## **KAYD SOMALI ARTS AND CULTURE** **ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 COMPANY NUMBER: 06851116 CHARITY NUMBER: 1170441** **2021** **R E G I S T E R E D O F F I C E : Oxford House, Derbyshire Street, London, England, E2 6HG** 1 **COMPANY NUMBER: 06851116** # **CHARITY NUMBER: 1170441** ## **KAYD SOMALI ARTS AND CULTURE** # **DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] MARCH 2021** 2 **KAYD SOMALI ARTS AND CULTURE** ## **ADMINISTRATIVE DETAILS** **Trustees** : Prof Michael Walls Dr Giulia Liberatore Quman Akli Rashid Sheikh ABDULLAHI Dr Said Jama HUSSEIN Cornelie Ferguson Bare Awgab Dagaal Dr Fatumo Abdillahi Julia Farrigton |**Company Number**:|06851116|06851116||| |---|---|---|---|---| |**Charity Number**:|1170441|||| |**Registered Office**:|Oxford House|||| ||Derbyshire Street|||| ||London, England, E2 6HG|||| |**Bankers:**|Barclays Bank|||| ||240 Whitechapel Road|||| ||London|||| ||E1 1BJ|||| |**Independent Examiners:**||||| ||Charles Osei,|||| ||Practical Accounting Training Ltd|||| ||Equitable House,|||2ndFloor| ||10|Woolwich New Road||| ||London SE18||6AB|| 3 **Trustees’ Annual Report for the period** ## **Year Ended 31 March 2021** ## **Charity name: KAYD Somali Arts & Culture** ## **Charity registration number:** 1170441 ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote art, culture and heritage,
particularly (but not exclusively), Somali
arts, culture and heritage, for the benefit of
the public, including (without limitation),
musical, literary, dramatic, performance,
dance, and visual arts, particularly, but not
exclusively, by organising and delivering
arts and cultural events and festivals.
To advance the education of the public
(particularly but not exclusively, in Somali
heritage, culture and the arts), including
(without limitation), musical, literary,
dramatic, performance, dance and visual
arts, particularly but exclusively through
workshops, debates, discussions and other
educational programmes.
Also, to provide for the recreation of people
involved and/or engaged in the activities of
the Charity, by providing services and
facilities to them in the interest of social
welfare, with the objective of improving
their conditions of life.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17
and 1.19|Somali Week Festival 2020. The Covid19
pandemic fundamentally affected our entire
program and our delivery plan changed to
hosting the entire Somali Week Festival
online.
The flagship event of Kayd is Somali Week
Festival (SWF) through which Kayd creates
an inclusive and innovative space for all
Somalis to enjoy their cultural heritage and
right to freedom of expression, bringing
together people from across social and
political
divisions
that
separate
the
community in other contexts. We presented
an online festival that aimed to both inform
and entertain the community. In doing this,
we created a 5-day festival across the final
two weekends of October in line with the
UK's
Black
History
Month,
with
a
combination of both live online events as| 4 |||well as the pre-recorded segments at Oxford
House including traditional Somali dance,
young poets performing, visual artists doing
a talk and display of their art and children's
entertainers
conducting
an
interactive
learning and play session. The live online
events included the opening launch panel
which also had live music as well as an
academic panel discussion, a specially
commissioned Covid-19 panel with Tower
Hamlets Council, two book launches and a
talk with a Somali movie Director. The
festival ended with a live streamed pre-
recorded in Hargeysa concert and interview
with one of the most popular Somali artists
to have emerged in the last few years.
In putting on this festival, we were also able
to continue to support artists, hit hard in their
industries by the pandemic and lockdown by
providing much-needed income as well as a
platform and exposure during a tough time.
It also allowed our sessional staff, including
videographers, to earn the income they rely
on during the festival, which is a lifeline for
freelancers.
