KAYD SOMALI ARTS AND CULTURE
ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 COMPANY NUMBER: 06851116 CHARITY NUMBER: 1170441
2023
R E G I S T E R E D O F F I C E : Oxford House, Derbyshire Street, London, England, E2 6HG
COMPANY NUMBER: 06851116
CHARITY NUMBER: 1170441
KAYD SOMALI ARTS AND CULTURE
DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31[ST] MARCH 2023
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KAYD SOMALI ARTS AND CULTURE
ADMINISTRATIVE DETAILS
Trustees : Dr Michael Walls Zahra Ahmed Bare AwgabDagaal QumanAkli Rashid Sheikh Abdullahi Dr Giulia Liberatore Company Number : 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, 2[nd] Floor 10 Woolwich New Road London SE18 6AB
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Trustees’ Annual Report for the period
Year Ended: 31 March 2023 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 not 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. |
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Summary of the main Para 1.17 and 1.19 In October 2022, the 14th Somali Week activities in relation to those Festival was presented by Kayd Somali Arts purposes for the public and Culture in London as part of the UK's benefit, in particular, the Black History Month. The festival featured activities, projects or services various sessions, including book launches, identified in the accounts. poetry readings, plays, film screenings, art exhibitions, and music. Kayd partnered with Side Eye Productions to showcase the cultural movers and shakers within and beyond the UK Somali community.
| 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 | In October 2022, the 14th Somali Week Festival was presented by Kayd Somali Arts and Culture in London as part of the UK's Black History Month. The festival featured various sessions, including book launches, poetry readings, plays, film screenings, art exhibitions, and music. Kayd partnered with Side Eye Productions to showcase the cultural movers and shakers within and beyond the UK Somali community. |
|---|---|---|
| The festival showcased book launches, poetry recital, share your talents for young people, storytelling for children, including a new Somali-British play called "Dugzi Dayz" presented at Rich Mix, which had six sold-out nights. These events were held at Oxford House, SOAS University, and The People's Palace, Queen Mary University. Additionally, Kayd presented a series screenings in partnership with Almas Arts Foundation and Aya Films for the award-winning film "The Grave Digger's Wife,". Throughout the festival, Kayd has celebrated the contributions of artistic heroes we have lost, such as Said Jama Hussein and Hadraawi, two monumental figures in Somali arts and culture. As part of the festival, Kayd collaborated with the Women's Excel Centre in Barking to provide a full day of family-friendly activities, theatre performances, and poetry readings in support of UK Black History Month. Overall 70 artists and creatives participated in the festival, which also had a strong online presence, with social media reaching a total of 30,761k, an increase of 50% from the previous year. Currently, Kayd's social media presence includes 3,400 on Facebook, 1,750 on Instagram, 9,500 on Twitter, and 19,900 on YouTube with 1,926,162 views. |
||
| 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
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| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | We were able to recruit 15 volunteers during Somali Week Festival 2022, who supported us in our events across London. |
| Other |
Achievements and Performance
SORP reference Over the course of 10 days, the Somali Week Summary of the main Festival reached an estimated 3,500 people in achievements of the charity, London, including sold-out events in identifying the difference the Para 1.20 collaboration with local community charity’s work has made to organizations in Barking & Brent, and one day the circumstances of its in Leicester. The festival brought together beneficiaries and any wider highly esteemed international guests to benefits to society as a celebrate the richness and diversity of Somali whole. arts and culture.
The festival's online presence was also strong, with insights reaching over 4,000 per post on Instagram, and 8,000 per sponsored post, and over 15,000 website hits. The festival's team engaged actively with their community via Twitter, Facebook, YouTube, and through their Kayd newsletter blasts, reaching over 25 countries, including the UK, USA, Somalia, and China, with a combined reach of over a million.
As part of the Elevate funding by the Arts Council of England, Kayd Somali Arts and Culture was able to support and deliver various initiatives. They hosted a three-day Jubilee celebration, supporting 10 creatives to showcase their work. Additionally, they collaborated with GLA for the Untold Stories project, aimed at identifying Somali history in East London and recommending ways to include it in the public space.
