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. 2. 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: - 44% of the working age population are economically inactive - 30% of adults have no formal qualifications - 41 % face deprivation in 2 or more dimensions 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:- - Lack of English language skills. - Lack of culturally appropriate support - Prospect of unemployment - Lack of community facilities - local authority cuts mean the lion's share of provision for young people has fallen on community groups - Low educational attainment potentially due to: lack of successful role models - Poor diet: traditional meals use a lot of oils and fat - Low levels of fitness - Increasing threat of radicalisation - Incidents of racial abuse - young people tell us that they will not travel outside the community unless they must, for fear of attack 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: - Action for Health: - We designed and delivered projects specific to the health and wellbeing issues emerging during our work: diet and nutrition; drug awareness, sexual health and lifestyle. - FGM - As we have gained more trust from the young people and wider community so we are able to address sensitive issues. 'Breaking the Silence' delivered a series of sessions for the benefit of young women in the community to enable them to discuss the issue - Personal Development - We have delivered successful programmes for young members of the Somali Community to enable them to explore their aspirations, options, and to realise their dreams. The programmes increased confidence and self-awareness, helped them identify their strengths, their transferable skills, and those skills they need to develop to reach their goal. - Employability workshops - a programme that gave opportunities to explore strengths and aspirations and to set goals towards making these a reality. Page 3 ## **Kaalmo Youth Development limited** ## **Directors Report Continuation** ## **Year Ended 31 July 2020** - writing skills amongst young Somalis through their engagement in a programme of storytelling events, creative writing workshops and Somali Tales - a cultural development programme with a focus on enhancing reading and appreciative reading groups. - **Weekly youth club sessions** - a chance to meet friends, play console games, watch films or just 'sit off - and the opportunity to raise the range of issues covered in workshops and discussion groups - **Kaalmo FC** - Low levels of fitness and a growing trend towards inactive lifestyle and obesity in the Somali have been reported on at length. In response to this we have worked closely with boys and young men from the community, who are football mad. Kaalmo FC continues to attract 30 boys and young men to weekly training - **Consultation** - One of the strengths of Kaalmo is the fact it is rooted in the community and has good networks. As such we are able to talk with young people others might deem hard to reach. Our work has made a difference and the impact is wide-ranging including the areas of: - Crime prevention - Drug and alcohol prevention - More physically active - Confidence, self-awareness - Ability to now talk about a range of sensitive issues with confidence - Clarity on what they want for their future - Greater participation in school and out of school activities - Employment and for volunteering in the community To ensure our programme is complementary to other provision for the community we have good working relationships with - Somali Welfare Development Trust who provide after-school classes for young people giving them assistance at Key Stages 2, 3 and 4 in English, Mathematics and Science - Merseyside Somali and Community Association - rooted in the community and supported the diverse communities of the area - Granby4Streets - leading regeneration of the Granby area - This Is My Story - a development and delivery partner - Asli Restaurant who offer training in food industry occupations and run healthy eating workshops - Local schools and colleges - NHS CCG; LCVS; Liverpool city council and our local councillors ## **5. THE OUTCOMES** In our work so far, we have seen the young people show signs of and also reported: - Improved wellbeing: self-awareness; confidence; optimism; and resilience - Motivation - New Skills - New interests - Having a plan and goals for their life as a result of the My Story personal development programme - Reading for pleasure, and reading more widely as a result of participation in Somali Tales - Beginning to explore their own creative potential through the arts programme - Fitter as a result of taking part in sport Page 4 ## **Kaalmo Youth Development limited** ## **Directors Report Continuation** ## **Year Ended 31 July 2020** - More aware of health issues - Young people volunteering to support the delivery of events and activities 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 members have not required the company to obtain an audit of its financial statements 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 financial statements. 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