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← Deptford Somali Islamic Centre

2024-03-31-accounts

(England and Wales)

DEPTFORD SOMALI ISLAMIC CENTRE

Report of Trustees and Unaudited Financial Statements For the year ended 31 March 2024

THAMES ACCOUNTANTS AND CO. 100 Dunton Road London, SE1 5UN

DEPTFORD SOMALI ISLAMIC CENTRE Contents Page For the year ended 31 March 2024

Contents Page
Report of the Trustees 1
Independent Examiner's report to the Trustees 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 6

DEPTFORD SOMALI ISLAMIC CENTRE Report of the Trustee

For the year ended 31 March 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2024 The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity DEPTFORD SOMALI ISLAMIC CENTRE Charity Registration Number 1171820 Principal Address 228 - 229 Railway Arches Arklow Road London SE14 6EB

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mohamed Abdullahi Ali (Chair) Ibrahim Jama Ahmed-Deq Ahmed Ridwan Haibe Abosrag Abdi Independent Examiner THAMES ACCOUNTANTS AND CO. 100 Dunton Road London SE1 5UN Bankers HSBC UK

Approved by the Board of Trustees and signed on its behalf by

Chair Trustee

1

DEPTFORD SOMALI ISLAMIC CENTRE

Independent Examiner’s Report to the Trustees on the Unaudited Financial Statements For the year ended 31 March 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2O24.

Responsibilities and basis of report

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

THAMES ACCOUNTANTS AND CO.

100 Dunton Road London, SE1 5UN 31[st] January 2025

2

DEPTFORD SOMALI ISLAMIC CENTRE Statement of Financial Activities For the year ended 31 March 2024 Notes

Notes
Income & endowments from:
Donations & legacies
Charitable activites
Other activites
1
Investments
Total
Expenditure on:
Raising funds
Charitable activites
Other
2
Total
Net surplus
3
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2024
£
-
-
48,652
-
48,652
-
-
15,446
15,446
33,206
86,244
119,450		 2023
£
-
-
43,793
-
43,793
-
-
10,579
10,579
33,214
53,030
86,244

3

DEPTFORD SOMALI ISLAMIC CENTRE
Statement of Financial Position
2024
Notes
£
Fixed Assets
Tangible assets
4
-
Current Assets
Debtors
5
-
Cash at bank and in hand
128,643
128,643
Creditors
amounts falling due within one ye
6
9,193
Total Assets (Current Liabilities)
119,450
Creditors
amounts falling due after more than one year
119,450
Total Net Assets (Liabilities)
119,450
The Funds of Charity
Accumulated funds brought forward
86,244
Surplus/deficit for the year
7
33,206
119,450
For the year ended 31 March 2024		 2023
£
-
-
96,298
96,298
6,496
89,803
3,559
86,244
86,244
53,030
33,214
86,244

For the year ended 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustee

4

DEPTFORD SOMALI ISLAMIC CENTRE Notes to the Financial Statements For the year ended 31 March 2024

1. Income earned from other trading activites
Contributions
Other Sources
2. Expenditure on other activities
Building works
Consultancy
Heat & light
IT
Printing, postage & stationary
Welfare & refreshments
Repairs & renewals
Insurance
Clearing & waste disposals
Sundry
Utilities-Castle water
Accountancy fee
3. Net surplus/(expenditure) for the year
This is stated after charging/(crediting):
Accountancy fees		 2024
£
48,652
-
48,652
2024
£
-
-
7,131
-
-
-
-
-
-
7,165
900
250
15,446
£
33,206
2024
250		 2023
£
43,793
-
43,793
2023
£
-
-
6,296
-
-
-
-
-
-
3,181
902
200
10,579
£
33,214
2023
200

4. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value; over their expected useful life on the following basis. Fixtures & Fittings 20% Reducing Balance Office Equipment 20% Reducing Balance Cost or valuation Equipments Fixtures & fittings £ £ - - At 01 April 2023 Additions - - - - Total at 01 April 2023 Depreciation - - Charge for the year Net Book Values At 31 March 2024 - - At 31 March 2023 - -

5

DEPTFORD SOMALI ISLAMIC CENTRE Notes to the Financial Statements Continued For the year ended 31 March 2024

5. Debtors

5. Debtors
Due within one year
Charity Debtors
Other Debtors
6. Creditors
Amounts falling due within one year
Thames Accountants
Bank Overdraft
Sundry Creditors
Others		 2024
£
-
-
-
2024
£
200
-
-
6,296
6,496		 2023
£
-
-
-
2023
£
200
-
-
-
200

7. Movement in funds

Unrestricted funds

Balance at Incoming Outgoing Transfers Balance at 01 April 2023 Resources Resources 31 March 2024 £ £ £ £ £ General 86,244 48,652 - 15,446 - 119,450 Unrestricted funds-Previous year Balance at Incoming Outgoing Transfers Balance at 01 April 2022 Resources Resources 31 March 2023 £ £ £ £ £ General 53,030 43,793 - 10,579 - 86,244

6

Trustees' Annual Report for the period

Period start date Period start date Period end date
**From ** 01 April 2023 To 31
March		 2024

Section A Reference and administration details

Charity name Deptford Somali Islamic Centre (DSIC)

Other names charity is known by Registered charity number (if any) 1171820

Charity's principal address 228 - 229 Railway Arches

226 Childers St London Postcode SE14 6ED

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if
any)		 Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Mohamed Ali
AbosragAbdi
Ridwan Haibe
Ahmed-DeqAhmed
Ibrahim Jama

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

June 2024

Trustees' Annual Report for the period

1

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

CIO

How the charity is constituted

CIO

Trustee selection methods

Elected

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

We support disadvantaged community members by promoting Islam through various activities, and providing food bank services, elderly gatherings, youth services, a tuition centre, and fitness classes to enhance physical and mental health.

June 2024

Trustees' Annual Report for the period

2

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

June 2024

Trustees' Annual Report for the period

3

Section D Achievements and performance

Summary of the main Our charity achieved significant milestones by supporting disadvantaged achievements of the charity community members and promoting Islam through various events and during the year literature distribution. We provided essential food bank services, organized daily gatherings for the elderly to combat loneliness, and offered comprehensive youth services. Additionally, we operated a tuition centre to support educational needs and introduced fitness classes to improve both physical and mental health. These initiatives collectively contributed to the well-being and development of our community.

June 2024

Trustees' Annual Report for the period

4

Section E Financial review

The level of free reserves is reviewed by the Trustees at least annually Brief statement of the and when setting budgets in order to ensure that funds are adequate to charity’s policy on reserves meet the planned charitable activities while preserving the financial future of the Charity in the event that grant funding is not possible and the event of an emergency. We also reserve funds for building maintenance. The charity's policy on reserves involves a systematic review by trustees at least annually and during budget planning. This ensures that adequate funds are available to support planned charitable activities. Reserves also serve to safeguard the charity's financial stability in scenarios where grant funding may be unavailable or during emergencies. Additionally, funds are allocated specifically for building maintenance, further securing the charity's operational continuity and asset upkeep. This strategic approach aims to balance current operational needs with long-term sustainability and resilience against unforeseen challenges.

Details of any funds materially

in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

June 2024

Trustees' Annual Report for the period

5

Signature(s)

Full name(s)

Full name(s) Ibrahim Jama
Position (eg Secretary, Chair,
Trustee
etc)
Date 29 Jan. 25

June 2024

Trustees' Annual Report for the period

6