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Kayd Somali Arts and Culture engaged in nationwide partnership with a local community organization in Leicester, by supporting them with program development and having some of Kayd visiting artists perform at their sister event during the weekend of the Somali Week Festival.
Kayd, in partnership with The Women’s Inclusive Team (WIT), conducted primary research and hosted two workshops with community leaders and families on the practice of forced cultural rehabilitation, exploring safeguarding issues with the diaspora community. Through the workshops, Kayd engaged with 250 people with support from the Foreign Commonwealth and Development Office (FCDO).
Partnerships :
We have grown our partnerships with some of the biggest arts institutions in the country, such as The British Library and Rich Mix, by hosting our events there. We have also maintained strong relationships with our hub Oxford House and key academic institutions such as SOAS, UCL and Queen Mary University. Our partnership with play production company Side eYe productions has led us to a 5th year of sold-out play performance.
Fundraising :
Kayd was successful in raising funds in support of SWF and quarterly programs through Arts Council England; Tower Hamlets; Gecko Foundation; Oxford House, SOAS/UCL), FCO, Canary Wharf and community funds.
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Additional information (optional) You may choose to include further statements where relevant about:
Kayd’s objectives are to promote art, culture Achievements against and heritage, to advance the education of the objectives set Para 1.41 public and also, to provide for the recreation of people involved and/or engaged in the activities of the Charity. We met the achievements set against these objectives through the following: Our academic event in SOAS, our creative arts poetry events and children’s entertainment programme, and our mental health panel discussion as part of our recreational aims. These were all delivered during SWF 2022. Performance of fundraising activities against objectives Para 1.41 set
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Financial Review
| inancial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Total income for the year was £216,109 (2022: £156,162) and the total expenditure for the year was £217,504(2022: £157,164). |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The reserves balance is the surplus/deficit for the year added/deducted to/from surplus of previous years. The reserve helps for spending in the future. During this year, the deficit arose as a result of decrease in unrestricted income as an effect of withdrawal of one donor foundation due to their circumstances, slightly reducing reserves. |
| Amount of reserves held | Para 1.22 | £15,103 (2022: £16,498) |
| 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. |
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 | The principal source of funding is from Arts Council of England, and other sponsorship grants and donations. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | Just like any other charity in the sector, there is always risk of losing income. However, most of the donors and sponsors have shown their commitment in the past. In addition, Kayd confirms sponsor commitment before commencing operation each year. |
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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 existing trustees and in accordance with Articles 25-27 (Kayd Articles 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 Somali community across the country, and venues to advance our charitable aims. |
| Other |
Reference and Administrative details
| Charity name | Kayd Somali Arts and Culture |
| Registered charity number | 1170441 |
| Charity’s principal address | Oxford House Derbyshire Street London, England, E2 6HG |
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– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
| N/A |
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Prof Michael Walls Position[Chair ] 08-05-2023 | 17:03 BST Date
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Independent examiner's report to the trustees of KAYD Somali Art & Culture
I report on the accounts of the company for year ended 31 March 2023, which are set out on pages 13 to 16.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes 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 Charities 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 Charities Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b)of the Charities Act; and
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to state whether particular matters have come to my 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 matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect, the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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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
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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.
……………………………………………
19/04/2023
Date…………………………
Charles Osei, BSc (Hons), MSc, ACIE, MCIPP, AFA, ATA Flat 3, 11 Rochdale Way Deptford London SE8 4LY
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Notes | Unrestricted Restricted |
2023 TOTAL |
2022 TOTAL |
|
|---|---|---|---|---|
| £ £ |
£ | £ | ||
| Income Grants and Donations Total Income Expenditure Raising funds Charitable Activities Total Expenditure Operating surplus/(deficit) Total Funds Brought Forward |
2 3 4 |
22,577 193,532 |
216,109 | 156,162 |
| 22,577 193,532 |
216,109 | 156,162 | ||
| - 10,278 23,972 183,254 |
10,278 207,226 |
6,897 150,267 |
||
| 23,972 193,532 |
217,504 | 157,164 | ||
| (1,395)- 16,498 - |
(1,395) 16,498 |
(1,002) 17,500 |
||
| Total Funds Carried Forward | 15,103 - | 15,103 |
16,498 |
All income and expenditure derive from continuing activities and there are no gains and losses other than those passing through the Statement of Financial Activities.