We also continue to have a strong partner
relationship with the Hargeysa International
Book Fair. Kayd has supported the delivery
of the Hargeysa International Book Fair and
Hargeysa Cultural Centre as well as The
Red Sea Online Cultural Foundation.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees have read, understood and have
had regard to the Charity Commission’s
public benefit guide when making decisions
of Kayd’s activities, management and
organisation.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Kayd supports the annual Hargeysa
International Book Festival, and
occasionally other projects that are directly
related to its charitable aims. Partner
organisations present a proposal to Kayd
and the final decision to support the project
rests with the Board of Trustees. Kayd
issues a contract whenever a partnership is
confirmed.| ||Para1.38|N/A| 5 |Policy on social investment
including program related
investment||| |---|---|---| |Contribution made by
volunteers|Para 1.38|Due to the pandemic, the volunteers
program has been halted.| |Other||| ## **Achievements and Performance** ||SORP
reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Kayd Somali Arts & Culture has
successfully planned, managed and
delivered the Somali Week Festival over 11
consecutive years. This year the Covid-19
pandemic effectively forced the
cancellation not only of the in-person
Somali Week Festival but also all other ad
hoc events.
As a result, Kayd has had to drastically
change and adapt how it connects with its
audience as well as how it provides a
platform for its artists. From April 2020 we
re-branded Kayd across all platforms with a
secure website. We committed resources
to developing Kayd digital assets to create
an archive of 11 years of performances
and events with Kayd’s Somali Week
Festival as the basis for our online digital
cultural hub. Once completed it will be the
largest Somali cultural hub online,
showcasing many of the greatest Somali
artists and thinkers who have attended the
festival.
This has allowed us to build the capacity of
our organisation by expanding our arts
programme online, build our digital
infrastructure and resilience through
adapting to the pandemic. Our priority is
ensuring the safety of the community,
which means that for we focused on
creating new and ongoing online events
and platforms.
The most successful of these online
programs was‘Confined but Creative’
which offered an opportunity to emerging
artists in various mediums in the UK to
submit their response and reaction to
Covid-19 and the lockdown. We were able
to support 150 artists (from London, Bristol,| Manchester, Birmingham and Sheffield), via online live performances, hosted by prominent Somalis within the arts world in the UK. We managed to reach international audiences and inspired the Somali community with our live Zoom performances weekly as well as our social media platforms by giving a platform to each artist everyday on Instagram and Facebook. Additionally we took this time to allocate resources to and develop Kayd organisational structures, refining systems and processes including developing our 5- year strategic business plan, yearly strategic plans, HR polices as well as reviewing our Board and staff. Kayd was successful in raising funds in support of SWF and quarterly programs particularly around Covid-19 and vaccine awareness (funders include Arts Council England; Tower Hamlets Council; Gecko Foundation; Oxford House; SOAS; UCL; community funds and GLA). ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| 7 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Total income for the year was
£118,389 (2020: £148,369) and the total
expenditure for the year was £115,060
(2020: £142,934).| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The reserves balance is the surplus for the
year added to surplus of previous years
help for spending in the future. Reserves
represent net assets and are held in order
to facilitate continued operation of Kayd.| |Amount of reserves held|Para 1.22|£17,500 (2020: £14,171)| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties in relation to the
charity continuing as a going concern. In
spite of the pandemic we remain in a good
financial position.| ## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy Para 1.46 adopted A description of the principal risks facing the charity Para 1.46 Other 8 ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Articles of Association| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Private limited company| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are selected by the Managing
Director and Artistic Director in agreement
with Trustees and in accordance with
Articles 25-27 of Kayd’sArticles of
Association.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|Kayd works closely with the Hargeysa
Cultural Centre both during the Somali
Week Festival and the Hargeysa
International Book Festival.| |Other||| ## **Reference and Administrative details** |Charity name|Kayd Somali Arts and Culture| |---|---| |Registered charity number|1170441| |Charity’sprincipal address|Oxford House
Derbyshire Street
