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2020-07-31-accounts

Company registration number: 07695415

Kaalmo Youth Development Limited

Company Limited By Guarantee

Unaudited Financial Statements

31 July 2020

Kaalmo Youth Development limited

Contents
Page
Directors and other information 3
Directors report 4
Statement of income and retained earnings 8
Statement of financial position 9-10
Notes to the financial statements 11-13

Kaalmo Youth Development limited

Directors and other Information

Directors Abdirizak Hassan
Saeed M Ibrahim
Samsam Salah
Ahmed Egeh
Kayse Abdi Omar
Secretary Saeed M Ibrahim
Company Reg number 7695415
Registered office 55 Botanic Road
Liverpool
Merseyside
L75PX
Business address 55 Botanic Road
Liverpool
Merseyside
L75PX
Accountants Khan Accountants Liverpool
76-78 Smithdown road
Liverpool
L7 4JQ
Bankers National Westminster Bank Plc
Princes Road
Liverpool
L131NW

Page 1

Kaalmo Youth Development limited

Directors Report

Year Ended 31 July 2020

The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2018

1. INTRODUCTION TO KAALMO

Kaalmo Youth Development was established in July 2010 (incorporated July 2011) to work within the Somali community to address the issues and needs of the young people amongst the approximately 5000 Somalis living in Liverpool.

In the last seven years Kaalmo has gained the trust and respect of the community and our partners by demonstrating our passion and commitment to do everything we can to give the young people the best chances in life. Kaalmo is important because it is guided and informed by young people - they are listened to, and asked what is important to them. It is about them, their needs and views.

Directors meet monthly and are in daily contact in respect of operational matters and forward planning. Directors are appointed on the basis of their potential involvement in the development of the youth development programme and for the particular skills and experiences they have to offer. Policies and procedures have been reviewed against accepted good practice and we now have an up to date policy manual in place.

All the necessary insurances and licences are also in place and are current. We are now actively working towards charitable status

2. AIMS

We exist to promote education and training opportunities, the personal development of young people and improved health and wellbeing:

  1. To act as a resource for young people up to the age of 21, in particular but not exclusively members of the Somali community, living in Liverpool and the surrounding area by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:

(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; (b) advancing education;

(c) relieving unemployment;

(d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.

  1. The relief of poverty, advancement of education and relief of sickness of people living in Somalia by the provision of funds, items and services as the trustees see fit.

Our response to the complex issues faced by the community has been to deliver a programme of educational and cultural projects that raised awareness of issues such as drugs, education and training opportunities and encourage participation in positive activities amongst the young.

Page 2

Kaalmo Youth Development limited

Directors Report Continuation

Year Ended 31 July 2020

3. THE CONTEXT

The Somali communities mainly live in the Princes Park ward of the city, which has been identified as one of the most deprived areas in England; indeed Toxteth (East) has been identified as the most deprived area by the Church Urban Fund research of 2012. Whilst the BME population is 10% citywide, the ward has a BME population of over 50%.

The area suffers from very high levels of social deprivation, crime and anti-social behaviour, for example:

Residents are anxious to see more positive activities for young people so they do not slip into negative or destructive activities. Our youth activities to date have been well-attended and interest is growing all the time

The issues facing the young people that our project responds to are:-

These factors in many situations result in low levels of motivation and limited aspiration. Many young Somalis struggle to come to terms with where is home.

4. ACTIVITIES 2019/2020

We have delivered a programme of activities that respond to the needs, concerns and aspirations of the young people as they emerge reaching 864 young people. This programme included:

Page 3

Kaalmo Youth Development limited

Directors Report Continuation

Year Ended 31 July 2020

Our work has made a difference and the impact is wide-ranging including the areas of:

To ensure our programme is complementary to other provision for the community we have good working relationships with

5. THE OUTCOMES

In our work so far, we have seen the young people show signs of and also reported:

Page 4

Kaalmo Youth Development limited

Directors Report Continuation

Year Ended 31 July 2020

The young people continue to learn, grow, have fun and make friends. We are supporting happy, healthier lives, informed choices, optimism, and a greater likelihood that young people will engage and volunteer in the community

6. INCOME

During the financial year in question we achieved a range of grant awards and earned income including:

1 Children in Need 33,420
2 WEA 11,652
3 John Moores 2,500
4 BSBT via Community Foundation for Merseyside 11,680
5 LCVS Community Initiaitve Fund 2,000
6 Eleanor Rathbone 2,000
7 Prevent via City Council 5,912

The directors who served the company during the year were as follows:

Abdirizak Hassan Saeed M Ibrahim Samsam Salah Ahmed Egeh Kayse Abdi Omar

This report was approved by the board of directors on 18 August 2021 and signed on behalf of the board by:

