordance wlth the special provlslons of Part 15 of the Companies Act 2006 relating to small charitsble companles and wlth the Flnancial Reporting Standard for Smaller Entities (effective April 2008). These financlal ststements were approved by the Board Of Trustees on and were slgned on Its behalf by . Trustee These notes form part of these flnanclal statements Page 4 ISRAAC SOMALI COMMUNITY ASSOCIATION Notes to the Financlal Statements for the Year Ended 21 April 2025 I. ACCOUNTING POLICIES Accountlng conventlon The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incomlng resources All incoming resources are 4ncluded on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all cost related category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basls consistent with the use of resources. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretlon of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included 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 of proportion to any benefit. ITRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneflts for the year ended 21 April 2024. 3.CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR Accruals Accountancy fee 1800 Page S ISRAAC SOMAIL COMMUNITY ASSOCIATION Notes to the Flnancial Statements - continued for the Year Ended 21 April 2025 Net movement In funds, included in the above are as follows: 4.MOVEMENT IN FUNDS Balance 22/0412024 Incoming resources Resources Balance expended 21/04/2025 Restricted funds SCC Famlly Hub Sheffield City Council RIB South Yorkshire University of Sheffield VAS South Yorkshire Community Found- NHS North East Prpject Tudor trust Sharrow Community Cadent Gas Reaching Communities RBS FPS Disability LABOUR Arts on the Run NHS Buddy Scheme Infinite Skill Africa Caribean TOTAL FUNDS 13780 18163 13780 38163 16585 30176 8310 500 51264 46675 14211 89392 90500 845 1050 315 550 1000 1200 500 405396 20000 16585 26978 4625 500 60000 46000 15591 62525 94872 845 1050 315 550 1000 1200 500 353516 17700 3685 14502 8736 68779 1380 104992 99940 69454 131859 95568 350209 298329 MOVEMENT IN FUNDS contlnued Net movement In funds At 22.04.24 At 21.04.25 556415 556415 34277 34277 522138 522138 Page 6 ISRAAC SOMAU COMMUNITY ASSOCIATION Detalled Statement of Flnanclal Activities for the Year Ended 21 April 2025 INCOMING RESOURCES Unrestrkted Restrkted 2025 2024 Income 20563 353516 374079 399730 Total incoming resources 20563 353516 374079 399730 RESOURCES EXPENDED Telephone/mobile Accountancy Activities and Events Cleanlng Insurance Salaries & Staff expenses Tutor fees and Training Water & Business Rates Volunteer expenses Light & heat Repair & Maintenance Stationery and Postage Office EquipmenVIT 937 1800 34083 7612 2787 180436 103289 1103 200 10760 54203 937 1800 34083 7612 2787 180436 103289 1103 200 10760 54203 1160 8186 1089 1800 41681 5212 1433 155707 39738 1605 1185 9302 8367 1033 1160 8186 Total Resources Expended 1160 405396 406556 268152 NEf INCOME 19403 -51880 -32477 131578 This page does not form part of the statutory financlal statements Page 7