The notes on pages 15 to 16 form part of these financial statements.
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BALANCE SHEET AS AT 31 MARCH 2023
| BALANCE SHEET AS AT 31 MARCH 2023 |
|||
|---|---|---|---|
| Notes | 2023 | 2022 | |
| £ | £ | ||
| CURRENT ASSETS Debtors Cash in bank Less: Current Liabilities due in less than one year NET CURRENT ASSETS TOTAL ASSETS LESS TOTAL LIABILITIES Funds Balance Brought Forward Surplus/(Deficit) |
4 5 |
6,000 14,493 |
1,000 21,298 |
| 20,493 | 22,298 | ||
| 5,390 | 5,800 | ||
| 5,390 | 5,800 | ||
| 15,103 | 16,498 | ||
| 15,103 | 16,498 | ||
| 16,498 (1,395) |
17,500 (1,002) |
||
| Total Funds | 15,103 | 16,498 |
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records 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 04 May 2023 and signed on their behalf by
Michael Walls Chairman of Trustees
The notes on pages 15 to 16 form part of these Financial Statements.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 within 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:
Schedule of Income
| Donations and Sponsorship Grants from |
Unrestricted Fund Restricted Fund (£) (£) |
Unrestricted Fund Restricted Fund (£) (£) |
2023 Total 2022 Total (£) (£) |
2023 Total 2022 Total (£) (£) |
|---|---|---|---|---|
| Grant & sponsorship Income Art Council England Foreign, Commonwealth & Development Office (FCDO) Gecko Foundation LB of Tower Hamlets The British Library SOAS/UCL Rocket Science HATS Sahan Cares Total Sponsorship income Donations & Other Income Kilifanan Trust The Poetry Translation Canary Wharf Partnership and Events Bank interest income Total Donations Income |
- - 5,000 - - - - - - |
97,000 24,765 10,000 14,860 1,000 3,000 4,950 10,000 1,500 |
97,000 24,765 15,000 14,860 1,000 3,000 4,950 10,000 1,500 |
84,875 10,900 20,000 5,000 1,500 3,000 - - - |
| 5,000 | 167,075 | 172,075 | 125,275 | |
| 4,300 - - 13,261 16 |
5,700 1,050 2,500 17,207 |
10,000 1,050 2,500 30,468 16 |
10,000 250 5,000 15,626 11 |
|
| 17,577 | 26,457 | 44,034 | 30,887 | |
| Total Income | 22,577 | 193,532 | 216,109 | 156,162 |
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3. Expenditure
| Description | Unrestricted Fund |
Restricted fund |
2023 TOTAL |
2022 TOTAL |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Staff salary General Office Expenses Marketing, documentation, and publicity Event, activities and artists Consultancy & Professional fees Visiting artists and accommodation expenses Venue, Technician and Security Organisation Development Bank Charges and insurance Volunteers Expenses Total |
- 9,207 - 13,941 - - - 664 160 - |
58,396 - 10,278 31,957 28,085 41,709 21,507 - - 1,600 |
58,396 9,207 10,278 45,898 28,085 41,709 21,507 664 160 1,600 |
66,289 10,010 6,897 29,392 12,567 19,766 9,636 680 727 1,200 |
| 23,972 | 193,532 | 217,504 | 157,164 |
4. Debtors
| 2023 | 2022 | |
|---|---|---|
| Accrued income Total |
£ 6,000 |
£ 1,000 |
| 6,000 | 1,000 |
5. Creditors
| 2023 | 2022 |
|---|---|
| £ Falling due within one year PAYE & NI - Accruals 5,390 Deferred Income - |
£ 1,646 1,654 2,500 |
| Total 5,390 |
5,800 |
6. Related Party Transactions
There were no related party transactions for the year.
7. Trustees Expenses
The total trustees’ expenses incurred on the trustees of the charity for the year was NIL.
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