(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.
- 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 trustees 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 small companies' regime.
- The financial statements were approved by the board on 31 Janury 2025 and signed on its behalf
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
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14
15
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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||||
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## **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
- (eg. trust deed, constitution)
How the charity is constituted
CIO
- (eg. trust, association, company)
Trustee selection methods
Elected
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **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
- Weekly Jummah Friday (congregational) prayer. - 5 Daily Prayers - Tuition Centre, - Youth Services - Events for the Local Community. - Tarawih Prayers in Ramadan - Eid Prayers - Pensioners - Tea and Biscuits Daily
- Fitness Classes
- Food Bank Services
**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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
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:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **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
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**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