Mr Saeed M Ibrahim

Secretary

Page 5

Kaalmo Youth Development limited

Statement of income and retained earnings

Year ended 31 July 2020

Note
Turnover
Cost of sales
Gross profit/(Loss)
Administrative expenses
Operating profit/(Loss)
Interest payable and similar expenses
3
Profit/(Loss) before taxation
4
Tax on profit
Profit/(loss) for the financial year and total comprehensive income
Retained earnings at the start of the year
Retained earnings at the end of the year		 2020
£
69,163
(55,867)
13,296
(476)
12,819
-
12,819
-
12,819
6,323
19,142		 2019
£
42,180
(38,455)
3,725
(1,925)
1,800
(3)
1,797
(366)
1,431
4,892
6,323

All the activities of the company are from continuing operations.

The notes on pages 9 - 11 form part of these financial statements.

Page 6

Kaalmo Youth Development limited

Statement of financial position

31 July 2020

----- Start of picture text -----
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 5 143 258
143 258
Current assets
Cash at bank and in hand 31,879 18,994
31879 18,994
Creditors: amounts falling due
within one year 6 (12,880) (12,929)
Net current assets 18,999 6,065
Total assets less current liabilities 19,142 6,323
Net assets 19,142 6,323
Capital and reserves
Profit and loss account 19,142 6,323
Shareholders funds 19,142 6,323
----- End of picture text -----

For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

The notes on pages 9 - 11 form part of these financial statements.

Saeed M Ibrahim Director

Page 7

Kaalmo Youth Development limited

Statement of financial position (continued)

31 July 2020

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 16 Aug 2020, and are signed on behalf of the board by:

Saeed M Ibrahim Director

Abdirizak Hassan Director

Page 8

Kaalmo Youth Development limited

Notes to financial statements

Year ended 31 July 2020

1 General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Botanic Road, Liverpool, Merseyside, L7 5PX.

2 Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to payor recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Page 9

Kaalmo Youth Development limited

Notes to financial statements (continued)

Year ended 31 July 2020

Tangible assets

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fittings fixtures and equipment 18% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

In previous years depreciation was charged at 20%. This year it was charged at 18% to reflect with HMRC rules of 18% for the main pool.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Profit before taxation

Profit before taxation is stated after charging/(crediting):

Depreciation of tangible assets 2020
£
31		 2019
£
63

Page 10

Kaalmo Youth Development limited

Notes to financial statements (continued)

Year ended 31 July 2020

5
Tangible assets
Cost
At 1 August 2019 and 31 July 2020
Depreciation
At 1 August 2019
Charge for the year
At 31 July 2020
Carrying amount
At 31 July 2020
At 31 July 2019
6
Creditors: amounts falling due within one year
Corporation tax
Other creditors		 Fixtures,
fittings and
equipment
£
634
460
31
491
143
174
2020
£
12,880
12,880		 Total
£
634
460
31
491
143
174
2019
£
366
12,563
12,929

7 Guarantees

As at 31st July 2018, 2 members had given a guarantee of £10 each in the event of the Company winding-up. Total £20

Page 11

Kaalmo Youth Development limited

Detailed income statement

Year ended 31 July 2020

Turnover
Grant income
Professional services
Cost of sales
Venue Hire
Artists Fees
Staff salary costs
Coaching/Professional fees
Pension
Insurance
Rent
Equipment and material
Volunteer expense
Travel
Room hire
Entrance fee
Refreshment
Gross Profit
Overheads
Administrative expenses
Operating profit/(Loss)
Interest payable and similar expenses
Profit before taxation/(Loss)		 2020
£
69,163
-
69,163
(46,223)
(1,100)
(481)
(47,804)
(300)
(595)
(800)
(3,080)
(3,151)
(137)
(55,867)
13,296
(476)
(476)
12,819
-
12,819		 2019
£
39,567
2,613
42,180
(2,660)
(1,000)
(10,800)
(17,736)
-
(461)
(32,657)
(900)
(1,108)
(1,890)
(663)
(200)
-
(1,037)
(38,455)
3,725
(1,925)
(1,925)
1,800
(3)
1,797

Page 12

Kaalmo Youth Development limited

Detailed income statement (continued)

Year ended 31 July 2020

Overheads
Administrative expenses
Training
Stationery, printing and computer costs
Payroll fees
Accountancy fees
Companies House fine
Other Petty cash Expenses
Depreciation of tangible assets		 2020
£
-
(45)
(400)
(31)
(476)		 2019
£
(135)
(63)
(290)
(624)
(750)
-
(63)
(1,925)

Page 13