London, England, E2 6HG| 9 orate trustees- names of the directors at the date the re Dlr•etor nam• ortwasa roved NIA Name of trustees holding title to property belonging to the charity Trustee name Dates acted If not for whole ear NIA Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of the charity on whose behalf Ihe assets are held and how this falls within the custodian charity's objects NIA Details of a￿angements for safe custody and segregation of such assets from the charity's own assets NIA Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnaturels) Full name{s) Position (eg Secretary, Chair, etc) chael Walls Quman Akli Chair Trustee Date 18 October 2021 io Independent examinerfs report to the trustees of KAYD Somali Art & Culture I report on the accounts of the c4xnpany for year erKJed 31 March 2021. which are set out on pages 13 to 17. Respective responsibilities of trustees and examiner The trustees (vtho are also the direcior5 of the (x)mpany for the putposes of company law) are responsible for the preparation of the accounts. trustees consider that an audit is not required for this year under section 144{2) of the Charities Ad 2011 (the Charities Act) and that an independent examination is rEed8d. Having satisfEd myself that the charity is not subject to audit under company law and is eligitde for independent examination. it is my responsibilty to: examine the accounts under seclion 145 of the Charities Ad; to follow the procedures laid down in the general Directions given by the Chartty Commission under section 145 {5)(b)of the Charities Art and • to state whether parts"cular matters have come lo my attention. Basis of independent examinerfs report My examination was Carried out in accordan￿ with the general Dire¢tions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charty and a comparison of the accounts presented wtth those records. It also includes consideration of any unusual items or disdosures in the accourrts. and seeking explanations from you as trustees conceming any such rnatt￿5. The procedures undertaken do not provide all the eviden￿ that would be required in an audit and consequently no opinion is given as to vthether the accounts present a Irue arKI fair vie%V and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection wtth my examination. no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material resFEd, the requirements" to keep a¢¢ounttro records in a￿)rdan￿ 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 Ad 2006 and with the methods and principles of the Statement of Recommended Pradir£" Accounting and Reportir¥J by Charibes have not been met: or 2) to which, in my opinion, attention shoukl be drawn to enable a woper understanding of the accounts to be ￿athed. CharFes Osei, MSG. ACIE, AFA. ATA. MCIPP Pradical Accounting Trainir¥J Ltd Equitable House, 2" Floor, 10 Wo(h%•ich New Roaj, London SW18 6AB All income and expenditure derives from continuing activities and there are no gains and losses other than those passing through the Statement of Financial Activities. The notes on pages 14 - 16 form part of these financial statements. 12 8ALANCE SHEET AS AT 31 MARCH 2021 Notes 2021 2020 CURRENT ASSETS Debtors Cash in bank 1,500 42,348 43,848 80,330 80,330 Less CURRENT LIABILITIES Accruals 26,348 26,348 66,159 66,159 NET CURRENT ASSETS TOTAL ASSETS LESS TOTAL LIABILITIES 17,500 17,500 14,171 14,171 CAPITAL AND RESERVES Balance Brought Forward SurplusllDeficit) Total Funds 14,171 3,329 17,500 8,736 5,435 14,171 For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. res onsibilities- The members have not required the company to obtain an audit of its accounts for the year in question in accordan￿ with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting re￿rdS and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small company regime. The accounts were approved by the Trustees on 14 October 2021 and signed on their behalf by (( ichael alls Chalr of Trustees The notes on pages 14 to 16 form part of these Financial Statements. 13 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparation of financial statements** The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008). ## **Turnover** Income comprises donations and grants received towards the activities of the company. ## **2. TURNOVER** The company’s entire income arose withi n the United Kingdom. The sources of income were partnerships, sponsorships and donations from institutions and individuals. The table below shows the breakdown of income for the year by the source: The total income figure for 2021 on the Statement of Financial Activities includes additional income of £7 from bank interest. 14 ## **3. Expenditure** ## **4. Debtors** The accrued income is expected from the Greater London Authority. ## **5. Creditors** The deferred income last year for £57,428 was released to finance the operations in the current year. The £10,000 deferred income is donation received towards the operations of the charity in the next financial year. 15 ## **6. Restricted Funds** ## **7. Related Party Transactions** There were no related party transactions for the year. ## **8. Trustees Expenses** The total trustees’ expenses incurred on the trustees of the charity for the year was NIL. 16